Gajanand International IPO will open for subscription from 09 September 2024. The company aims for an issue size of ₹20.65 Cr through this IPO.
Company Overview
| Full name | Gajanand International Limited |
| Sector | Agriculture |
| Industry | Agriculture |
| Company Website | https://www.gajanand-int.com/ |
About Company
The company is engaged in producing contamination-free and sustainable cotton. It deals in prominent cotton varieties including MECH1, SHANKAR6, DCH 32 and KHOL.
MECH1: It is grown in Madhya Pradesh and Maharashtra and is sown in the June/July period and harvested from November to January. SHANKAR6: This variety is grown domestically and is the most exported raw cotton variety in India. DCH 32: 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 has an installed capacity of 37,500 MT/year. The company also has a warehouse and a packaging facility at its factory. As of 31 March 2024, the company had 22 employees. The Company`s compititive strengths:
- The company has an installed capacity of 37,500 MT/year
- Location advantage: Raw material harvesting nearby/easy availability and readily available transportation.
- Increasing scalability of the company and self-consumption: By expanding its operations and diversifying its product offering, the company has improved its ability to adapt quickly to changing market demand.
The Objectives of the Issue
- To meet the Working Capital requirements of the Company;
- General Corporate Purposes; and
- To meet out the Issue Expenses.
Gajanand International IPO Timetable
| IPO Opening date | 09 September 2024 |
| IPO Closing | 11 September 2024 |
| Basis of Allotment | 12 September 2024 |
| Initiation Refund | 13 September 2024 |
| Credit to Demat Account | 13 September 2024 |
| Listing Date | 16 September 2024 |
Gajanand International IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹20.65 Cr – 5,736,000 shares |
| Fresh Issue | ₹20.65 Cr – 5,736,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹36 per share |
| Lot size | 3000 Shares |
| Market Maker portion | 288,000 shares |
| Shareholding pre-issue | 13,099,568 |
| Shareholding post-issue | 18,835,568 |
| Listing Exchange | BSE SME |
Gajanand International IPO Lot Size
| 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 Offer Documents
Gajanand International IPO Reservation Details
| Retail Shares Offered | 50% of the net offer |
| Other Offered | 50% of the net offer |
Gajanand International Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 8M FY 2024 | |
| Revenue | 58.46 | 61.74 | 73.36 | 46.59 |
| Expenses | 58.45 | 61.72 | 71.54 | 43.93 |
| Net income | 0.01 | 0.03 | 1.41 | 1.99 |
Gajanand International Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.01 | 0.02 | 1.11 |
| PE ratio | – | – | 32.43 |
| RONW (%) | 0.25 | 0.70 | 25.76 |
| NAV | 3.18 | 3.20 | 4.41 |
| ROCE (%) | 16.48 | 13.64 | 31.30 |
| EBITDA (%) | 2.26 | 2.00 | 3.75 |
| Debt/Equity | 3.53 | 3.60 | 2.15 |
Company Promoters
- Mr. Ashok Bhagvanbhai Monsara
- Mrs. Truptiben Ashokbhai Monsara
- Mr. Ashish Dhirajlal Monsara
Promoter Holding
| Pre Issue Share Holding | 90.50% |
| Post Issue Share Holding |
Gajanand International Offer GMP Update
Coming Soon
Gajanand International IPO Subscription Update
Coming Soon
Gajanand International IPO Allotment Status
Gajanand International IPO allotment status will be available on Skyline Financial Services’ website. Click on this link to get allotment status.
Gajanand International IPO Listing Details
| Listing Date | 16 September 2024 |
| BSE Scrip Code | Coming Soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | BSE SME |
| Final Issue Price | Coming Soon |
| Open | |
| Low | |
| High | |
| Last Trade |
Gajanand International IPO Lead Manager(s)
FAST TRACK FINSEC PRIVATE LIMITED
Office No. V-116, 1st Floor, New Delhi House, 27,
Barakhamba Road, New Delhi – 110001
Phone: +91 11 43029809
Email: investor@ftfinsec.com
Website: www.ftfinsec.com
Gajanand International Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
A/506, Dattani Plaza, Andheri Kurla Road, Safeed Pool,
Andheri East, Mumbai – 400 072, Maharashtra, India
Phone: +91 22 2851 1022
Email: ipo@skylinerta.com
Website: www.skylinerta.com
Gajanand International Contact Details
GAJANAND INTERNATIONAL LIMITED
Survey No. 1257/1266,
Jasdan-Atkot Roadnr. Bypass Circle,
Jasdan, Rajkot, Gujarat-360050
Phone: +91 99094 46110
E-mail: info@gajanand-int.com
Website: www.gajanand-int.com
Gajanand International IPO FAQs
What is Gajanand International’s offer size?
Gajanand International offer size is ₹ 20.65 crores.
What is Gajanand International offer price band?
Gajanand International public offer price is ₹ 36 per share.
What is the lot size of Gajanand International IPO?
Gajanand International offer lot size is 3,000 shares.
What is Gajanand International Offer GMP today?
Gajanand International IPO GMP today is ₹ NA per share.
What is Gajanand International kostak rate today?
Gajanand International kostak rate today is ₹ NA per application.
What is Gajanand International Subject to Sauda rate today?
Gajanand International’s Subject to Sauda rate today is ₹ NA per application.
Final thoughts
Gajanand International IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
