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Gandhar Oil Refinery (India) Ltd
Registered Office: 18th Floor DLH Park S V Road, Goregaon (West), Mumbai - 400062, Maharashtra
Phone: 91-22 4063 5600
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		Money Payable On
Opens On	Closes On	Application	Allotment
22-Nov-2023	24-Nov-2023	₹ 169.00	₹ 0.00

Minimum Application for shares in Nos : 88 Further Multiples of : 88
	(₹)Cr.	Lead Managers to the Issue
Project Cost	263.10	ICICI Securities Ltd
Project Financed through Current Offer	500.69
Post Issue Equity Share Capital	19.57
Issue Price	₹169.00

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
BSE
NSE

Registrar to the Issue
Link Intime India Pvt Ltd

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