Gajanand International IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Sep 09 to Sep 11 2024
Price Band
₹36
Current GMP
₹42(16.67%)
Subscription
15.27 times
IPO Details
| IPO Date | September 9, 2024 to September 11, 2024 |
| Listing Date | Monday, September 16, 2024 |
| Face Value | ₹10 per share |
| Price | ₹36 per share |
| Lot Size | 3000 Shares |
| Total 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 |
IPO Date
September 9, 2024 to September 11, 2024
Listing Date
Monday, September 16, 2024
Face Value
₹10 per share
Price
₹36 per share
Lot Size
3000 Shares
Total 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
IPO Subscription Details
| Market Maker | 1 |
| Non-Institutional Buyers*** | 5.79 |
| Retail Investors | 24.18 |
| Total ** | 15.27 |
Market Maker
1
Non-Institutional Buyers***
5.79
Retail Investors
24.18
Total **
15.27
Day Wise Sub
| Day | NII* | Retail | Total |
|---|---|---|---|
| Day 1 Sep 9, 2024 | 0.17 | 1.88 | 1.03 |
| Day 2 Sep 10, 2024 | 0.92 | 7.93 | 4.43 |
| Day 3 Sep 11, 2024 | 5.79 | 24.18 | 15.27 |
DayDay 1
Sep 9, 2024
NII*0.17
Retail1.88
Total1.03
DayDay 2
Sep 10, 2024
NII*0.92
Retail7.93
Total4.43
DayDay 3
Sep 11, 2024
NII*5.79
Retail24.18
Total15.27
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 16-09-2024 | 36.00 | 0(0.0%) | 36 |
| 15-09-2024 | 36.00 | 0(0.0%) | 36 |
| 14-09-2024 | 36.00 | 0(0.0%) | 36 |
| 13-09-2024 | 36.00 | 0(0.0%) | 36 |
| 12-09-2024 | 36.00 | 0(0.0%) | 36 |
| 11-09-2024 | 36.00 | 0(0.0%) | 36 |
| 10-09-2024 | 36.00 | 5(13.89%) | 41 |
| 09-09-2024 | 36.00 | 18(50.0%) | 54 |
| 08-09-2024 | 36.00 | 0(0.0%) | 36 |
| 07-09-2024 | 36.00 | 0(0.0%) | 36 |
| 06-09-2024 | 36.00 | 0(0.0%) | 36 |
| 05-09-2024 | 36.00 | 0(0.0%) | 36 |
Date16-09-2024
Price36.00
GMP0(0.0%)
Estimate List Price36
Date15-09-2024
Price36.00
GMP0(0.0%)
Estimate List Price36
Date14-09-2024
Price36.00
GMP0(0.0%)
Estimate List Price36
Date13-09-2024
Price36.00
GMP0(0.0%)
Estimate List Price36
Date12-09-2024
Price36.00
GMP0(0.0%)
Estimate List Price36
Date11-09-2024
Price36.00
GMP0(0.0%)
Estimate List Price36
Date10-09-2024
Price36.00
GMP5(13.89%)
Estimate List Price41
Date09-09-2024
Price36.00
GMP18(50.0%)
Estimate List Price54
Date08-09-2024
Price36.00
GMP0(0.0%)
Estimate List Price36
Date07-09-2024
Price36.00
GMP0(0.0%)
Estimate List Price36
Date06-09-2024
Price36.00
GMP0(0.0%)
Estimate List Price36
Date05-09-2024
Price36.00
GMP0(0.0%)
Estimate List Price36
IPO Important Dates
| IPO Open Date | Monday, September 9, 2024 |
| IPO Close Date | Wednesday, September 11, 2024 |
| Basis of Allotment | Thursday, September 12, 2024 |
| Initiation of Refunds | Friday, September 13, 2024 |
| Credit of Shares to Demat | Friday, September 13, 2024 |
| Listing Date | Monday, September 16, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 11, 2024 |
IPO Open Date
Monday, September 9, 2024
IPO Close Date
Wednesday, September 11, 2024
Basis of Allotment
Thursday, September 12, 2024
Initiation of Refunds
Friday, September 13, 2024
Credit of Shares to Demat
Friday, September 13, 2024
Listing Date
Monday, September 16, 2024
Cut-off time for UPI mandate confirmation
5 PM on September 11, 2024
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹108,000 |
| Retail (Max) | 1 | 3000 | ₹108,000 |
| HNI (Min) | 2 | 6,000 | ₹216,000 |
ApplicationRetail (Min)
Lots1
Shares3000
Amount₹108,000
ApplicationRetail (Max)
Lots1
Shares3000
Amount₹108,000
ApplicationHNI (Min)
Lots2
Shares6,000
Amount₹216,000
Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 3,931.1 | 1,900.58 | 1,944.36 |
| Revenue | 10,874.81 | 7,342.4 | 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 |
Period EndedPeriod Ended
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
31 Mar 20243,931.1
31 Mar 20231,900.58
31 Mar 20221,944.36
Period EndedRevenue
31 Mar 202410,874.81
31 Mar 20237,342.4
31 Mar 20226,176.21
Period EndedProfit After Tax
31 Mar 2024223.73
31 Mar 2023141.06
31 Mar 20222.85
Period EndedNet Worth
31 Mar 20241,771.36
31 Mar 2023547.62
31 Mar 2022406.57
Period EndedReserves and Surplus
31 Mar 2024461.4
31 Mar 2023505.75
31 Mar 2022364.7
Period EndedTotal Borrowing
31 Mar 20241,207.07
31 Mar 20231,179.48
31 Mar 20221,465.28
Key Performance Indicator
| ROE | 19.30% |
| ROCE | 29.72% |
| Debt/Equity | 0.68 |
| RoNW | 19.30% |
| P/BV | 2.1 |
| PAT Margin (%) | 2.06 |
| EPS (Rs) | 1.71 |
ROE
19.30%
ROCE
29.72%
Debt/Equity
0.68
RoNW
19.30%
P/BV
2.1
PAT Margin (%)
2.06
EPS (Rs)
1.71
IPO Reservation
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 2,88,000 (5.02%) |
| Other Shares Offered | 27,24,000 (47.49%) |
| Retail Shares Offered | 27,24,000 (47.49%) |
| Total Shares Offered | 57,36,000 (100%) |
Anchor Investor Shares Offered
-
Market Maker Shares Offered
2,88,000 (5.02%)
Other Shares Offered
27,24,000 (47.49%)
Retail Shares Offered
27,24,000 (47.49%)
Total Shares Offered
57,36,000 (100%)
Information about company
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.
Objectives of IPO
The Company proposes to utilize the funds being raised towards funding the following objects and achieve the benefits of listing on the Emerge Platform of NSE.The objects of the Issue are:-
To meet out the Working Capital requirements of the Company;
To meet out the General Corporate Purposes; and
To meet out the Issue Expenses.
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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