Gajanand International IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Mon, 09 Sep 2024
Close Date
Wed, 11 Sep 2024
Issue Price
₹ 36
Lot Size
3000
Issue Size
₹ 20.65 Cr
Minimum Investment
₹ 216,000 (6000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Gajanand International IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a fixed price issue with a total issue size of ₹20.65 Crore, comprising a fresh issue of 57.36 Lakh equity shares aggregating to ₹20.65 Crore.
The Gajanand International IPO remained open for subscription from September 09, 2024, to September 11, 2024. The basis of allotment was finalized on September 12, 2024, and the company's shares were listed on NSE SME Platform on September 16, 2024.
The company had fixed the price at ₹36 per share, with a lot size of 3000 shares. Retail investors were required to make a minimum investment of ₹216,000 (based on the upper price band) to apply for one lot.
Skyline Financial Services Private Ltd served as the registrar to the issue. Fast Track Finsec Pvt Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Gajanand International Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Gajanand International IPO Timeline (Tentative)
- IPO Open Date
- Mon, 09 Sep 24
- IPO Close Date
- Wed, 11 Sep 24
- Basis of Allotment
- Thu, 12 Sep 24
- Initiation of Refunds
- Fri, 13 Sep 24
- Credit of Shares to Demat
- Fri, 13 Sep 24
- Listing Date
- Mon, 16 Sep 24 — NSE & BSE
Open Date
09 September 2024
Close Date
11 September 2024
Basis Of Allotment
12 September 2024
Listing Date
16 September 2024
IPO Subscription
Check Live Subscription →The Gajanand International IPO has received bids for 8,37,000 shares against 0 shares offered, resulting in an overall subscription of 0x. the NII category is subscribed 0x, Retail Investors 0x, and QIBs 0x.
QIB
0x
NII
0x
RII
0x
Total
0x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 0 shares, representing % of the total issue. Qualified Institutional Buyers (QIBs) are allocated 27,24,000 shares (47.49%), while Non-Institutional Investors (NIIs) receive 27,24,000 shares (47.49%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 0 | 0% |
| Market Maker | 288,000 | 5.02% |
| Qualified Institutions | 2,724,000 | 47.49% |
| Non-Institutional | 2,724,000 | 47.49% |
| Total | 5,736,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Gajanand International Limited KPI Information
| 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 |
Peers Comparison
No Peer Comparision Available
About Gajanand International Limited
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.
Gajanand International IPO 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%
Gajanand International IPO Objective
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.
Gajanand International Limited Address / Contact Details
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
Gajanand International IPO Lot Size
The Gajanand International IPO has a lot size of 3,000 shares. Retail investors require a minimum investment of ₹1,08,000 by applying for 1 lot (3,000 shares). The maximum application allowed for the retail category is 1 lots (3,000 shares), requiring an investment of ₹1,08,000.
| 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 |
Issue Reservation
- Anchor Investors — 0%
- Market Maker — 5.02%
- QIB — 47.49%
- NII — 47.49%
Book Running Lead Managers
- Fast Track Finsec Pvt Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Gajanand International IPO?
Gajanand International IPO is a Fixed price IPO with a total issue size of ₹20.65 crore. The Gajanand International IPO price band is ₹36 to 36 per share. The Gajanand International IPO subscription opens on Mon, Sep 9, 2024, and closes on Wed, Sep 11, 2024. The Gajanand International IPO will be listed on the NSE. Skyline Financial Services Private Ltd is the registrar for the Gajanand International IPO.
When will the Gajanand International IPO open for subscription?
The Gajanand International IPO opens on Mon, Sep 9, 2024 and closes on Wed, Sep 11, 2024
What is Gajanand International IPO Price Band?
Gajanand International IPO Price Band is ₹36 to 36 per share.
What is Gajanand International IPO Lot Size?
Gajanand International IPO lot size is 3000 shares, Retail investors need a minimum investment of ₹216000 based on the upper price band
What is the minimum investment for Gajanand International IPO?
The minimum investment for Gajanand International IPO is ₹216000, based on one lot of 3000 shares at the upper price band of ₹36 per share.
How to apply for Gajanand International IPO?
Investors can apply for the Gajanand International IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Sep 11, 2024. The application amount remains blocked until the Gajanand International IPO allotment is finalized.
What is Gajanand International IPO Issue Size?
Gajanand International IPO issue size is ₹20.65 crores.
What is the Gajanand International IPO Allotment Date?
Gajanand International IPO allotment date is Thu, Sep 12, 2024.
Who is the Gajanand International IPO Registrar?
The registrar for Gajanand International IPO is Skyline Financial Services Private Ltd. Investors can go to Skyline Financial Services Private Ltd website to check Gajanand International IPO allotment status, refund processing, and other IPO-related information.
What is the Gajanand International IPO GMP?
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 0.00% over the issue price.
Who is the Gajanand International IPO Lead Manager?
The book-running lead managers (BRLMs) for the Gajanand International IPO are Fast Track Finsec Pvt Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Gajanand International IPO Red Herring Prospectus (RHP).