58  Total SME IPOs listed in 2025

2,593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

Gandhar Oil Refinery (India) Limited IPO (Gandhar Oil Refinery (India) IPO) Details

Gandhar Oil Refinery (India) Limited is an Chemical based company, located in Mumbai, Gandhar Oil Refinery (India) Limited IPO size was 500.69 Cr. and was issued at 169.00 per share. The share of Gandhar Oil Refinery (India) Limited were listed at 301.50 per share and are currently trading at 148.56 per share.

Type :
Sub Sector : Manufacturer Of White Oils Catering To Personal And Healthcare
MainBoard IPO

Financial Summary (at the time of ipo, on annualised basis)

Revenue :
4286.08 Cr.

PAT :
217.12 Cr.

Pricing Report

Issue Price :
169.00

Listing Price :
301.50

Current Market Price :
148.56

Issue Price vs CMP :
20.44 (12.09%)

listing Price vs CMP :
152.94 (50.73%)

Performance Report (CAGR* wise)

CAGR : -8.88
-ve 0 6 9 12+
Below Average

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

*Stock splits/Reverse Stock Split are adjusted in Issue price while calculating CAGR and current performance.

About Gandhar Oil Refinery (India)

Company Information
Gandhar Oil Refinery (India) Limited is a leading manufacturer of white oils by revenue, with a growing focus on the consumer and healthcare sectors, as per the CRISIL Report. As of June 30, 2022, its product portfolio included over 350 products across the personal care, healthcare and performance oils (PHPO), lubricants, and process and insulating oils (PIO) divisions under the "Divyol" brand. Its products are used as ingredients by prominent Indian and global companies in industries such as consumer goods, healthcare, automotive, industrial, power, and tyre and rubber. The white oil market is the fastest-growing segment in the specialty oils sector, and the company holds the position of India's largest white oil manufacturer by revenue for FY 2022, with both domestic and international sales. It
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Object of Issue
  • Investment in Texol by way of a loan for financing the repayment/pre-payment of a loan facility availed by Texol from the Bank of Baroda
  • Capital expenditure through the purchase of equipment and civil work required for (i expansion in the capacity of automotive oil at the company's Silvassa Plant (ii expansion in the capacity of petroleum jelly and accompanying cosmetic product division at the company's Taloja Plant and (iii expansion in capacity of white oils by installing blending tanks at the company's Taloja Plant
  • Funding working capital requirements of the Company
  • General Corporate Purposes

Gandhar Oil Refinery (India) MainBoard IPO Details (at the time of IPO)

IPO Type :
Book Building
IPO Date :
Nov, 2023
IPO Size :
500.69 Cr.
Market Cap :
1654.00 Cr.   
IPO Subscription :
65.63 X     
PE Multiple :
10.25
Merchant Banker :
ICICI Securities Limited
IPO Registrar:
Link Intime India Private Limited
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FAQs

Gandhar Oil Refinery (India) operates in Chemical and Manufacturer Of White Oils Catering To Personal And Healthcare. The Issue is listed on BSE,NSE in Nov, 2023. Gandhar Oil Refinery (India) IPO size was 500.69 Cr. with Issue price of 169.00 .

Merchant Banker(s) of Gandhar Oil Refinery (India) IPO: ICICI Securities Limited , Nuvama Wealth Management Limited

Gandhar Oil Refinery (India) IPO subscription was 65.63 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Gandhar Oil Refinery (India) IPO listed at a listing price of 301.50 against the offer price of 169.00.

The current market price of Gandhar Oil Refinery (India) is 148.56.

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