Gajanand International Limited IPO Details
SME
Gajanand International IPO opens for subscription on 09 Sep 2024 and closes on 11 Sep 2024. The IPO will be listed on NSE with the tentative listing date set for 16 Sep 2024.
Gajanand International IPO price band has been fixed at ₹36 – ₹36 per share.The face value is ₹10 per share with a lot size of 3000.
Gajanand International IPO total issue size comprises 57,36,000 shares (aggregating up to ₹20.65 Cr). This includes a fresh issue of 57,36,000 shares (aggregating up to ₹20.65 Cr). Pre-issue shareholding stands at 1,30,99,568, which will increase to 1,88,35,568 post-issue.
Gajanand International IPO Lot Size : Retain Minimum is 1 lot (3,000 shares) amounting to ₹108,000. Retain Maximum is 1 lot (3,000 shares) amounting to ₹108,000. HNI Minimum is 2 lots (6,000 shares) amounting to ₹216,000.
The Lead Managers for Gajanand International IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Fast Track Finsec Pvt Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Nikunj Stock Brokers. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Gajanand International Limited RHP.
Gajanand International IPO Details
Gajanand International IPO Subscription
Gajanand International IPO Application Wise Breakup
Gajanand International IPO Dates
- 09 Sep 2024Opening dateOPD
- 11 Sep 2024Closing dateCOD
- 12 Sep 2024Allotment Date BOA
- 13 Sep 2024Initiation of RefundsIOR
- 13 Sep 2024Credit of SharesCOS
- 16 Sep 2024Listing dateLID
Gajanand International IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retain Minimum | 1 | 3000 | ₹108,000 |
| Retain Maximum | 1 | 3000 | ₹108,000 |
| HNI Minimum | 2 | 6000 | ₹216,000 |
Gajanand International IPO Reservation
Promoter Holding
Gajanand International IPO Valuations
Gajanand International Financial Information
| Period Ended | 30 Nov 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
| Assets | 3,748.77 | 1,900.58 | 1,944.36 | 1,942.64 | ||||||||||||||||||||||||||||||||||||
| Revenue | 4,660.41 | 7,342.4 | 6,176.21 | 5,846.56 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 199.29 | 141.06 | 2.85 | 0.99 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 1,747 | 547.62 | 406.57 | 403.72 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 436.96 | 505.75 | 364.7 | 361.85 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 80,04,000 | 301.37 | 441.56 | 441.77 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
About Gajanand International IPO
Founded in 2009, Gajanand International Limited, formerly known as Gajanand Cottex Private Limited, is engaged in the production of contamination-free and sustainable cotton.
The company's product portfolio includes:
- Mech1 cotton: grown in Madhya Pradesh and Maharashtra, it is sown in the June/July period and harvested from November to January.
- Shankar6 cotton: This is grown domestically and is the most exported raw cotton variety in India.
- DCH 32 cotton: It is sown in the months of July-August and is ready for harvest from December to March. It is grown in the states of Karnataka, Tamil Nadu and Madhya Pradesh.
- Khol: It is made from high-quality and pure cotton seeds.
Company strengths:
- The company has an installed capacity of 37,500 MT/year
- Location advantage: Raw material harvesting nearby/easy availability and readily available transportation.
- Increasing scalability of the company and self-consumption: By expanding its operations and diversifying its product offering, the company has improved its ability to adapt quickly to changing market demand.
As of March 31, 2024, the company had 22 employees.
Strength Of Gajanand International IPO
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.
Risk Of Gajanand International IPO
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.
Objectives Gajanand International IPO
- To meet out the Working Capital requirements of the Company;
- To meet out the General Corporate Purposes; and
- To meet out the Issue Expenses.
Company Contact Details
Gajanand International Limited
Survey No. 1257/1266,
Jasdan-Atkot Roadnr. Bypass Circle,
Jasdan, Rajkot - 360050
Phone: +91-99094 46110
Email: info@gajanand-int.com
Website: https://www.gajanand-int.com/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Market Maker
Market Maker Reports
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