Gandhar Oil Refinery (India) Ltd. (GORL) is a prominent producer of white oils, focusing on consumer and healthcare sectors. With consistent revenue growth, GORL's recent financials show a positive trajectory, boasting a total income/net profit of Rs. 4101.79 cr./Rs. 213.18 cr. in FY23. Its Q1 FY24 net profit stands at Rs. 54.28 cr. GORL's average EPS over three fiscal years is Rs. 20.11, with an RoNW of 31.11%. Priced at a P/BV of 1.49, the IPO offers potential for medium to long-term gains, backed by its strong performance and diverse product portfolio under the "Divyol" brand. With Nuvama Wealth and ICICI Securities Ltd. overseeing the IPO, investors could find value in this opportunity.