Gandhar Oil is a leading manufacturer of white oils by revenue with a growing focus on the consumer and healthcare end-industries (Source: CRISIL Report). As of June 30, 2022, our product suite comprised over 350 products primarily across the personal care, healthcare and performance oils (“PHPO”), lubricants and process and insulating oils (“PIO”) divisions under the “Divyol” brand. Our products are used as ingredients by leading Indian and global companies for the manufacture of end products for the consumer, healthcare, automotive, industrial, power and tyre and rubber sectors.
They have completed rigorous selection processes for securing business from several of our customers and have been able to maintain high customer loyalty. Our customer engagement, relationships and the quality and other certifications awarded to our manufacturing facilities demonstrate the quality of our products and our capabilities.
Their relationships with our customers have contributed to our growth and performance in the last three Financial Years and according to the CRISIL Report, such long-term relationships with customers are one of the barriers to entry in our industry
Competitive Strengths –
(i) Leading market share of the Indian white oils market with significant overseas sales, focused on the consumer and healthcare end-industries
(ii) Extensive and diversified customer base and a supplier base comprised of leading oil companies with competitive pricing terms
(iii) Strategically located manufacturing facilities and in-house R&D capabilities
(iv) Resilient, flexible and scalable business model with prudent risk management framework
(v) Track record of consistent financial performance
(v) Experienced and qualified management team
Objects of the Gandhar Oil Refinery India Ltd IPO:
The Company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
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 our Silvassa Plant
(ii) expansion in capacity of petroleum jelly and accompanying cosmetic product division at our Taloja Plant
(iii) expansion in capacity of white oils by installing blending tanks at our Taloja Plant
3. Funding working capital requirements of our Company
4. General corporate purposes.
The Total number of shares are issues: -
i) Fresh Issue is 17,869,822 shares,
ii) Offer for Sale is 11,756,910 shares.
Gandhar Oil Refinery India Ltd IPO Details:
|Nov 22 2023
|Nov 24 2023
| ₹ 2 Per Equity Share
| ₹ 160 to ₹169 Per Equity Share
|Dec 04 2023
Discussion on Gandhar Oil Refinery India Ltd IPO: