Gajanand International IPO
Gajanand International is an NSE SME IPO listed on the NSE SME platform, priced at ₹36 per share. The stock debuted at ₹42, delivering a listing gain of 16.7%. The IPO had a lot size of ₹3000 shares and a minimum investment of ₹1,08,000.
Gajanand International Limited IPO
- IPO Dates
- Sep 9, 2024 – Sep 11, 2024
- Price band
- ₹36 per equity share
- Minimum Investment
- ₹1,08,000
- Issue size
- ₹20.65 Cr
- Lot size
- 3000
- Allotment Date
- Sep 12, 2024
- Listing
- Sep 16, 2024
- Listing At
- NSE SME
IPO timeline
-
Sep 9, 2024
Open Date
Completed
-
Sep 11, 2024
Close Date
Completed
-
Sep 12, 2024
Allotment Date
Completed
-
Sep 16, 2024
Listing Date
Completed
Gajanand International IPO Essentials
Gajanand International IPO Details
Gajanand International IPO is priced at ₹36 per share with a total issue size of 20.65 crore. The IPO has a lot size of 3000 shares and is listed on NSE SME.
- Issue price
- ₹36 per equity share
- Lot size
- 3000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 5,736,000 shares(aggregating up to ₹20.65 Cr)
- Total issue size
- 57,36,000 shares
(aggregating up to ₹20.65 crore) - Fresh issue
- 57,36,000 shares
(aggregating up to ₹20.65 crore) - Listing at
- NSE SME
- List price
- 42.0
- Listing date
- Registrar
- Skyline Financial Services Private Ltd
- Lead manager
-
Fast Track Finsec Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 3000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 3000 | ₹1,08,000 |
| Retail(max) | 1 | 3000 | ₹1,08,000 |
| NII (min) | 2 | 6000 | ₹2,16,000 |
Gajanand International IPO Reservation
Gajanand International IPO reservation details show category-wise allocation of shares. Out of the total 57,36,000 shares, approximately 47.49% for retail investors, and 5.02% for market maker.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | NA (NA%) | |
| Market Maker Shares Offered | 2,88,000 (5.02%) | |
| Retail Shares Offered | 27,24,000 (47.49%) | |
| Total Shares Offered | 57,36,000 (100%) |
Gajanand International IPO Analytics
Gajanand International IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Gajanand International IPO Subscription Status
Gajanand International IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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
Earnings
- EPS Pre IPO
- ₹1.08/-
- EPS Post IPO
- ₹1.59/-
- P/E Pre IPO
- 33.43
- P/E Post IPO
- 22.68
Returns
- ROE
- 19.30%
- ROCE
- 29.72%
- RoNW
- 19.30%
- PAT Margin
- 2.06%
Fundamentals
- Debt / Equity
- 0.68
- Price / Book
- 2.10
Gajanand International Financials( In Lakhs)
| 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 |
Gajanand International Company & Offer Insights
About Gajanand International
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)
Mr. Ashok Bhagvanbhai Monsara, Mrs. Truptiben Ashokbhai Monsara, Mr. Ashish Dhirajlal Monsara are the company's promoters of Gajanand International.
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.
Gajanand International IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Gajanand International Limited | 2.17 | 2.17 | 17.16 | 4.61 | 19.3 | 2.12 | Standalone |
| Laxmi Cotspin Limited | -0.16 | -0.16 | 3.67 | -207.12 | 0.02 | 11 | Standalone |
| Spright Agro Limited | 0.12 | 0.12 | 1.31 | 486 | 0.23 | 58 | Standalone |
Notes:
- The industry peer may be modified to finalize the issue price before filing the Prospectus with ROC.
- Considering the nature and turnover of the Company's business, the peer is not strictly comparable. However, the same has been included for broader comparison.
- The figures for Gajanand International Limited are based on the restated results for the year ended March 31, 2024.
- The figures for the peer group are based on standalone audited results for the respective year ended March 31, 2024.
- Current Market Price (CMP) is the closing price of the respective scrip as of August 31, 2024.
Contact Information
Contact Details
Gajanand International
+91-99094 46110
Survey No. 1257/1266, Jasdan-Atkot Roadnr. Bypass Circle, Jasdan, Rajkot - 360050
Registrar Contact Details
Skyline Financial Services Private Ltd
02228511022
Frequently Asked Questions
Click any question to reveal the answer
Gajanand International IPO is a Fixed Priced IPO worth ₹20.65 crore. The issue price is ₹36 per share (fixed price). The IPO opens on Sep 9, 2024 and closes on Sep 11, 2024. It will be listed on NSE SME Platform. Skyline Financial Services Private Ltd is the registrar.
The issue price of Gajanand International IPO is ₹36 per share (fixed price).
The lot size of Gajanand International IPO is 3000 shares.
The minimum investment for Gajanand International IPO is approximately ₹1,08,000 based on the issue price .
Gajanand International IPO opens on Sep 9, 2024 and closes on Sep 11, 2024.
The allotment date of Gajanand International IPO is Sep 12, 2024.
Gajanand International IPO is expected to be listed on Sep 16, 2024, on NSE SME Platform.
Gajanand International IPO valuation snapshot: P/E 22.68, EPS ₹1.59/-, P/B 2.10, RoNW 19.30%, and market cap N/A.
To apply for Gajanand International IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Gajanand International IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Gajanand International IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Gajanand International IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Gajanand International IPO allotment status on IPO Ji for quick and easy access.