IPO Guru
GMP
Play Store
IPO Guru
Nayara Energy
₹1,050
▲ 7.7% 1M
Buy Sell
Nayara Energy
Energy Oil Refining & Marketing

Nayara Energy Unlisted Shares

Nayara Energy Limited, formerly known as Essar Oil Limited, is India's second-largest private sector oil refining and marketing company. It owns and operates the Vadinar Refinery in Gujarat — one of India's largest single-site refineries with a capacity of 20 MMTPA and a Nelson Complexity Index of 11.8, accounting for nearly 8% of India's total refining capacity. The company also operates a nationwide retail fuel network of 6,000+ Nayara-branded outlets. In 2017, a consortium led by Rosneft (Russia's state oil company) and Trafigura acquired a majority stake for $12.9 billion. Revenue stood at ₹1,56,000 Cr for FY24.

INDICATIVE PRICE
₹1,050 .00
▲ 7.69% · 1 Month
52W Low
₹700
₹1,050
52W High
₹1,375
Buy Now Sell Now
Face Value
₹10
ISIN
INE011A01019
Price History

Nayara Energy Price Chart

Current
₹1,050.00
Period Change
+7.69%
High
₹1,050.00
Low
₹975.00
About

Nayara Energy — the company.

Nayara Energy Limited, formerly known as Essar Oil Limited, is India's second-largest private sector oil refining and marketing company. It owns and operates the Vadinar Refinery in Gujarat — one of India's largest single-site refineries with a capacity of 20 MMTPA and a Nelson Complexity Index of 11.8, accounting for nearly 8% of India's total refining capacity. The company also operates a nationwide retail fuel network of 6,000+ Nayara-branded outlets. In 2017, a consortium led by Rosneft (Russia's state oil company) and Trafigura acquired a majority stake for $12.9 billion. Revenue stood at ₹1,56,000 Cr for FY24.
IPO Outlook

When’s the Nayara Energy IPO?

No confirmed IPO timeline exists. The primary near-term event is Rosneft's reported intent to divest its ~49% stake to an Indian conglomerate, given challenges in repatriating earnings amid Western sanctions. A stake sale or strategic restructuring could be a precursor to eventual listing. At ₹1,100/share, the company is valued at ~₹65,000–70,000 Cr in the unlisted market.
Valuation Compass

How Nayara Energy stacks against listed peers.

Company P/E EV / EBITDA
Reliance Industries RELIANCE 24 14
HPCL HINDPETRO 15 8
BPCL BPCL 12 7
Ownership

Shareholding.

Others
2%
Rosneft
49%
Kesani Trafigura Ucp
49%
Leadership

Management team.

D
Deepak Kapoor
Chairman
Veteran corporate leader; former Chairman of PwC India.
N
Naina Lal Kidwai
Independent Director
Former Country Head of HSBC India; prominent banking and corporate governance figure.
P
Prasad Panicker
Executive Director
Refinery and operations specialist with extensive energy sector experience.
✓

Strengths

  • +India's second-largest single-site refinery — 20 MMTPA capacity at Vadinar, Gujarat
  • +High complexity refinery (Nelson Index 11.8) capable of processing heavy, discounted crude
  • +Revenue of ₹1,56,000 Cr in FY24 with 12% YoY growth and 26% rise in profitability
  • +6,000+ retail fuel outlets providing downstream revenue diversification
  • +Strategic location with captive port enabling efficient crude imports
!

Risks

  • −Rosneft's (~49% stake) desire to exit due to Western sanctions creates ownership uncertainty
  • −Heavy dependence on crude oil import prices and global refining margins (GRMs)
  • −No confirmed IPO timeline; illiquid unlisted market with high minimum ticket size
  • −Geopolitical risk from Russian promoter stake amid ongoing sanctions environment
  • −Regulatory and environmental compliance risks for large refinery operations
!

Important Disclaimer

Unlisted shares are not traded on stock exchanges. Prices shown are indicative and based on off-market transactions; they may differ from eventual listing or future market prices. Exit liquidity depends on counter-party availability. SEBI mandates a 6-month lock-in on pre-IPO shares post-listing. Gains held beyond 24 months are taxed at 12.5% LTCG (no indexation). IPO Guru is not a SEBI Registered Investment Advisor. Information here is for general awareness, not personalised investment advice. Please consult your tax advisor before investing.

Ready to invest?
CDSL · NSDL T+1 SETTLEMENT NO FEE

Buy or sell Nayara Energy unlisted shares

Get a live quote on WhatsApp in under 60 seconds. Current price ₹1,050.00. Shares delivered to your own demat in 24–48 hours — never to a custodian.

Buy Nayara Energy Sell Nayara Energy

Frequently Asked Questions

Share