Gajanand International IPO subscription status started on Monday September 9, 2024 and will close on September 11, 2024. Gajanand International IPO to raise around ₹6,560 crores via IPO. The retail quota is 35%, QIB is 50% and NII is 15%. The price band is fixed at ₹36 per equity share.
The Gajanand International IPO minimum market lot is 3000 shares with ₹108,000 application amount. The Gajanand International IPO is a SME IPO, and it is to be listed on NSE.
Gajanand International Limited was founded in 2009 and since then it has become a known name in its field. The company is a popular name in the market for offering high-quality service to its consumers. The main products the company serves are MECH1 Cotton, SHANKAR6 Cotton, DCH 32 Cotton, and Khol. It has a manufacturing infrastructure that produces contamination-free and sustainable cotton at an affordable price. The company has a hygienic warehouse and packaging facility, organized into sections for efficient product storage. In India, the company has a presence in Madhya Pradesh, Maharashtra, Orissa, Tamil Nadu, and Telangana while it has a global presence in Bangladesh, China, Turkey, Vietnam, and Africa.
Gajanand International IPO: Key Details
| Event | Date |
| IPO Open Date | 9th September 2024 |
| IPO Close Date | 11th September 2024 |
| Allotment Date | 12th September 2024 |
| Initiation of Refunds | 13th September 2024 |
| Credit of Shares to Demat | 13th September 2024 |
| Listing Date | 16th September 2024 |
The cut-off time for UPI mandate confirmation is 5:00 PM on 11th September 2024. This deadline is crucial for investors to ensure their applications are processed successfully. Investors must complete their applications well before this deadline to avoid any last-minute technical issues or delays.
IPOWatch View
We recommend investors may apply for an IPO with Long-term Views. Investors should also look at the QIB, NII, and Retail numbers before investing.
Gajanand International IPO Subscription Status – Day 1
| Category | Day 1 | Day 2 | Day 3 |
| NII | 0.17 | 0.00 | 0.00 |
| RII | 1.84 | 0.00 | 0.00 |
| Total | 1.00 | 0.00 | 0.00 |
Financial Highlights: Gajanand International Ltd
Below are the financial results for the period ended 30th November 2023, and the Fiscal years FY23, FY22, and FY21:
| Particulars (₹ in Lakhs) | 30th November 2023 | FY23 | FY22 | FY21 |
| Assets | 3,748.77 | 1,900.58 | 1,944.36 | 1,942.64 |
| Revenue | 4,660.41 | 7,342.40 | 6,176.21 | 5,846.56 |
| Profit After Tax | 199.29 | 141.06 | 2.85 | 0.99 |
| Net Worth | 1,746.91 | 547.63 | 406.57 | 403.72 |
| Reserves and Surplus | 436.96 | 505.75 | 364.70 | 361.85 |
| Total Borrowing | 80.04 | 301.37 | 441.56 | 441.77 |
