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.
Gajanand International IPO – Details
| IPO Opening Date | 09 September 2024 |
| IPO Closing Date | 11 September 2024 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | Total Issue Size: 57,36,000 Shares Worth ₹20.65 Crore Fresh Issue: 57,36,000 Shares Worth ₹20.65 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹36 |
| Market Lot | 3000 Shares |
| Min Order | 3000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Skyline Financial Services Private Ltd |
| Retail Shares Offered | 50% |
| Other Shares Offered | 50% |
Gajanand International IPO – Date Schedule
| IPO Open Date | 09 September 2024 |
| IPO Close Date | 11 September 2024 |
| Basis of Allotment | 12 September 2024 |
| Initiation of Refund | 13 September 2024 |
| Credit of Shares to Demat Account | 13 September 2024 |
| IPO Listing Date | 16 September 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 11, 2024 |
Gajanand International IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹1,08,000 |
| Retail (Max) | 1 | 3000 | ₹1,08,000 |
| HNI (Min) | 2 | 6000 | ₹2,16,000 |
Competitive Strengths
- Good track record;
- Government support Textile industry;
- Leveraging the experience of our Promoters;
- Experienced management team and a motivated and efficient work force;
- Cordial relations with our consumers;
- Quality assurance and control.
Company Promoters
- Mr. Ashok Bhagvanbhai Monsara
- Mrs. Truptiben Ashokbhai Monsara
- Mr. Ashish Dhirajlal Monsara
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 61.76 | 61.72 | 0.02 | 14.65 |
| 31 March 2023 | 73.42 | 71.54 | 1.41 | 11.79 |
| 31 March 2024 | 108.74 | 105.74 | 2.23 | 12.07 |
Key Performance Indicator
| 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 |
Object 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.
Gajanand International IPO Promoter Holding
| Pre Issue Share Holding | 90.50% |
| Post Issue Share Holding | – |
Gajanand International IPO Prospectus
Company Contact Information
| 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/ |
Gajanand International IPO Registrar
| Skyline Financial Services Private Ltd Phone: 02228511022 Email: ipo@skylinerta.com Website: https://www.skylinerta.com/ipo.php |
Gajanand International IPO Lead Manager(s)
| 1. Fast Track Finsec Pvt Ltd |
Gajanand International IPO FAQs
| What is Gajanand International IPO? Gajanand International IPO is a SME IPO. The issue is priced at ₹36 per equity share. The IPO is to be listed on NSE SME. |
| When Gajanand International IPO will open? The IPO is to open on 09 September 2024 for QIB, NII, and Retail Investors. |
| What is Gajanand International IPO Investors Portion? The investors’ portion for Retail – 50% and Other – 50%. |
| How to Apply the Gajanand International IPO? You can apply Gajanand International IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Gajanand International IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Gajanand International IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Gajanand International IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Gajanand International IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Gajanand International IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Gajanand International IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Gajanand International IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Gajanand International IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Gajanand International IPO Size? Gajanand International IPO size is ₹20.65 Crore. |
| What is Gajanand International IPO Price Band? Gajanand International IPO Price Band is ₹36. |
| What is Gajanand International IPO Minimum and Maximum Lot Size for retail? The minimum bid is 3000 Shares with ₹1,08,000 amount while the maximum bid is 3000 Shares with ₹1,08,000. |
| What is the Gajanand International IPO Allotment Date? Gajanand International IPO allotment date is 12 September 2024. |
| What is the Gajanand International IPO Listing Date? Gajanand International IPO listing date is 16 September 2024. The IPO is to be listed on NSE SME. |
