Gandhar Oil Refinery India Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹85(50.30%)
Premium (ELP)
The public market debut of Gandhar Oil Refinery India Limited's was completed on Nov 30, 2023 with its listing on the NSE, BSE exchange. The IPO process raised 2,96,26,732 Shares in total capital, consisting of 1,78,69,822 Shares in new equity and ₹198.69 Cr in existing share sales through the OFS route.
The offering featured a price range of ₹160 to ₹169 and minimum application size of 88 shares. Investor response during the subscription period from Nov 22, 2023 to Nov 24, 2023 influenced the final allotment ratios across investor categories.
Final allotment was announced on Nov 29, 2023, distributing shares to successful subscribers. The listing established a continuous market for the company's shares, enabling liquidity, valuation transparency, and broader investor participation.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Gandhar Oil Limited is a leading manufacturer of white oils used mainly in consumer and healthcare industries, offering over 350 products under the brand name “Divyol”. Their products are key ingredients for many end products in sectors like consumer goods, healthcare, automotive, industrial, power, tyre, and rubber. The company serves both Indian and global markets, supplying to more than 100 countries as of June 2022. Gandhar Oil has over 3,500 clients worldwide, including well-known brands like P&G, Unilever, Marico, Dabur, Patanjali Ayurved, Bajaj Consumer Care, Emami, Encube, and Amrutanjan Healthcare.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Mr Ramesh Babulal Parekh
- Mr Samir Ramesh Parekh
- Mr Aslesh Ramesh Parekh
Gandhar Oil Refinery India Limited
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