
✓
Open
9 Sep 2024
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Close
11 Sep 2024
3
Allotment
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Listing
Mon, Sep 16, 2024
Price Band
₹36 per share
Issue Size
57,36,000 shares (agg. up to ₹21 Cr)
Lot Size
3,000 Shares
Listing Date
Mon, Sep 16, 2024
Latest GMP
₹0
Est. Gain
0%
✦ AI Insight
GMP Trend
16-09-2024₹0Est. ₹36+0%
15-09-2024₹0Est. ₹36+0%
14-09-2024₹0Est. ₹36+0%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 14.98x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 39.31 | 19.01 | 19.44 |
| Total Income | 108.75 | 73.42 | 61.76 |
| Profit After Tax | 2.24 | 1.41 | 0.03 |
| NET Worth | 17.71 | 5.48 | 4.07 |
| Reserves and Surplus | 4.61 | 5.06 | 3.65 |
| Total Borrowing | 12.07 | 11.79 | 14.65 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| United Cotfab Ltd. | SME | ₹36.29 Cr | ₹70 | 9.7 | ₹78.75 | +12.50% | ₹16.40 (+5.87%) |
| Piotex Industries Ltd. | SME | ₹14.47 Cr | ₹94 | 11.14 | ₹114.30 | +21.60% | ₹31.90 (-3.33%) |
| Shree Karni Fabcom Ltd. | SME | ₹42.49 Cr | ₹227 | 21.26 | ₹273.00 | +20.26% | ₹402.55 (-1.21%) |
| Kalahridhaan Trendz Ltd. | SME | ₹22.49 Cr | ₹45 | 8.24 | ₹49.50 | +10.00% | ₹9.00 (+1.69%) |
| Shanti Spintex Ltd. | SME | ₹31.25 Cr | ₹70 | 9.82 | ₹79.80 | +14.00% | ₹38.35 (-4.12%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet out the Working Capital requirements of the Company; | 14.99 |
| 2 | To meet out the General Corporate Purposes; and | 4.01 |
About Gajanand International IPO
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.+ Read More
Contact Details
Gajanand International Ltd. AddressSurvey No.1257/1266Jasdan-Atkot Roadnr.Bypass CircleJasdanRajkot, Gujarat, 360050+91-99094 46110info@gajanand-int.comVisit Website