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  Gandhar Oil Refinery (India) Ltd
Registered Office: 18th Floor DLH Park S V Road,Goregaon (West) , Mumbai - 400062 , Maharashtra , India.
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 2 each ("Equity Shares") of Gandhar Oil Refinery (India) Limited (the "Company" or the "Issuer") for cash at a price of 169 per equity share (including a premium of 167 per equity share) (the "Offer Price") aggregating to 500.69* crores (the "Offer") comprising a fresh issue of 17,869,822* equity shares by the company aggregating to 302.00* crores (the "Fresh Issue") and an offer for sale of 11,756,910 equity shares aggregating to 198.69* crores (the "Offer for Sale"), comprising 2,250,000* equity shares aggregating to 38.03* crores by Ramesh Babulal Parekh (1) (the "Promoter Selling Shareholder"), 2,250,000* equity shares aggregating to 38.03* crores by Kailash Parekh(1), 2,250,000* equity shares aggregating to 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 50.70* crores by Green Desert Real Estate Brokers, 1,000,000* equity shares aggregating to 16.90* crores by Denver Bldg Mat & Decor Tr llc, 1,000,000* equity shares aggregating to 16.90* crores by Fleet Line Shipping Services llc, 1,970* equity shares aggregating to 0.033* crores by Sunith Menon (1), 1,970* equity shares aggregating to 0.033* crores by Vijendra Sumatilal Patani, 1,970* equity shares aggregating to 0.033* crores by Vinay Prabhakar Ulpe (1) and 1,000* equity shares aggregating to 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 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-23 24-Nov-23 Rs169.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :88  Further Multiples of :88

  RsCr 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 Rs169.00  
 
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 Funding working capital requirements of the company
 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 General corporate purposes
Promoted By
 Ramesh Babulal Parekh
 Samir Ramesh Parekh
 Aelesh Ramesh Parekh
Listing At
 BSE 
 NSE 
Registrar to the Issue
 MUFG Intime India Pvt Ltd