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GANDHAREQ / NSE, BSEListed
Gandhar Oil Refinery India

Gandhar Oil Limited is a leading manufacturer of white oils used mainly in consumer and healthcare industries, offering over 350 products under the brand name “Divyol”. Their products are key ingredients for many end products in sectors like consumer goods, healthcare, automotive, industrial, power, tyre, and rubber. The company serves both Indian and global markets, supplying to more than 100 countries as of June 2022. Gandhar Oil has over 3,500 clients worldwide, including well-known brands like P&G, Unilever, Marico, Dabur, Patanjali Ayurved, Bajaj Consumer Care, Emami, Encube, and Amrutanjan Healthcare.

DRHPANCHOR
₹160 - ₹16964.07x sub
Listed Price₹298.00
Listing Gain+76.33%

IPO Schedule & Timeline

Book Built Issue IPO
Open22 Nov 2023
Close24 Nov 2023
Allotment29 Nov 2023
Listing30 Nov 2023

Quota Reservation & Application Lots

Quota Reservation (% Shares)

QIB1,48,13,365 shares
50%
Nii (hni)44,44,010 shares
15%
Retail1,03,69,357 shares
35%

Minimum Application Lots

Retail1 Lot (88 shares)
₹14,872
sHNI14 Lots (1,232 shares)
₹2,08,208
bHNI68 Lots (5,984 shares)
₹10,11,296

Company Promoters

Mr Ramesh Babulal ParekhMr Samir Ramesh ParekhMr Aslesh Ramesh Parekh

Company Background

Gandhar Oil Limited is a leading manufacturer of white oils used mainly in consumer and healthcare industries, offering over 350 products under the brand name “Divyol”. Their products are key ingredients for many end products in sectors like consumer goods, healthcare, automotive, industrial, power, tyre, and rubber. The company serves both Indian and global...

Lead Managers & Bankers

Edelweiss Financial Services LimitedICICI Securities Limited

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Jun 2023)₹1071.52 Cr
Growth-48.2%
Revenue Trend (₹ in Crores)
0.01.6k3.1k4.7kMar 2021Mar 2022Mar 2023Jun 2023
PeriodRev (Cr)PAT (Cr)AssetsDebt
Jun 20231,071.5254.281,795.57335.62
Mar 20234,101.79213.181,613.44169.53
Mar 20223,397.98184.301,318.21158.16
Mar 20212,069.58161.141,097.70176.78

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Values23.7732.28%41.19%06.16

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Link Intime India Private Limited

Allotment Finalized
Allotment Date
29 Nov 2023
Official Status
Out / Finalized
Registrar
Link Intime India Private Limited
Listing Date
30 Nov 2023

Official Allotment Verification Links

Official Registrar Portal
Link Intime India Private Limited

Direct allotment verification on the official registrar portal appointed for Gandhar Oil Refinery India. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization29 Nov 2023Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date30 Nov 2023Trading commences on exchange

How to Check Gandhar Oil Refinery India Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Gandhar Oil Refinery India from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Official FilingDRHP
Official FilingANCHOR

Allotment FAQs & Help

About Gandhar Oil Refinery India IPO

Complete issue overview for Gandhar Oil Refinery India (GANDHAR) IPO. The issue features an equity share price band of ₹160 – ₹169 per share with a minimum retail lot size of 88 Shares (minimum application amount of ₹14,872). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions