Gandhar Oil Refinery (India) Limited
| Opening Date | Closing Date | Face Value | Issue Price | Lot Size | Listing At | Total Issue Size | Basis of Allotment | Initiation of Refunds | Credit of Shares to Demat | Listing Date |
|---|---|---|---|---|---|---|---|---|---|---|
| 21-11-2023 | 23-11-2023 | ₹2 per share | 160 | 88 Shares | BSE SME | 29,626,732 shares (aggregating up to ₹500.69 Cr) | 2023-11-29 18:30:00 | 2023-11-30 18:30:00 | 2023-12-03 18:30:00 | 04-12-2023 |
About The Company
Gandhar Oil Refinery India IPO is a book built issue of Rs 500.69 crores. The issue is a combination of fresh issue of 1.79 crore shares aggregating to Rs 302.00 crores and offer for sale of 1.18 crore shares aggregating to Rs 198.69 crores.
Gandhar Oil Refinery India IPO opens for subscription on November 22, 2023 and closes on November 24, 2023. The allotment for the Gandhar Oil Refinery India IPO is expected to be finalized on Thursday, November 30, 2023. Gandhar Oil Refinery India IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, December 5, 2023.
Gandhar Oil Refinery India IPO price band is set at ₹160 to ₹169 per share. The minimum lot size for an application is 88 Shares. The minimum amount of investment required by retail investors is ₹14,872. The minimum lot size investment for sNII is 14 lots (1,232 shares), amounting to ₹208,208, and for bNII, it is 68 lots (5,984 shares), amounting to ₹1,011,296.
Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrow |
|---|---|---|---|---|---|---|
| 29-06-2023 | 1796 | 1072 | 54 | 810.79 | 763.99 | 335.62 |
| 30-03-2023 | 1613 | 4102 | 213 | 760.21 | 719.19 | 169.53 |
| 30-03-2022 | 1318 | 3398 | 184 | 560.71 | 529.07 | 158.16 |
| 30-03-2021 | 1098 | 2070 | 161 | 375.76 | 355.68 | 176.78 |
IPO Subscription Status
| Category | Subscription Times |
|---|---|
| Anchor Investors | 1 |
| Qualified Institutions | 1.34 |
| Non-Institutional Buyers | 6.20 |
| Retail Investors | 5.89 |
| Total ** | 4.66 |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 88 | 14872 |
| Retail (Max) | 13 | 1144 | 193336 |
| S-HNI (Min) | 14 | 1232 | 208208 |
| S-HNI (Max) | 67 | 5896 | 996424 |
| B-HNI (Min) | 68 | 5984 | 1011296 |
IPO Listing Details
| Listing Date | 04-12-2023 |
| BSE Script Code | N/A |
| NSE Symbol | N/A |
| ISIN | N/A |
| Final Issue Price | 0 |
Promoter holdings
Mr. Ramesh Babulal Parekh, Mr. Samir Ramesh Parekh and Mr. Aslesh Ramesh Parekh.
Contact Information of the Company
Gandhar Oil Refinery (India) Limited
18th floor, DLH Park,
S.V. Road
Goregaon (W), Mumbai 400 062
Phone: +91 22 4063 5600
Email: investor@gandharoil.com
Website: https://gandharoil.com/
IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: gandharoil.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
IPO Lead Manager
ICICI Securities Limited Nuvama Wealth Management Limited