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Gajanand International Ltd

Textiles

Offer Period :

9th to 11th Sep 2024

Established in 2009, Gajanand International Limited specializes in producing sustainable, contamination-free cotton. Their product range includes Mech1 cotton from Read more...Madhya Pradesh and Maharashtra, Shankar6, India's top raw cotton export, and DCH 32 cotton from Karnataka, Tamil Nadu, and Madhya Pradesh. They also produce Khol from high-quality cotton seeds. Harvest seasons vary, with Mech1 from November to January and DCH 32 from December to March. As of March 2024, the company employed 22 people. Read less

Gajanand International Ltd IPO Details

IPO Date 9th to 11th Sep 2024 Minimum Investment ₹108000 / 1 Lots
Listing Date 2024-09-16 Maximum Investment ₹108000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹20.65 Crores
Price ₹36 to ₹36 per share Fresh Issue ₹20.65 Crores
Lot Size 1 Lots (3000 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 9th to 11th Sep 2024
Listing Date 2024-09-16
Face Value ₹10 per share
Price ₹36 to ₹36 per share
Lot Size 1 Lots (3000 Shares)
Listing At NSE-SME
Employee Discount ₹0 per share
Minimum Investment ₹108000 / 1 Lots
Maximum Investment ₹108000 / 1 Lots
Total Issue Size ₹20.65 Crores
Fresh Issue ₹20.65 Crores
Offer For Sale
Retail Discount ₹ 0

Timeline

Important dates for allocation and IPO listing.

9th Sep

IPO Starts

11th Sep

IPO Ends

12th Sep

Allotment Date

12th Sep

Initiation of Refund

13th Sep

Credit of Shares to Demat Account

16th Sep

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 90.5 62.34
Public Group 9.5 37.66

Gajanand International Ltd IPO Reservation

QIB Shares Offered 0(0%)
NII (HNI) Shares Offered 2724000(47.49%)
Retail Shares Offered 2724000(47.49%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 5736000
Total Shares With Anchor Investor 5736000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Gajanand International Ltd IPO Registrar

Skyline Financial Services Pvt
Phone Number +91-11-40450193-97;
Email Id ipo@skylinerta.com
Our Website www.skylinerta.com

Gajanand International Ltd IPO Lead Manager

1. Fast Track Finsec Pvt Ltd

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Gajanand International Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Non Institutional Investors 30,12,000 28,95,000 7,557.0
Retail Individual Investors (RIIs) 27,24,000 2,26,71,000 7,557.0
Total 57,36,000 2,55,66,000 7,557.0

Strength of Gajanand International Ltd

1. Good track record.

2. Government support Textile industry.

3. Leveraging the experience of its Promoters.

4. Experienced management team and a motivated and efficient work force.

5. Cordial relations with its consumers.

6. Quality assurance and control.

Risks Involved

1. Its business is subject to seasonal volatility which contributes to fluctuations in the company's results of operations and financial condition.

2. The company does not have long term contracts with its suppliers and therefore, there may be potential unavailability of raw materials (Supply Chain Risks) in future which may adversely affect its business operations.

3. Its present promoters of the Company are first generation entrepreneurs.

4. The Company has negative cash flows from its operating activities, investing activities as well as financing activities in the current and past years, details of which are given below. Sustained negative cash flow could impact its growth and business.

5. Omission of Some Objects in the Memorandum of Association of the Company.

6. Its top 5 customers contributed 84.39%, 85% and 98% of the company total revenue from operations for the year ended March 31, 2024, for the year ended March 31, 2023 and for the year ended March 31, 2022. Any loss of business from one or more of them may adversely affect its revenues and profitability.

7. The company has not entered into any long term or definitive agreements with its customers. If the company customers choose not to source their requirements from it, its business, financial condition and results of operations may be adversely affected.

8. Its top 5 customers contributed 84.39%, 85%and 98% of the company total revenue from operations for the year ended March 31, 2024, for the year ended March 31, 2023 and for the year ended March 31, 2022. Any loss of business from one or more of them may adversely affect its revenues and profitability.

9. Its dependence upon transportation services for supply and transportation of the company products are subject to various uncertainties and risks, and delays in delivery may result in rejection of products by customer.

10. Any adverse movement in the price of the raw material may affect the price of the finished products and affect its profitability.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Gajanand International Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-09-16 92904 GAJANAND
INE0QTE01018
₹36 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹36 ₹36
Open ₹0 ₹42
Low ₹0 ₹39.9
High ₹0 ₹43
Low ₹0 ₹39.9

Frequently Asked Questions

What is Gajanand International Ltd IPO?

Answer Field

Gajanand International Ltd IPO is a SME IPO of 57,36,000 equity shares of a face value of ₹10 aggregating up to ₹20.65 Crores. The issue is priced at ₹36 to ₹36 per share. The minimum order quantity is 3000 Shares. The IPO opens on September 09, 2024, and closes on September 11, 2024. Skyline Financial Services Pvt is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Gajanand International Ltd IPO will open?

Answer Field

The Gajanand International Ltd IPO opens on September 09, 2024 and closes on September 11, 2024.

What is the lot size of Gajanand International Ltd?

Answer Field

Gajanand International Ltd lot size is 3000 shares, and the minimum amount required is ₹1,08,000.

How to apply for Gajanand International Ltd IPO?

Answer Field

You can apply in Gajanand International Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Gajanand International Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Gajanand International Ltd IPO will be done on September 12, 2024, and the allotted shares will be credited to your demat account by September 13, 2024.

When is Gajanand International Ltd IPO listing date?

Answer Field

The Gajanand International Ltd listing date is September 16, 2024.

Who is the registrar of Gajanand International Ltd IPO?

Answer Field

The registrar of Gajanand International Ltd IPO is Skyline Financial Services Pvt

Which company is the book-running lead manager of the IPO?

Answer Field

Fast Track Finsec Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Gajanand International Ltd IPO?

Answer Field

The fresh issue size is ₹20.65 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Gajanand International Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 3000 shares and ₹1,08,000 amount.

How can I approve the UPI mandate request for Gajanand International Ltd IPO?

Answer Field

To apply for Gajanand International Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Gajanand International Ltd?

Answer Field

The price of each Gajanand International Ltd share will be ranging in between ₹36 to ₹36 per share.

What is the cut-off time for the UPI mandate for Gajanand International Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, September 11, 2024.

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