Gandhar Oil Refinery files DRHP to raise funds via IPO

Gandhar Oil Refinery, a leading manufacturer of white oils, has filed its draft red herring prospectus (DRHP) with the capital markets regulator Sebi to launch its initial public offering (IPO).

The company’s IPO comprises a fresh issue of up to Rs 357 crore and an offer for sale (OFS) of up to 12,036,380 equity shares by selling shareholders.

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