ETMarkets.com- What is the business overview of Gandhar Oil Refinery?
Gandhar Oil is a leading manufacturer of white oils with a growing focus on the consumer and healthcare end-industries. Its product suite comprised over 350 products primarily across the personal care, healthcare and performance oils, lubricants and process and insulating oils divisions under the Divyol brand. - What is the industry overview of Gandhar Oil Refinery?
The global specialty oil market value, estimated at $129.90 billion in 2023, is expected to grow to $154 billion by 2028, at a CAGR of 3.5%. The Indian specialty oil market is estimated to be $7.33 billion in 2023 and reach $9.30 billion by 2028, at a CAGR of 4.9%. - What is the size of Gandhar Oil Refinery IPO?
The offer comprises a fresh equity issue of Rs 357 crore and an offer for sale (OFS) of Rs 143 crore. - Who are the selling shareholders under OFS?
Under the OFS, promoter selling shareholders Kailash Parekh, Gulab Parekh, and other selling shareholders Green Desert Real Estate, Fleet Line Shipping among others will offload shares. - What is the price band for Gandhar Oil Refinery IPO?
The price band of this public issue is fixed at Rs 160-169. - What is the structure of Gandhar Oil Refinery IPO?
About 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors and 15% for non-institutional investors. - How is the financial performance of Gandhar Oil Refinery?
The company has clocked revenue of Rs 1070 crore in the June quarter and net profit was at Rs 44.8 crore. - What are the objects of Gandhar Oil Refinery IPO?
The net proceeds from fresh issuance worth Rs 357 crore will be used towards financing the repayment/pre-payment of a loan facility, purchase of equipment and civil work, expansion in capacity of automotive oil, petroleum jelly, white oils by installing blending tanks, funding working capital requirements and general corporate purposes. - What is the current GMP of Gandhar Oil Refinery?
According to market analysts, the current GMP of Gandhar Oil Refinery is Rs 61 in the unlisted market. - Who are the book running lead managers for Flair Writing IPO?
Edelweiss Financial Services and ICICI Securities are the book running lead managers to the issue.
Tuesday, 21 Nov, 2023
- Digital View
- Print View
- Wealth Edition
Strictures Leave IPO Financing at a Dead EndThe initial public offering (IPO) market is red hot, with five issues worth ₹7,400 crore opening for subscription this week, but enthusiasm is muted among finance companies that have historically lent to bidders in such share sales.
All in a Weekend: Altman Gets MS Office, OpenAI a New BossOpenAI co founder Sam Altman is joining Microsoft as the head of a new AI research group while ex-Twitch boss Emmett Shear is set to take over as the interim CEO of the ChatGPT maker, in a surprise turn of events for the startup at the heart of an artificial intelligence boom.
CVs Set for Heavy-Duty FY24 SalesSales of commercial vehicles, a barometer of economic activity, are expected to hit an all-time high in FY24, fetching record revenue for companies such as Tata Motors, Ashok Leyland and VE Commercial Vehicles.
Read More News on
Download The Economic Times News App to get Daily Market Updates & Live Business News.
Top Trending Stocks: Sensex Today Live, SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
Get Unlimited Access to The Economic Times 
