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Gajanand International IPO
Price Band
₹
Issue Size
₹20.65 Cr
Lot Size
3,000 shares
Min Investment
₹108,000
GMP
—
Issue Price
₹36.0
Gajanand International IPO AI Summary
- Gajanand International IPO is listed on NSE SME in the Other Textile Products sector.
- Subscription window: 09 Sep–11 Sep 2024, listing on 16 Sep 2024.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Gajanand International IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 11 Sep 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Gajanand International IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
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.
Company Financials (₹ Cr)
As of 2024-03-31
| 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 |
Key Ratios
EPS
₹1.71
NAV
₹13.52
ROE
19.30%
ROCE
29.72%
RoNW
19.30%
P/B Value
2.10
P/E Ratio
21.08
Market Cap
₹67.81 Cr
PAT Margin
2.06%
Debt/Equity
0.68
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Spright Agro Limited | 1.31 | 0.23% | 486 | 0.12 | 0.12 |
| Laxmi Cotspin Limited | 3.67 | 0.02% | -207.12 | -0.16 | -0.16 |
| Gajanand International Limited This IPO | 17.16 | 19.3% | 4.61 | 2.17 | 2.17 |
Promoters
Ashok Bhagvanbhai Monsara, Truptiben Ashokbhai Monsara and Ashish Dhirajlal Monsara
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # 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
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹61.76 Cr in the year ending 31 Mar 2022, increasing to ₹73.42 Cr by 31 Mar 2023, and further rising to ₹108.75 Cr by 31 Mar 2024. This indicates a positive growth trend in revenue over the periods.
Profit Trend
Profit After Tax was ₹0.03 Cr in the year ending 31 Mar 2022, which increased to ₹1.41 Cr by 31 Mar 2023, and further rose to ₹2.24 Cr by 31 Mar 2024. This shows a consistent increase in profitability over the periods.
Valuation
The company's implied P/E ratio at the issue price of ₹36.0 is 16.58, compared to peers trading at a P/E range of 4.61. This indicates that Gajanand International is priced at a higher multiple than its peers.
Grey Market Premium, Explained
The Grey Market Premium (GMP) reflects the expected listing price of an IPO in the stock market, as determined by unofficial trading before the stock is listed. A higher GMP indicates strong demand and potential gains on listing day, while a lower GMP may suggest weaker interest.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's growth potential and market conditions.
Who May Want to Wait
Investors who are risk-averse or prefer stable, established companies may want to avoid IPOs like this, which can be subject to significant price fluctuations and uncertainties.
IPO Timeline, Explained
The IPO opens for subscription on 9 September 2024 and closes on 11 September 2024. Allotment of shares will be done on 12 September 2024, with the listing date scheduled for 16 September 2024.
Listing Gains — The Risk
Listing-day gains can be unpredictable and are influenced by market conditions, investor sentiment, and overall demand for the stock. It's important to remember that while some IPOs may experience significant price increases on their first trading day, others may not perform as well.
This evaluation is generated from Gajanand International's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
When does Gajanand International IPO open and close?
Gajanand International IPO opens on 09 September 2024 and closes on 11 September 2024.
When does Gajanand International IPO list on the stock exchange?
Gajanand International IPO listed on 16 September 2024 at ₹36.0.
What is the lot size for Gajanand International IPO?
The lot size for Gajanand International IPO is 3000 shares, requiring a minimum investment of ₹108,000.
What is the issue price of Gajanand International's IPO?
The issue price is ₹36.0.
What is the minimum investment required?
The minimum investment required is ₹108,000.
What is the lot size for this IPO?
The lot size is 3000 shares.
When does the IPO open and close?
The IPO opens on 9 September 2024 and closes on 11 September 2024.
When is the listing date for Gajanand International?
The listing date is 16 September 2024.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
09 Sep 2024
Close
11 Sep 2024
Allotment
12 Sep 2024
Listing
16 Sep 2024
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