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Gandhar Oil IPO Date, Review, Price, Allotment Details

Gandhar Oil Limited is a number one producer of white oils with a rising focal point at the client and healthcare end-industries. As of June 30, 2022, their product suite comprised over 350 merchandise essentially around the private care, healthcare, and function oils (“PHPO”), lubricants, and procedure and insulating oils (“PIO”) divisions underneath the “Divyol” logo.

Gandhar Oil merchandise are used as components by means of main Indian and international corporations for the manufacture of finish merchandise for the patron, healthcare, car, commercial, energy, and tyre, and rubber sectors. As of June 30, 2022, their merchandise had been bought in over 100 nations around the globe. They catered to over 3,500 consumers within the Financial Year 2022, together with main Indian and international corporations akin to Procter & Gamble (“P&G”), Unilever, Marico, Dabur, Encube, Patanjali Ayurved, Bajaj Consumer Care, Emami and Amrutanjan Healthcare, supported by means of our international provider base and production operations in India and UAE.

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Objects of the Issue

  • Investment in Texol by the use of a mortgage for financing the compensation/pre-payment of a mortgage facility availed by means of Texol from the Bank of Baroda;
  • Capital expenditure thru acquire of kit and civil paintings required for (i) enlargement in capability of car oil on the corporate’s Silvassa Plant; (ii) enlargement within the capability of petroleum jelly and accompanying beauty product department on the corporate’s Taloja Plant; and (iii) enlargement in capability of white oils by means of putting in mixing tanks on the corporate’s Taloja Plant;
  • Funding running capital necessities of the Company; and
  • General company functions.

Gandhar Oil IPO Review (Apply or Not)

Brokerage Firm IPO Review

  • Capital Market: To be up to date quickly
  • Religare Broking: To be up to date quickly
  • Hem Securities: To be up to date quickly
  • Arihant Capital: To be up to date quickly

Gandhar Oil IPO Date & Price Band Details (Tentative)

IPO Open: November 23, 2023
IPO Close: November 27, 2023
IPO Size: Approx ₹500 Crores
Fresh Issue: Approx ₹357 Crores
Offer for Sale: Approx ₹143 Crores
Face Value: ₹2 Per Equity Share
IPO Price Band: ₹[.] to ₹[.] Per Share
IPO Listing on: BSE & NSE
Retail Quota: 35%
QIB Quota: 50%
 NII Quota: 15%
Discount: N/A
DRHP Draft Prospectus: Click Here
RHP Draft Prospectus: Click Here
Anchor Investors List: Click Here

Gandhar Oil IPO Market Lot

The Gandhar Oil IPO minimal marketplace lot is [.] stocks with ₹[.] software quantity. The retail traders can follow up-to 13 loads with [.] stocks or ₹[.] quantity.

Application Lot Size Shares Amount
Retail Minimum 1 ₹-
Retail Maximum 13 ₹-
S-HNI Minimum 14 ₹-
B-HNI Minimum 68 ₹-

Gandhar Oil IPO Allotment & Listing Dates

The Gandhar Oil IPO date is November 23 and the shut date is November 27. The Gandhar Oil IPO allotment can be finalized on 2023 and the IPO record on 2023.

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Anchor Investors Allotment: November 22, 2023
IPO Open Date: November 23, 2023
IPO Close Date: November 27, 2023
Basis of Allotment: 2023
Refunds: 2023
Credit to Demat Account: 2023
IPO Listing Date: 2023

You can test IPO subscription standing and IPO allotment standing on their respective pages.

Gandhar Oil IPO Form

How to use for the Gandhar Oil IPO? You can follow for Gandhar Oil IPO by way of ASBA to be had to your checking account. Just pass to the net financial institution login and follow by way of your checking account by means of deciding on the Gandhar Oil IPO within the Invest phase. The different choice is you’ll be able to follow for Gandhar Oil IPO by way of IPO paperwork downloaded by way of NSE and BSE. Check out the Gandhar Oil paperwork – Click BSE Forms & NSE Forms clean IPO paperwork obtain, fill, and publish to your financial institution or along with your dealer.

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Gandhar Oil Company Financial Report

  ₹ in Crores
Year Revenue Expense PAT
2020 ₹2517 ₹2503 ₹14.08
2021 ₹2242 ₹2129 ₹98.49
2022 ₹3569 ₹3344 ₹160.07
2023 3M ₹886 ₹803 ₹58.10

Gandhar Oil IPO Valuation – FY2022

Check Gandhar Oil IPO valuations element like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) main points.

Earning Per Share (EPS): ₹20.99 in step with Equity Share
Price/Earning P/E Ratio: N/A
Return on Net Worth (RoNW): 32.53%
Net Asset Value (NAV): ₹70.03 in step with Equity Share

Peer Group

  • Savita Oil Technologies Ltd
  • Apar Industries Ltd
  • Panama Petrochem Ltd
  • Galaxy Surfactants Ltd
  • Privi Speciality Chemicals Ltd
  • Rossari Biotech Ltd
  • Fairchem Organics Ltd
  • Mr Ramesh Babulal Parekh
  • Mr Samir Ramesh Parekh
  • Mr Aslesh Ramesh Parekh

Gandhar Oil IPO Registrar

Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/

Gandhar Oil IPO Allotment Status Check

Check Gandhar Oil IPO allotment standing on Linkintime web site allotment URL. Click Here

Gandhar Oil IPO Lead Managers aka Merchant Bankers

  • ICICI Securities Limited
  • Edelweiss Financial Services Ltd

Company Address

Gandhar Oil Refinery India Limited
18th flooring, DLH Park,
S.V. Road
Goregaon (W), Mumbai 400 062
Phone: +91 22 4063 5600
Email: [email protected]
Website: https://gandharoil.com/

Gandhar Oil IPO FAQs

What is Gandhar Oil IPO?

Gandhar Oil IPO is a main-board IPO. They are going to lift ₹500 Crores by way of IPO. The factor is priced at ₹[.] to ₹[.] pr fairness percentage. The IPO is to be indexed on BSE & NSE.

When Gandhar Oil IPO will open?

The IPO is to open on November 23, 2023 for QIB, NII, and Retail Investors.

What is Gandhar Oil IPO Investors Portion?

The traders’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Gandhar Oil IPO?

You can follow for Gandhar Oil IPO by way of ASBA on-line by way of your checking account. You too can follow for ASBA on-line by way of UPI thru your inventory agents. You too can follow by way of your inventory agents by means of filling up the offline shape.

How to Apply the Gandhar Oil IPO thru Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Gandhar Oil”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now pass for your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Gandhar Oil IPO thru Upstox?

Log in to the Upstox Application along with your credentials. Select the IPO. You will see the IPO Name “Gandhar Oil”. Click on Bid Button. Confirm your Application. Now pass for your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Gandhar Oil IPO thru Paytm Money?

Log in to Paytm Money Application along with your credentials. Select the IPO. You will see the IPO Name “Gandhar Oil”. Click on Bid Button. Confirm your Application. Now pass for your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Gandhar Oil IPO Size?

Gandhar Oil IPO dimension is ₹500 crores.

What is Gandhar Oil IPO Price Band?

Gandhar Oil IPO Price Band is ₹[.] to ₹[.].

What is Gandhar Oil IPO Minimum and Maximum Lot Size?

The minimal bid is [.] Shares with ₹[.] quantity whilst the utmost bid is [.] stocks with ₹[.].

What is the Gandhar Oil IPO Allotment Date?

Gandhar Oil IPO allotment date is 2023.

What is the Gandhar Oil IPO Listing Date?

Gandhar Oil IPO record date is 2023. The IPO is to record on BSE and NSE.

Note: The Gandhar Oil IPO worth band and date are formally introduced. The IPO gray marketplace top class (Gandhar Oil IPO Premium) can be added to the IPO gray marketplace web page as it is going to get started).

Follow for the Upcoming IPO news and their critiques, additionally stay following us on TwitterFacebook, and Instagram. For our newest movies, subscribe to our YouTube channel.





– Source : IPOWATCH

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