Gajanand International Limited IPO
NSE SMEListed On: Sep 16, 2024 at ₹ 42.0
₹ 108000 /3000 Shares
Check Allotment09 Sep, 2024
Open Date11 Sep, 2024
Close Date12 Sep, 2024
Allotment Date16 Sep, 2024
Listing DateIssue Price
₹36 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Skyline Financial Services Private LtdList Price
42.0Listing Date
2024-09-16Market Lot
3000 Shares (₹108,000/-)Lead Manager
Fast Track Finsec Pvt LtdIssue Size
5,736,000 shares(aggregating up to ₹20.65 Cr)Retail Portion
50%Subscription
15.27 timesGajanand International IPO Details
Gajanand International Limited IPO is an SME IPO, priced at ₹36 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 57,36,000 equity shares, aggregating up to ₹20.65 crores..
The IPO bidding window is open from Sep 9, 2024 to Sep 11, 2024. The allotment is expected to be finalized on Sep 12, 2024, and the tentative listing date is Sep 16, 2024.
The minimum lot size for retail investors is 3000 shares, with a minimum investment of ₹1,08,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,16,000.
Fast Track Finsec Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Skyline Financial Services Private Ltd, and Nikunj Stock Brokers Limited will act as the market maker for this issue.
Gajanand International IPO Subscription Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 2,724,000 | 2,724,000 | 5,448,000 |
| Day 1 - 09-09-24 06:00 PM | 0.17 x | 1.88 x | 1.03 x |
| Day 2 - 10-09-24 06:00 PM | 0.92 x | 7.93 x | 4.43 x |
| Day 3 - 11-09-24 06:00 PM | 5.79 x | 24.18 x | 15.27 x |
Gajanand International Valuations
EPS Pre IPO
₹1.08/-EPS Post IPO
₹1.59/-P/E Pre IPO
33.43P/E Post IPO
22.68ROE
19.30%ROCE
29.72%Debt/Equity
0.68RoNW
19.30%PAT Margin
2.06%Price to Book Value
2.10Gajanand International Company Financials All values are in ₹ Lakh
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 3,931.1 | 1,900.58 | 1,944.36 |
| Revenue | 10,874.81 | 7,342.4 | 6,176.21 |
| Profit After Tax | 223.73 | 141.06 | 2.85 |
| Net Worth | 1,771.36 | 547.62 | 406.57 |
| Reserves & Surplus | 461.4 | 505.75 | 364.7 |
| Total Borrowing | 1,207.07 | 1,179.48 | 1,465.28 |
About The Company
Gajanand International Limited, which was earlier known as Gajanand Cottex Private Limited, is into the production of clean and green cotton since 2009.
Its product portfolio consists of:
Mech1 cotton: It is grown in Madhya Pradesh and Maharashtra, sown during June/July, and harvested between November and January.
Shankar6 cotton: This is grown in the country and is the most exported raw cotton variety in India.
DCH 32 cotton: Sown in the months of July-August, and is harvested between December to March. The crop is cultivated in Karnataka, Tamil Nadu, and Madhya Pradesh.
Khol: Produced from superior and pure cotton seeds.
The company has 22 employees as of 31st March, 2024.
Gajanand International - Promoter(s)
Pre Issue Share Holding: 90.50%
Post Issue Share Holding: 62.34%
- Mr. Ashok Bhagvanbhai Monsara
- Mrs. Truptiben Ashokbhai Monsara
- Mr. Ashish Dhirajlal Monsara
Gajanand International IPO - Issue Objectives
- To meet out the Working Capital requirements of the Company
- To meet out the General Corporate Purposes
- To meet out the Issue Expenses.
Other Details
Gajanand International
Survey No. 1257/1266, Jasdan-Atkot Roadnr. Bypass Circle, Jasdan, Rajkot - 360050Skyline Financial Services Private Ltd
Gajanand International IPO - FAQs
Ans. Gajanand International Limited IPO is a SME IPO. The issue is priced at ₹36 per equity share. The minimum order quantity is 3000 Shares. The IPO opens on Sep 9, 2024, and closes on Sep 11, 2024. Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Gajanand International Limited IPO opens on Sep 9, 2024 and closes on Sep 11, 2024.
Ans. The size of Gajanand International Limited IPO is 5,736,000 shares(aggregating up to ₹20.65 Cr).
Ans. The IPO price band is set between ₹36 per equity share.
Ans. To apply for Gajanand International Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Gajanand International Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Gajanand International Limited IPO is Sep 12, 2024.
Ans. The Gajanand International Limited IPO will be listed on Sep 16, 2024.
Ans. Follow the steps to check the allotment status for Gajanand International Limited IPO here.
