Gokul Refoils and Solvent is primarily engaged in the business of solvent extraction, refining of edible oils and vanaspati manufacturing. At present the company has 680 TPD of seed processing, 600 TPD of solvent extraction, 1200 TPD of refining and 200 TPD of vanaspati manufacturing capacities.
Gokul Refoils plans to utilize the proceeds for - setting up a new 1500 TPD Soyabean processing plant near Gandhidham, Gujarat; expansion of the existing edible oil refinery at Surat,investment in Singapore subsidiary,to meet the long term working capital and to brand building activities and also investment in increasing warehousing capacities and continuous capex for exising units;
ICRA has assigned Grade "3/5" to the IPO which states that the fundamentals of the IPO is average. Gokul Refoils valuations are equavelent to it peers. But the investor fancy on this sector is very poor as the profitability margins depends on many factors. One can expect moderate gains on the listing of these shares. Don't expect higher profits.
