The Gandhar Oil Refinery India IPO, valued at Rs 500.69 crores, is a book-built issue. It comprises a fresh issue of 1.79 crore shares, totaling Rs 302.00 crores, and an offer for sale of 1.18 crore shares, amounting to Rs 198.69 crores.
The IPO bidding for Gandhar Oil Refinery India commenced on November 22, 2023, concluding on November 24, 2023. Allotment results were confirmed on Tuesday, November 28, 2023. Subsequently, the company's shares were listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on November 30, 2023.
The IPO price range for Gandhar Oil Refinery India is ₹160 to ₹169 per share, with a minimum lot size of 88 shares. Retail investors need to invest a minimum of ₹14,872. For sNII, the minimum investment is 14 lots (1,232 shares) totaling ₹208,208, while for bNII, it is 68 lots (5,984 shares) amounting to ₹1,011,296.
ICICI Securities Limited and Nuvama Wealth Management Limited serve as the book running lead managers for the Gandhar Oil Refinery India IPO, with Link Intime India Private Ltd appointed as the registrar for the offering.
Objective of IPO.
The issue is a mix of both Offer for sale and Fresh issue:
Offer for sale: INR 198.69 Cr. (11756910 shares)
Fresh Issue: INR 302 Cr.
The use of fresh proceeds will be done in the following manner:
1. Aadhaar and PAN Card of the taxpayer and the company
2. Bank Statements of the taxpayer/company/firm
3.Form 26AS: It is a summary of all the taxes that have been deducted from your income, such as TDS (Tax Deducted at Source).
4. Form 16: It is issued by your employer, which gives the details about the total salary + TDS deducted from it.
5. Investment and financial documents: If you have invested in shares, mutual funds, or fixed deposits, dividend statements, capital gains reports (if you have sold any assets), and interest certificates need to be attached.
6. Proof of other income: Other than your salary, if you have earned from different sources, such as from freelance work, rental income, or interest, you need to attach the documents, such as bonus receipts, interest certificates, rental agreements, and any freelance payment statements, to prove the same.
7. Deductions and tax-saving investments: To claim deductions under sections 80C - for investments in PPF, ELSS, etc., 80D - for insurance premiums, or 80G for the charitable donations, you need to attach the documents to prove the same.
8. Form 10E (If Applicable): If you have received salary arrears or any special bonuses, then you need to attach the Form 10E - it is used to claim tax relief for those payments under section 89(1) of the Income Tax Act, 1961.
9. TDS Certificates: If you have earned income from sources other than your salary, such as rent, interest, or professional fees, then your TDS might have TDS deducted. In this case, you need to attach the TDS certificates from those sources to show that tax has been deducted and deposited with the government.
10. Details of Foreign Income (If Applicable): If you have earned from abroad or own foreign assets, you need to disclose all the information in your ITR. Documents such as foreign bank statements, income certificates, or details of foreign investment are necessary to report this income correctly.
1. Aadhaar and PAN Card of the taxpayer and the company
2. Bank Statements of the taxpayer/company/firm
3.Form 26AS: It is a summary of all the taxes that have been deducted from your income, such as TDS (Tax Deducted at Source).
4. Form 16: It is issued by your employer, which gives the details about the total salary + TDS deducted from it.
5. Investment and financial documents: If you have invested in shares, mutual funds, or fixed deposits, dividend statements, capital gains reports (if you have sold any assets), and interest certificates need to be attached.
6. Proof of other income: Other than your salary, if you have earned from different sources, such as from freelance work, rental income, or interest, you need to attach the documents, such as bonus receipts, interest certificates, rental agreements, and any freelance payment statements, to prove the same.
7. Deductions and tax-saving investments: To claim deductions under sections 80C - for investments in PPF, ELSS, etc., 80D - for insurance premiums, or 80G for the charitable donations, you need to attach the documents to prove the same.
8. Form 10E (If Applicable): If you have received salary arrears or any special bonuses, then you need to attach the Form 10E - it is used to claim tax relief for those payments under section 89(1) of the Income Tax Act, 1961.
9. TDS Certificates: If you have earned income from sources other than your salary, such as rent, interest, or professional fees, then your TDS might have TDS deducted. In this case, you need to attach the TDS certificates from those sources to show that tax has been deducted and deposited with the government.
10. Details of Foreign Income (If Applicable): If you have earned from abroad or own foreign assets, you need to disclose all the information in your ITR. Documents such as foreign bank statements, income certificates, or details of foreign investment are necessary to report this income correctly.
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