Gandhar Oil Limited, a renowned manufacturer specializing in white oils for consumer and healthcare industries, boasts a diverse portfolio of over 350 products. These products are categorized into personal care, healthcare and performance oils (PHPO), lubricants, and process and insulating oils (PIO), all under the well-established brand name "Divyol" as of June 30, 2022.
Playing a pivotal role as essential ingredients across various sectors such as consumer goods, healthcare, automotive, industrial, power, tyre, and rubber, the company's offerings are trusted by leading Indian and global corporations. With a global reach extending to 100 countries, Gandhar Oil Limited has built a client base exceeding 3500, including esteemed companies like Procter & Gamble ("P&G"), Unilever, Marico, Dabur, including Encube, Patanjali Ayurved, Bajaj Consumer Care, Emami, and Amrutanjan Healthcare
As of June 2022, the company's IPO, Gandhar Oil Refinery India, is set to launch from November 22, 2023, to November 24, 2023, offering a Face Value of ₹2 per share with a Price Band ranging from ₹160 to ₹169 per share. The Lot Size is fixed at 88 shares, contributing to a Total Issue Size of 29,626,732 shares, amounting to ₹500.69 Crores. The IPO consists of a Fresh Issue of 17,869,822 shares (aggregating up to ₹302.00 Crores) and an Offer for Sale of 11,756,910 shares (aggregating up to ₹198.69 Crores).
The Net Proceeds from the Fresh Issue are earmarked for specific objectives, including investment in Texol to finance loan repayment/pre-payment to the Bank of Baroda, capital expenditure for capacity expansion in automotive oil, petroleum jelly, and white oils, funding working capital requirements, and general corporate purposes.
The Promoters of Gandhar Oil Refinery India are Mr. Ramesh Babulal Parekh, Mr. Samir Ramesh Parekh, and Mr. Aslesh Ramesh Parekh, holding 87.50% pre-issue and 64.63% post-issue.
Investors can participate in the IPO by bidding for a minimum of 88 shares and in multiples thereof. The Lot Size table outlines the minimum and maximum investments for retail investors and High Net Worth Individuals (HNI).
Gandhar Oil Refinery India IPO Lot Size
Investors have the flexibility to bid for a minimum of 88 shares and in multiples thereof during the Gandhar Oil Refinery India IPO. The table below outlines the minimum and maximum investment options for retail investors and High Net Worth Individuals (HNI):
Application Lots Shares Amount
Retail (Min) 1 88 ₹14,872
Retail (Max) 13 1,144 ₹193,336
S-HNI (Min) 14 1,232 ₹208,208
S-HNI (Max) 67 5,896 ₹996,424
B-HNI (Min) 68 5,984 ₹1,011,296
This structure allows retail investors and HNIs to participate in the IPO according to their investment preferences, providing a range of options based on the number of shares and corresponding amounts they wish to invest.
The IPO timeline is as follows:
Opening Date: November 22, 2023
Closing Date: November 24, 2023
Basis of Allotment: November 30, 2023
Refunds Initiation: December 1, 2023
Listing Date: December 5, 2023
Investors participating in the Gandhar Oil Refinery India IPO should take note that the credit of shares to their Demat accounts is scheduled for December 4, 2023. The cut-off time for confirming UPI mandates is set at 5 PM on November 24, 2023. It is crucial for investors to adhere to this deadline to ensure a smooth and timely processing of their UPI mandates for the IPO subscription.
FAQs - Gandhar Oil Refinery India IPO
What is Gandhar Oil Limited's core focus and product range?
Gandhar Oil Limited specializes in manufacturing white oils for the consumer and healthcare industries. The company offers a diverse portfolio of over 350 products, categorized into personal care, healthcare and performance oils (PHPO), lubricants, and process and insulating oils (PIO) under the brand name "Divyol."
Which industries does Gandhar Oil Limited serve with its products?
Gandhar Oil Limited plays a crucial role in various sectors, including consumer goods, healthcare, automotive, industrial, power, tyre, and rubber.
Who are some of Gandhar Oil Limited's notable clients?
The company's products are trusted by leading Indian and global corporations, including Procter & Gamble ("P&G"), Unilever, Marico, Dabur, Encube, Patanjali Ayurved, Bajaj Consumer Care, Emami, and Amrutanjan Healthcare.
What is the timeline for Gandhar Oil Refinery India IPO?
The IPO is scheduled to launch from November 22, 2023, to November 24, 2023.
What is the Face Value and Price Band for Gandhar Oil Refinery India IPO?
The IPO offers a Face Value of ₹2 per share with a Price Band ranging from ₹160 to ₹169 per share.
What is the Lot Size for Gandhar Oil Refinery India IPO?
The Lot Size is fixed at 88 shares, contributing to a Total Issue Size of 29,626,732 shares.
What is the purpose of the Fresh Issue in Gandhar Oil Refinery India IPO?
The Net Proceeds from the Fresh Issue are designated for specific objectives, including investment in Texol, loan repayment/pre-payment to the Bank of Baroda, capacity expansion in automotive oil, petroleum jelly, and white oils, funding working capital requirements, and general corporate purposes.
Who are the Promoters of Gandhar Oil Refinery?
The Promoters are Mr. Ramesh Babulal Parekh, Mr. Samir Ramesh Parekh, and Mr. Aslesh Ramesh Parekh, holding 87.50% pre-issue and 64.63% post-issue.
What is the IPO timeline for investors?
Opening Date: November 22, 2023
Closing Date: November 24, 2023
Basis of Allotment: November 30, 2023
Refunds Initiation: December 1, 2023
Credit of Shares to Demat Account : 4th December , 2023
Listing Date: December 5, 2023
What are the investment options for retail and High Net Worth Individuals (HNI) in Gandhar Oil Refinery India IPO?
Investors can participate by bidding for a minimum of 88 shares and in multiples thereof. The Lot Size table provides details on the minimum and maximum investments for retail investors and HNIs.