Gandhar Oil Refinery India Limited

Company Profile
Company Name Gandhar Oil Refinery India Limited
Open Date 22-11-2023
Close Date 24-11-2023
Exchange BSE, NSE
Lot Size 88 Shares
Issue Price ₹ 160 to ₹ 169 per share
Issue Size 2,96,26,732 shares
Application Amount Min. Inv. - Rs. 14,872 (88 shares) Max. Inv. - Rs. 1,93,336 (1,144 shares)
Recommendation Apply

Gandhar Oil Refinery Limited was originally incorporated in the year 1992 and has its registered office in Mumbai. The Company is a leading manufacturer of white oils by revenue with a growing focus on the consumer and healthcare end industries. The Company’s products are used as ingredients by leading Indian and global companies for the manufacture of end products for the consumer, healthcare, automotive, industrial, power and tyre and rubber sectors. As of 30th June 2023, the Company had 440 employees on its payroll.

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Summary of Financials (All financials in Cr.)

For the Period Ended Mar-21 Mar-22 Mar-23 Jun-23
Total Assets 1,097.70 1,318.21 1,613.44 1,795.58
Net Assets 375.76 560.71 760.21 810.79
Total Borrowings 176.78 158.16 169.53 335.62
Total Revenue 2,069.58 3,397.98 4,101.79 1,071.52
Profit After Tax 161.14 184.30 213.17 54.28

Tentative Timeline

Opening Date 22/11/2023
Closing Date 24-11-2023
Basis of Allotment 28-11-2023
Initiation of Refunds 29-12-2023
Credit of Shares to Demat 29-12-2023
Listing Date 30-12-2023

Objects of the Issue

Expansion in capacity of automotive oil at the company’s Silvassa Plant.
Expansion in capacity of petroleum jelly and accompanying cosmetic product division at the company’s Taloja Plant.
Expansion in capacity of white oils by installing blending tanks at the company’s Taloja Plant.

Contact Information

Registered Office Gandhar Oil Refinery India Limited 18th floor, DLH Park, S.V. Road Goregaon (W), Mumbai 400 062
Phone +91 22 4063 5600

Registrar Details

Name Link Intime India Private Ltd
Phone +91-22-4918 6270

IPO Reservation

QIB Shares Offered Not more than 50.00% of the Net offer
Retail Shares Offered Not less than 35.00% of the Offer
NII (HNI) Shares Offered Not less than 15.00% of the Offer

Shareholding Pattern

Share Holding Pre Issue (Promoters) 87.50%
Share Holding Post Issue (Promoters) 64.63%

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