Gandhar Oil refinery (India) Limited is a known name in the world of Speciality Oils. The company is a leading manufacturer of white oils by revenue with a growing focus on the consumer and healthcare end-industries. We have a diversified customer base that comprised 3,558 customers during the fiscal 2023.
Nuvama Wealth Management Limited has successfully closed INR 5,007mn (c.US$ 60mn) Initial Public Offering (IPO) of Gandhar Oil Refinery India Limited. Nuvama pushed the story aggressively through the distribution channel to garner strong interest in the HNI & Retail category resulting in 2.8mn+ applications. The company saw a stellar IPO listing success with the stock price opening at 76% premium to the issue price and was amongst the Top 5 IPOs in terms of listing day gains in CY 2023.
Nuvama Investment Banking
Advised in the sale of
Gandhar Oil Refinery India Limited
to