Gandhar Oil Refinery (India) Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

Gandhar Oil Refinery (India) Ltd IPO

Gandhar Oil Refinery (India) Limited is a leading manufacturer of white oils by revenue with a growing focus on the consumer and healthcare end-industries. As of June 30, 2023, its product suite comprised over 440 products primarily across the personal care, healthcare and performance oils, lubricants and process and insulating oils divisions under the Divyol brand. The Company is India's largest manufacturer of white oils by revenue in Financial Year 2023, including domestic and overseas sales and is one of the top five players globally in terms of market share in the calendar year 2022

Gandhar Oil Refinery (India) Ltd IPO Details

Total Shares Offered

₹ 2,96,26,732

Offer to Public

1,17,56,910

Retail Max (Shares)

₹ 1,03,69,356

Pre Issue Promoters Holding

₹ 3,39,90,000

Exchange

BSE

Issue size

₹ 500.69 Cr

IPO Open Date

Nov 22, 2023

Close Date

Nov 24, 2023

Lot Size

Min Investment

₹ 14,080

Issue Type

Book Building

Listing Date

Nov 30, 2023

Gandhar Oil Refinery (India) Ltd IPO Dates

Nov 22, 2023

Opening date

Nov 24, 2023

Closing date

Nov 28, 2023

Basis of Allotment

Nov 29, 2023

Initiation of Refunds

Nov 29, 2023

Credit of Shares

Nov 30, 2023

Listing date

Details

Sector	Type
Sector	Refineries
Sub Sector	NA
Issue Type	Book Building

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	14813366
NII	0x	4444010
Retail	0x	10369356
Employee	0x	0
Total	0x	29626732

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

14813366

4444010

10369356

29626732

Gandhar Oil Refinery (India) Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	3,896.93	4,113.21	4,079.03
EBITDA	149.08	194.46	252.69
PAT	75.29	118.71	169.53
Total Assets	1,198.21	1,241.19	907.62
Share Capital	19.58	19.57	16.00
Total Borrowings	189.60	221.57	141.76
Operating Activities (Net Cash)	97.11	134.13	182.23
Investing Activities (Net Cash)	-4.16	-5.94	-70.42
Financing Activities (Net Cash)	189.60	221.57	141.76
Net Cashflow	116.02	234.90	40.84

About Gandhar Oil Refinery (India) Ltd

Gandhar Oil Refinery (India) Limited was incorporated on October 7, 1992 at Mumbai, Maharashtra as `Gandhar Oil Refinery (India) Private Limited' under the Companies Act, 1956. Pursuant to fulfilling certain requirements for a public company under the Companies Act, 1956 and conversion into a public limited company, the name of the Company was changed to `Gandhar Oil Refinery (India) Limited', and a fresh certificate of incorporation dated January 22, 1997 was issued by the Registrar of Companies, Maharashtra, at Mumbai (RoC). The Company was then converted into a private limited company under the provisions of the Companies Act, 1956 and the name of the Company was changed to `Gandhar Oil Refinery (India) Private Limited' pursuant to conversion into a private company, and a fresh certificate of incorporation dated January 6, 2003 was issued by the RoC. Subsequently, the name of the Company was changed to `Sunoco Industries Private Limited' and a fresh certificate of incorporation dated March 16, 2004 was issued by the RoC. The name of the Company was changed again to `Gandhar Oil Refinery (India) Private Limited' and a fresh certificate of incorporation dated July 25, 2005 was issued by the RoC. Pursuant to conversion into a public limited company, the name of the Company was changed to `Gandhar Oil Refinery (India) Limited', and a fresh certificate of incorporation dated August 22, 2005 was issued by the RoC.

The global specialty oil market value, estimated at $129.90 billion in 2023, is expected to grow to $154.0 billion by 2028, at a CAGR of 3.5%. The Indian specialty oil market is estimated to be $7.33 billion in 2023 and reach $9.30 billion by 2028, at a CAGR of 4.9%. White oil is expected to be the fastest-growing segment over the forecast period, given the favourable outlook for end-user industries amid rising focus on product safety and awareness about health and hygiene

Peer Comparison:

Savita Oil Technologies Ltd
Apar Industries Ltd
Panama Petrochem Ltd
Galaxy Surfactants Ltd
Privi Speciality Chemicals Ltd
Rossari Biotech Ltd
Fairchem Organics Ltd

Gandhar Oil Refinery (India) Ltd Key Points

Strengths

Leading market share of the Indian white oils market with significant overseas sales, focused on the consumer and healthcare end-industries.

Extensive and diversified customer base and a supplier base comprised of leading oil companies with competitive pricing terms.

Strategically located manufacturing facilities and in-house R&D capabilities.

Resilient, flexible and scalable business model with prudent risk management framework.

Track record of consistent financial performance.

Risk

The company depends significantly on its personal care, health care and performance oil business division and downturns in the industries addressed by this business division or an inability to manage sales by the business division effectively leading to any reduction in revenue from this division could adversely affect its business, financial condition and results of operations.

The company is subject to strict quality requirements and standards and inspections and the success and acceptance of its products by its customers is largely dependent on its ability to meet such quality requirements and standards. Its failure to comply with the quality standards and technical specifications prescribed by such customers may lead to a loss of business from such customers and could negatively impact its reputation, which would have an adverse impact on its business prospects and results of operations.

Its inability to effectively manage its growth and expansion or to successfully implement the company's business plan and growth strategy, including in relation to the expansion of its manufacturing plants, could have an adverse effect on its business, results of operations and financial condition.

Strategy

Enhanced focus on the consumer and healthcare end-industries.

Continue to increase overseas sales by strategically expanding product offerings.

Strengthen its customer base by growing existing customer business and acquiring new customers.

Strengthen its manufacturing and R&D capabilities.

How To Apply for Gandhar Oil Refinery (India) Ltd IPO Online?

Step 1:

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From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Gandhar Oil Refinery (India) Ltd IPO?

Gandhar Oil Refinery (India) Ltd's IPO offers shares for up to 302 It begins on Nov 22, 2023 and ends on Nov 24, 2023.

What is the price of the Gandhar Oil Refinery (India) Ltd IPO?

The price of Gandhar Oil Refinery (India) Ltd IPO ranges between ₹160 to ₹169 per share.

What are the open and close dates for the Gandhar Oil Refinery (India) Ltd IPO?

The Gandhar Oil Refinery (India) Ltd IPO opens on Nov 22, 2023 and closes on Nov 24, 2023.

When will the Gandhar Oil Refinery (India) Ltd IPO be allotted?

The allotment for the Gandhar Oil Refinery (India) Ltd IPO will be finalised on Nov 28, 2023. The shares will be listed on BSE and NSE on Nov 30, 2023.

What is the minimum lot size required for Gandhar Oil Refinery (India) Ltd IPO?

The minimum lot size for Gandhar Oil Refinery (India) Ltd IPO is 88 shares, priced between ₹160 to ₹169 per share.

What is the GMP of Gandhar Oil Refinery (India) Ltd IPO?

The GMP (Grey Market Premium) of Gandhar Oil Refinery (India) Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Gandhar Oil Refinery (India) Ltd IPO?

To check the allotment status of Gandhar Oil Refinery (India) Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Gandhar Oil Refinery (India) Ltd IPO getting listed?

The Gandhar Oil Refinery (India) Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Nov 22, 2023, and closes on Nov 24, 2023. The allotment is finalised on Nov 28, 2023.

How do you apply for the Gandhar Oil Refinery (India) Ltd IPO?

To apply for the Gandhar Oil Refinery (India) Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.