Gajanand International Limited IPO

NSE SME

Listed On: Sep 16, 2024 at ₹ 42.0

₹ 108000 /3000 Shares

Check Allotment

Gajanand International IPO Details

09 Sep, 2024

Open Date

11 Sep, 2024

Close Date

12 Sep, 2024

Allotment Date

16 Sep, 2024

Listing Date

Issue Price

₹36 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Skyline Financial Services Private Ltd

List Price

42.0

Listing Date

2024-09-16

Market Lot

3000 Shares (₹108,000/-)

Lead Manager

Fast Track Finsec Pvt Ltd

Issue Size

5,736,000 shares(aggregating up to ₹20.65 Cr)

Retail Portion

50%

Subscription

15.27 times

IPO Docs

DRHP RHP

The IPO of Gajanand International is priced at ₹36 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on NSE SME. Skyline Financial Services Private Ltd is the registrar of the issue.

Gajanand International IPO bid opening date is from Sep 9, 2024 and the bid closing date was Sep 11, 2024.
Gajanand International IPO allotment result will be available on Sep 12, 2024. The tentative listing date for Gajanand International is Sep 16, 2024.

The total issue size is 5,736,000 shares(aggregating up to ₹20.65 Cr).

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

Total No. of Applications: 214,072 (Approx)

Gajanand International Valuations

EPS Pre IPO

₹1.08/-

EPS Post IPO

₹1.59/-

P/E Pre IPO

33.43

P/E Post IPO

22.68

ROE

19.30%

ROCE

29.72%

Debt/Equity

0.68

RoNW

19.30%

PAT Margin

2.06%

Price to Book Value

2.10

Gajanand 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%

Company Promoter(s)

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

Company Contact Details

Gajanand International

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/

Registrar Contact Details

Skyline Financial Services Private Ltd

Phone: 02228511022

Email: ipo@skylinerta.com

Website: https://www.skylinerta.com/ipo.php

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.