The IPO of Gajanand International is structured as a fixed price issue amounting to Rs 20.65 crores. The issue consists entirely of a fresh issuance of 57.36 lakh shares.
The IPO of Gajanand International opened for subscription on September 9, 2024, and is set to close today, September 11, 2024. The allotment for the Gajanand International IPO is expected to be finalized on Thursday, September 12, 2024. The listing of the Gajanand International IPO on NSE SME is anticipated, with the tentative listing date set for Monday, September 16, 2024.
The price for the Gajanand International IPO is set at ₹36 per share. A minimum lot size of 3000 shares is required for an application. The minimum investment amount required by retail investors is ₹108,000. For HNI investors, the minimum lot size investment is set at 2 lots (6,000 shares), amounting to ₹216,000.
Refer to Gajanand International IPO RHP for brief information.
| IPO Date | September 9, 2024 to September 11, 2024 |
| Listing Date | September 16, 2024 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 36 to ₹ 36 / 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) |
| Offer for Sale | |
| Employee Discount | |
| 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 |
Gajanand International Limited IPO opens on September 9, 2024, and closes on September 11, 2024.
| IPO Open Date | September 9, 2024 |
| IPO Close Date | September 11, 2024 |
| Basis of Allotment | September 12, 2024 |
| Initiation of Refunds | September 13, 2024 |
| Credit of Shares to Demat | September 13, 2024 |
| Listing Date | September 16, 2024 |
| Cut-off time for UPI mandate confirmation | September 11, 2024 |
A minimum of 3000 shares can be bid for by investors, with additional shares being bid in multiples thereof. The minimum and maximum investments by retail investors and HNI, in terms of shares and amount, are depicted in the table below.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | Rs.108,000 |
| Retail (Max) | 1 | 3,000 | Rs.108,000 |
| S-HNI (Min) | |||
| S-HNI (Max) | |||
| B-HNI (Min) | |||
| HNI (Min) | 2 | 6,000 | Rs.216,000 |
| Share Holding Pre Issue | 90.50% |
| Share Holding Post Issue |
A total of 57,36,000 shares are offered in the Gajanand International IPO, with 27,24,000 shares (47.49%) allocated to NII and 27,24,000 shares (47.49%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | 2,88,000 (5.02%) |
|
| Other Shares Offered | 27,24,000 (47.49%) |
|
| QIB Shares Offered | |
|
| NII (HNI) Shares Offered | |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | 27,24,000 (47.49%) |
|
| Employee Shares Offered | |
|
| Total Shares Offered | 57,36,000 (100%) |
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
Gajanand International Limited was established in the year 2009. The company owns a factory that produces sustainable cotton free from contamination as part of its production infrastructure. Through their offerings, they hope to deliver a fulfilling experience. The business is well-known in the industry for giving its clients excellent service. Since its founding, the business has established itself in this cutthroat industry and provided a variety of reasonably priced cotton products to its clientele.
Within its infrastructure business, the corporation also maintains a warehouse and packing plant. Insects and moisture are kept out of the warehouse by maintaining its cleanliness. Furthermore, the infrastructure of the organization is separated into various divisions, enabling products to be arranged in an organized manner. This section enables efficient product shipping and prompt product identification.
The market capitalization of Gajanand International IPO is Rs 67.81 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 19.30% |
| ROCE | 29.72% |
| Debt/Equity | 0.68 |
| RoNW | 19.30% |
| P/BV | 2.1 |
| PAT Margin (%) | 2.06 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1.71 | 1.19 |
| P/E (x) | 21.08 | 30.31 |
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.
The funds being raised are proposed to be utilized by the Company towards funding the following objects and achieving the benefits of listing on the Emerge Platform of NSE.
The objects of the Issue are:-
- Working Capital requirements of the Company
- General Corporate Purposes
- Issue Expenses.
Gajanand International Limited Survey No. 1257/1266, |
Skyline Financial Services Private Ltd Phone: 02228511022 |
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