Initial public offering of (*) equity shares of face value of Rs.10 each (Equity Shares) of Gandhar Oil Refinery (India) Ltd (The Company or the Issuer) for cash at a price of Rs. (*) per equity share including a share premium of Rs. (*) per equity share (The Offer Price), aggregating up to Rs. (*) Crores (The Offer), comprising of a fresh issue of (*) Equity shares by the company aggregating up to Rs. 195 Crores (The Fresh Issue) and an offer for sale of 600,000 equity shares aggregating up to Rs. (*) Crores by the selling the shareholders, comprising an offer for sale of 400,000 equity shares by Ramesh Parekh Jointly with Sunita Parekh and an offer for sale of 200,000 equity shares by Jitendra Parekh Jointly with Gulab Parekh (together, the offer for sale). The offer may include a reservation of (*) equity shares aggregating to Rs. (*) Crores for allocation and allotment to eligible employees (Employees reservation portion). The offer less the employee reservation portion is referred to as the Net Offer. The offer and the net offer shall constitute (*)% and (*)% respectively of the post-offer paid-up equity share capital of the company. The employee reservation portion, if any shall not exceed 5% of the post-offer paid-up equity share capital of the company.The face value of the equity share is Rs.10 each. The offer price is (*) times the face value of the equity share. The price band, the employee discount (defined below) if any, and the minimum bid lot size will be decided by the company.