₹ 14872 / 88 shares

IPO Details

Issue Date

22 Nov - 24 Nov'23

Investment/lot

₹ 14872

Price Range

160 - 169

Lot Size

88

IPO Size

₹ 500.69 Cr

IPO Listing Details

Listing On

30 Nov'23

Issue Price

169

Listed Price

₹ 298

Retail Gain/Listing Gain

76.33%

Start date

End date

Allotment of bids

Refund Initiation

Listing on exchange

Watch and Learn
All you need to know about Gandhar Oil Refinery (India) Ltd IPO
Tune in to know more about the company, IPO issue details, future strategies, important financial details, its presence and reach, service portfolio, and much more with Kinjal Parekh!

Gandhar Oil Refinery (India) Limited holds a prominent position as a top revenue-generating producer of white oils. The company's strategic emphasis is on the consumer and healthcare sectors, (Source: CRISIL Report). As of June 30, 2023, the product portfolio comprises over 440 items, primarily spanning the personal care, healthcare, and Performance Oils (PHPO), as well as the Lubricants and Process and Insulating Oils (PIO) divisions, all under the renowned "Divyol" brand.

The company’s products are used as ingredients by leading Indian and global companies for the manufacture of end products for the consumer, healthcare, automotive, industrial, power and tyre and rubber sectors.

In FY23, the company is also India’s largest manufacturer of 204 white oils by revenue, including domestic and overseas sales, and is one of the top five players globally in terms of market share in the calendar year 2022 (Source: CRISIL Report).

Leading market share of the Indian white oils market
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Extensive and diversified customer and supplier base
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Resilient, flexible and scalable business model
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  • There is significant dependence on the personal care, health care and performance oil business division.
  • The company is subject to strict quality requirements and the success of products is largely dependent on meeting such quality requirements and standards.
  • An inability to manage their growth strategy and expansion plan may adversely affect the business.
  • Enhanced focus on the consumer and healthcare end-industries.
  • Continue to increase overseas sales by strategically expanding product offerings.
  • Strengthen the customer base by growing existing customer business and acquiring new customers.

Here are the key financials for Gandhar Oil Refinery (India) Limited:

Particulars (in Rs. million)

Particulars (in Rs. million)

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Gandhar Oil Refinery (India) Ltd IPO FAQs

Gandhar Oil Refinery (India) Ltd will list on 2023-11-30.

500.69 is the issue size of Gandhar Oil Refinery (India) Ltd IPO.

The minimum lot size is 88 shares and the investment required is ₹14872.

The price band of Gandhar Oil Refinery (India) Ltd IPO is ₹160 to ₹169.

The Gandhar Oil Refinery (India) Limited IPO has an issue size of Rs. 500.69 crores. The IPO opens for subscription on 22nd November and closes on 24th November 2023.

Link Intime India Private Limited is the registrar for this IPO.

You may read more about Gandhar Oil Refinery (India) Limited and its IPO from the company’s red herring prospectus (RHP) here:

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