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SME IPO Status: Listed [9th Sep 2024 to 11th Sep 2024]
Gajanand International IPO, a SME IPO of ₹20.65 Cr was launced on 09-09-2024 to 11-09-2024 and the shares got listed on NSE SME on 16-09-2024.
The public issue of Gajanand International IPO (GAJANAND) was offered at ₹36.00 per share and the ipo was listed at ₹42.00. It has delivered listing gain of 16.67%.
As the minimum lot size was 3000 shares, the IPO has offered Rs 18000.00 per lot return on listing.
| SME IPO Issue Opening Date: | 9th Sep 2024 |
| SME IPO Issue Closing Date: | 11th Sep 2024 |
| SME IPO Issue Price: | ₹36.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | NSE SME |
| Retail Quota: | 50% of the net offer |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹20.65 Cr |
| Fresh Issue: | ₹20.65 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 90.50% |
| Promoter Holding Post IPO: | |
| Allotment Status: | Allotment Status |
| NSE Code: | GAJANAND |
Get important updates regarding Gajanand International SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 12th Sep 2024 |
| Refunds Initiation* | 13th Sep 2024 |
| Credit of Shares to Demat* | 13th Sep 2024 |
| SME IPO Listing Date* | 16th Sep 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹36.00 |
| Market Lot: | 3000 Shares |
| 1 Lot Amount: | ₹108000 |
| Min HNI Lots: | 6000 shares (2 lots)- ₹216000 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 16-09-2024 | 36.00 | 0 | -- | ₹36 (0%) | 16-Sep-2024 10:31 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Gajanand International Limited was founded in June 2009. The company has a production infrastructure with a factory that produces contamination-free and sustainable cotton. They aim to provide a satisfying experience with their offerings. The company is known in the market for providing good service to its customers. Since its inception, the company has gained a foothold in this competitive market and offers its customers a range of cotton products at affordable prices.
The company also has a warehouse and packing facility in its infrastructure unit. The warehouse is maintained in a hygienic condition so that it is free from moisture and insects. In addition, the company's infrastructure is divided into different departments that allow products to be stored systematically. This division allows for quick product identification and smooth shipment of products.
| Incorporation | Sector | IPO Issue Size | Website |
| 2009 | Garments & Apparels | ₹20.65 Cr | https://www.gajanand-int.com/ |
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:-
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE SME.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 2,724,000 (50%) | 2,724,000 (50%) | 5,448,000 | |
| 1 | 9th Sep 2024 19:31 | 0.17x | 1.88x | 1.03x |
| 2 | 10th Sep 2024 19:32 | 0.92x | 7.93x | 4.43x |
| 3 | 11th Sep 2024 18:21 | 5.79x | 24.18x | 15.27x |
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.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 3,931.1 | 1,900.58 | 1,944.36 | |||||||||||||||||||||||||||
| Revenue | 10,874.81 | 7,342.4 | 6,176.21 | |||||||||||||||||||||||||||
| Profit After Tax | 223.73 | 141.06 | 2.85 | |||||||||||||||||||||||||||
| Net Worth | 1,771.36 | 547.62 | 406.57 | |||||||||||||||||||||||||||
| Reserves and Surplus | 461.4 | 505.75 | 364.7 | |||||||||||||||||||||||||||
| Total Borrowing | 1,207.07 | 1,179.48 | 1,465.28 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Gajanand International Limited | 2.17 | 2.17 | 17.16 | 4.61 | 19.3 | |
| Laxmi Cotspin Limited | -0.16 | -0.16 | 3.67 | -207.12 | 0.02 | Standalone |
| Spright Agro Limited | 0.12 | 0.12 | 1.31 | 486 | 0.23 | Standalone |
Last Updated on 19-Sep-2024 13:32:54
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Gajanand International SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Gajanand International SME IPO with Zerodha.
Alternate approch to apply in Gajanand International SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Gajanand International SME IPO Review and Important Updates
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To subscribe or apply in Gajanand International SME IPO, you can use the following methods:
| Gajanand International SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Gajanand International SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Gajanand International SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Gajanand International SME IPO. Most of the Syndicate Banks provide access to apply in Gajanand International IPO via ASBA process. You must have your net banking access, DP ID information to apply in Gajanand International SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Gajanand International SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Gajanand International SME IPO Review and Important Updates
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Gajanand International SME IPO is going to be list on 16-09-2024. NSE Code for Gajanand International is GAJANAND.
Other relevant questions:
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Gajanand International SME IPO Allotment Date is 12-09-2024.
Other relevant questions:
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