₹ 14872 / 88 shares
Issue Date
22 Nov - 24 Nov'23
Investment/lot
₹ 14872
Price Range
160 - 169
Lot Size
88
IPO Size
₹ 500.69 Cr
Listing On
30 Nov'23
Issue Price
169
Listed Price
₹ 298
Retail Gain/Listing Gain
▲76.33%
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).
Here are the key financials for Gandhar Oil Refinery (India) Limited:
Particulars (in Rs. million)
Particulars (in Rs. million)
How to apply for IPO through ASBA
Kotak Securities
•00m 59s
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: