Gajanand International IPO Date, Review, Price, Allotment Details

Gajanand International IPO open date is September 9, 2024 and the IPO will close on September 11, 2024. Gajanand International IPO is a Fixed Price Issue. The company to raise around ₹20.65 crores via IPO that comprises fresh issue of ₹20.65 crores and offer for sale up to [.] equity shares with face value of ₹10 each.

Gajanand International IPO price band is ₹36 per share. The retail quota is 50%, QIB is 00%, and HNI is 50%. Gajanand International IPO to list on NSE on September 16, 2024. The allotment of Gajanand International IPO date is September 12, 2024.

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. As per the financials the IPO investors should apply the IPO for a long term.

Gajanand International IPO

Table of Contents


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.

ApplicationLot SizeSharesAmount
Retail Minimum13000₹108,000
Retail Maximum13000₹108,000
HNI Minimum26000₹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 EndedRevenueExpenseProfit After TaxAssets
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.

KPIValues
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

CompanyEPSPE RatioRoNW %NAVIncome
Arvind Limited13.4928.771.27126.06312.55 Cr.
Trident Limited0.8452.090.848.10427.39 Cr.
Axita Cotton Limited0.8730.920.872.6617.09 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

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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/

Gajanand International IPO FAQs

What is Gajanand International IPO?

Gajanand International IPO is a SME IPO. The company is going to raise ₹20.65 Crores via IPO. The issue is priced at ₹36 pr equity share. The IPO is to be listed on NSE.

When Gajanand International IPO will open for subscription?

The IPO is to open on September 9, 2024 for QIB, NII, and Retail Investors. The IPO will close on September 11, 2024.

What is Gajanand International IPO Investors Portion?

The investors’ portion for QIB is 00%, NII is 50%, and Retail is 50%.

How to Apply the Gajanand International IPO?

You can apply for 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.

What is Gajanand International IPO Issue Size?

Gajanand International IPO issue size is ₹20.65 crores.

What is Gajanand International IPO Price Band?

Gajanand International IPO Price Band is ₹36.

What is Gajanand International IPO Lot Size?

The minimum bid is 3000 Shares with ₹108,000 amount.

What is the Gajanand International IPO Allotment Date?

Gajanand International IPO allotment date is September 12, 2024.

What is the Gajanand International IPO Listing Date?

Gajanand International IPO listing date is September 16, 2024. The IPO is to list on NSE.

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).
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