The Gajanand International IPO is set to open on September 9, 2024, and will close on September 11, 2024. This is a Fixed Price Issue, with the company aiming to raise approximately ₹20.65 crores. The IPO consists of a fresh issue of ₹20.65 crores and an offer for sale of up to [.] equity shares, each with a face value of ₹10.
The price band for the Gajanand International IPO is fixed at ₹36 per share. The allocation is as follows: 50% for retail investors, 00% for Qualified Institutional Buyers (QIBs), and 50% for High Net-Worth Individuals (HNIs). The IPO is expected to list on NSE on September 16, 2024, with allotment scheduled for September 12, 2024.
In terms of financial performance, Gajanand International reported revenue of ₹73.42 crores in 2023, up from ₹61.76 crores in 2022. The company’s profit also increased to ₹1.41 crores in 2023, compared to ₹0.03 crores in 2022. Based on these financials, long-term investors may find the IPO appealing.
Gajanand International IPO Objectives:
The company plans to use the funds raised from the IPO for the following purposes, while benefiting from listing on the Emerge Platform of NSE:
Addressing the company’s working capital needs
Supporting general corporate purposes
Covering IPO-related expenses
Gajanand International SME IPO Review (Apply or Not):
Review coming soon
Gajanand International IPO Date & Price Band 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% |
| QIB Quota: | Not more than 00% |
| NII Quota: | Not more than 50% |
Gajanand International IPO Lot Size:
The minimum lot size for the Gajanand International IPO is 3,000 shares, with a required investment of ₹108,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 3000 | ₹ 1,08,000 |
| Retail Maximum | 1 | 3000 | ₹ 1,08,000 |
| HNI Minimum | 2 | 6000 | ₹ 2,16,000 |
Read Also: Share Samadhan IPO Date, Review, Price, Allotment Details
Gajanand International IPO Timeline:
The Gajanand International IPO will open on September 9, 2024, and close on September 11, 2024. Allotment results are anticipated to be finalized on September 12, 2024, with the IPO scheduled for 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 |
Gajanand International IPO GMP Today:
The GMP for the Gajanand International SME IPO has not been updated yet. We provide daily updates on GMP information, so please check back soon for the latest updates.
Promoters of Gajanand International IPO:
The promoters of Gajanand International Limited are Mr. Ashok Bhagvanbhai Monsara, Mrs. Truptiben Ashokbhai Monsara, and Mr. Ashish Dhirajlal Monsara.
About Gajanand International IPO:
Founded in 2009, Gajanand International Limited has established a strong reputation in its sector. The company is known for its high-quality services and specializes in MECH1 Cotton, SHANKAR6 Cotton, DCH 32 Cotton, and Khol. It operates a cutting-edge manufacturing infrastructure to ensure contamination-free and sustainable cotton at competitive prices. The company also maintains a hygienic warehouse and packaging facility for optimal product storage. With a significant presence across India—including Madhya Pradesh, Maharashtra, Orissa, Tamil Nadu, and Telangana—and international reach to countries such as Bangladesh, China, Turkey, Vietnam, and Africa, Gajanand International Limited is well-positioned in the global market.
Gajanand International IPO Financial Report:
The company reported a revenue of ₹73.42 crores in 2023, up from ₹61.76 crores in 2022. Its profit increased to ₹1.41 crores in 2023, compared to ₹0.03 crores in 2022.
| Amount in Crore | ||||
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2021 | ₹58.46.56 | ₹58.45.11 | ₹ 0.01 | ₹ 19.43 |
| 2022 | ₹61.76.21 | ₹61.72.26 | ₹ 0.03 | ₹ 19.44 |
| 2023 | ₹73.42.4 | ₹71.54.13 | ₹ 1.41 | ₹ 19.01 |
| Nov-23 | ₹46.60.41 | ₹43.92.80 | ₹ 1.10 | ₹ 37.49 |
Gajanand International IPO Valuation – FY2023
Review the valuation details for the Gajanand International IPO, including key metrics such as Earnings Per Share (EPS), Price-to-Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV).
| KPI | Values |
| ROE: | 43.73% |
| ROCE: | 25.65% |
| EBITDA Margin: | 15.93% |
| PAT Margin: | 7.30% |
| Debt to equity ratio: | 2.18 |
| Earning Per Share (EPS): | ₹1.11 (Basic) |
| Price/Earning P/E Ratio: | 32.43 |
| Return on Net Worth (RoNW): | 25.76% |
| Net Asset Value (NAV): | ₹ 4.41 |
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 | 8.1 | 427.39 Cr. |
| Axita Cotton Limited | 0.87 | 30.92 | 0.87 | 2.66 | 17.09 Cr. |
Gajanand International IPO Registrar:
- Skyline Financial Services Private Ltd
- Phone: 022 28511022
- Email: ipo@skylinerta.com
- Website: https://www.skylinerta.com/ipo.php
- IPO Lead Managers (Merchant Bankers):
- Fast Track Finsec Pvt Ltd
Company Address:
- Gajanand International Limited
- Survey No. 1257/1266,
- Jasdan-Atkot Road, near Bypass Circle,
- Jasdan, Rajkot – 360050
- Phone: +91-99094 46110
- Email: info@gajanand-int.com
- Website: https://www.gajanand-int.com/
Gajanand International IPO FAQs
What is the Gajanand International IPO?
The Gajanand International IPO is an SME IPO aiming to raise ₹20.65 crores. The issue is priced at ₹36 per equity share, and the IPO will be listed on the NSE.
When will the Gajanand International IPO open for subscription?
The IPO will open on September 9, 2024, for QIB, NII, and retail investors and will close on September 11, 2024.
What is the investors’ portion for the Gajanand International SME IPO?
The allocation for investors is divided as follows: 0% for QIBs, 50% for NIIs, and 50% for retail investors.
How can I apply for the Gajanand International SME IPO?
You can apply for the Gajanand International SME IPO online through ASBA using your bank account or via UPI through your stockbroker. Alternatively, you can apply offline by filling out a form with your stockbroker.
What is the issue size of the Gajanand International SME IPO?
The issue size for the Gajanand International SME IPO is ₹20.65 crores.
What is the price band for the Gajanand International SME IPO?
The price band for the Gajanand International IPO is set at ₹36 per share.
What is the lot size for the Gajanand International IPO?
The minimum lot size is 3,000 shares, requiring an investment of ₹108,000.
