IPO) of Gandhar Oil Refinery will open for subscription on November 22. The issue closes on November 24.
The company's shares are expected to get listed on both the exchanges. Here are 10 things to know about the offer.
What is the business overview of Gandhar Oil Refinery? Gandhar Oil is a leading manufacturer of white oils with a growing focus on the consumer and healthcare end-industries. Its product suite comprised over 350 products primarily across the personal care, healthcare and performance oils, lubricants and process and insulating oils divisions under the Divyol brand.
What is the industry overview of Gandhar Oil Refinery? The global specialty oil market value, estimated at $129.90 billion in 2023, is expected to grow to $154 billion by 2028, at a CAGR of 3.5%. The Indian specialty oil market is estimated to be $7.33 billion in 2023 and reach $9.30 billion by 2028, at a CAGR of 4.9%.
What is the size of Gandhar Oil Refinery IPO? The offer comprises a fresh equity issue of Rs 357 crore and an offer for sale (OFS) of Rs 143 crore.
Who are the selling shareholders under OFS? Under the OFS, promoter selling shareholders Kailash Parekh, Gulab Parekh, and other selling shareholders Green Desert Real Estate, Fleet Line Shipping among others will offload shares.
What is the price band for Gandhar Oil Refinery IPO? The price band of this public issue is fixed at Rs 160-169.
What is the structure of Gandhar Oil Refinery IPO? About 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors and 15% for non-institutional investors.
How is the financial performance of Gandhar Oil Refinery? The company has clocked revenue of Rs 1070 crore in the June quarter and net profit was at Rs 44.8 crore.
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