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Gokul Refoils and Solvent Limited IPO (Gokul Refoils IPO) Detail

May 8, 2008 - May 13, 2008

Gokul Refoils IPO is a book built issue of Rs 139.59 crores.

Gokul Refoils IPO bidding started from May 8, 2008 and ended on May 13, 2008. The shares got listed on BSE, NSE on June 4, 2008.

Gokul Refoils IPO price band is set at ₹175 to ₹195 per share. The minimum lot size for an application is 35 Shares. The minimum amount of investment required by retail investors is ₹6,825.

Anand Rathi Securities Limited and Intensive Fiscal Services Private Limited are the book running lead managers of the Gokul Refoils IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Gokul Refoils IPO RHP for detailed information.

Gokul Refoils IPO Details

IPO Date May 8, 2008 to May 13, 2008
Listing Date June 4, 2008
Face Value ₹10 per share
Price Band ₹175 to ₹195 per share
Lot Size 35 Shares
Total Issue Size7,158,392 shares
(aggregating up to ₹139.59 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Gokul Refoils IPO Lot Size

Investors can bid for a minimum of 35 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 35 ₹6,825
Retail (Max) 29 1015 ₹197,925
Lot Size Calculator

About Gokul Refoils and Solvent Limited

Incorporated in 1992, Gokul Refoils and Solvent Limited is engaged in the business of Solvent Extraction, refining of Edible oils and Vanaspati manufacturing. The business of refining vegetable oils including seed procurement, processing, solvent extraction and marketing of edible oils. The major edible oils processed in the plant are Soybean Oil, Sunflower Oil, Palm Oil, Mustard Oil, Groundnut Oil and Vanaspati.

Company has 680 TPD of seed processing, 600 TPD of Solvent Extraction, 1200 TPD of refining and 200 TPD of Vanaspati manufacturing. The units are situated at Sidhpur (Sidhpur unit, North Gujarat), Anjar (Gandhidham unit, Kutch), Navi Pardi (Surat unit, South Gujarat), Kutch (Wind mills). Company setup Solvent Extraction plant and an oil refinery at Sidhpur, Refinery of 800 TPD and Vanaspati plant of 100 TPD at Kutch, Four environment friendly wind mills of 1.25 MW each in Kutch, 100 TPD operational refinery in Surat and co-generation power plant of 500 KWH at our Gandhidham unit. Towards expanding the scale of operations company setup two wholly owned subsidiaries in Mauritius and Singapore.

The Company is in the following lines of business:

  1. Seed processing and Solvent Extraction
    • Oil cake
    • Solvent extracted oil
    • De-oiled cake
  2. Refining of crude Edible oil to produce refined
    • Mustard oil
    • Soyabean oil
    • Sunflower oil
    • Groundnut oil
    • Cottonseed oil
    • Palm oil
  3. Hydrogenation of oil to produce
    • Vanaspati ghee
  4. Captive power generation plant

Company Financials

ParticularsFor the year/period ended (Rs. in lacs)
 31-Mar-0731-Mar-0631-Mar-0531-Mar-04
  Total Income160,002.97125,829.99112,098.5350,304.94
  Profit After Tax (PAT)2,671.391,094.781,782.521,365.82

Objects of the Issue (Gokul Refoils IPO Objectives)

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital:
1. Setting up a new 1500 TPD Soyabean processing plant near Gandhidham, Gujarat;
2. Expansion of our existing edible oil refinery at Surat, Gujarat;
3. Investment in our wholly owned Singapore subsidiary;
4. Funding part of our long term working capital;
5. Brand building activities;
6. Investment in increasing warehousing capacities and continuous Capex for exising units;
7. To meet expenses of the Issue in order to achieve the benefits of listing on the Stock Exchanges;
8. General corporate purposes.


Gokul Refoils IPO Subscription Status (Bidding Detail)

The Gokul Refoils IPO is subscribed 4.27 times on May 13, 2008 5:00:00 PM. The public issue subscribed 5.59 times in the retail category, 2.72 times in the QIB category, and 6.58 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Gokul Refoils IPO Prospectus

Gokul Refoils IPO Rating

714
2.1
Rating:Rated 2.1 stars
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Gokul Refoils IPO Listing Details

Listing Date June 4, 2008
BSE Script Code 532980
NSE Symbol GOKUL
ISIN INE020J01029
Final Issue Price ₹195 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹195.00
₹203.45
₹176.30
₹222.30
₹181.05
NSE
₹195.00
₹219.90
₹178.00
₹224.70
₹182.05

Check IPO Performance…

Gokul Refoils and Solvent Limited Contact Details

Gokul Refoils and Solvent Limited
State Highway No. 41
Near Sujanpur Patia,
Sidhpur, Gujarat�384151
Phone: +91-276-7222075
Email: gokulipo@gokuloil.com
Website: http://www.gokuloil.com

Gokul Refoils IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: gokulipo@intimespectrum.com
Website: https://linkintime.co.in/initial_offer/public-issues.html

Gokul Refoils IPO - Buy or Not

Gokul Refoils IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 5 0 2
Members 0 0 0

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Gokul Refoils IPO FAQs

Gokul Refoils IPO is a main-board IPO of 7,158,392 equity shares of the face value of ₹10 aggregating up to ₹139.59 Crores. The issue is priced at ₹175 to ₹195 per share. The minimum order quantity is 35 Shares.

The IPO opens on May 8, 2008, and closes on May 13, 2008.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Gokul Refoils IPO opens on May 8, 2008 and closes on May 13, 2008.

Gokul Refoils IPO lot size is 35 Shares, and the minimum amount required is ₹6,825.

You can apply in Gokul Refoils IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Gokul Refoils IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Gokul Refoils IPO allotment status.

The Gokul Refoils IPO listing date is on June 4, 2008.
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Gokul Refoils IPO Message Board

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283 Comments

283. harsh |   Link |  Bookmark |September 10, 2008 1:39:12 AM
i told u people gokul's gonna rock, target of 340 achieved, next level is 380 at which profit booking is advised

disclosure - i had 475 shares at @ 195 , sold out at 343
282. vatsal |   Link |  Bookmark |September 10, 2008 1:34:48 AM
hurry buy gokul it will touch 400 by 15 sept 08
281. harsh |   Link |  Bookmark |July 15, 2008 10:53:17 PM
gokul's gonna rock will reach 260 if market conditions improve even a little bit
280. sngarg |   Link |  Bookmark |June 30, 2008 9:55:05 PM
Hallo,

TO-MARROW 'GOKUL' will dance irrespective of market
condition ( RED or GREEN )
279. harsh |   Link |  Bookmark |June 20, 2008 4:10:42 PM
hey i have 94 gokul @ipo , can any 1 suggest at wht price to sell.
278. AKA |   Link |  Bookmark |June 4, 2008 8:16:11 PM
AS PER GREAT S.P. TULSIAN

HATS OFF TO GREAT ANALYST OF INDIAN STOCK MARKET SP TULSIAN JI

Keeps his previous record of wrong prediction

see i told you that reverse will happen

Anu’s Lab, having issued shares at Rs 210, is listing only on BSE and likely to list below its issue price. Profit booking is advised above issue price, while Gokul Refoils, listing on both NSE & BSE and having issued shares at Rs 195, is likely to witness momentum on listing.

Reverse will happen as per past performance of great sp tulsian
277. VISHY |   Link |  Bookmark |June 4, 2008 5:59:54 PM
Please refer to the below mentioned mesage No:255 written by me yesterday: almost my prediction was correct. there was a heavy downfall in sensex and Nifty, so the price of the ipo went below issue price.

may be the prediction is very correct but i am really worried for our chittorgarh investors who were affected by this price fall.


255. VISHY (62.123.95.237) 6/3/2008 2:03:41 PM IST Report Spam!
market sentiment is weak. so those who want to book profit or those who is interested in listing day gain, book profit when it lists. if sensex loose 200 points and nifty loose 60 points tomorow then the price of this share is likely to fall. the price fall may take place in the afternoon session and most probably if the market still falls on thursday, then the share price may go below the ipo price. but one can trust this ipo for long term returns!!!!


276. prakashipo |   Link |  Bookmark |June 4, 2008 3:37:17 PM
gokul ka khel khatam.lekin yaar 1-30 baje tak apne shareholder ko yeh positive retunn de raha tha. agar aapke lalach ki koi seema nahin toh aapka yehi harsh hoga .maine 94 shares each 5 naam pe 215 pe becha
275. chintan |   Link |  Bookmark |June 4, 2008 1:28:51 PM
Ekdum disappointing listing hua yar is share kaa.Isme intezar karne jaisa bilkul nahi,sab naah dhoke nikal jaao,varna phasoge.
274. prakashipo |   Link |  Bookmark |June 4, 2008 12:38:46 PM
bulls eye hit . see my msg no 261 i predicted 225 for gokul and 265 for anu . both listed at exactly samr prize mr kedi are you listening
273. fj |   Link |  Bookmark |June 4, 2008 9:59:43 AM
currently trading at 215
272. AKSHAT |   Link |  Bookmark |June 4, 2008 9:36:34 AM
20 KE BAD DEKHANA BOMB BLAST HOGA GOKUL KI SCRIPT PE START CALCU. 250-300 RANGE OF THE SHARE.SO DO NOT WORRY.BE HAPPY.OIL PRICE SE GOKUL KO FAYDA HI FAYDA HAI.
271. Rama Krishna |   Link |  Bookmark |June 4, 2008 6:58:30 AM
Reply to message 270

I am also having reliance money account, yesterday i am not able to see Gokul shares in my account but now i am able to see them.
270. Gokul |   Link |  Bookmark |June 4, 2008 12:51:08 AM
Have u ppl received the Gokul shares in your demat /trading account? I haven't yet received them. I trade through reliance money
269. Divyesh Kotecha |   Link |  Bookmark |June 3, 2008 11:23:56 PM
Dear Friends ,

i think gokul listing at 225 to 230

thank u
268. Rajasthan Royals |   Link |  Bookmark |June 3, 2008 10:26:28 PM
Guess Guys!!!!

Lets See Whoses Guess hit the grapes the throne..

Once again and last chance for you to be a KING....
267. vaibhav |   Link |  Bookmark |June 3, 2008 8:42:11 PM
SCRIPT CODE:-532980
DATE OF ISSUE:-04-06-2008(tomorrow)
Expected price:-290-300
266. PAWAN |   Link |  Bookmark |June 3, 2008 8:06:36 PM

3 JUNE Lower freze expected before 11th June in mkt Technicaly Nifty may break 4400 or will go below !!Why people are buying ?Pls for god sake exit and watch panic selling tomrw and wednesday !!
265. vaibhav |   Link |  Bookmark |June 3, 2008 7:24:58 PM
gokul will rock but i cant say about anu lab
264. AKA |   Link |  Bookmark |June 3, 2008 7:02:14 PM
AS PER GREAT S.P. TULSIAN

Anu’s Lab, having issued shares at Rs 210, is listing only on BSE and likely to list below its issue price. Profit booking is advised above issue price, while Gokul Refoils, listing on both NSE & BSE and having issued shares at Rs 195, is likely to witness momentum on listing.

Reverse will happen as per past performance of great sp tulsian