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

CategoryOfferedAppliedTimes
NIB2724000160470005.89
RETAIL27240006586500024.18
Total54480008191200015.04
Retail Apps21955© 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
About

IPO Reservation

Investor CategoryShares OfferedNo. of Shares
Retail47.5%2724000
Other47.5%2724000
Market Maker5.00%288000
Total No. of Shares100.0%5736000

Gajanand International IPO Details

Issue Size5,736,000 shares
(aggregating up to ₹20.65 Cr)
Fresh Issue5,736,000 shares
(aggregating up to ₹20.65 Cr)
Issue TypeFixed Price Issue IPO
Listing AtNSE SME
Share holding pre issue13,099,568
Share holding post issue18,835,568
Market Maker portion288,000 shares
Nikunj Stock Brokers

Key Performance Indicator

KPIMar-24Mar-23Mar-22
ROE19.30%29.57%0.70%
ROCE29.72%31.30%13.64%
RONW19.30%29.57%0.70%
EPS
(basic)
2.171.110.02
P/E
Pre IPO
21.08
P/E
Post IPO
30.31

Company Financials

Gajanand International Limited Financial Information (Restated)

Period EndedMar-24Mar-23Mar-22
Assets3,931.101,900.581,944.36
Revenue10,874.817,342.406,176.21
Profit After Tax223.73141.062.85
Net Worth1,771.36547.62406.57
Reserves and Surplus461.4505.75364.7
Total Borrowing1,207.071,179.481,465.28
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.

Lead Manager(s)

Fast Track Finsec Pvt Ltd

Strength

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.

Weakness

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.

Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php