The FMCG sector in India shows promising signs of a rally in the coming months, potentially starting as early as next month or at the onset of the next calendar year, says Sonam Srivastava of Wright Research.
Gandhar Oil is a manufacturer of white oils that caters to the consumer and healthcare end-industries. It offers an extensive range of over 350 products.
Gandhar Oil Refinery IPO comprises the issuance of fresh equity shares worth Rs 302 crore and an offer for sale (OFS) of 11,756,910 equity shares by existing shareholders. Under the OFS, promoter-selling shareholders Kailash Parekh, Gulab Parekh, and other selling shareholders Green Desert Real Estate and Fleet Line Shipping among others will offload stakes.
Gandhar Oil Refinery IPO comprises a fresh equity issue of Rs 357 crore and an offer for sale (OFS) of Rs 143 crore. The price band for the issue will be announced soon for the Rs Rs 500-crore IPO.