Gandhar Oil Refinery India IPO opens: Check out 10 key points from RHP
₹500.69 crore from the public offer. The company had filed its draft red herring prospectus in December 2022 and received market regulator Securities & Exchange Board of India’s (SEBI) approval in June this year. Gandhar Oil Refinery India has a leading market share in the Indian white oil market with significant overseas presence.
Gandhar Oil Refinery India IPO is a book built issue of ₹500.69 crores. Here are 10 key things to know from Gandhar Oil Refinery India IPO RHP: Gandhar Oil Refinery India is a manufacturer of white oils that caters to the consumer and healthcare end-industries. The company offers an extensive range of over 350 products primarily falling under three categories - personal care, healthcare and performance oils (PHPO), lubricants, and process and insulating oils (PIO) - under the brand name “Divyol".
The company catered to 100 countries across the globe, as of June 2022. It served more than 3,500 clients including companies like Procter & Gamble (P&G), Unilever, Marico, Dabur, Encube, Patanjali Ayurved, Bajaj Consumer Care, Emami and Amrutanjan Healthcare. Read here: Gandhar Oil IPO opens on November 22, price band set at ₹160-169 per share Gandhar Oil IPO opens for subscription on Wednesday, November 22, and closes on Friday, November 24.
The IPO comprises a fresh issue of 1.79 crore shares aggregating to ₹302 crore and an offer for sale (OFS) of 1.18 crore shares aggregating to ₹198.69 crore. Gandhar Oil IPO price band has been set at ₹160 to ₹169 per share. The IPO lot size is 88 shares and the minimum investment amount required by retail investors is ₹14,872.
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