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Gajanand International IPO is a fixed price issue of Rs 20.65 crores. The issue is entirely a fresh issue of 57.36 lakh shares.
Gajanand International IPO bidding started from September 9, 2024 and ended on September 11, 2024. The allotment for the Gajanand International IPO is expected to be finalized on Thursday, September 12, 2024. Gajanand International IPO will list on NSE SME with tentative listing date fixed as Monday, September 16, 2024.
Gajanand International IPO price is ₹36 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹108,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹216,000.
Fast Track Finsec Pvt Ltd is the book running lead manager of the Gajanand International IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Gajanand International IPO is Nikunj Stock Brokers.
Refer to Gajanand International IPO RHP for detailed information.
| IPO Date | September 9, 2024 to September 11, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹36 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 5,736,000 shares (aggregating up to ₹20.65 Cr) |
| Fresh Issue | 5,736,000 shares (aggregating up to ₹20.65 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 13,099,568 |
| Share holding post issue | 18,835,568 |
| Market Maker portion | 288,000 shares Nikunj Stock Brokers |
Gajanand International IPO offers 57,36,000 shares. 27,24,000 (47.49%) to NII, 27,24,000 (47.49%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 2,88,000 (5.02%) |
| Other Shares Offered | 27,24,000 (47.49%) |
| Retail Shares Offered | 27,24,000 (47.49%) |
| Total Shares Offered | 57,36,000 (100%) |
Gajanand International IPO opens on September 9, 2024, and closes on September 11, 2024.
| IPO Open Date | Monday, September 9, 2024 |
| IPO Close Date | Wednesday, September 11, 2024 |
| Basis of Allotment | Thursday, September 12, 2024 |
| Initiation of Refunds | Friday, September 13, 2024 |
| Credit of Shares to Demat | Friday, September 13, 2024 |
| Listing Date | Monday, September 16, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 11, 2024 |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below 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 | ₹108,000 |
| Retail (Max) | 1 | 3000 | ₹108,000 |
| HNI (Min) | 2 | 6,000 | ₹216,000 |
| Lot Size Calculator | |||
Mr. Ashok Bhagvanbhai Monsara, Mrs. Truptiben Ashokbhai Monsara, and Mr. Ashish Dhirajlal Monsara are the promoters of the company.
| Share Holding Pre Issue | 90.50% |
| Share Holding Post Issue |
Founded in 2009, Gajanand International Limited, formerly known as Gajanand Cottex Private Limited, is engaged in the production of contamination-free and sustainable cotton.
The company's product portfolio includes:
Company strengths:
As of March 31, 2024, the company had 22 employees.
Gajanand International Limited's revenue increased by 48% and profit after tax (PAT) rose by 59% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| 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 and Surplus | 461.4 | 505.75 | 364.7 | |||||||||||||||||||||||||||
| Total Borrowing | 1,207.07 | 1,179.48 | 1,465.28 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
The market capitalization of Gajanand International IPO is Rs 67.81 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 19.30% |
| ROCE | 29.72% |
| Debt/Equity | 0.68 |
| RoNW | 19.30% |
| P/BV | 2.1 |
| PAT Margin (%) | 2.06 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1.71 | 1.19 |
| P/E (x) | 21.08 | 30.31 |
The Company proposes to utilize the funds being raised towards funding the following objects and achieve the benefits of listing on the Emerge Platform of NSE.
The objects of the Issue are:-
[Dilip Davda] The company is in the business of manufacturing and marketing of variety of cotton. It has posted growth in its top and bottom lines for the reported periods. Based on FY24 earnings, the issue relatively appears fully priced. Considering the current fancy and bright prospects for the company, well-informed investors may park funds for medium to long term. Read detail review...
The Gajanand International IPO is subscribed 15.27 times on September 11, 2024 6:19:03 PM. The public issue subscribed 24.18 times in the retail category, times in the QIB category, and 5.79 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 5.79 |
| Retail | 24.18 |
| Total | 15.27 |
Total Application : 21,955 (24.18 times)
Gajanand International Limited
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/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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Check our SME IPO Guide 
Gajanand International IPO is a SME IPO of 5,736,000 equity shares of the face value of ₹10 aggregating up to ₹20.65 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 3000 Shares.
The IPO opens on September 9, 2024, and closes on September 11, 2024.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Gajanand International IPO using UPI as a payment gateway. Zerodha customers can apply in Gajanand International IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Gajanand International IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Gajanand International IPO opens on September 9, 2024 and closes on September 11, 2024.
Gajanand International IPO lot size is 3000 Shares, and the minimum amount required is ₹108,000.
You can apply in Gajanand International IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Gajanand International IPO will be done on Thursday, September 12, 2024, and the allotted shares will be credited to your demat account by Friday, September 13, 2024. Check the Gajanand International IPO allotment status.
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