Gajanand International Limited
Fixed Price IPO · NSE
- Price band
- ₹36 - ₹36
- Lot size
- 3,000 shares
- Issue amount
- ₹20.65 cr
- Total subscription
- 15.04×
- Opens
- 9 Sept 2024
- Closes
- 11 Sept 2024
- Allotment
- 12 Sept 2024
- Listing
- 16 Sept 2024
Offer at a glance
Issue overview
- Issue size
- 57,36,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,08,000
- Fresh issue
- ₹20.65 cr
- Offer for sale
- ₹0 cr
- Registrar
- Skyline Financial Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,08,000
- Issue type
- Fixed Price IPO
- Shares before issue
- 1,30,99,568
- Shares after issue
- 1,88,35,568
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 3,000 | ₹1,08,000 |
| HNI | 2 | 6,000 | ₹2,16,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 0 | 57.77 |
| RETAIL | 9.81 | 0 |
| NIB | 9.81 | 237.11 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 2.17 | 1.11 | 0.02 |
| ROE | 19.3 | 29.57 | 0.7 |
| ROCE | 29.72 | 31.3 | 13.64 |
| RONW | 19.3 | 29.57 | 0.7 |
| PRE IPO(PE) | 21.08 | 0 | 0 |
| POST IPO (PE) | 30.31 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Gajanand International Limited, founded in 2009 (formerly Gajanand Cottex Private Limited), is known for producing contamination-free and sustainable cotton. The company offers a variety of cotton products, including Mech1 Cotton, grown in Madhya Pradesh and Maharashtra, Shankar6 Cotton, India's most exported raw cotton, and DCH 32 Cotton, cultivated in Karnataka, Tamil Nadu, and Madhya Pradesh. They also produce Khol, made from high-quality cotton seeds. As of March 31, 2024, the company has 22 employees.
Strengths
- Proven History: Founded in 2009, known for top-quality, eco-friendly cotton products.
- Government Backing: Enjoys support from Indian textile policies and incentives.
- Expert Leadership: Led by experienced promoters with strong industry knowledge, boosting efficiency and innovation.
Risk factors
- Seasonal Volatility: Changes in cotton demand and supply during different seasons can impact business performance and financial health.
- Supply Chain Risks: Not having long-term deals with suppliers might cause raw material shortages, which could affect daily business operations.
- First-Generation Promoters: The promoters have limited business experience, which could make it harder to handle tough market situations.
Promoters
Mr. Ashok Bhagvanbhai Monsara
Mrs. Truptiben Ashokbhai Monsara
Mr. Ashish Dhirajlal Monsara
Registrar & documents
Lead manager
Fast Track Finsec Private Limited
Registrar & contacts
Skyline Financial Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Survey No. 1257/1266, Jasdan-Atkot Roadnr. Bypass Circle, Jasdan, Rajkot - 360050
+91-99094 46110
[email protected]Company website ↗Understanding GAJANAND IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.