Gandhar Oil Refinery (India) IPO Details

Open Date

22 Nov 2023

24 Nov 2023


₹ 500.69 Cr

Lot Size

IPO Size

Listing At


Listing  Date

Price Range

₹ 160 to ₹ 169

Close Date

Allotment Date

30 Nov 2023

05 Dec 2023

IPO Details

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. 

About the Company

The company will utilise the funds raised from fresh issues for:    • To invest, repay or pray the loan availed by Texol from BoB.    • To fund capital expenditure for the purchase of equipment and civil work for expansions at different plants.    • For working capital requirements    • General corporate purposes. 


The book-running lead managers to the offer are: Nuvama Wealth Management Ltd ICICI Securities Ltd

Book Runners

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