Gandhar Oil Refinery IPO – Review, Allotment Status, Subscription, Price, Date & more

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.

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Gandhar Oil Refinery IPO Review & Ratings

Gandhar Oil Refinery IPO Ratings & Review
CriteriaRatings
Industry Sentiments7.0/10
Industry Ranking7.2/10
Company Background7.6/10
Company Reputation7.3/10
Competitive Edge7.2/10
Financial Statements7.6/10
Popularity Index7.0/10
Promoters Reputation7.0/10
Retail Appetite7.1/10
Top Brokers Review7.2/10
Overall Ratings7.2/10
Star Ratings★★★☆☆

 Summary of Gandhar Oil Refinery IPO

Gandhar Oil Refinery IPOThe 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.


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    Gandhar Oil Refinery India Limited IPO date

    The IPO date has not been released yet.

     Gandhar Oil Refinery IPO Subscription

     SUBSCRIPTION
    DAY 1x
    DAY 2x
    DAY 3x
    DAY 4x
    DAY 5x

    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)

     20172016201520142013
    Non-Current Assets 907852751632423
    Current Assets 8,4987,0699,1736,6085,352
    Total Asset 9,4067,9229,9247,2405,776

    Revenue and PAT of the company

    Revenue and Profit (in INR & Millions)

     20172016201520142013
    Revenue 19,640.5615,473.1722,080.5315,699.8912,202.24
    Profit after Tax605.17152.17210.27207.91374.53

    Earnings per Equity Share

    Earnings per Equity Share (in INR & Millions)

     20172016201520142013
    Basic 37.829.5113.96
    Diluted 37.829.5113.96

    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 Sale600,000 Equity Shares aggregating to ` [●] million
    By Ramesh Parekh jointly with Sunita Parekh400,000 Equity Shares
    By Jitendra Parekh jointly with Gulab Parekh200,000 Equity Shares
    Of which:
    Employee Reservation PortionUp to [●] Equity Shares aggregating to ` [●] million
    The Net Offer consists of:Up to [●] Equity Shares aggregating to ` [●] million
    A.  QIB PortionNot more than [●] Equity Shares
      Of which:
        Anchor Investor PortionUp 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 PortionNot less than [●] Equity Shares
    C.   Retail PortionNot 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 ReviewCompany Repu-tationCompe-titive EdgeFinan-cial State-mentPopu-larity IndexPromo-ters Repu-tation
    Angel Broking7.5/107.5/107.5/107.5/107.5/10
    Sharekhan7.2/107.5/107.2/107.5/107.2/10
    Kotak Securities7.4/107.5/107.5/107.5/107.4/10
    ICICI Direct7.4/107.4/107.3/107.5/107.5/10
    IIFL7.5/107.2/107.4/107.0/107.5/10
    Edelweiss7.5/107.5/107.5/107.4/107.2/10
    Zerodha7.5/107.5/107.5/107.5/107.0/10
    5Paisa7.5/107.5/107.5/107.5/107.5/10
    Karvy7.5/107.4/107.2/107.5/107.5/10
    Motilal Oswal7.5/107.5/107.2/107.4/107.2/10

    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.


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        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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