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Gajanand International IPO is a fixed price issue of ₹20.65 crores. The issue is entirely a fresh issue of 0.57 crore shares of ₹20.65 crore.
Gajanand International IPO bidding started from Sep 9, 2024 and ended on Sep 11, 2024. The allotment for Gajanand International IPO was finalized on Sep 12, 2024. The shares got listed on NSE SME on Sep 16, 2024.
Gajanand International IPO price is ₹36.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,08,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,16,000.
Fast Track Finsec Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Nikunj Stock Brokers Ltd..
Refer to Gajanand International IPO RHP for detailed Information.
| IPO Date | September 9, 2024 to September 11, 2024 |
| Listing Date | September 16, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹36 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 57,36,000 shares (aggregating up to ₹20.65 Cr) |
| Reserved for Market Maker | 2,88,000 shares Nikunj Stock Brokers Ltd. (aggregating up to ₹1.04 Cr) |
| Net Offered to Public | 54,48,000 shares (aggregating up to ₹19.61 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,30,99,568 shares |
| Share Holding Post Issue | 1,88,35,568 shares |
Gajanand International IPO offers total 57,36,000 shares. Out of which 27,24,000 (47.49%) allocated to NII, 27,24,000 (47.49%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,88,000 (5.02%) |
| NII (HNI) Shares Offered | 27,24,000 (47.49%) |
| Retail Shares Offered | 27,24,000 (47.49%) |
| Total Shares Offered | 57,36,000 (100.00%) |
Gajanand International IPO opens on September 9, 2024, and closes on September 11, 2024.
| IPO Open Date | Mon, Sep 9, 2024 |
| IPO Close Date | Wed, Sep 11, 2024 |
| Tentative Allotment | Thu, Sep 12, 2024 |
| Initiation of Refunds | Fri, Sep 13, 2024 |
| Credit of Shares to Demat | Fri, Sep 13, 2024 |
| Tentative Listing Date | Mon, Sep 16, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Sep 11, 2024 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,08,000 |
| Retail (Max) | 1 | 3,000 | ₹1,08,000 |
| HNI (Min) | 2 | 6,000 | ₹2,16,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - 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 |
| Total Income | 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 ₹67.81 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 19.30% |
| ROCE | 29.72% |
| Debt/Equity | 0.68 |
| RoNW | 19.30% |
| PAT Margin | 2.06% |
| Price to Book Value | 2.10 |
| 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...
| Listing Date | September 16, 2024 |
| BSE Script Code | |
| NSE Symbol | GAJANAND |
| ISIN | INE0QTE01018 |
| Final Issue Price | ₹36 per share |
| NSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹36.00 |
| Open | ₹42.00 |
| Low | ₹39.90 |
| High | ₹43.00 |
| Last Trade | ₹39.90 |
Gajanand International Ltd.
Survey No. 1257/1266,
Jasdan-Atkot Roadnr. Bypass Circle,
Jasdan, Rajkot - 360050
Jasdan, Gujarat
Phone: +91-99094 46110
Email: info@gajanand-int.com
Website: https://www.gajanand-int.com/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Gajanand International IPO is a SME IPO of 57,36,000 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.
The IPO opens on September 9, 2024, and closes on September 11, 2024.
Skyline Financial Services Pvt.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, and the minimum amount required for application is ₹1,08,000.
You can apply in Gajanand International IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Gajanand International IPO listing date is on Monday, September 16, 2024.
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