Gandhar Oil Refinery India Limited
- IPO Date22 Nov, 2023 to 24 Nov, 2023
- Listing Date05 Dec, 2023
- Face Value₹2 per share
- Issue Price₹160 to ₹169 per share
- Lot Size88 Shares
- Minimum Investment₹14,872
- Listing AtBSE, NSE
- Total Issue Size2,96,26,732 Shares
(aggregating up to ₹500.69 Cr) - Fresh Issue1,78,69,822 Shares
(aggregating up to ₹302.00 Cr)
- Offer for Sale1,17,56,910 Shares
(aggregating up to ₹198.69 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue8,00,00,000
- Shareholding post issue9,78,69,820
IPO Dates
Closing Date
24 Nov, 2023
Initiation of Refunds
04 Dec, 2023
Listing Date
05 Dec, 2023
22 Nov, 2023
Opening Date
30 Nov, 2023
Basis of Allotment
04 Dec, 2023
Credit of Shares
Gandhar Oil Refinery India Limited Lot Size
Investors can bid for a minimum of 88 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Max) | 13 | 1144 | ₹1,93,336 |
| Retail (Min) | 1 | 88 | ₹14,872 |
| B-HNI (Min) | 68 | 5984 | ₹10,11,296 |
| S-HNI (Min) | 14 | 1232 | ₹2,08,208 |
| S-HNI (Max) | 67 | 5896 | ₹9,96,424 |
Gandhar Oil Refinery India Limited Promoter Holding
Promoters of the company are Mr Ramesh Babulal Parekh, Mr Samir Ramesh Parekh and Mr Aslesh Ramesh Parekh
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 87.5% | 64.63% |
Gandhar Oil Refinery India Limited COMPANY INFORMATION
Gandhar Oil Refinery India IPO is a book built issue of Rs 500.69 crores. The issue is a combination of fresh issue of 1.79 crore shares aggregating to Rs 302.00 crores and offer for sale of 1.18 crore shares aggregating to Rs 198.69 crores. Gandhar Oil Refinery India IPO opens for subscription on November 22, 2023 and closes on November 24, 2023. The allotment for the Gandhar Oil Refinery India IPO is expected to be finalized on Thursday, November 30, 2023. Gandhar Oil Refinery India IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, December 5, 2023. Gandhar Oil Refinery India IPO price band is set at ₹160 to ₹169 per share. The minimum lot size for an application is 88 Shares. The minimum amount of investment required by retail investors is ₹14,872. The minimum lot size investment for sNII is 14 lots (1,232 shares), amounting to ₹208,208, and for bNII, it is 68 lots (5,984 shares), amounting to ₹1,011,296. ICICI Securities Limited and Nuvama Wealth Management Limited are the book running lead managers of the Gandhar Oil Refinery India IPO, while Link Intime India Private Ltd is the registrar for the issue. Refer to Gandhar Oil Refinery India IPO RHP for detailed information.
Gandhar Oil Limited is a prominent manufacturer of white oils that caters to the consumer and healthcare end-industries. As of June 30, 2022, the company offers an extensive range of over 350 products that primarily fall under three categories - personal care, healthcare and performance oils (PHPO), lubricants, and process and insulating oils (PIO) - under the brand name "Divyol".
The company's products serve as crucial ingredients for various end products in sectors such as consumer goods, healthcare, automotive, industrial, power, tyre, and rubber, and are used by leading Indian and global companies.
As of June 2022, company has catered to 100 countries across the globe. The company served more than 3500 clients including companies like Procter & Gamble ("P&G"), Unilever, Marico, Dabur, Encube, Patanjali Ayurved, Bajaj Consumer Care, Emami and Amrutanjan Healthcare.
FAQs About Gandhar Oil Refinery India Limited
Gandhar Oil Refinery India Limited will open on 22 Nov, 2023 and close on 24 Nov, 2023. Investors must apply within this period to participate.
The Gandhar Oil Refinery India Limited price band is set between ₹160.00 and ₹169.00 per share. The minimum lot size is 88, requiring an investment of at least ₹14872.00.
The Gandhar Oil Refinery India Limited shares are expected to be listed on 05 Dec, 2023, subject to regulatory approvals and final allotment.
You can track your Gandhar Oil Refinery India Limited application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Gandhar Oil Refinery India Limited will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.