The Gajanand International IPO is set to open on September 9, 2024, and will close on September 11, 2024. Notably, this Fixed Price Issue aims to raise approximately ₹20.65 crores. This amount comprises a fresh issue of ₹20.65 crores, alongside an offer for sale of equity shares with a face value of ₹10 each.
Table of contents
- Gajanand International IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Crores)
- IPO Lot Size
- The objective of the Issue
- Company Promoters
- Gajanand International IPO GMP (Grey Market Premium)
- Gajanand International IPO Application Form PDF
- Gajanand International IPO Subscription Status
- Gajanand International IPO Allotment Status
- IPO Review
- Gajanand International IPO Registrar
- Gajanand International IPO Lead Manager
- Gajanand International IPO Limited Contact
- FAQs
Gajanand International IPO Overview
| Overview Points | Description |
|---|---|
| Company Name | Gajanand International Limited |
| Industry | Cotton and Textile |
| IPO Issue Type | Fixed Price Issue |
| Open Date | September 09, 2024 |
| Close Date | September 11, 2024 |
| Total Issue Size | ₹20.65 Crores(5,736,000 Equity Shares) |
| Face Value | ₹10 Per Equity Share |
| Fresh Issue | ₹20.65 Crores(5,736,000 Equity Shares) |
| Price Band | ₹36 per share |
| Listing on | NSE SME |
| Lot Size | 3000 Shares |
| Offer for Sale | NA |
| Shares Offered to Retail | 50% |
| Shares Offered to QIB | 00% |
| Shares Offered to HNI | 50% |
Company Details
Founded in 2009, Gajanand International Limited, formerly known as Gajanand Cottex Private Limited, is renowned for producing contamination-free and sustainable cotton. The company has established a strong market presence by offering high-quality products at affordable prices.
The company’s product portfolio includes Mech1 cotton, which is cultivated in Madhya Pradesh and Maharashtra, sown in June/July, and harvested between November and January. Additionally, Shankar6 cotton, grown domestically, is one of the most exported raw cotton varieties from India. DCH 32 cotton, which is sown in July-August and harvested from December to March, is cultivated in Karnataka, Tamil Nadu, and Madhya Pradesh. Lastly, Khol, made from high-quality and pure cotton seeds, complements the company’s diverse product range.
Furthermore, Gajanand International Limited operates a hygienic warehouse and packaging facility, organized into sections for efficient product storage. The company’s reach extends across India, with a presence in Madhya Pradesh, Maharashtra, Orissa, Tamil Nadu, and Telangana, and it also serves global markets in Bangladesh, China, Turkey, Vietnam, and Africa.
Key Dates
| Events | Date |
|---|---|
| IPO Open Date | September 9, 2024 |
| IPO Close Date | September 11, 2024 |
| Basis of Allotment | September 12, 2024 |
| Refunds | September 13, 2024 |
| Credit to Demat Account | September 13, 2024 |
| IPO Listing Date | September 16, 2024 |
Financials (₹ in Crores)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | ₹39.31 | ₹19.00 | ₹19.44 |
| Revenue | ₹108.74 | ₹73.42 | ₹61.76 |
| Profit After Tax | ₹2.23 | ₹1.41 | ₹0.02 |
| Net Worth | ₹17.71 | ₹5.47 | ₹4.06 |
| Reserves and Surplus | ₹4.61 | ₹5.05 | ₹3.64 |
| Total Borrowing | ₹12.07 | ₹11.79 | ₹14.65 |
IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹108,000 |
| Retail (Max) | 1 | 3000 | ₹108,000 |
| HNI (Min) | 2 | 6000 | ₹216,000 |
The objective of the Issue
- To address the working capital needs of the company.
- To cover general corporate purposes.
- Additionally, to handle the issue expenses.
Company Promoters
- Mr. Ashok Bhagvanbhai Monsara
- Mrs. Truptiben Ashokbhai Monsara
- Mr. Ashish Dhirajlal Monsara.
Gajanand International IPO GMP (Grey Market Premium)
Curious about the latest Grey Market Premium (GMP) for the Gajanand International IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including Gajanand International Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
Gajanand International IPO Application Form PDF
To download the Gajanand International IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
Gajanand International IPO Subscription Status
This IPO subscription kicks off on September 09, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Gajanand International IPO Allotment Status
To check the Gajanand International IPO allotment status go to the IPO registrar website Skyline or go to IPO Allotment.
To check allotment status. Firstly, follow the steps below:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- Firstly, the company boasts a good track record.
- Additionally, government support for the textile industry benefits the company.
- Furthermore, leveraging the experience of our promoters enhances our strategic advantages.
- Moreover, the experienced management team, along with a motivated and efficient workforce, contributes to our success.
- We also maintain cordial relations with our consumers.
- Finally, quality assurance and control are fundamental to our operations.
Risks:
- However, the business is subject to seasonal volatility, which leads to fluctuations in both the results of operations and financial condition.
- Additionally, the absence of long-term contracts with suppliers poses a risk of raw material unavailability, which may adversely impact business operations.
- It is also worth noting that the current promoters are first-generation entrepreneurs.
- Moreover, the company has experienced negative cash flows from operating, investing, and financing activities in the current and past years. Consequently, sustained negative cash flow could impact growth and business.
- Finally, the lack of long-term or definitive agreements with customers means that if they choose not to source their requirements from us, the company’s business, financial condition, and results of operations could be adversely affected.
Gajanand International IPO Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
A/506, Dattani Plaza, Andheri Kurla Road, Safeed Pool,
Andheri East, Mumbai – 400 072, Maharashtra, India
Phone: +91 22 2851 1022
Email: ipo@skylinerta.com
Website: www.skylinerta.com
Gajanand International IPO 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: investor@ftfinsec.com
Website: www.ftfinsec.com
Gajanand International IPO Limited Contact
GAJANAND INTERNATIONAL LIMITED
Survey No. 1257/1266,
Jasdan-Atkot Roadnr. Bypass Circle,
Jasdan, Rajkot, Gujarat-360050
Phone: +91 99094 46110
E-mail: info@gajanand-int.com
Website: www.gajanand-int.com
FAQs
Gajanand International’s IPO will open on September 9, 2024, and it will close on September 11, 2024.
Specifically, the lot size for Gajanand International Ltd is 3,000 shares, and the minimum investment amount required is ₹1,08,000.
Notably, Gajanand International’s IPO has an issue size of ₹20.65 crores.
Furthermore, the allotment date for Gajanand International’s IPO is September 12, 2024.
Finally, Gajanand International’s IPO is scheduled to be listed on the NSE on September 16, 2024.
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