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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:
| Particulars | For the year/period ended (Rs. in lacs) | |||
| 31-Mar-07 | 31-Mar-06 | 31-Mar-05 | 31-Mar-04 | |
| Total Income | 160,002.97 | 125,829.99 | 112,098.53 | 50,304.94 |
| Profit After Tax (PAT) | 2,671.39 | 1,094.78 | 1,782.52 | 1,365.82 |
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.
| IPO Date | May 8, 2008 to May 13, 2008 |
| Listing Date | Wednesday, June 4, 2008 |
| Face Value | ₹10 per share |
| Price | ₹175 to ₹195 per share |
| Lot Size | 35 Shares |
| Issue Size | 7,158,392 shares of ₹10 (aggregating up to ₹139.59 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
The Gokul Refoils IPO lot size is 35 shares. A retail-individual investor can apply for up to 29 lots (1015 shares or ₹197,925).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 35 | ₹6,825 |
| Retail (Max) | 29 | 1015 | ₹197,925 |
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)
| Category | Subscription (times) |
|---|
| Listing Date | Wednesday, June 4, 2008 |
| BSE Script Code | 532980 |
| NSE Symbol | GOKUL |
| Listing In | B Group of Securities |
| ISIN | INE020J01029 |
| IPO Price | ₹195 per share |
| Face Value | ₹10 per share |
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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
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: gokulipo@intimespectrum.com
Website: https://linkintime.co.in/
| Review By | Subscribe | Neutral | Avoid |
|---|---|---|---|
| Brokers | 5 | 0 | 2 |
| Members | 0 | 0 | 0 |
IPO Broker Recommendations
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 order quantity is .
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, Edelweiss, 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.
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disclosure - i had 475 shares at @ 195 , sold out at 343