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15 Days Price Change

Gandhar Oil Refinery IPO

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WEBSITE Inc. Year: 1992 Industry: Lubricants Listed Page

Profile
Issue Size --
Profile
Price Range 160  to  169 per share
Profile
Min Investment ₹169
Profile
Lot Size 1
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Face Value ₹2
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Draft Prospectus
Invest Before the IPO Goes Live

Buy unlisted shares early and participate in the growth before public listing.

Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Gandhar Oil Refinery India Limited is a leading producer of white oils. They are amongst the most well-diversified players in the specialty oils and lubricants sector with a wide range of offerings catering to varied industries. By June 30, 2022, the "Divyol" name was used by the corporation to market a range of products, approximately 350 goods, mostly in the personal care, healthcare, and performance oils, lubricants, and process and insulating oils segments such as industrial oil, liquid paraffin, transformer oils, grease, rubber processing oils, automotive lubricants, petroleum jelly and more which Gandhar Oil Refinery is increasingly focusing on the consumer and healthcare end-industries. Read More

Basic Info

Face Value 2 per share

Price 160  to  169 per share

P/E (x) 20.6

Sales( Cr.) 3897

PAT( Cr.) 83

EPS 8.2

Draft Prospectus

Exchange BSE-NSE

Promoter

Company Promoters

Mr Ramesh Babulal Parekh Mr Samir Ramesh Parekh Mr Aslesh Ramesh Parekh

Pre Issue Share Holding 87.5%

Post Issue Share Holding 64.63%

Listing Details:

Listing Price: 295.4

Listing Gain: 42.79%

Current Price: 156

Gain On Issue: 156 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Nov 22, 2023
Closing Date Nov 24, 2023
Allotment Nov 27, 2023
Refund Nov 28, 2023
Delivery of Shares Nov 28, 2023
Listing Date Nov 29, 2023

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 88 14,872
Retail (Max) 13 1144 193,336
S-HNI (Min) 14 1232 208,208
S-HNI (Max) 67 5896 996,424
B-HNI (Min) 68 5984 1,011,296

Objective of the Issue

1. Investment in Texol by way of a loan for financing the repayment/pre-payment of a loan facility availed by Texol from the Bank of Baroda 2. Capital expenditure through purchase of equipment and civil work required for (i) expansion in capacity of automotive oil at the company& amp amp amp amp amp amp amp amp #039 s Silvassa Plant (ii) expansion in the capacity of petroleum jelly and accompanying cosmetic product division at the company& amp amp amp amp amp amp amp amp #039 s Taloja Plant (iii) expansion in capacity of white oils by installing blending tanks at the company& amp amp amp amp amp amp amp amp #039 s Taloja Plant 3. Funding working capital requirements of the Company 4. General corporate purposes.

Issue

Category Nos Bid Bid (x)
QIB 14813366 1911813016 129.1x
NII 10369356 667164365 64.3x
Retail 4444010 133009219 29.9x
EMP 0 0 0x
Total 29626732 1944402421 65.6x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Gandhar Oil Refinery Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 2617 1756 2169 2730 3568 2504 2221 3543 4079 4113 3897
Other Income 9 11 22 20 27 19 27 26 24 14 20
Total Income 2626 1767 2191 2750 3594 2523 2247 3569 4103 4127 3917
Total Expenditure 2531 1680 2051 2606 3496 2449 2086 3297 3762 3838 3728
Operating Profit 96 86 140 145 98 74 161 272 341 290 189
Interest 42 47 31 46 48 50 37 33 52 59 49
Depreciation 8 8 9 10 8 11 11 15 17 20 26
Exceptional Income / Expenses 0 0 0 0 -16 0 0 1 0 0 0
Profit Before Tax 46 31 100 89 27 13 120 225 272 210 114
Provision for Tax 16 5 26 24 8 3 20 62 58 45 31
Profit After Tax 30 26 74 64 19 10 100 164 214 165 83
Adjustments 0 0 0 0 0 0 0 -16 -23 -25 -3
Profit After Adjustments 30 26 74 64 19 10 100 147 191 141 80
Adjusted Earnings Per Share 3.8 3.2 9.3 8.1 2.3 1.2 12.5 18.4 23.9 14.4 8.2

Gandhar Oil Refinery Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 206 228 301 382 384 346 444 541 743 1172 1236
Minority's Interest 0 0 0 0 0 0 0 20 35 51 53
Borrowings 6 12 10 6 3 16 18 34 22 31 28
Other Non-Current Liabilities 5 5 5 2 3 13 9 30 50 69 130
Total Current Liabilities 884 629 792 935 881 632 629 693 781 616 512
Total Liabilities 1100 875 1108 1325 1271 1006 1101 1318 1632 1940 1959
Fixed Assets 62 74 78 96 94 91 86 189 237 360 449
Other Non-Current Assets 8 6 8 11 15 23 40 68 140 28 20
Total Current Assets 1031 795 1021 1218 1162 892 975 1062 1255 1552 1489
Total Assets 1100 875 1108 1325 1271 1006 1101 1318 1632 1940 1959

Gandhar Oil Refinery Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 3 39 23 13 17 6 8 13 60 47 71
Cash Flow from Operating Activities -76 214 -26 185 165 70 118 167 88 -69 15
Cash Flow from Investing Activities -6 -10 -8 -5 1 -24 -22 -116 -72 -66 -48
Cash Flow from Financing Activities 117 -221 24 -175 -176 -45 -91 -4 -29 160 13
Net Cash Inflow / Outflow 36 -17 -10 5 -11 2 5 47 -13 25 -21
Closing Cash & Cash Equivalent 39 23 13 17 6 8 13 60 47 71 51

Gandhar Oil Refinery Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 3.78 3.24 9.29 8.06 2.34 1.23 12.52 18.42 23.86 14.36 8.18
CEPS(Rs) 4.73 4.25 10.36 9.26 3.28 2.55 13.94 22.34 28.84 18.95 11.18
DPS(Rs) 0.4 0.2 0.4 0.4 2 0.9 0.2 5.5 0 0.5 0.5
Book NAV/Share(Rs) 25.75 28.53 37.67 47.73 48.06 43.25 55.56 67.64 92.93 119.76 126.28
Core EBITDA Margin(%) 3.23 4.18 5.29 4.53 2 2.18 6.06 6.96 7.77 6.7 4.34
EBIT Margin(%) 3.28 4.31 5.87 4.91 2.1 2.5 7.06 7.28 7.95 6.55 4.19
Pre Tax Margin(%) 1.73 1.7 4.48 3.22 0.75 0.52 5.41 6.36 6.66 5.11 2.93
PAT Margin (%) 1.13 1.43 3.33 2.35 0.53 0.39 4.51 4.62 5.24 4.02 2.14
Cash Profit Margin (%) 1.41 1.88 3.71 2.7 0.74 0.82 5.02 5.04 5.66 4.51 2.81
ROA(%) 3.25 2.63 7.49 5.3 1.44 0.87 9.51 13.53 14.5 9.26 4.28
ROE(%) 17.48 11.95 28.05 18.86 4.89 2.7 25.33 33.19 33.31 17.26 6.93
ROCE(%) 15.92 13.64 23.22 20.51 12.63 12.82 31.37 42.18 40.21 23.55 11.71
Receivable days 62.99 96.6 81.28 74.21 59.68 76.81 78.42 49.23 44.91 52.58 60.58
Inventory Days 30.49 48.88 39.77 37.28 28.29 31.9 31.51 27 34.74 39.87 42.64
Payable days 55.35 91.33 75.12 78.29 77.89 101.32 96.7 63.4 56.7 48.3 36.89
PER(x) 0 0 0 0 0 0 0 0 0 13.95 17.29
Price/Book(x) 0 0 0 0 0 0 0 0 0 1.67 1.12
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0.25 0.35
EV/Net Sales(x) 0.1 0.11 0.11 0.04 0 0.02 -0.01 -0 0.02 0.46 0.36
EV/Core EBITDA(x) 2.71 2.33 1.75 0.79 0.17 0.62 -0.17 -0.03 0.23 6.51 7.46
Net Sales Growth(%) 51.8 -32.9 23.53 25.86 30.67 -29.82 -11.3 59.55 15.12 0.84 -5.26
EBIT Growth(%) 7.82 -11.05 67.45 2.97 -44.4 -16.56 150.54 64.49 25.72 -16.87 -39.34
PAT Growth(%) -0.87 -14.19 186.27 -13.25 -70.93 -47.37 915.64 63.37 30.78 -22.72 -49.49
EPS Growth(%) -13.94 -14.19 186.27 -13.25 -70.93 -47.37 915.62 47.16 29.53 -39.82 -43.05
Debt/Equity(x) 2.14 1.19 1.08 0.8 0.3 0.38 0.18 0.29 0.23 0.17 0.15
Current Ratio(x) 1.17 1.26 1.29 1.3 1.32 1.41 1.55 1.53 1.61 2.52 2.91
Quick Ratio(x) 0.87 0.9 0.96 0.98 1.03 1.12 1.23 1.06 1.03 1.79 2.01
Interest Cover(x) 2.11 1.65 4.24 2.91 1.55 1.26 4.28 7.91 6.2 4.55 3.32
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0.1 0.13

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -5% 3% 9% 4%
Operating Profit CAGR -35% -11% 21% 7%
PAT CAGR -50% -20% 53% 11%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -9% NA% NA% NA%
ROE Average 7% 19% 23% 18%
ROCE Average 12% 25% 30% 23%

Company Contact Information

Gandhar Oil Refinery (India) Ltd.

18th Floor, D L H Park S. V. Road, Near M T N L Goregaon (West)

IPO Lead Manager(s)

Gandhar Oil Refinery (India) Ltd.

ICICI Securities Ltd

Nuvama Wealth Management Ltd.

Registrar Info

Gandhar Oil Refinery (India) Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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