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Gandhar Oil IPO

Gandhar Oil Refinery (India) IPO

  • Status: Closed
  • RHP:
  • โ‚น 14,080 / 88 shares

    Minimum Investment

IPO Details

  • Open Date

    22 Nov 2023

  • Close Date

    24 Nov 2023

  • IPO Price Range

    โ‚น 160 to โ‚น 169

  • IPO Size

    โ‚น 500.69 Cr

  • Listing Exchange

    BSE, NSE

  • Listing Date

    05 Dec 2023

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IPO Timeline

Gandhar Oil Refinery (India) IPO Subscription Status

Last Updated: 29 November 2023 11:19 AM by 5Paisa

Gandhar Oil Refinery Limited IPO is all set to open from 22nd November to 24th November 2023. The company produces white oil which is used in healthcare as well as consumer products. The IPO includes a fresh issue of 17,869,822 shares worth โ‚น302.00 cr and an Offer for Sale (OFS) of 11,756,910 equity shares worth around โ‚น198.69 cr. The total IPO size is โ‚น500.69 cr. The share allotment date is 30th November, and the IPO will be listed on 5th December on the stock exchanges. The price band is โ‚น160 to โ‚น169 per share and the lot size is 88 shares. ย  ย 

Nuvama Wealth Management Limited and ICICI Securities Limited are the book-running lead managers for this IPO, while Link Intime India Private Limited is the registrar.ย 

Objectives of Gandhar Oil Refinery IPO:

The company will utilise the funds raised from fresh issues for:

โ—ย ย  ย To invest, repay or pray the loan availed by Texol from BoB
โ—ย ย  ย To fund capital expenditure for the purchase of equipment and civil work for expansions at different plantsย 
โ—ย ย  ย For working capital requirementsย 
โ—ย ย  ย General corporate purposes.ย 
ย 

Gandhar Oil IPO Video:

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Gandhar Oil Refinery produces white oil which is used in healthcare as well as consumer products. The products are also used in other sectors including industrial, rubber, power, automotive, tyre, and more. The company has its manufacturing facility in India as well as in the United Arab Emirates. Its products are sold in more than 100 nations as of June 2023.ย 

Gandhar Oil Refineryโ€™s portfolio includes 440 products which are spread across the following categories:

โ—ย ย  ย Healthcare and performance oils (โ€œPHPOโ€)
โ—ย ย  ย Personal care
โ—ย ย  ย Lubricants and process and insulating oilsย 

Some of the popular clients that Gandhar Oil Refinery serves are Unilever, Procter & Gamble (โ€œP&Gโ€), Dabur, Unilever, Patanjali Ayurved, Marico, Bajaj Consumer Care, Encube, Emami, and more.ย 

Peer Comparison

โ—ย ย  ย Savita Oil Technologies Ltd
โ—ย ย  ย Apar Industries Ltd
โ—ย ย  ย Panama Petrochem Ltd
โ—ย ย  ย Galaxy Surfactants Ltd
โ—ย ย  ย Privi Speciality Chemicals Ltd
โ—ย ย  ย Rossari Biotech Ltd
โ—ย ย  ย Fairchem Organics Ltd

For More Information:
Gandhar Oil Refinery IPO GMP
Webstory on Gandhar Oil Refinery IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenueย from operations 4079.44 3543.37 2221.00
EBITDA 316.61 245.96 138.76
PAT 213.17 163.58 100.32
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 1613.43 1318.20 1100.93
Share Capital 16.00 16.00 16.00
Total Borrowings 853.23 757.50 656.10
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities 104.38 166.65 118.05
Net cash from / (used in) investing activities -73.42 -115.95 -22.35
Net cash flow from / (used in) financing activities -43.79 -4.13 -91.08
Net increase (decrease) in cash and cash equivalents -12.83 46.57 4.61


Strengths

1.    The company has a leading market share of the Indian white oils market with significant overseas sales, focused on the consumer and healthcare end industries.
2.    It has an extensive and diversified customer base.
3.    The supplier base is comprised of leading oil companies with competitive pricing terms.
4.    The manufacturing facilities are strategically located.
5.     It has in-house R&D capabilities.
6.    Resilient, flexible and scalable business model with a prudent risk management framework.
7.    Financial performance is quite consistent.
8.    Experienced and qualified management team.
 

Risks

1.    Dependency on our personal care, health care and performance oil business division for revenue.
2.    Delays, interruptions or reductions in the supply of raw materials can impact the business.
3.    The company sources most of its base oil and key raw materials from South Korea and the Gulf Co-operation Council region. Volatility in interest rates could adversely affect the business.
4.    Exposed to counterparty credit risk.
5.    Forex rate fluctuations can impact the business. 
6.    High working capital requirements. 
 

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FAQs

The minimum lot size of Gandhar Oil Refinery IPO is 88 shares and the investment required is โ‚น14,080.

The price band of Gandhar Oil Refinery IPO is โ‚น160 to โ‚น169.

The Gandhar Oil Refinery IPO is open from 22nd November to 24th November 2023.
 

The size of Gandhar Oil Refinery IPO is around โ‚น500.69 cr. 

The share allotment date of Gandhar Oil Refinery IPO is 30th of November 2023.

The Gandhar Oil Refinery IPO will be listed on 5th of December 2023.

Nuvama Wealth Management Limited and ICICI Securities Limited are the book-running lead managers for Gandhar Oil Refinery IPO.

The company will utilise the funds raised from fresh issues for:

โ—    To invest, repay or pray the loan availed by Texol from BoB. 
โ—    To fund capital expenditure for the purchase of equipment and civil work for expansions at different plants. 
โ—    For working capital requirements.
โ—    General corporate purposes.
 

To apply for Gandhar Oil Refinery IPO, follow the steps given below:

โ—    Login to your 5paisa account and select the issue in the current IPO section    
โ—    Enter the number of lots and the price at which you wish to apply for the Gandhar Oil Refinery IPO.    
โ—    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
โ—    You will receive a mandate notification to block funds in your UPI app.