Gajanand International Limited (NSE SME)
Sep 9, 2024 - Sep 11, 2024
| Price | ₹36 - ₹36 |
| Premium | ₹0 |
|---|---|
| Lot size | 3000 |
| Allotment | Sep 12, 2024 |
| Listing | Sep 16, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 3000 | 108000 | 908 |
| HNI | 2 | 6000 | 216000 | 908 |
Last updated on 11-Sep-2024 17:07:13
| Category | Offered | Applied | Times |
|---|---|---|---|
| NIB | 2724000 | 16047000 | 5.89 |
| RETAIL | 2724000 | 65865000 | 24.18 |
| Total | 5448000 | 81912000 | 15.04 |
| Retail Apps | 21955 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹0.28 | @8% ₹0.33 | @9% ₹0.37 | @10% ₹0.41 | @11% ₹0.45 | @12% ₹0.49 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 47.5% | 2724000 |
| Other | 47.5% | 2724000 |
| Market Maker | 5.00% | 288000 |
| Total No. of Shares | 100.0% | 5736000 |
Gajanand International IPO Details
| Issue Size | 5,736,000 shares (aggregating up to ₹20.65 Cr) |
| Fresh Issue | 5,736,000 shares (aggregating up to ₹20.65 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 13,099,568 |
| Share holding post issue | 18,835,568 |
| Market Maker portion | 288,000 shares Nikunj Stock Brokers |
Key Performance Indicator
| KPI | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 19.30% | 29.57% | 0.70% |
| ROCE | 29.72% | 31.30% | 13.64% |
| RONW | 19.30% | 29.57% | 0.70% |
| EPS (basic) | 2.17 | 1.11 | 0.02 |
| P/E Pre IPO | 21.08 | ||
| P/E Post IPO | 30.31 |
Company Financials
Gajanand International Limited Financial Information (Restated)
| Period Ended | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| Assets | 3,931.10 | 1,900.58 | 1,944.36 |
| Revenue | 10,874.81 | 7,342.40 | 6,176.21 |
| Profit After Tax | 223.73 | 141.06 | 2.85 |
| Net Worth | 1,771.36 | 547.62 | 406.57 |
| Reserves and Surplus | 461.4 | 505.75 | 364.7 |
| Total Borrowing | 1,207.07 | 1,179.48 | 1,465.28 |
| Amount in Lakhs | |||
About Company
Gajanand International Limited, established in 2009 and formerly known as Gajanand Cottex Private Limited, specializes in producing contamination-free and sustainable cotton. The company offers a diverse range of cotton products, including Mech1 Cotton, cultivated in Madhya Pradesh and Maharashtra, planted in June/July and harvested from November to January. Shankar6 Cotton, a domestically grown variety, is the most exported raw cotton type from India. DCH 32 Cotton, grown in Karnataka, Tamil Nadu, and Madhya Pradesh, is sown in July-August and harvested from December to March. Additionally, the company produces Khol, made from high-quality, pure cotton seeds.As of March 31, 2024, the company had 22 employees.
Fast Track Finsec Pvt Ltd
Strong Track Record: Established in 2009, with a reputation for high-quality, sustainable cotton products.
Government Support: Benefiting from favorable policies and incentives in the Indian textile sector.
Experienced Promoters: Drawing on deep industry expertise to drive operational efficiency and innovation.
Seasonal Volatility: Fluctuations in cotton demand and supply affect operational results and financial stability.
Supply Chain Risks: Lack of long-term contracts with suppliers could lead to raw material shortages, impacting business operations.
First-Generation Promoters: Limited prior business experience may pose challenges in navigating complex market conditions.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php