Gandhar Oil Refinery (India) Ltd Back 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 Rs2 each ("Equity Shares") of Gandhar Oil Refinery (India) Limited (the "Company" or the "Issuer") for cash at a price of Rs169 per equity share (including a premium of Rs167 per equity share) (the "Offer Price") aggregating to Rs500.69* crores (the "Offer") comprising a fresh issue of 17,869,822* equity shares by the company aggregating to Rs302.00* crores (the "Fresh Issue") and an offer for sale of 11,756,910 equity shares aggregating to Rs198.69* crores (the "Offer for Sale"), comprising 2,250,000* equity shares aggregating to Rs38.03* crores by Ramesh Babulal Parekh (1) (the "Promoter Selling Shareholder"), 2,250,000* equity shares aggregating to Rs38.03* crores by Kailash Parekh(1), 2,250,000* equity shares aggregating to Rs38.03* 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 Rs50.70* crores by Green Desert Real Estate Brokers, 1,000,000* equity shares aggregating to Rs16.90* crores by Denver Bldg Mat & Decor Tr llc, 1,000,000* equity shares aggregating to Rs16.90* crores by Fleet Line Shipping Services llc, 1,970* equity shares aggregating to Rs0.033* crores by Sunith Menon (1), 1,970* equity shares aggregating to Rs0.033* crores by Vijendra Sumatilal Patani, 1,970* equity shares aggregating to Rs0.033* crores by Vinay Prabhakar Ulpe (1) and 1,000* equity shares aggregating to Rs0.02* 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 Rs2 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   Rs 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 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