Gandhar Oil Refinery India IPO Review, Date, Price, GMP

Gandhar Oil Refinery India is a leading manufacturer of oils, in terms of revenue with a growing emphasis on the consumer and healthcare sectors. As of June 30, 2022, their product range consists of more than 350 items primarily used in care, healthcare, and performance oils (“PHPO”) as well as lubricants and process and insulating oils (“PIO”). These Divyol branded products are components for manufacturing end products in industries, like consumer goods, healthcare, automotive, industrial, power generation, and tire/rubber production.

The products of Gandhar Oil Refinery, in India are sold in than 100 countries across the globe. They serve a customer base of over 3,500 including known companies, like Procter & Gamble Unilever, Marico, and Dabur.

The Company’s manufacturing operations, strategically located in India and the UAE, adhere to stringent standards and specifications prescribed by customers in the specialty oils sector. Enduring relationships with leading Indian and global companies underscore the Company’s ability to meet these requirements, recognized as a significant barrier to entry into the industry.

As of June 30, 2022, the company’s product offerings encompassed over 350 items. The manufacturing portfolio includes white oils, jellies, wax, automotive oils, industrial oils, transformer oils, and rubber processing oils, all proudly marketed under the flagship brand, “Divyol.” A breakdown of the product categories is outlined below:

1. White Oils, Waxes, and Jellies (PHPO): These refined mineral oils possess a level of purity, and stability and lack color, odor, toxicity, and chemical reactivity. They are components, in a range of finished goods. Moreover petroleum jelly falls into this category as a waxy ointment that finds use as a skincare product.

2. Automotive Oils (Lubricants): This classification is used in a range of applications, such, as engine oils, oils for passenger cars shock absorber oils, brake fluids, motorcycle oils, gear oils and grease, for automobiles.

3. Industrial Oils (Lubricants): These oils are designed to meet the needs of operations by providing lubrication to machines or specific process applications all while keeping the temperature stable.

4. Transformer Oils (PIO): These oils have a purpose. They provide insulation, like a liquid. Also work as coolants, in transformer applications.

5. Rubber Processing Oils (PIO): Specifically formulated to ensure uniform mixing and enhance the blending of rubber during processing.

Gandhar Oil Refinery India IPO Complete Details:

Gandhar Oil Refinery India IPO Timetable:

Company Financial Details:

AS OF NOW, the GMP OF Gandhar Oil Refinery India is Around 51 Rs.

Objects Of Issue:

1. The company extended a loan to Texol to facilitate the repayment/pre-payment of a loan obtained from the Bank of Baroda.

2. Capital expenditure was allocated for the acquisition of equipment and undertaking civil work. This includes:

   – Expansion of automotive oil capacity at the Silvassa Plant.

   – Expansion of petroleum jelly and associated cosmetic product division capacity at the Taloja Plant.

   – Expansion of white oils capacity through the installation of blending tanks at the Taloja Plant.

3. The company utilized funds to meet the working capital requirements of its operations.

4. Resources were allocated for general corporate purposes.

Promoters:

1) Mr. Ramesh Babulal Parekh:

– Position: Promoter, Chairperson, and Managing Director

– Education: Bachelor’s degree in Commerce from the University of Mumbai

– Experience: Over 30 years in the petroleum and specialty oils industry

2) Mr. Samir Ramesh Parekh:

– Position: Promoter, Vice Chairperson, and Joint Managing Director

– Education: Bachelor’s degree in Commerce from the University of Mumbai

– Experience: Over 19 years in manufacturing and marketing of petroleum and specialty oils

3) Mr. Aslesh Ramesh Parekh:

– Position: Promoter and Joint Managing Director

– Education: Bachelor’s degree in Science from the University of Mumbai, Post-graduate certificate in e-management and business administration from MET Asian Management Development Centre

– Experience: Over 19 years in the petroleum and specialty oils industry

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