| Company Name | Gandhar Oil Refinery India Limited |
| Open Date | 22-11-2023 |
| Close Date | 24-11-2023 |
| Exchange | BSE, NSE |
| Lot Size | 88 Shares |
| Issue Price | ₹ 160 to ₹ 169 per share |
| Issue Size | 2,96,26,732 shares |
| Application Amount | Min. Inv. - Rs. 14,872 (88 shares) Max. Inv. - Rs. 1,93,336 (1,144 shares) |
| Recommendation | Apply |
Gandhar Oil Refinery Limited was originally incorporated in the year 1992 and has its registered office in Mumbai. The Company is a leading manufacturer of white oils by revenue with a growing focus on the consumer and healthcare end industries. 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. As of 30th June 2023, the Company had 440 employees on its payroll.
| For the Period Ended | Mar-21 | Mar-22 | Mar-23 | Jun-23 |
| Total Assets | 1,097.70 | 1,318.21 | 1,613.44 | 1,795.58 |
| Net Assets | 375.76 | 560.71 | 760.21 | 810.79 |
| Total Borrowings | 176.78 | 158.16 | 169.53 | 335.62 |
| Total Revenue | 2,069.58 | 3,397.98 | 4,101.79 | 1,071.52 |
| Profit After Tax | 161.14 | 184.30 | 213.17 | 54.28 |
| Opening Date | 22/11/2023 |
| Closing Date | 24-11-2023 |
| Basis of Allotment | 28-11-2023 |
| Initiation of Refunds | 29-12-2023 |
| Credit of Shares to Demat | 29-12-2023 |
| Listing Date | 30-12-2023 |
| Expansion in capacity of automotive oil at the company’s Silvassa Plant. |
| Expansion in capacity of petroleum jelly and accompanying cosmetic product division at the company’s Taloja Plant. |
| Expansion in capacity of white oils by installing blending tanks at the company’s Taloja Plant. |
| Registered Office | Gandhar Oil Refinery India Limited 18th floor, DLH Park, S.V. Road Goregaon (W), Mumbai 400 062 |
| Phone | +91 22 4063 5600 |
| investor@gandharoil.com | |
| Website | https://gandharoil.com/ |
| Name | Link Intime India Private Ltd |
| Phone | +91-22-4918 6270 |
| gandharoil.ipo@linkintime.co.in | |
| Website | https://linkintime.co.in/mipo/ipoallotment.html |
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
| Share Holding Pre Issue (Promoters) | 87.50% |
| Share Holding Post Issue (Promoters) | 64.63% |