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Gandhar Oil Refinery (India) Ltd

Registered Office : 18th Floor DLH Park S V Road,Goregaon (West),Mumbai Maharashtra 400062 Phone : 91-22 4063 5600
Fax :

Email : investor@gandharoil.com

Website : www.gandharoil.com

Initial public offering of 29,626,732* equity shares of face value of Rs. 2 each ("Equity Shares") of Gandhar Oil Refinery (India) Limited (the "Company" or the "Issuer") for cash at a price of Rs. 169 per equity share (including a premium of Rs. 167 per equity share) (the "Offer Price") aggregating to Rs. 500.69* crores (the "Offer") comprising a fresh issue of 17,869,822* equity shares by the company aggregating to Rs. 302.00* crores (the "Fresh Issue") and an offer for sale of 11,756,910 equity shares aggregating to Rs. 198.69* crores (the "Offer for Sale"), comprising 2,250,000* equity shares aggregating to Rs. 38.03* crores by Ramesh Babulal Parekh (1) (the "Promoter Selling Shareholder"), 2,250,000* equity shares aggregating to Rs. 38.03* crores by Kailash Parekh(1), 2,250,000* equity shares aggregating to Rs. 38.03* crores by Gulab Parekh(1) (Kailash Parekh (1) and Gulab Parekh (1) are together referred to as the "Promoter Group Selling Shareholders"), 3,000,000* equity shares aggregating to Rs. 50.70* crores by Green Desert Real Estate Brokers, 1,000,000* equity shares aggregating to Rs. 16.90* crores by Denver Bldg Mat & Decor Tr llc, 1,000,000* equity shares aggregating to Rs. 16.90* crores by Fleet Line Shipping Services llc, 1,970* equity shares aggregating to Rs. 0.033* crores by Sunith Menon (1), 1,970* equity shares aggregating to Rs. 0.033* crores by Vijendra Sumatilal Patani, 1,970* equity shares aggregating to Rs. 0.033* crores by Vinay Prabhakar Ulpe (1) and 1,000* equity shares aggregating to Rs. 0.02* crores by Mayur Bhupendralal Desai (1) (Green Desert Real Estate Brokers, Denver Bldg Mat & Decor Tr llc, Fleet Line Shipping Services llc, Sunith Menon (1), Vijendra Sumatilal Patani, Vinay Prabhakar Ulpe(1)and Mayur Bhupendralal Desai (1), collectively referred to as the "Other Selling Shareholders") (the promoter selling shareholder, promoter group selling shareholders and other selling shareholders, collectively referred to as the "Selling Shareholders" and such equity shares offered by the selling shareholders, the "Offered Shares"). The face value of the equity shares is Rs. 2 each and the offer price is 84.5 times the face value of the equity shares.

Issue

Opens On

Closes On

22-Nov-2023

24-Nov-2023

Money Payable On

Application

Allotment

169.00

0.00

Minimum Application for shares in Nos : 88.0 Further Multiples of : 88.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

263.10

500.69

19.57

169.00

ICICI Securities Ltd

Nuvama Wealth Management Ltd

Projects

Investment into Texol by way of a loan for financing the repayment/pre-payment of a loan facility availed by Texol from the Bank of Baroda

Capital expenditure through purchase of equipment and civil work required for (i) expansion in capacity of automotive oil at our silvasa plant (ii) expansion in capacity of petroleum jelly and accompanying cosmetic products division at the Taloj

Funding working capital requirements of the company

General corporate purposes

Promoted By

Ramesh Babulal Parekh

Samir Ramesh Parekh

Aelesh Ramesh Parekh

Listing At

Registrar to the Issue

MUFG Intime India Pvt Ltd