Gajanand International Ltd
Price Range
₹36
Min. Quantity
3,000
Closes on
11 September 2024
Min. investment
₹1,08,000/3,000 Shares
Gajanand International Ltd IPO Timeline
Gajanand International Ltd was originally incorporated as a Private Limited Company with the name 'Gajanad Cottex Private Limited' pursuant to a Certificate of Incorporation dated June 15, 2009 issued by the RoC. The name of the Company changed to Gajanand International Private Limited' dated May 26, 2023, thereafter upon conversion into a Public Company, the name finally got changed to Gajanand International Limited' and fresh Certificate of Incorporation was issued by the RoC dated June 01, 2023.
| Event | Date |
|---|---|
| Gajanand International Ltd IPO Opening Date | 9 September 2024 |
| Gajanand International Ltd IPO Closing Date | 11 September 2024 |
| Basis of Allotment | 12 September 2024 |
| Initiation of Refunds | 12 September 2024 |
| Credit of Shares to Demat | 13 September 2024 |
| Gajanand International Ltd IPO Listing Date | 16 September 2024 |
Gajanand International Ltd IPO Details
| Gajanand International Ltd IPO Date | 9 September 2024 to 11 September 2024 |
| Gajanand International Ltd IPO Face Value | ₹10 per share |
| Gajanand International Ltd IPO Price | ₹36 to ₹0 per share |
| Gajanand International Ltd IPO Lot Size | 3,000 |
| Issue Size | Shares of ₹10 (aggregating up to ₹20.65 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹20.65 Cr) |
| Offer for Sale | - |
| Issue Type | Fixed Price - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Ashok Bhagvanbhai Monsara, Truptiben Ashokbhai Monsara, Ashish Dhirajlal Monsara |
Gajanand International Ltd IPO Lot Size
The Gajanand International Ltd IPO lot size is 3,000 shares. A retail-individual investor can apply for up to 1 lots (3,000 shares or ₹1,08,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 3,000 | ₹1,08,000 |
| Maximum | 1 | 3,000 | ₹1,08,000 |
- Strengths
- Risks
- Opportunities
- Good track record.
- Government support Textile industry.
- Leveraging the experience of its Promoters.
- Experienced management team and a motivated and efficient work force.
- Cordial relations with its consumers.
- Quality assurance and control.
Company Financials
Gajanand International Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 39.31 | 108.75 | 2.24 |
| 03-2023 | 19.01 | 73.42 | 1.41 |
| 03-2022 | 19.44 | 61.76 | 0.03 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Working capital requirement
- General corporate purposes
Gajanand International Ltd IPO Promoter Holding
| Pre Issue Share Holding | 23.64% |
| Post Issue Share Holding | 16.44% |
Gajanand International Ltd IPO Subscription Status (Bidding Detail)
The Gajanand International Ltd IPO is subscribed 0 times on 11 September 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | - |
Gajanand International Ltd IPO Prospectus
Gajanand International Ltd IPO Listing Date
| Listing Date | 16 September 2024 |
| BSE Script | 92904 |
| NSE Symbol | GAJANAND |
| Listing In | NSE - SME |
| ISIN | INE0QTE01018 |
| IPO Price | ₹36 |
| Face Value | ₹10 |
Company Contact Information
Survey # 1257/1266Jasdan Atkot Road Jasdan,Rajkot-360050
Phone: +91 99094 46110
Email: gajanandcottex@gmail.com
Website: www.gajanand-int.com
Gajanand International Ltd IPO Registrar
Gajanand International Ltd IPO Lead Manager(s)
- Fast Track Finsec Pvt Ltd
FAQ
What is the issue size of Gajanand International Ltd IPO?
I have pre-applied for Gajanand International Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.