Gajanand International IPO Details: The Gajanand International IPO is set to open on September 9, 2024, and will close on September 11, 2024. This IPO is a Fixed Price Issue, aiming to raise approximately ₹20.65 crores. It includes a fresh issue of ₹20.65 crores and an offer for sale of up to [.] equity shares, each with a face value of ₹10.
The price band for the Gajanand International IPO is ₹36 per share. The allocation is structured as follows: 50% for retail investors, 00% for Qualified Institutional Buyers (QIBs), and 50% for High Net-Worth Individuals (HNIs). The IPO is expected to list on the NSE on September 16, 2024, with the allotment date scheduled for September 12, 2024.
In the financial year 2023, the company reported revenue of ₹73.42 crores, up from ₹61.76 crores in 2022. Net profit also increased significantly to ₹1.41 crores in 2023, compared to ₹0.03 crores the previous year. Based on these financials, the IPO presents a promising opportunity for long-term investors.
Gajanand International IPO Objectives:
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:-
- To meet out the Working Capital requirements of the Company;
- To meet out the General Corporate Purposes; and
- To meet out the Issue Expenses.
Gajanand International IPO Review (Apply or Not)
- Update soon
Gajanand International IPO Date & Price Band Details:
| IPO Open Date: | September 9, 2024 |
| IPO Close Date: | September 11, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹36 Per Share |
| Issue Size: | Approx ₹20.65 Crores |
| Fresh Issue: | Approx ₹20.65 Crores |
| Offer for Sale: | NA |
| Issue Type: | Fixed Price Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 50% |
| QIB Quota: | Not more than 00% |
| NII Quota: | Not more than 50% |
Gajanand International IPO Lot Size:
For the Gajanand International IPO, the minimum market lot consists of 3,000 shares, requiring an application amount of ₹108,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 3000 | ₹108,000 |
| Retail Maximum | 1 | 3000 | ₹108,000 |
| HNI Minimum | 2 | 6000 | ₹216,000 |
Gajanand International IPO Timeline:
The Gajanand International IPO will open on September 9, 2024, and close on September 11, 2024. Allotment results are expected to be finalized on September 12, 2024, with the IPO scheduled to list on September 16, 2024.
| 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 |
Gajanand International IPO GMP Today:
GMP for Gajanand International SME IPO has not started yet. We are updating the GMP information on a daily basis. Please visit us again soon for the latest GMP updates.
Promoters of Gajanand International IPO
The promoters of Gajanand International Limited are Mr. Ashok Bhagvanbhai Monsara, Mrs. Truptiben Ashokbhai Monsara, and Mr. Ashish Dhirajlal Monsara.
About Gajanand International IPO
Established in 2009, Gajanand International Limited has built a strong reputation in its industry. Renowned for its commitment to delivering high-quality services, the company specializes in MECH1 Cotton, SHANKAR6 Cotton, DCH 32 Cotton, and Khol. It boasts a state-of-the-art manufacturing infrastructure that ensures contamination-free and sustainable cotton at competitive prices. The company operates a hygienic warehouse and packaging facility, designed for optimal product storage. Gajanand International Limited has a robust presence across India, including Madhya Pradesh, Maharashtra, Orissa, Tamil Nadu, and Telangana, and extends its reach globally to Bangladesh, China, Turkey, Vietnam, and Africa.
Gajanand International IPO Company Financial Report
The company reported revenue of ₹73.42 crores in 2023 against ₹61.76 crore in 2022. The company reported profit of ₹1.41 crores in 2023 against profit of ₹0.03 crores in 2022.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2021 | ₹58.46.56 | ₹58.45.11 | ₹0.01 | ₹19.43 |
| 2022 | ₹61.76.21 | ₹61.72.26 | ₹0.03 | ₹19.44 |
| 2023 | ₹73.42.4 | ₹71.54.13 | ₹1.41 | ₹19.01 |
| Nov 2023 | ₹46.60.41 | ₹43.92.80 | ₹1.10 | ₹37.49 |
Gajanand International IPO Valuation – FY2023
Check Gajanand International IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 43.73% |
| ROCE: | 25.65% |
| EBITDA Margin: | 15.93% |
| PAT Margin: | 7.30% |
| Debt to equity ratio: | 2.18 |
| Earning Per Share (EPS): | ₹1.11 (Basic) |
| Price/Earning P/E Ratio: | 32.43 |
| Return on Net Worth (RoNW): | 25.76% |
| Net Asset Value (NAV): | ₹4.41 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Arvind Limited | 13.49 | 28.77 | 1.27 | 126.06 | 312.55 Cr. |
| Trident Limited | 0.84 | 52.09 | 0.84 | 8.10 | 427.39 Cr. |
| Axita Cotton Limited | 0.87 | 30.92 | 0.87 | 2.66 | 17.09 Cr. |
Gajanand International IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
IPO Lead Managers aka Merchant Bankers
- Fast Track Finsec Pvt Ltd
Company Address
Gajanand International IPO 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/
Gajanand International IPO FAQs
1. What is the Gajanand International IPO?
The Gajanand International IPO (Initial Public Offering) is the process through which Gajanand International Limited will offer its shares to the public for the first time. This allows investors to purchase shares of the company and become shareholders.
2. When is the Gajanand International IPO open?
The IPO will open on September 9, 2024, and close on September 11, 2024.
3. How can I apply for the Gajanand International IPO?
Investors can apply for the IPO through their stockbroker or through online trading platforms that offer IPO services. You will need to have a demat account and a trading account to apply.
4. What is the minimum lot size for the Gajanand International IPO?
The minimum market lot for the Gajanand International IPO is 3,000 shares, with an application amount of ₹108,000.
5. What is the allotment date for the Gajanand International IPO?
The allotment of shares for the IPO will be finalized on September 12, 2024.
6. When will the Gajanand International IPO be listed on the stock exchange?
The Gajanand International IPO is scheduled to list on the stock exchange on September 16, 2024.
7. Who are the promoters of Gajanand International Limited?
The promoters of Gajanand International Limited are Mr. Ashok Bhagvanbhai Monsara, Mrs. Truptiben Ashokbhai Monsara, and Mr. Ashish Dhirajlal Monsara.
8. What does Gajanand International Limited do?
Gajanand International Limited, established in 2009, is known for its high-quality cotton products, including MECH1 Cotton, SHANKAR6 Cotton, DCH 32 Cotton, and Khol. The company operates with a focus on contamination-free and sustainable cotton production and has a presence in both domestic and international markets.
9. In which regions does Gajanand International Limited operate?
Domestically, the company operates in Madhya Pradesh, Maharashtra, Orissa, Tamil Nadu, and Telangana. Internationally, it has a presence in Bangladesh, China, Turkey, Vietnam, and Africa.
10. How can I track the performance of Gajanand International shares after the IPO?
Once the IPO is listed, you can track the performance of Gajanand International shares through financial news platforms, stock market websites, and your trading account.
