Gandhar Oil IPO Opens on 22 November, Price band set at ₹ 160-169 per share

Gandhar Oil IPO: In stock market new company is coming to list named as Gandhar Oil Refinery India Limited. This is a good opportunity for the investors to invest in IPO, but before investing in the IPO you should know the some facts about the Gandhar Oil Refinery India Limited.

Gandhar Oil Refinery India IPO will open for purchase on 22nd November and it will close on 24th November, 2023. The IPO Price Band is set at ₹ 160-169 per share.

₹ 14,080

Min. Investment

Lot Size

88 Shares

Price Range

₹ 160-169/share

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  1. Company Profile
  2. Gandhar: Key Managerial Personnel
  3. Competitive Strengths
  4. Risk
  5. IPO Date
  6. IPO Price Band
  7. IPO Lot Size
  8. IPO Timeline
  9. Gandhar Oil Financial Statement (Proforma Consolidated)

Company Profile

Gandhar began its journey to success in 1992, incorporated in the year 1992. Gandhar is a leading manufacturer of white oils by revenue, engaged in producing Pharmaceutical, Health care, and performance oil (PHPO), Process Insulating Oil (PIO) and Lubricants (automotive oils and industrial oils).

meet national and international quality standards and are approved by India FDA, ISO Certifications, Kosher, BIS and Halal.

Gandhar: Key Managerial Personnel

Gandhar: Key Managerial Personnel

Mr. Ramesh B. Parekh – Chairperson & Managing Director
Mr. Samir Parekh – Vice Chairperson & Joint Managing Director
Mr. Rajiv Parekh – Director, Operations—Texol Lubritech FZC
Mr. Aslesh R Parekh – Joint Managing Director

Competitive Strengths

Gandhar Company was India’s largest manufacturer of white oils by revenue in Financial Year 2023, including domestic and overseas sales and was one of the top five players globally in terms of market share in the calendar year 2022.

Risk

  • Counterparty Credit Risk as its outstanding trade receivables accounted for ₹ 441 Crore in the financial year 2022.
  • Exposed to risk associated with exchange rate fluctuations and supply of crude oil.

IPO Date

Gandhar Oil Refinery India Limited IPO will open for subscription on 22nd November 2023 and it will close on 24th November 2023. An anchor investor can apply for IPO one day before i.e 21st November, 2023.

IPO Price Band

The Price band for IPO set at ₹ 160-169 per share.

IPO Lot Size

To purchase this IPO investors need to invest in lot size. In one lot the company is offering 88 shares. So minimum investment will be 14,080 = (₹ 160 * 88 shares).

IPO Timeline

  • IPO Open Date Wednesday, November 22, 2023
  • IPO Close DateFriday, November 24, 2023
  • Basis of Allotment Thursday, November 30, 2023
  • Initiation of RefundsFriday, December 1, 2023
  • Credit of Shares to DematMonday, December 4, 2023
  • Listing DateTuesday, December 5, 2023

Note: Cut-off time for UPI mandate confirmation 5 PM on November 24, 2023

Gandhar Oil Financial Statement (Proforma Consolidated)

From Rs 3,543.3 crore in FY 2022 to Rs 4,079.4 crore in FY 2023, the company’s revenue grew by 15.13 percent. Concurrently, the profit of the company climbed by 30.3 percent to Rs 213.17 crore in FY 2023 from Rs 163.58 crore in the corresponding quarter of the previous financial year.

(Rs. in Crore)

Period Ended31 Mar 202131 Mar 202330 Jun 2023
Revenue2,069.584,101.791,071.52
Profit After Tax161.14213.1854.28
Net Worth375.76760.21810.79
Reserves and Surplus355.68719.19763.99
Assets1,097.701,613.441,795.57

Gandhar Oil IPO FAQs

When Gandhar Oil IPO will Open for subscription?

The Gandhar IPO will Open for subscription on 22nd November 2023, Wednesday. As a Investor you can apply for IPO.

What is last date to apply for Gandhar IPO?

The last to apply for Gandhar IPO is 24th November 2023, Friday.

What is the Minimum amount required to apply for Gandgar IPO?

The minimum amount required is Rs. 14,080 = (₹ 160 * 88 shares).

If I applied for IPO on 22nd November, then when shares will be alloted?

It will be allotted on 30th November 2023.