Gandhar Oil Refinery India Limited IPO
Gandhar Oil Refinery India Limited IPO is listed on BSE and NSE, priced at ₹160–₹169 per share. The stock debuted at ₹298, delivering a listing gain of 76.3%. The IPO had a lot size of ₹88 shares and a minimum investment of ₹14,872.
Gandhar Oil Refinery India Limited IPO
- IPO Dates
- Nov 22, 2023 – Nov 24, 2023
- Price band
- ₹160-169 per equity share
- Minimum Investment
- ₹14,872
- Issue size
- Total ₹500.69 Cr : #Fresh Issue : 17,869,822 shares(aggregating up to ₹302.00 Cr) + #OFS : 11,756,910 shares of ₹2(aggregating up to ₹198.69 Cr)
- Lot size
- 88
- Allotment Date
- Nov 29, 2023
- Listing
- Nov 30, 2023
- Listing At
- BSE, NSE
IPO timeline
-
Nov 22, 2023
Open Date
Completed
-
Nov 24, 2023
Close Date
Completed
-
Nov 29, 2023
Allotment Date
Completed
-
Nov 30, 2023
Listing Date
Completed
Price Summary
- Last closing
- 144.51 (-14.49%)
- 52 week high
- 184.42
- 52 week low
- 115.00
- Last update
Gandhar Oil Refinery India Limited IPO Essentials
Gandhar Oil Refinery India Limited IPO Details
Gandhar Oil Refinery India Limited IPO is priced at ₹160-169 per share with a total issue size of Total ₹500.69 Cr : #Fresh Issue : 17,869,822 shares(aggregating up to ₹302.00 Cr) + #OFS : 11,756,910 shares of ₹2(aggregating up to ₹198.69 Cr). The IPO has a lot size of 88 shares and is listed on BSE and NSE.
- Issue price
- ₹160-169 per equity share
- Lot size
- 88 shares
- Face value
- ₹2 Per Equity Share
- Issue size
- Total ₹500.69 Cr :
#Fresh Issue : 17,869,822 shares(aggregating up to ₹302.00 Cr) +
#OFS : 11,756,910 shares of ₹2(aggregating up to ₹198.69 Cr) - Listing at
- BSE, NSE
- List price
- 298.0(NSE)
- Listing date
- Registrar
- Link Intime India Private Ltd
- Lead manager
-
Edelweiss Financial Services Ltd, ICICI Securities Limited
Gandhar Oil Refinery India Limited IPO Analytics
Gandhar Oil Refinery India Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Gandhar Oil Refinery India Limited IPO Subscription Status
Gandhar Oil Refinery India Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 5,925,346 |
4,444,010
2,962,673
1,481,337
|
10,369,356 | 20,738,712 |
|
Day 1
22-11-23 05:00 PM
|
1.35 x |
7.70x
5.84x
11.43x
|
6.91 x | 5.53 x |
|
Day 2
23-11-23 05:00 PM
|
3.14 x |
26.24x
21.77x
35.18x
|
17.27 x | 15.27 x |
|
Day 3
24-11-23 05:00 PM
|
129.00 x |
62.23x
59.89x
66.90x
|
28.95 x | 64.07 x |
|
Total No. of Applications
|
category wise applications | ||
|---|---|---|---|
| 2,826,431 (Approx) | 23.99 | ||
Gandhar Oil Refinery India Limited Valuations
Earnings
- EPS (Post IPO)
- ₹23.77/-
- P/E Ratio
- 6.16
Returns
- RoNW
- 32.28%
Gandhar Oil Refinery India Limited Financials( In Crs.)
| 31-Mar-23 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
|---|---|---|---|---|
| Assets | 1,613.44 | 1,097.70 | N/A | N/A |
| Revenue | 4,101.79 | 2,069.58 | N/A | N/A |
| Profit After Tax | 213.18 | 161.14 | N/A | N/A |
Gandhar Oil Refinery India Limited Company & Offer Insights
About Gandhar Oil Refinery India Limited
Gandhar Oil Limited is a prominent manufacturer of white oils that caters to the consumer and healthcare end-industries. As of June 30, 2022, the company offers an extensive range of over 350 products that primarily fall under three categories - personal care, healthcare and performance oils (PHPO), lubricants, and process and insulating oils (PIO) - under the brand name Divyol.The company's products serve as crucial ingredients for various end products in sectors such as consumer goods, healthcare, automotive, industrial, power, tyre, and rubber, and are used by leading Indian and global companies.
As of June 2022, company has catered to 100 countries across the globe. The company served more than 3500 clients including companies like Procter & Gamble (P&G), Unilever, Marico, Dabur, Encube, Patanjali Ayurved, Bajaj Consumer Care, Emami and Amrutanjan Healthcare.
Gandhar Oil Refinery India Limited Promoter(s)
Mr Ramesh Babulal Parekh, Mr Samir Ramesh Parekh, Mr Aslesh Ramesh Parekh are the company's promoters of Gandhar Oil Refinery India Limited.
Gandhar Oil Refinery India Limited IPO Issue Objectives
- •
- he company will not receive any proceeds from the Offer for Sale and the proceeds received from the Offer for Sale will not form part of the Net Proceeds.
- •
- 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
- •
- General corporate purposes
Gandhar Oil Refinery India Limited IPO - Anchor Investors
Gandhar Oil Refinery IPO: Investors mop up Rs 150 crore via anchor book.
As per the filing to exchanges, Gandhar Oil Refinery has allocated shares to a total of 16 anchor investors, including Morgan Stanley, Societe Generale, Copthall Mauritius Investment, ICICI Prudential Mutual Fund, HDFC Mutual Fund, Whiteoak Capital, Ashoka India Equity Investment Trust, Turnaround Opportunities Fund, Aditya Birla Sun Life Insurance Company, and SBI General Insurance Company.
Gandhar Oil Refinery India Limited IPO - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Revenue(in Cr.) | |
|---|---|---|---|---|
| Gandhar Oil REfinery | 1.67 | 7.76 | 32.3% | 4,101 |
| Savita Oil Technologies | 1.50 | 13.7 | 16.1% | 3,629 |
| Apar Industries | 9.01 | 28.3 | 32.3% | 14,352 |
| Panama Petrochem | 1.82 | 9.55 | 27.1% | 2,249 |
| Galaxy Surfactants | 4.96 | 28.8 | 22.1% | 4,443 |
| Privi Speciality Chem | 5.91 | 227 | 2.80% | 1,634 |
| Rossari Biotech | 4.10 | 34.3 | 12.4% | 1,656 |
| Fairchem Organics | 5.71 | 52.6 | 17.7% | 648 |
Contact Information
Frequently Asked Questions
Click any question to reveal the answer
Gandhar Oil Refinery India Limited IPO is a book-built IPO worth ₹Total ₹500.69 Cr : #Fresh Issue : 17,869,822 shares(aggregating up to ₹302.00 Cr) + #OFS : 11,756,910 shares of ₹2(aggregating up to ₹198.69 Cr). The price band is ₹160–₹169 per share. The IPO opens on Nov 22, 2023 and closes on Nov 24, 2023. It will be listed on BSE and NSE. Link Intime India Private Ltd is the registrar.
The price band of Gandhar Oil Refinery India Limited IPO is ₹160 to ₹169 per share.
The lot size of Gandhar Oil Refinery India Limited IPO is 88 shares.
The minimum investment for Gandhar Oil Refinery India Limited IPO is approximately ₹14,872 based on the upper price band .
Gandhar Oil Refinery India Limited IPO opens on Nov 22, 2023 and closes on Nov 24, 2023.
The allotment date of Gandhar Oil Refinery India Limited IPO is Nov 29, 2023.
Gandhar Oil Refinery India Limited IPO is expected to be listed on Nov 30, 2023, on BSE and NSE .
Gandhar Oil Refinery India Limited IPO listed on Nov 30, 2023. It was issued at ₹298.0(NSE) and is currently around ₹144.51 as on 14-May-2026 3:30 PM, which is approximately -14.5% versus issue price. The 52-week high is ₹184.42.
Based on listing and post-listing performance, Gandhar Oil Refinery India Limited IPO delivered around -14.5% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Gandhar Oil Refinery India Limited IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Gandhar Oil Refinery India Limited IPO valuation snapshot: P/E 6.16, EPS ₹23.77/-, P/B N/A, RoNW 32.28%, and market cap N/A.
To apply for Gandhar Oil Refinery India Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Gandhar Oil Refinery India Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Gandhar Oil Refinery India Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Gandhar Oil Refinery India Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Gandhar Oil Refinery India Limited IPO allotment status on IPO Ji for quick and easy access.