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Gajanand International IPO

  • Status: Closed
  • RHP:
  • ₹ 108,000 / 3000 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    16 Sep 2024

  • Listing Price

    ₹ 42.00

  • Listing Change

    16.67%

  • Last Traded Price

    ₹ 22.70

IPO Details

  • Open Date

    09 Sep 2024

  • Close Date

    11 Sep 2024

  • IPO Price Range

    ₹ 36

  • IPO Size

    ₹ 20.65 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    16 Sep 2024

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IPO Timeline

Gajanand International IPO Subscription Status

Last Updated: 11 September 2024 6:35 PM by 5Paisa

Last Updated: 11th September 2024, 06:34 PM by 5paisa

Gajanand International IPO is set to open on 09 September 2024 and will close on 11 September 2024.  Gajanand International specializes in producing sustainable and contamination free cotton.

The IPO includes a fresh issue of 57.36 lakh shares aggregating ₹20.65 Cr and it does not include an offer for sale. The price is set at ₹36 per share and the lot size is 3000 shares. 

The allotment is scheduled to be finalised on 12 September 2024. It will go public on NSE SME, with a tentative listing date of 16 September 2024.

Fast Track Finsec Pvt Ltd is the book-running lead manager, while Skyline Financial Services Private Ltd is the registrar. 
 

Gajanand International IPO Size

Types Size (₹Cr)
Total IPO Size 20.65
Offer For Sale -
Fresh Issue 20.65

 

Gajanand International IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 3000 ₹108,000
Retail (Max) 1 3000 ₹108,000
HNI (Min) 2 6000 ₹216,000

 

Gajanand International IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
NII (HNI) 5.79 27,24,000 1,57,59,000 56.73
Retail 24.18 27,24,000 6,58,65,000 237.11
Total 15.27 54,48,000 8,31,75,000 299.43

 

1. Working Capital Requirements.
2. General Corporate Purposes.
3. To meet out the Issue Expenses.
 


Gajanand International Limited, established in 2009 formerly Gajanand Cottex Private Limited, specializes in producing sustainable and contamination-free cotton. Their product lineup includes Mech1 cotton, grown in Madhya Pradesh and Maharashtra and harvested between November and January. Shankar6 cotton, India's most exported raw cotton, is also part of their offerings. DCH 32 cotton is grown in Karnataka, Tamil Nadu, and Madhya Pradesh, with a harvest season from December to March. Additionally, they produce Khol, which is made from high-quality cotton seeds.  As of 31 March 2024, the company employed 22 people.
 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue 73.42 61.76 58.47
EBITDA 2.74  1.24  1.32
PAT 1.41 0.03 0.01
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets 19.01 19.44 19.43
Share Capital 0.42 0.42 0.42
Total Borrowings 3.01 4.42 4.42
Particulars (in Rs. Crores) FY24 FY23 FY22
Net Cash Generated From / (used in) operating activities 3.80 0.90 -0.37
Net Cash Generated From / (used in) investing activities -0.15  0.05 0.01
Net Cash Generated From / (used in) financing activities -3.68 -0.73 0.22
Net Increase (Decrease) In Cash And Cash Equivalents 0.07  0.31 0.14


Strengths

1. Close proximity to raw material sources and easy access to transportation provides a logistical advantage.

2. The company is expanding its operations and diversifying its products, allowing it to scale up and respond more effectively to market changes.

3. The company can produce up to 37,500 MT per year.
 

Risks

1. The company's revenue is heavily reliant on the cotton industry. Any adverse changes in cotton prices, demand, or agricultural conditions could impact their financial performance.

2. The cotton industry is highly competitive, both domestically and internationally. Increased competition could affect the company’s market share and profitability.

3. The company’s operations depend on the timely availability of raw materials and efficient transportation. Any disruption in the supply chain could hinder production and increase costs.
 

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FAQs

Gajanand International IPO opens from 09th September to 11th September 2024.

The size of the Gajanand International IPO is ₹20.65 Cr.

The price band of Gajanand International IPO is fixed at ₹36 per share. 

To apply for Gajanand International IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Gajanand International IPO.    
●    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.
 

The minimum lot size of Gajanand International IPO is 3000 shares and the minimum investment required is ₹108,000.
 

The share allotment date of Gajanand International IPO is 12th September 2024

The Gajanand International IPO will be listed on 16th September 2024.

Fast Track Finsec Pvt Ltd is the book-running lead manager for Gajanand International IPO.
 

Gajanand International plans to utilise the raised capital from the IPO for:

1. Working Capital Requirements.
2. General Corporate Purposes.
3. To meet out the Issue Expenses.