Gandhar Oil Refinery (india) Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Gandhar Oil Ref.

CMP

204.31

-1.82 (-0.88%)

  • DRHP
₹169

Offer Price

₹ 500.69 Cr

Issue Size

₹ 14,872

Min Investment

64.07x

Times Subscribed

88

Lot size

Time Line

  • 22
    Nov 2023
    Open
  • 24
    Nov 2023
    Close
  • 28
    Nov 2023
    Finalisation of Basis of Allotment
  • 29
    Nov 2023
    Initiation of Refunds
  • 29
    Nov 2023
    Transfer of Shares to Demat Account
  • 30
    Nov 2023
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Enhanced focus on the consumer and healthcare end-industries.

  • Continue to increase overseas sales by strategically expanding product offerings.

  • Strengthen its customer base by growing existing customer business and acquiring new customers.

  • Strengthen its manufacturing and R&D capabilities.

Products & Services

  • Gandhar Oil Refinery (India) Limited is a leading manufacturer of white oils by revenue with a growing focus on the consumer and healthcare end-industries.

Strengths

  • Leading market share of the Indian white oils market with significant overseas sales, focused on the consumer and healthcare end-industries.

  • Extensive and diversified customer base and a supplier base comprised of leading oil companies with competitive pricing terms.

  • Strategically located manufacturing facilities and in-house R&D capabilities.

  • Resilient, flexible and scalable business model with prudent risk management framework.

  • Track record of consistent financial performance.

Risks

  • The company depends significantly on its personal care, health care and performance oil business division and downturns in the industries addressed by this business division or an inability to manage sales by the business division effectively leading to any reduction in revenue from this division could adversely affect its business, financial condition and results of operations.

  • The company is subject to strict quality requirements and standards and inspections and the success and acceptance of its products by its customers is largely dependent on its ability to meet such quality requirements and standards. Its failure to comply with the quality standards and technical specifications prescribed by such customers may lead to a loss of business from such customers and could negatively impact its reputation, which would have an adverse impact on its business prospects and results of operations.

  • Its inability to effectively manage its growth and expansion or to successfully implement the company`s business plan and growth strategy, including in relation to the expansion of its manufacturing plants, could have an adverse effect on its business, results of operations and financial condition.

  • Delays, interruptions or reduction in the supply of raw materials to manufacture its products and abrupt fluctuations in the prices of its raw materials may adversely affect the company`s business, results of operation, financial condition and cash flows.

  • The company is exposed to counterparty credit risk and any delay in, or non-receipt of, payments may adversely affect itsr cash flows and results of operations.

Company Promoters

Promoters Holding

Issue For IPO
7.76%
Pre Holding

42.50%

Post Holding

34.74%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 3,543.37 (59.50%) 4,079.44 (15.10%) 32.28 (-)
Gross Profit 3,543.37 (59.50%) 4,079.44 (15.10%) 32.28 (-)
Net Income 3,543.37 (59.50%) 4,079.44 (15.10%) 32.28 (-)
Assets 3,543.37 (59.50%) 4,079.44 (15.10%) 32.28 (-)
Liabilities 3,543.37 (59.50%) 4,079.44 (15.10%) 32.28 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Gandhar Oil Refinery (India) Ltd 4,079.44 190.12 983.67 258.37 32.28 23.77 90.66 1.99 0.22
Savita Oil Technologies Ltd 3,630.44 225.70 2,263.70 2,263.70 15.57 32.66 209.70 9.97 0.00
Apar Industries Ltd 14,352.15 637.72 8,217.65 8,217.65 28.51 166.64 584.37 7.76 0.14
Panama Petrochem Ltd 2,248.72 232.97 1,234.78 1,234.78 24.46 38.51 157.37 18.86 0.00
Galaxy Surfactants Ltd 4,445.24 380.98 2,734.45 2,734.45 20.23 107.46 531.04 13.93 0.14
Privi Speciality Chemicals Ltd 1,607.82 22.21 2,391.11 2,391.11 2.67 5.45 213.88 0.92 1.28
Rossari Biotech Ltd 1,655.88 107.26 1,367.56 1,367.56 11.71 19.38 165.93 7.84 0.08
Fairchem Organics Ltd 648.04 43.50 342.41 342.41 16.77 33.41 199.11 12.70 0.19

Book Running Managers

  • Nuvama Wealth Management Ltd
  • ICICI Securities Ltd

Registrar & Transfer Agent

Link Intime India Pvt Ltd

C-101 247 Park,
L B S Marg,
Vikhroli West - Mumbai-400083
Phone : 91-22-49186000 Fax: 91-22-49186060

Company Contact Information

18th Floor DLH Park S V Road,
Goregaon (West),
Mumbai - 400062
Phone : 91-22 4063 5600 Email : investor@gandharoil.com www.gandharoil.com

Offer Related Information

Initial public offering of 29,626,732* equity shares of face value of Rs. 2 each ("Equity Shares") of Gandhar Oil Refinery (India) Limited (the "Company" or the "Issuer") for cash at a price of Rs. 169 per equity share (including a premium of Rs. 167 per equity share) (the "Offer Price") aggregating to Rs. 500.69* crores (the "Offer") comprising a fresh issue of 17,869,822* equity shares by the company aggregating to Rs. 302.00* crores (the "Fresh Issue") and an offer for sale of 11,756,910... More

News

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