Gajanand International Limited IPO

Gajanand International Limited IPO opens on September 9, 2024, and closes on September 11, 2024. The allotment for the Gajanand International Limited IPO is anticipated to be completed on Thursday, September 12, 2024. The IPO will be tentatively listed on the NSE and SME on Monday, September 16, 2024.

Gajanand International Limited IPO’s price band is Rs 36 per share per share. The IPO is a book-built issue of Rs 20.65 crores. The issue is entirely a fresh issue of 57.36 lakh shares.

Gajanand International IPO Details

Gajanand International IPO Lot Size

Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Gajanand International IPO Objectives

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:-

1. To Meet Working Capital Requirement.
2. To meet the Working Capital requirements of the Company;
3. To meet out the Issue Expenses.

About Gajanand International Limited

Founded in 2009, Gajanand International Limited, previously Gajanand Cottex Private Limited, specializes in producing high-quality, sustainable cotton varieties including Mech1, Shankar6, DCH 32, and Khol. With an annual capacity of 37,500 MT, the company benefits from strategic locations for raw material harvesting and efficient transportation. Its scalable operations and diverse product range enhance adaptability to market shifts. As of March 31, 2024, Gajanand International employs 22 staff members, underscoring its commitment to growth and innovation.

Gajanand International Limited Financial Information

Gajanand International Limited’s revenue increased by 48% and profit after tax (PAT) rose by 59% between the financial year ending with March 31, 2024 and March 31, 2023.

Gajanand International IPO Reservation

Gajanand International IPO offers 57,36,000 shares. 27,24,000 (47.49%) to NII, 27,24,000 (47.49%) to RII.

Gajanand International IPO Timeline

Gajanand International IPO opens on September 9, 2024, and closes on September 11, 2024.