What you need to know about Gandhar Oil Refineries IPO?
by 5paisa Research Team
17 Nov 2023
Listing Details
- Listing Exchange BSE, NSE
- Listing Date 30-Nov-23
- IPO Price Range ₹160
- Listing Price ₹295.4
- Listing Change 74.8 %
- Last Traded Price ₹225.9
- Current Change 33.7 %
Gandhar Oil IPO Details
- Open Date 22-Nov-23
- Close Date 24-Nov-23
- Lot Size 88
- IPO Size ₹ 500.69 Cr
- IPO Price Range ₹ 160 to ₹ 169
- Min Investment ₹ 14080
- Listing Exchange BSE, NSE
- Basis of Allotment 30-Nov-23
- Refunds 01-Dec-23
- Credit to Demat Account 04-Dec-23
- Listing Date 05-Dec-23
Gandhar Oil Refinery (India) IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 22-Nov-23 | 1.35 | 8.01 | 7.35 | 5.78 |
| 23-Nov-23 | 3.14 | 27.24 | 18.25 | 15.86 |
| 24-Nov-23 | 129.06 | 64.34 | 29.93 | 65.63 |
Gandhar Oil IPO Synopsis
Gandhar Oil Refinery Limited IPO is all set to open from 22nd November to 24th November 2023. The company produces white oil which is used in healthcare as well as consumer products. The IPO includes a fresh issue of 17,869,822 shares worth ₹302.00 cr and an Offer for Sale (OFS) of 11,756,910 equity shares worth around ₹198.69 cr. The total IPO size is ₹500.69 cr. The share allotment date is 30th November, and the IPO will be listed on 5th December on the stock exchanges. The price band is ₹160 to ₹169 per share and the lot size is 88 shares.
Nuvama Wealth Management Limited and ICICI Securities Limited are the book-running lead managers for this IPO, while Link Intime India Private Limited is the registrar.
Objectives of Gandhar Oil Refinery IPO:
The company will utilise the funds raised from fresh issues for:
● To invest, repay or pray the loan availed by Texol from BoB
● To fund capital expenditure for the purchase of equipment and civil work for expansions at different plants
● For working capital requirements
● General corporate purposes.
Gandhar Oil IPO Video:
About Gandhar Oil Refinery (India)
Gandhar Oil Refinery produces white oil which is used in healthcare as well as consumer products. The products are also used in other sectors including industrial, rubber, power, automotive, tyre, and more. The company has its manufacturing facility in India as well as in the United Arab Emirates. Its products are sold in more than 100 nations as of June 2023.
Gandhar Oil Refinery’s portfolio includes 440 products which are spread across the following categories:
● Healthcare and performance oils (“PHPO”)
● Personal care
● Lubricants and process and insulating oils
Some of the popular clients that Gandhar Oil Refinery serves are Unilever, Procter & Gamble (“P&G”), Dabur, Unilever, Patanjali Ayurved, Marico, Bajaj Consumer Care, Encube, Emami, and more.
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
For More Information:
Gandhar Oil Refinery IPO GMP
Webstory on Gandhar Oil Refinery IPO
Gandhar Oil Refinery (India) Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 4079.44 | 3543.37 | 2221.00 |
| EBITDA | 316.61 | 245.96 | 138.76 |
| PAT | 213.17 | 163.58 | 100.32 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 1613.43 | 1318.20 | 1100.93 |
| Share Capital | 16.00 | 16.00 | 16.00 |
| Total Borrowings | 853.23 | 757.50 | 656.10 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 104.38 | 166.65 | 118.05 |
| Net cash from / (used in) investing activities | -73.42 | -115.95 | -22.35 |
| Net cash flow from / (used in) financing activities | -43.79 | -4.13 | -91.08 |
| Net increase (decrease) in cash and cash equivalents | -12.83 | 46.57 | 4.61 |
Gandhar Oil IPO Key Points
-
Strengths
1. The company has a leading market share of the Indian white oils market with significant overseas sales, focused on the consumer and healthcare end industries.
2. It has an extensive and diversified customer base.
3. The supplier base is comprised of leading oil companies with competitive pricing terms.
4. The manufacturing facilities are strategically located.
5. It has in-house R&D capabilities.
6. Resilient, flexible and scalable business model with a prudent risk management framework.
7. Financial performance is quite consistent.
8. Experienced and qualified management team.
-
Risks
1. Dependency on our personal care, health care and performance oil business division for revenue.
2. Delays, interruptions or reductions in the supply of raw materials can impact the business.
3. The company sources most of its base oil and key raw materials from South Korea and the Gulf Co-operation Council region. Volatility in interest rates could adversely affect the business.
4. Exposed to counterparty credit risk.
5. Forex rate fluctuations can impact the business.
6. High working capital requirements.
Gandhar Oil
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Gandhar Oil IPO FAQs
What is the minimum lot size and investment required for the Gandhar Oil Refinery IPO?
The minimum lot size of Gandhar Oil Refinery IPO is 88 shares and the investment required is ₹14,080.
What is the price band of Gandhar Oil Refinery IPO?
The price band of Gandhar Oil Refinery IPO is ₹160 to ₹169.
When does the Gandhar Oil Refinery IPO opens and close?
The Gandhar Oil Refinery IPO is open from 22nd November to 24th November 2023.
What is the size of the Gandhar Oil Refinery IPO issue?
The size of Gandhar Oil Refinery IPO is around ₹500.69 cr.
What is the allotment date of the Gandhar Oil Refinery IPO?
The share allotment date of Gandhar Oil Refinery IPO is 30th of November 2023.
What is the Gandhar Oil Refinery IPO listing date?
The Gandhar Oil Refinery IPO will be listed on 5th of December 2023.
Who are the book runners for the Gandhar Oil Refinery IPO?
Nuvama Wealth Management Limited and ICICI Securities Limited are the book-running lead managers for Gandhar Oil Refinery IPO.
What is the objective of Gandhar Oil Refinery IPO?
The company will utilise the funds raised from fresh issues for:
● To invest, repay or pray the loan availed by Texol from BoB.
● To fund capital expenditure for the purchase of equipment and civil work for expansions at different plants.
● For working capital requirements.
● General corporate purposes.
How to apply for the Gandhar Oil Refinery IPO?
To apply for Gandhar Oil Refinery IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Gandhar Oil Refinery IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
● You will receive a mandate notification to block funds in your UPI app.
Contact Details of Gandhar Oil Refinery (India) IPO
Contact Information
Gandhar Oil Refinery India Limited
18th floor, DLH Park,
S.V. Road
Goregaon (W), Mumbai 400 062
Phone: +91 22 4063 5600
Email: investor@gandharoil.com
Website: https://gandharoil.com/
Gandhar Oil Refinery (India) IPO Register
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: gandharoil.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
Gandhar Oil Refinery (India) IPO Lead Manager
ICICI Securities Limited
Nuvama Wealth Management Limited
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