Gajanand International Limited IPO (Gajanand International IPO) Detail , Date, Price, GMP & Allotment 2024

Gajanand International Limited IPO Overview

The Gajanand International Limited IPO, a fixed-price issue valued at ₹20.65 crores, is set to offer 57.36 lakh fresh shares. This IPO provides a significant investment opportunity, opening for subscription on September 9, 2024, and closing on September 11, 2024.

IPO Details:

• Issue Size: ₹20.65 crores
• Number of Shares: 57.36 lakh
• Price Per Share: ₹36
• Listing Exchange: NSE SME
• Tentative Listing Date: September 16, 2024

Investment Information:

• Minimum Lot Size: 3,000 shares
• Minimum Investment for Retail Investors: ₹108,000
• Minimum Investment for HNI: 6,000 shares (2 lots) amounting to ₹216,000

Key Contacts:

• Book Running Lead Manager: Fast Track Finsec Pvt Ltd
• Registrar: Skyline Financial Services Private Ltd
• Market Maker: Nikunj Stock Brokers

For comprehensive details, including the company’s financials and IPO terms, please refer to the Gajanand International IPO Red Herring Prospectus (RHP). Don’t miss out on this opportunity to invest in a leading player in the cotton industry!

Gajanand International Limited IPO Important dates

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
The 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

Gajanand International Limited Financial Performance

Financial Summary of Gajanand International Limited (₹ in Crores)

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	₹39.31 crores	₹19.01 crores	₹19.44 crores
Revenue	₹108.75 crores	₹73.42 crores	₹61.76 crores
Profit After Tax	₹2.24 crores	₹1.41 crores	₹0.03 crores
Net Worth	₹17.71 crores	₹5.48 crores	₹4.07 crores
Reserves and Surplus	₹4.61 crores	₹5.06 crores	₹3.65 crores
Total Borrowing	₹12.07 crores	₹11.79 crores	₹14.65 crores

Gajanand International Limited IPO Key Performance Indicator

The market capitalization of Gajanand International IPO is Rs 67.81 Cr.

KPI as of March 31, 2024.

Gajanand International Limited 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 the Working Capital requirements of the Company;
• To meet out the General Corporate Purposes; and
• To meet out the Issue Expenses.

Gajanand International Limited IPO Lot Size

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

Gajanand International Limited IPO Details

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
Shareholding pre-issue	13,099,568
Shareholding post issue	18,835,568
Market Maker portion	288,000 shares

Gajanand International Limited IPO Company Overview and Services

Founded in 2009 and previously known as Gajanand Cottex Private Limited, Gajanand International Limited specializes in the production of high-quality, contamination-free, and sustainable cotton.

Product Portfolio:

• Mech1 Cotton: Cultivated in Madhya Pradesh and Maharashtra, this variety is sown between June and July and harvested from November to January.
• Shankar6 Cotton: Known for being the most exported raw cotton variety in India, Shankar6 is a popular domestic variety.
• DCH 32 Cotton: Grown in Karnataka, Tamil Nadu, and Madhya Pradesh, this cotton is sown in July-August and harvested from December to March.
• Khol: Produced from premium quality, pure cotton seeds.

Company Strengths:

• Capacity: Gajanand International boasts an impressive installed capacity of 37,500 MT per year.
• Location Advantage: Strategic positioning ensures easy access to raw materials and efficient transportation.
• Scalability: The company’s expanding operations and diversified product range enhance its adaptability to market changes.
• Workforce: As of March 31, 2024, the company employs 22 skilled professionals.

Gajanand International Limited is dedicated to sustainable practices and quality production, positioning itself as a key player in the cotton industry.

Gajanand International Limited IPO SWOT Analysis

Strengths:

• Established Market Presence: Gajanand International Limited has a strong foothold in its industry, with a proven track record and established brand reputation.
• Diverse Product Range: The company offers a wide range of products, which helps mitigate risks associated with reliance on a single product line and caters to various market segments.
• Strong Financial Performance: Historically strong financial metrics, such as robust revenue growth and profitability, enhance investor confidence.
• Experienced Management Team: The company benefits from a seasoned management team with extensive industry experience and strategic vision.

Weaknesses:

• High Dependence on Specific Markets: The company may be heavily reliant on specific geographic or product markets, making it vulnerable to regional economic downturns or market saturation.
• Operational Challenges: Any operational inefficiencies or supply chain issues could impact the company’s ability to deliver products consistently and maintain profitability.
• Debt Levels: If the company has high levels of debt, it may affect financial flexibility and increase the cost of capital.

Opportunities:

• Market Expansion: Opportunities to expand into new geographic markets or diversify product offerings could drive growth and increase market share.
• Technological Advancements: Leveraging new technologies and digital tools can enhance operational efficiency, product innovation, and customer engagement.
• Growing Industry Demand: Increased demand in the company’s industry can present opportunities for growth and scaling operations.

Threats:

• Intense Competition: The company faces competition from other established players in the industry, which could pressure margins and market share.
• Economic Fluctuations: Economic downturns or instability in key markets can adversely affect the company’s financial performance and growth prospects.
• Regulatory Risks: Changes in regulations or compliance requirements could impact operations and increase operational costs.

Gajanand International Limited IPO GMP Details

GMP for Gajanand International SME IPO has not started yet. We are updating the GMP information daily. Please visit us again soon for the latest GMP updates.

The GMP for Gajanand International SME IPO has started from 2 sessions. It is still very early to determine the direction of the GMP. Stay tuned to learn more about Gajanand International SME IPO daily GMP performance and expected listing price.

GMP Date	IPO Price	GMP	Sub2 Sauda Rate	Estimated Listing Price	Last Updated
06-09-2024	36.00	₹0	—	₹36 (0%)	6-Sep-2024
05-09-2024	36.00	₹0	—	₹36 (0%)	5-Sep-2024

Gajanand International Limited IPO subscription status 

Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.

Gajanand International Limited IPO Allotment status 

The allotment status of Gajanand International IPO is expected to be available on September 12, 2024.

Gajanand International IPO allotment status is not available at this time. Gajanand International IPO – The allotment status will be available once the basis of the allotment is finalized. Please revisit us to check the latest updates for Gajanand International Limited IPO allotment status.

To check Gajanand International’s IPO allotment status, follow the steps below:

• Click on the below allotment status check button.
• Select Company Name.
• Enter your PAN Number, Application Number, or DP Client ID (Anyone).
• Click on Search.

On securing the allotment, you will receive the credit of equivalent shares in your Demat account.

If you have any concerns or queries about the allotment status, contact Skyline Financial Services Private Ltd either by phone or email. Investors can call 02228511022 or send an email with all relevant details to ipo@skylinerta.com.

Gajanand International Limited Contact Details

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/

Want to Raise money for your company through SME IPO? Read More

Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.