ICICI Securities Ltd
Initial public offering of up to [*] equity shares of face value of Rs. 2 each (Equity Shares) of Gandhar Oil Refinery (India) Limited (the Company or the Issuer) for cash at a price of Rs. [*] per equity share (including a premium of Rs. [*] per equity share) (the Offer Price) aggregating up to Rs. [*] crores (the Offer) comprising a fresh issue of up to [*] equity shares by the company aggregating up to Rs. 357.00 crores (the Fresh Issue) and an offer for sale of up to 12,036,380 equity shares aggregating up to Rs. [*] crores (the Offer for Sale), comprising up to 2,250,000 equity shares aggregating up to Rs. [*] crores by Ramesh Babulal Parekh (1) (the Promoter Selling Shareholder), up to 2,250,000 equity shares aggregating up to Rs. [*] crores by Kailash Parekh (1), up to 2,250,000 equity shares aggregating up to Rs. [*] crores by Gulab Parekh (1) (Kailash Parekh (1) and Gulab Parekh (1) are together referred to as the Promoter Group Selling Shareholders), up to 3,000,000 equity shares aggregating up to Rs. [*] crores by Green Desert Real Estate Brokers, up to 1,000,000 equity shares aggregating up to Rs. [*] crores by Denver Bldg Mat & Decor TR llc, up to 1,000,000 equity shares aggregating to Rs. [*] crores by Fleet Line Shipping Services llc, up to 271,340 equity shares aggregating up to Rs. [*] crores by IDFC First Bank Limited, upto 1,970 equity shares aggregating up to Rs. [*] crores by Amitabh Mishra, up to 1,970 equity shares aggregating up to Rs. [*] crores by Shripad Nagesh Shanbagh, up to 1,970 equity shares aggregating up to Rs. [*] crores by Sunith Menon (1), up to 1,970 equity shares aggregating up to Rs. [*] crores by Susmit Misra, up to 1,970 equity shares aggregating up to Rs. [*] crores by Vijendra Sumatilal Patani, up to 1,970 equity shares aggregating up to Rs. [*] crores by Vinay Prabhakar Ulpe (1), up to 1,390 equity shares aggregating up to Rs. [*] crores by Arvind Singh, up to 1,000 equity shares aggregating up to Rs. [*] crores by Mayur Bhupendralal Desai (1), and up to 830 equity shares aggregating up to Rs. [*] crores by P.R. Balakrishnan (Green Desert Real Estate Brokers, Denver Bldg Mat & Decor TR llc, Fleet Line Shipping Services llc, IDFC First Bank Limited, Amitabh Mishra, Shripad Nagesh Shanbagh, Sunith Menon (1), Susmit Misra, Vijendra Sumatilal Patani, Vinay Prabhakar Ulpe (1), Arvind Singh, Mayur Bhupendralal Desai (1) and P.R. Balakrishnan, 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 company, in consultation with the book running lead managers, may consider a further issue of specified securities through a private placement, preferential issue or any other method as may be permitted under applicable law to any person(s), for cash consideration aggregating up to Rs. 70.00 crores, at its discretion, with the roc (pre-ipo placement). The price of the specified securities allotted pursuant to the pre-ipo placement shall be determined by the company, in consultation with the book running lead managers. If the pre-ipo placement is completed, the fresh issue size will be reduced to the extent of such pre-ipo placement, subject to compliance with rule 19(2)(b) of the scrr. The offer includes a reservation of up to [*] equity shares aggregating up to Rs. [*] crores (constituting [*]% of the post-offer paid-up equity share capital), for subscription by eligible employees (the Employee Reservation Portion). The employee reservation portion shall not exceed 5% of the post-offer paid-up equity share capital. The company may, in consultation with the book running lead managers, offer a discount of up to [*]% of the offer price to eligible employee(s) bidding in the employee reservation portion (Employee Discount). The offer less the employee reservation portion is hereinafter referred to as the Net Offer. The offer and the net offer shall constitute [*]% and [*]%, respectively, of the fully diluted post-offer paid-up equity share capital of the company. The face value of the equity shares is Rs. 2 each and the offer price is [*] times the face value of the equity shares. The price band and the minimum bid lot will be determined by the company.
Issue
Money Payable On
Further Multiples of: 0
DLH Park 18th Floor S V Road Goregaon (West) Mumbai
Maharashtra- 400062
Phone - 91-22-40635600
Fax - 91-22-40635601
Email - investor@gandharoil.com
Website - www.gandharoil.com