Last updated on September 16, 2024
Gajanand International IPO description – The company is engaged in producing contamination-free and sustainable cotton. It deals in prominent cotton varieties including MECH1, SHANKAR6, DCH 32, and KHOL.
MECH1: It is grown in Madhya Pradesh and Maharashtra and is sown in the June/July period and harvested from November to January.
SHANKAR6: This variety is grown domestically and is the most exported raw cotton variety in India.
DCH 32: It is sown in the months of July-August and is ready for harvest from December to March. It is grown in the states of Karnataka, Tamil Nadu and Madhya Pradesh.
KHOL: It is made from high-quality and pure cotton seeds.
Gajanand International has an installed capacity of 37,500 MT/year. The company also has a warehouse and a packaging facility at its factory. Â As of 31 March 2024, the company had 22 employees.
Promoters of Gajanand International – Mr. Ashok Bhagvanbhai Monsara, Mrs. Truptiben Ashokbhai Monsara, and Mr. Ashish Dhirajlal Monsara
Table of Contents
Gajanand International IPO Details
| Gajanand International IPO Dates | 9 – 11 September 2024 |
| Gajanand International Issue Price | INR 36 per share |
| Fresh issue | 57,36,000 shares (INR 20.65 crore) |
| Offer For Sale | NIL |
| Total IPO size | 57,36,000 shares (INR 20.65 crore) |
| Minimum bid (lot size) | 3,000 shares (INR 1,08,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE EMERGE |
Gajanand International Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 61.74 | 73.36 | 108.66 |
| Expenses | 61.72 | 71.54 | 105.74 |
| Net income | 0.03 | 1.41 | 2.24 |
Gajanand International Offer News
- Gajanand International RHP
- Gajanand International Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
Gajanand International Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 0.02 | 1.11 | 2.17 |
| PE ratio | – | – | 16.59 |
| RONW (%) | 0.70 | 25.76 | 19.30 |
| NAV | 97.10 | 130.78 | 13.52 |
| ROCE (%) | 13.64 | 31.30 | 29.72 |
| EBITDA (%) | 2.00 | 3.73 | 3.72 |
| Debt/Equity | 3.60 | 2.15 | 0.68 |
Gajanand International IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| – | – | – | – |
Gajanand International IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
|---|---|---|---|
| Shares Offered | 27,24,000 | 27,24,000 | 54,48,000 |
| 11 Sep 2024 | 5.89 | 24.15 | 15.02 |
| 10 Sep 2024 | 1.01 | 7.67 | 4.34 |
| 9 Sep 2024 | 0.17 | 1.81 | 0.99 |
The market maker reservation portion of 2,88,000 shares is not included in the above calculations.
Gajanand International IPO Allotment Status
Gajanand International IPO allotment status is now available on Skyline Financial Services’ website. Click on this link to get allotment status.
Gajanand International IPO Dates & Listing Performance
| IPO Opening Date | 9 September 2024 |
| IPO Closing Date | 11 September 2024 |
| Finalization of Basis of Allotment | 12 September 2024 |
| Initiation of refunds | 13 September 2024 |
| Transfer of shares to demat accounts | 13 September 2024 |
| IPO Listing Date | 16 September 2024 |
| Opening Price on NSE SME | INR 42 per share (up 16.67%) |
| Closing Price on NSE SME | INR 39.90 per share (up 10.83%) |
Gajanand International Offer Lead Manager
FAST TRACK FINSEC PRIVATE LIMITED
Office No. V-116, 1st Floor, New Delhi House, 27,
Barakhamba Road, New Delhi – 110001
Phone: +91 11 43029809
Email:Â [email protected]
Website:Â www.ftfinsec.com
Gajanand International Offer Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
A/506, Dattani Plaza, Andheri Kurla Road, Safeed Pool,
Andheri East, Mumbai – 400 072, Maharashtra, India
Phone:Â +91 22 2851 1022
Email:Â [email protected]
Website:Â www.skylinerta.com
Gajanand International Issue Contact Details
GAJANAND INTERNATIONAL LIMITED
Survey No. 1257/1266,
Jasdan-Atkot Roadnr. Bypass Circle,
Jasdan, Rajkot, Gujarat-360050
Phone: +91 99094 46110
E-mail: [email protected]
Website: www.gajanand-int.com
IPO FAQs
What is Gajanand International offer size?
Gajanand International offer size is INR 20.65 crores.
What is Gajanand International offer price band?
Gajanand International public offer price is INR 36 per share.
What is the lot size of Gajanand International IPO?
Gajanand International offer lot size is 3,000 shares.
What is Gajanand International IPO GMP today?
Gajanand International IPO GMP today is INR NA per share.
What is Gajanand International kostak rate today?
Gajanand International kostak rate today is INR NA per application.
What is Gajanand International Subject to Sauda rate today?
Gajanand International’s Subject to Sauda rate today is INR NA per application.
