Gajanand International IPO Allotment Status

Summary

Gajanand International IPO has garnered a strong response from investors, closing with an impressive subscription of 15.27 times by 11th September 2024 at 5:35:03 PM (Day 3). The public issue witnessed substantial demand particularly from the Retail Investors category, which was subscribed 24.18 times, reflecting significant interest from individual investors.

The Non-Institutional Investors (NII) category also showed solid engagement, subscribing 5.79 times. This robust response, especially from retail investors, underscores the positive market sentiment towards Gajanand International's offering and suggests optimistic investor expectations for the company's future performance.

How to Check Gajanand International IPO Allotment Status:

How do you Check Gajanand International IPO Allotment Status on the Registrar's Site?

Step 1: Visit the web gateway of Skyline Financial Services Private Ltd.  (https://www.skylinerta.com/ipo.php)

Step 2: From the selection menu, choose Gajanand International IPO.

Step 3: Pick a mode from the following three: PAN ID, Demat Account number, or Application number

Step 4: Choose "Application Type," then "ASBA" or "non-ASBA."

Step 5: Enter the information relevant to the mode you have chosen.

Step 6: For security reasons, please fill out the captcha accurately.

Step 7: Click "Submit."

How to Check Gajanand International IPO Allotment Status on BSE?

On the website of the Bombay Stock Exchange (BSE), investors who placed a bid for the Gajanand International IPO can monitor the allotment status:

Step 1: Click on this link: https://www.bseindia.com/investors/appli_check.aspx

Step 2: Click on "Issue Type" and choose "Equity."

Step 3: Choose "Gajanand International Limited" from the dropdown menu under "Issue Name."

Step 4: Enter your application number.

Step 5: Give the PAN ID.

Step 6: Select 'I am not a robot' and press the search button.

How to Check IPO Allotment Status in a Bank Account?

Log into your Internet Banking: Go to your bank's website or mobile app and log in.

Explore IPO Section: Locate the "IPO Services" or "Application Status" sections by going to the IPO Section. You can find this under the investing or services tab.

Offer Required Information: You might be asked to provide information like your PAN, application number, or other identifiers.

Verify Allotment Status: Once you submit your information, an IPO allotment status indicating the available allocation shares should appear.

Verify Status: To ensure accuracy, you can verify the status with the IPO Registrar or use other resources.

How to Check IPO Allotment Status in a Demat Account? 

Open Your Demat Account and Log in: To access your Demat account, use the mobile app or website of your Depository Participant (DP).

Find IPO Section: Look for the section titled "IPO" or "Portfolio." Search for any services or entries connected to the IPO.

Verify IPO Allotment Status: Look through the IPO section to see if the shares you were given are visible in your Demat account. This section often displays the status of your IPO application.

Verify with Registrar: If the IPO shares are inaccessible, visit the Registrar's website and enter your application data to verify allocation.

Contact DP service if Needed: If there are any discrepancies or problems, contact your DP's customer service.

Gajanand International IPO Timeline:

Gajanand International IPO Subscription Status

The Gajanand International IPO received 15.27 subscriptions. By 11th September 2024 at 5:35:03 PM (Day 3), the public issue had been subscribed 24.18 times in the retail category and 5.79 times in the NII category.

Subscription Day 3 (as of 5:35:03 PM)
Total Subscription: 15.27 times.
Non-institutional investors: 5.79 times.
Retail investors: 24.18 times.

Subscription Day 2
Total Subscription: 4.43 times.
Non-institutional investors: 0.92 times.
Retail investors: 7.93 times.

Subscription Day 1
Total Subscription: 1.03 times.
Non-institutional investors: 0.17 times.
Retail investors: 1.88 times.

Gajanand International IPO Details 

Gajanand International's initial public offering (IPO) is a fixed price issue amounting to ₹20.65 crores. This offering consists entirely of a fresh issue of 57.36 lakh shares.

The bidding process for the Gajanand International IPO commenced on 9th September 2024 and concluded on 11th September 2024. The allotment results for this IPO are anticipated to be finalised on 12th September 2024. Furthermore, the shares of Gajanand International are set to be listed on the NSE SME, with a provisional listing date scheduled for 16th September 2024.

The price for the Gajanand International IPO has been established at ₹36 per share. Investors must apply for a minimum lot size of 3000 shares, which requires a minimum investment of ₹108,000 for retail investors. For non-institutional investors (NII), the minimum investment consists of 2 lots (6,000 shares), totalling ₹216,000.
Fast Track Finsec Pvt Ltd is the book-running lead manager for the Gajanand International IPO, and Skyline Financial Services Private Ltd is designated as the registrar.

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