Gajanand International IPO 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% |
| NII Quota: | Not more than 50% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Gajanand International IPO IPO Market Lot
The Gajanand International IPO minimum market lot is 3000 shares with ₹108,000 application amount.
| 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 Dates
The Gajanand International IPO date is September 9, 2024 and the close date is September 11, 2024. The Gajanand International IPO allotment will be finalized on September 12, 2024 and the IPO listing 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 |
Promoters of Gajanand International IPO
The promoters of the company are Mr. Ashok Bhagvanbhai Monsara, Mrs. Truptiben Ashokbhai Monsara, and Mr. Ashish Dhirajlal Monsara.
About Gajanand International IPO
Gajanand International Limited was founded in 2009 and since then it has become a known name in its field. The company is a popular name in the market for offering high-quality service to its consumers. The main products the company serves are MECH1 Cotton, SHANKAR6 Cotton, DCH 32 Cotton, and Khol. It has a manufacturing infrastructure that produces contamination-free and sustainable cotton at an affordable price. The company has a hygienic warehouse and packaging facility, organized into sections for efficient product storage. In India, the company has a presence in Madhya Pradesh, Maharashtra, Orissa, Tamil Nadu, and Telangana while it has a global presence in 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 |
| 2022 | ₹61.76.21 | ₹61.72.26 | ₹0.03 | ₹19.44 |
| 2023 | ₹73.42.4 | ₹71.54.13 | ₹1.41 | ₹19.01 |
| 2024 | ₹108.75 | ₹105.74 | ₹2.24 | ₹39.31 |
Gajanand International IPO Valuation – FY2024
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: | 19.30% |
| ROCE: | 29.72% |
| EBITDA Margin: | 3.72% |
| PAT Margin: | 2.06% |
| Debt to equity ratio: | 0.68 |
| Earning Per Share (EPS): | ₹2.17 (Basic) |
| Price/Earning P/E Ratio: | 4.61 |
| Return on Net Worth (RoNW): | 19.30% |
| Net Asset Value (NAV): | ₹13.52 |
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. |
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.
Gajanand International IPO Review
- IPO Watch – May Apply
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Gajanand International IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: [email protected]
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: [email protected]
Website: https://www.gajanand-int.com/
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Note: The Gajanand International IPO price band and date are officially announced. The (Gajanand International IPO grey market premium) will be added to the IPO GMP page as it will start).
