Gandhar Oil Refinery (India) Limited is a private limited company that operates oil refineries and manufactures specialty oils and lubricants. The company was established in 1992 in Goregaon West, Mumbai. Gandhar Oil Refinery (India) Limited serves customers worldwide.
Gandhar Oil Refinery (India) Limited manufactures, trades, retails, and exports products such as:
Engine oil
Hydraulic oil
Automotive gear oil
Liquid paraffin
Greases
Automotive lubricants
Petroleum jelly
Rubber processing oils
Gandhar Oil Refinery (India) Limited is a leading manufacturer of white oils by revenue. The company has a diversified customer base that comprised 3,558 customers during the fiscal 2023.
Gandhar Oil Refinery India Limited IPO Timeline
| Particular | Date |
| IPO Open Date | 22 Nov 2023 |
| IPO Close Date | 24 Nov 2023 |
| Allotment Date | 29 Nov 2023 |
| IPO Listing Date | 30 Nov 2023 |
Gandhar Oil Refinery India Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 2 Per Equity Share |
| IPO Price | Rs. 160 to Rs.169 Per Equity Share |
| Market Lot | 88 Share |
| ISIN Code | |
| Listing At | NSE &ANDBSE |
| Issue Size | Approx. Rs. 500 Crore. |
Gandhar Oil Refinery India Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 88 | Rs. 14872 |
| Maximum | 13 | 1144 | Rs. 193336 |
| Small HNI (Minimum) | 14 | 1232 | Rs. 208208 |
| Big HNI (Minimum) | 67 | 5984 | Rs. 1011296 |
Gandhar Oil Refinery India Limited IPO Details Allotment Status
Company Financials:
| Particular | 31 March 2023 | 31 March 2021 |
| Total Assets | 1613.44 | 1097.36 |
| Total Revenue | 4101.79 | 2516.69 |
| Profit After Tax | 213.18 | 160.95 |
Company Promoters:
Promoters of the company are Mr. Ramesh Babulal Parekh, Mr. Samir Ramesh Parekh and Mr. Aslesh Ramesh Parekh
Purpose of the issue
- Investment in Texol by way of a loan for financing the repayment/pre-payment of a loan facility availed by Texol from the Bank of Baroda;
- Capital expenditure through purchase of equipment and civil work required for (i) expansion in capacity of automotive oil at the company’s Silvassa Plant; (ii) expansion in the capacity of petroleum jelly and accompanying cosmetic product division at the company’s Taloja Plant; and (iii) expansion in capacity of white oils by installing blending tanks at the company’s Taloja Plant;
- Funding working capital requirements of the Company; and
- General corporate purposes.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| 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/ | Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: esaf.ipo@damcapital.in Website: https://linkintime.co.in/mipo/ipoallotment.html |
