Gajanand International IPO Details
| IPO Size | 20.65 |
| Price Range | ₹36 |
| Retail Quota | 50% |
| QIB Quota | --- |
| NII Quota | 50% |
| Employee Discount | -- |
| Listing at | NSE |
| Minimum Quantity | 3000 |
| Investment (cut-off price) | ₹108,000 |
| Pre IPO Promotor Holding | 90.50% |
| Post IPO Promotor Holding | -- |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Gajanand International IPO Timelines
09/09/2024
Start Date11/09/2024
End Date13/09/2024
Refund Initiation13/09/2024
Credit of Shares to Demat Ac16/09/2024
Listing DateGajanand International IPO Lot Size
| 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 Subscription Status
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| -- | 5.79 x | 24.18 x | -- | 15.27 x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹42 | ₹39.90 | ₹43 | ₹39.90 |
Gajanand International IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2021 | ₹58.46 | ₹58.45 | ₹0.01 |
| FY 2022 | ₹61.76 | ₹61.72 | ₹0.03 |
| FY 2023 | ₹73.42 | ₹71.54 | ₹1.41 |
| FY 2024 | ₹46.60 | ₹43.92 | ₹1.10 |
About Company
Gajanand International Limited, originally incorporated as Gajanand Cottex Private Limited in June 2009, is an ISO 9001:2015-certified cotton manufacturer based in Gujarat. The company specialises in producing high-quality cotton varieties such as Mech1 and Shankar6. The company’s modern manufacturing facilities are equipped with advanced machinery for ginning, quality inspection, storage, and packing, ensuring efficient production processes. Gajanand International places a strong emphasis on delivering premium cotton products while maintaining long-term associations with its clients.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2009 | Agricultural | Ashok Monsara |
Know Before Investing
Gajanand International IPO Strengths
- An installed capacity of 37,500 MT annually ensures efficient market demand fulfillment.
- Strategic location near cotton-growing regions reduces costs and delays.
- Regular quality checks ensure consistent delivery of superior cotton products.
- Local suppliers streamline supply chains, enhancing production and delivery efficiency.
Gajanand International IPO Risks
- Seasonal volatility in cotton availability may cause revenue fluctuations.
- Lack of long-term supplier contracts could disrupt raw material procurement.
- Reliance on first-generation promoters may impact company growth and stability.
- Negative cash flows from operations could affect future growth prospects.
Swot Analysis for Gajanand International IPO
Strengths
Weaknesses
Opportunities
Threats
Company Details
Gajanand International 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/
IPO Registar Details
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: [email protected]
Website: https://www.skylinerta.com/ipo.php
FAQs
The key objectives of Gajanand International IPO are:
- To meet out the Working Capital requirements of the Company;
- To meet out the General Corporate Purposes; and
- To meet out the Issue Expenses.
Fast Track Finsec Pvt Ltd. is the book-running lead managers for the Gajanand International IPO.