Gandhar Oil Refinery IPO

Gandhar Oil Refinery Limited

₹14,080 /88 sharesMinimum Investment

Gandhar Oil Refinery IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
22 Nov ‘23 - 24 Nov ‘23₹14,08088₹160 - ₹169
Issue SizeIPO Doc
500.00Cr
RHP PDF

Subscription rate

Qualified Institutional Buyers129x
Non-Institutional Investor62.23x
Retail Individual Investor28.94x
Employees0x
Total64.06x

About Gandhar Oil Refinery

Gandhar Oil Refinery is a producer of white oils, focusing on the consumer and healthcare sectors. Their product range includes more than 350 items, mainly falling under personal care, healthcare, performance oils (PHPO), lubricants, and process and insulating oils (PIO) under the brand name 'Divyol.' Gandhar Oil Refinery was India's largest white oil manufacturer by revenue for 2022. As of June 30, 2022, its products reached more than 100 countries worldwide, serving over 3,500 customers, including major companies like Procter & Gamble, Unilever, Marico, Dabur, Encube, Patanjali Ayurved, Bajaj Consumer Care, Emami, and Amrutanjan Healthcare.;
Founded in
1992
Managing director
Mr. Ramesh Babulal Parekh
Parent organisation
Gandhar Oil Refinery Limited

Strengths & Financials of Gandhar Oil Refinery

Strengths
Risks
Gandhar Oil Refinery has experienced growth in its pro forma consolidated revenue from finished goods sold, achieving a CAGR of 42.41% over the past three years. In 2022, the PHPO division was the major contributor, accounting for 53.50% of the revenue.
With a substantial overseas presence in over 100 countries, the company achieved 43.91% of its revenue from overseas sales in the quarter ended June 30, 2022. The revenue from overseas sales has grown at a CAGR of 53.74% over the last three years.
Gandhar Oil Refinery's success is also reflected in its extensive customer base, serving 3,529 Indian and global companies in 2022. Key customers include P&G, Unilever, Marico, and others in the PHPO division, while the lubricants division caters to Gulf Oil and Adani Ports.
Operating three manufacturing facilities, Gandhar Oil Refinery has a combined annual production capacity of approximately 497,403 kL as of June 30, 2022, with an R&D facility supporting manufacturing activities.
Financially, the company has demonstrated impressive performance, with a PAT recording the highest CAGR among select specialty chemical peers. The RoE in 2022 was 39.4%, the highest among selected specialty oil and specialty chemical peers.

Gandhar Oil Refinery Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Gandhar Oil Refinery IPO

Apply asPrice bandApply upto
Regular160 - 169₹2 Lakh
High Networth Individual160 - 169₹2 - 5 Lakh
For Gandhar Oil Refinery IPO, eligible investors can apply as Regular.
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