Gandhar Oil Refinery India Limited IPO | Gandhar Oil Refinery IPO Review | Apply or Avoid?
In today's video, our research analyst, T Manish, shares a complete overview of the company, its business, and the ongoing IPO.
So, watch the video to know if the IPO is worth investing in.
IPO Details:
IPO Date: 22nd Nov to 24th Nov 2023
Face Value: ₹ 2/- per share
Price Band: ₹ 160 to ₹ 169 per share
Lot Size: 88 shares and in multiples thereof
Issue Size: ₹ 500 crores
Fresh Issue: ₹ 302 Crores
OFS: ₹ 198 Crores
Expected Post Issue Market Cap (At upper price band): ₹ 1,654 crores
🌐 Kindly read our view on the IPO by clicking on the link -: https://rb.gy/tgbgtu
About Company:
Leading manufacturer of white oils by revenue with a growing focus on the consumer and healthcare end industries. It manufactures products under the brand name “Divyol”.
Gandhar mainly operates under 3 divisions: a) Personal care, Healthcare, and Performance oils (PHPO) b) Lubricants c) Process & Insulating Oils (PIO)
The company has strategically transformed its line of operations from trading non-coking coal to manufacturing and trading specialty oils.
They currently operate with 3 strategically located manufacturing facilities, two plants located in Western India and one plant located in Sharjah, UAE for easy accessibility to global oil supply routes as well as major markets.
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