Gajanand International IPO
Open SmeCurrent GMP
₹5 (+13.89%)
Price Band
₹ 36 – 36
Lot Size
3000
Issue Size
₹20.65 Cr
Minimum Investment
₹216000 (6000 Shares)
Listing Date
16 September 2024
Subscription
-
About the Company
The company specializes in producing contamination-free and sustainable cotton, offering a range of prominent varieties including MECH1, SHANKAR6, DCH 32, and KHOL.
- MECH1: Cultivated in Madhya Pradesh and Maharashtra, this variety is sown between June and July and harvested from November to January.
- SHANKAR6: Known for being the most exported raw cotton variety in India, it is grown domestically.
- DCH 32: This variety is planted in July-August and harvested from December to March, with cultivation occurring in Karnataka, Tamil Nadu, and Madhya Pradesh.
- KHOL: Produced from high-quality, pure cotton seeds.
Gajanand International has an installed capacity of 37,500 MT per year. The company also operates a warehouse and packaging facility at its factory. As of March 31, 2024, Gajanand International employs 22 staff members.
Promoters
Company Promoter(s)
- Ashok Bhagvanbhai Monsara
- Truptiben Ashokbhai Monsara
- Ashish Dhirajlal Monsara
Promoters Holding
Holding Pre Issue
90.50%
Holding Post Issue
0.00%
Objects of the Issue
The Company proposes to utilize the funds being raised towards funding the following objects and achieve the benefits of listing on the Emerge Platform of NSE.
The objects of the Issue are:-
- To meet out the Working Capital requirements of the Company;
- To meet out the General Corporate Purposes; and
- To meet out the Issue Expenses.
Address / Contact Info
Gajanand International Limited
Survey No. 1257/1266,
Jasdan-Atkot Roadnr. Bypass Circle,
Jasdan, Rajkot - 360050
Phone: +91-99094 46110
Email: info@gajanand-int.com
Website: https://www.gajanand-int.com
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Monday, 09 September 2024
IPO Close Date
Wednesday, 11 September 2024
Basis of Allotment
Thursday, 12 September 2024
Initiation of Refunds
Friday, 13 September 2024
Credit of Shares to Demat
Friday, 13 September 2024
Listing Date
Monday, 16 September 2024 — NSE & BSE
Important Dates
Open Date
09 September 2024
Close Date
11 September 2024
Basis Of Allotment
12 September 2024
Listing Date
16 September 2024
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 3931.1 | 1900.58 | 1944.36 |
| Revenue | 10874.81 | 7342.4 | 6176.21 |
| Profit After Tax | 223.73 | 141.06 | 2.85 |
| Net Worth | 1771.36 | 547.62 | 406.57 |
| Reserve & Surplus | 461.4 | 505.75 | 364.7 |
| Total Borrowings | 1207.07 | 1179.48 | 1465.28 |
EPS Pre
1.71%
EPS Post
1.19%
P/E Pre
21.08
P/E (Post Issue)
30.31x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 19.3 |
| ROCE % | 29.72 |
| Debt / Equity | 0.68 |
| RoNW % | 19.3 |
| PbW | 2.1 |
| Pat Margin % | 2.06 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 0 | 0 | 0 |
| Market Maker | 288000 | 5.02 | 0 |
| Qualified Institutions | 2724000 | 47.49 | 0 |
| Non-Institutional | 2724000 | 47.49 | 0 |
| Total | 5736000 | 100 | 0 |
Subscription Status ( Fri, 06 Sep 24 09:11 AM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 0 | 0 | 0x |
| Non-Institutional | 0 | 75000 | 0x |
| Retail Investors | 0 | 762000 | 0x |
| Total | 0 | 837000 | 0x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | 108,000.00 |
| Retail (Max) | 1 | 3,000 | 108,000.00 |
| S-HNI (Min) | 2 | 6,000 | 216,000.00 |
Registrar
Skyline Financial Services Private Ltd
02228511022
info@skylinerta.com
https://www.skylinerta.com
Book Running Lead Managers
- Fast Track Finsec Pvt Ltd
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Gajanand International IPO is a Fixed price IPO worth ₹20.65 crores. The price band is ₹36 to 36 per share. The IPO opens on Mon, Sep 9, 2024 and closes on Wed, Sep 11, 2024. It will be listed on BSE and NSE. Skyline Financial Services Private Ltd is the registrar.
The Gajanand International IPO opens on Mon, Sep 9, 2024 and closes on Wed, Sep 11, 2024
Gajanand International IPO Price Band is ₹36 to 36.
Gajanand International IPO lot size is 3000, and the minimum amount required for application is ₹216000.
The minimum investment for Gajanand International IPO is approximately ₹216000 based on the upper price band.
To apply for the Gajanand International IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Wed, Sep 11, 2024. After submission, funds are blocked until the basis of allotment of Gajanand International IPO is finalised.
Gajanand International IPO issue size is ₹20.65 crores.
Gajanand International IPO allotment date is Sat, Jun 27, 2026.
The registrar for Gajanand International IPO is Skyline Financial Services Private Ltd. Investors can go to Skyline Financial Services Private Ltd website for IPO allotment status, refund processing, and other queries related to Gajanand International IPO through their official website or helpline.
The Gajanand International IPO GMP (Grey Market Premium) is ₹0 as of Wed, Sep 11, 2024. Based on the upper price band of ₹36 per share, the estimated Gajanand International IPO listing price is ₹36, indicating a potential listing gain of approximately 31% over the issue price.