Gajanand International Ltd. IPO
Issue Price
₹36
GMP
—
Lot Size
3,000
Face Value
₹10
Issue Size
5,736,000 shares (aggregating up to ₹21 Cr)
Subscription
—
IPO Timeline
Open Date9-Sep-24
Close Date11-Sep-24
Allotment12-Sep-24
Refund Initiation13-Sep-24
Demat Credit13-Sep-24
UPI Mandate Deadline11-Sep-24
Listing Date16-Sep-24
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 2,724,000 (47%) | — | ₹981 Cr |
| Retail | — | 2,724,000 (47%) | — | ₹981 Cr |
| Market Maker | — | 288,000 (5%) | — | ₹10 Cr |
| Σ Total | — | 5,736,000 (100%) | — | ₹20,650 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Issue Price / Price Band₹36
Face Value₹10
Lot Size3,000 shares
Issue Size5,736,000 shares (aggregating up to ₹21 Cr)
Issue TypeFixed Price IPO
Listing ExchangeNSE SME
Sale TypeFresh Capital
Script Code—
Net Offer to Public5,448,000 shares (aggregating up to ₹20 Cr)
Amount In₹ Lakhs
Stock Price History · NSE
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Yahoo Finance · Live
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹108,000 |
| Retail (Max) | 13 | 39,000 | ₹1,404,000 |
| S-HNI (Min) | 14 | 42,000 | ₹1,512,000 |
| B-HNI (Min) | 67 | 201,000 | ₹7,236,000 |
Retail1 lot(s)3,000 shares₹108,000
S-HNI2 lot(s)6,000 shares₹216,000
Financial Statements Amount in ₹ Lakhs
| Metric | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 10,875 | 7,342 | 6,176 |
| Profit After Tax | 224 | 141 | 3 |
| Net Worth | 1,771 | 548 | 407 |
| Total Assets | 3,931 | 1,901 | 1,944 |
| Reserves & Surplus | 461 | 506 | 365 |
| Total Borrowing | 1,207 | 1,179 | 1,465 |
Valuation & Key Ratios
ROE19%
ROCE30%
RONW19%
PAT Margin2%
EBITDA Margin—
Debt/Equity1
P/BV2
Pre EPS₹2
Post EPS₹1
Pre P/E21
Post P/E30
Grey Market Premium (GMP)
—
Current GMP
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- To meet out the Working Capital requirements of the Company; –
- To meet out the General Corporate Purposes; and –
- To meet out the Issue Expenses. –
Company Overview
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:
- Mech1 cotton: grown in Madhya Pradesh and Maharashtra, it is sown in the June/July period and harvested from November to January.
- Shankar6 cotton: This is grown domestically and is the most exported raw cotton variety in India.
- DCH 32 cotton: 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.
Company strengths:
- The company has an installed capacity of 37,500 MT/year
- Location advantage: Raw material harvesting nearby/easy availability and readily available transportation.
- Increasing scalability of the company and self-consumption: By expanding its operations and diversifying its product offering, the company has improved its ability to adapt quickly to changing market demand.
As of March 31, 2024, the company had 22 employees.
Company Information
AddressSurvey No. 1257/1266, Jasdan-Atkot Roadnr. Bypass Circle, Jasdan, Rajkot - 360050 Jasdan, Gujarat
Phone+91-99094 46110