Gandhar Oil Refinery India IPO
Basic information about the company: Gandhar Oil Limited stands as a key player in the manufacturing of white oils, catering to the consumer and healthcare industries. This article delves into the company's offerings, global reach, and its upcoming Initial Public Offering (IPO) scheduled for 22 to 24 November 2023. Under the brand name "Divyol," the company boasts an impressive range of over 350 products. These products are categorized into personal care, healthcare and performance oils (PHPO), lubricants, and process and insulating oils (PIO). The versatility of these offerings makes Gandhar Oil a vital supplier to various sectors, including consumer goods, healthcare, automotive, industrial, power, tyre, and rubber. Gandhar Oil Limited has extended its footprint to 100 countries worldwide. The company takes pride in serving more than 3500 clients, including industry giants like Procter & Gamble, Unilever, Marico, Dabur, and Patanjali Ayurved. This global reach highlights the trust and reliance placed on Gandhar Oil's products by leading companies.
Objects of the Issue (Gandhar Oil Refinery India IPO Objectives)
The upcoming IPO by Gandhar Oil comprises a Fresh Issue and an Offer for Sale. The Net Proceeds from the Fresh Issue will be allocated to various objectives, including investment in Texol, capital expenditure for plant expansions, and funding working capital requirements. This strategic allocation emphasizes the company's commitment to growth and sustainability.
Promoter Holding
Gandhar Oil Refinery India is backed by prominent promoters—Mr. Ramesh Babulal Parekh, Mr Samir Ramesh Parekh, and Mr Aslesh Ramesh Parekh. The pre-issue shareholding stands at 87.50%, while post-issue, will be 64.63%. This indicates a robust promoter commitment to the company's future endeavours.
Gandhar Oil Refinery India IPO: Key Details
IPO Date: 22 to 24 November 2023
Price Band: ₹160 to ₹169 per share
Lot Size: 88 Shares
Total Issue Size: 500.69 Crs
Retail Quota: 35%
Gmp: +20% (only for information) Link for checking Allotment status: https://linkintime.co.in/mipo/ipoallotment.html Join our WhatsApp Group for Trading/Investment ideas & Market Updates👇
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