The Gandhar Oil Refinery IPO is one of the latest IPO from Gandhar Oil Refinery India Limited that is in compliance with the SEBI. Lets have a detailed review of Gandhar Oil Refinery IPO along with in-depth analysis of their IPO release date, IPO offer price, IPO subscription, IPO allotment status, grey market price and other details.
Gandhar Oil Refinery IPO Review & Ratings
| Gandhar Oil Refinery IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 7.0/10 |
| Industry Ranking | 7.2/10 |
| Company Background | 7.6/10 |
| Company Reputation | 7.3/10 |
| Competitive Edge | 7.2/10 |
| Financial Statements | 7.6/10 |
| Popularity Index | 7.0/10 |
| Promoters Reputation | 7.0/10 |
| Retail Appetite | 7.1/10 |
| Top Brokers Review | 7.2/10 |
| Overall Ratings | 7.2/10 |
| Star Ratings | ★★★☆☆ |
Summary of Gandhar Oil Refinery IPO
The Gandhar Oil Refinery located in Maharashtra has plants in Silvassa that is located near the border of Gujarat also. The company had filed its papers for raising an IPO and also got a nod from the SEBI to raise 195 crores out of the IPO.
The company is selling some of its already held shares by its shareholder and also floating some new shares. The stocks will be listed both on BSE and NSE. The oil market is one of the most in-demand markets, one can definitely buy stocks from the Gandhar Oil Refinery.
Subscribe to Gandhar Oil Refinery IPO – Fill up the Form Below
Gandhar Oil Refinery India Limited IPO date
The IPO date has not been released yet.
Gandhar Oil Refinery IPO Subscription
| SUBSCRIPTION | |
| DAY 1 | x |
| DAY 2 | x |
| DAY 3 | x |
| DAY 4 | x |
| DAY 5 | x |
The IPO issue data has not been announced yet. Once the IPO date has been issued, the subscription details will be updated regularly.
Gandhar Oil Refinery IPO Allotment Status
Since the issue date has not been fixed yet, the Allotment Status is not out. The Allotment status will be announced about 3-4 weeks of the IPO issue date.
Gandhar Oil Refinery IPO Price Band
The price band of Gandhar Oil Refinery IPO will be known only after the offer price of the IPO issues is known. One can know about the price band of the IPO in about a week.
The face value of the equity shares released by the company is Rs 10 each. The offer price is calculated [.] times the face value at the Floor Price. The Offer Price can also be calculated[.] times the face value of the Cap price of the Price band.
Gandhar Oil Refinery IPO Issue Size
The issue size of Gandhar Oil Refinnery IPO is around 195 crores (according to sources).
Gandhar Oil Refinery IPO Equity Shares Offerings
The equity shares will be listed after the issues get approval from the SEBI.
Gandhar Oil Refinery India Limited – Company Overview
Gandhar Oil Refinery that is located in Maharashtra is a famous name among the circle for oil and oil-based products. The company is known to manufacture Specialty Oils and Lubricants.
The company also manufactures coal-driven power products. It imports coal from Indonesia and South Africa and distributes here to various industries like cement, paper, power etc.,
The company is also known to export oil to different parts of the world. The company has recently equipped itself with one of the best ERP solutions in the market so that it is easy for the head office to control the activities that occur in the regional offices.
Apart from offices in India, the company also has offices and wholly owned subsidiaries abroad. Gandhar Oil and Energy DMCC that is located in Dubai, United Arab Emirates distributes the oil. Gandhar Global Singapore PTE. LTD.
Also distributes the oil that is refined by Gandhar Oil Refinery. Gandhar Shipping and Logistics Private Limited are involved in the shipping of coal for the coal business that the company is a part of. The plants are located entirely in India and businesses are held all over the world.
Gandhar Oil Refinery India Limited – Financial Statement
Have a look at the Financial Stability of the company before you invest in it.
Asset of the Company
Assets (in INR & Millions)
| 2017 | 2016 | 2015 | 2014 | 2013 | |
| Non-Current Assets | 907 | 852 | 751 | 632 | 423 |
| Current Assets | 8,498 | 7,069 | 9,173 | 6,608 | 5,352 |
| Total Asset | 9,406 | 7,922 | 9,924 | 7,240 | 5,776 |
Revenue and PAT of the company
Revenue and Profit (in INR & Millions)
| 2017 | 2016 | 2015 | 2014 | 2013 | |
| Revenue | 19,640.56 | 15,473.17 | 22,080.53 | 15,699.89 | 12,202.24 |
| Profit after Tax | 605.17 | 152.17 | 210.27 | 207.91 | 374.53 |
Earnings per Equity Share
Earnings per Equity Share (in INR & Millions)
| 2017 | 2016 | 2015 | 2014 | 2013 | |
| Basic | 37.82 | 9.51 | 13.96 | – | – |
| Diluted | 37.82 | 9.51 | 13.96 | – | – |
Thus, one can see that the oil company has grown tremendously in the past few years.
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Gandhar Oil Refinery India Limited – Promoter
The promoter of the company is Ramesh Parekh.
Interest of Promoters
Interest of Promoters in the promotion of the company
The promoter of the company has promoted the company and they have shown interest in their shareholding of the company in the form of equity shares
Interest of promoter in the property of the company
The promoter is not interested in the property of the company, it is only the shareholder of the company who has invested in the firm. Two years before the filing of the draft red herring prospectus of the company, the promoter did not have any interest in the property of the firm.
Interest of promoters in the intellectual property of the company
The promoter does not have any interest in the intellectual property of the company.
Gandhar Oil Refinery India IPO – Basis of Offer Price
Gandhar Oil Refinery India Limited determines its own offer price. The shareholders of the company research the market for the demand for the products as the company has decided to sell off the equity shares. The company consults the BRLMs’ and decides on the basis of the qualitative and the quantitative factors of the company. The face value of the equity shares released by the company is Rs 10 each. The offer price is calculated [.] times the face value at the Floor Price. The Offer Price can also be calculated [.] times the face value of the Cap price of the Price band.
Qualitative Factors
These are some of the qualitative factors that are the reasons why you should buy the issues of this company.
- The company has a diverse business portfolio and that is evident from its customer base.
- The company maintains long-term customer relationships
- There are modern and versatile manufacturing equipment and facilities located strategically
- The presence of a highly active Research and Development Team that encourages innovation of products
- The experienced promoters and the highly efficient management team is one of the USP of the company.
Quantitative Factors
The Quantitative factors are used to compute the offer price of the company
- Basic and Diluted Earnings Per Share (“EPS”)
- Price/Earning (“P/E”) ratio in relation to Price Band of Rs [●] to Rs [●] per Equity Share
- Return on Net Worth (“RoNW”)
- Minimum Return on Increased Net Worth after Offer needed to maintain Pre-Offer EPS
- Net Asset Value (“NAV”) per Equity Share
- Comparison with Listed Industry Peers
- The Offer Price will be [●] times of the face value of the Equity Shares
Gandhar Oil Refinery IPO Offer Details or IPO issue Details
Check the details below for detailed understanding of the Gandhar Oil Refinery IPO offer:
| Offer | [●] Equity Shares aggregating up to ` [●] million |
| Comprising of: | |
| Fresh Issue | [●] Equity Shares aggregating up to ` 1,950 million |
| Offer for Sale | 600,000 Equity Shares aggregating to ` [●] million |
| By Ramesh Parekh jointly with Sunita Parekh | 400,000 Equity Shares |
| By Jitendra Parekh jointly with Gulab Parekh | 200,000 Equity Shares |
| Of which: | |
| Employee Reservation Portion | Up to [●] Equity Shares aggregating to ` [●] million |
| The Net Offer consists of: | Up to [●] Equity Shares aggregating to ` [●] million |
| A. QIB Portion | Not more than [●] Equity Shares |
| Of which: | |
| Anchor Investor Portion | Up to [●] Equity Shares |
| Net QIB Portion (assuming Anchor Investor Portion is fully subscribed) | [●] Equity Shares |
| Of which: | |
| Mutual Fund Portion | [●] Equity Shares |
| Balance for all QIBs including Mutual Funds | [●] Equity Shares |
| B. Non-Institutional Portion | Not less than [●] Equity Shares |
| C. Retail Portion | Not less than [●] Equity Shares |
Gandhar Oil Refinery IPO Lead Managers
| Lead Managers |
| SBI Capital Markets Limited |
Gandhar Oil Refinery India Limited IPO Registrar of the Offer
| Registrar of the Offer |
| Link Intime India Private Limited |
Gandhar Oil Refinery IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Repu-tation | Compe-titive Edge | Finan-cial State-ment | Popu-larity Index | Promo-ters Repu-tation |
| Angel Broking | 7.5/10 | 7.5/10 | 7.5/10 | 7.5/10 | 7.5/10 |
| Sharekhan | 7.2/10 | 7.5/10 | 7.2/10 | 7.5/10 | 7.2/10 |
| Kotak Securities | 7.4/10 | 7.5/10 | 7.5/10 | 7.5/10 | 7.4/10 |
| ICICI Direct | 7.4/10 | 7.4/10 | 7.3/10 | 7.5/10 | 7.5/10 |
| IIFL | 7.5/10 | 7.2/10 | 7.4/10 | 7.0/10 | 7.5/10 |
| Edelweiss | 7.5/10 | 7.5/10 | 7.5/10 | 7.4/10 | 7.2/10 |
| Zerodha | 7.5/10 | 7.5/10 | 7.5/10 | 7.5/10 | 7.0/10 |
| 5Paisa | 7.5/10 | 7.5/10 | 7.5/10 | 7.5/10 | 7.5/10 |
| Karvy | 7.5/10 | 7.4/10 | 7.2/10 | 7.5/10 | 7.5/10 |
| Motilal Oswal | 7.5/10 | 7.5/10 | 7.2/10 | 7.4/10 | 7.2/10 |
Gandhar Oil Refinery IPO Grey Market Premium
The Gandhar Oil Refinery India Limited IPO Grey Market Pricing will be posted 2 weeks before the price of the issue is announced.
Subscribe to Gandhar Oil Refinery IPO – Fill up the Form Below
Subscribe to Gandhar Oil Refinery IPO – Fill up the Form Below
Gandhar Oil Refinery India Limited IPO News
News 1 – Public Issues : Gandhar Oil Refinery India Limited Offer Documents filed with SEBI
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