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Gajanand International Limited IPO

Gajanand International Limited IPO

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Listing Date :
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Listed Price: ₹ 42.00 (+16.67%)

Gajanand International Limited's successfully completed its Initial Public Offering and commenced trading on 16-09-2024 at the NSE exchange. The company raised 57,36,000 Shares through this public offering, comprising 57,36,000 Shares in fresh capital.

The IPO was priced within the band of ₹36 to ₹36, with minimum application lots of 3000 shares. The offering attracted significant investor interest during its subscription period from 09-09-2024 to 11-09-2024.

Share allotment was finalized on 12-09-2024, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.

Gajanand International IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Gajanand International IPO Key Performance Indicator
Company Financials ( In Lakhs )

Gajanand International IPO About Company

Gajanand International Limited, founded in 2009 (formerly Gajanand Cottex Private Limited), is known for producing contamination-free and sustainable cotton. The company offers a variety of cotton products, including Mech1 Cotton, grown in Madhya Pradesh and Maharashtra, Shankar6 Cotton, India's most exported raw cotton, and DCH 32 Cotton, cultivated in Karnataka, Tamil Nadu, and Madhya Pradesh. They also produce Khol, made from high-quality cotton seeds. As of March 31, 2024, the company has 22 employees.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Gajanand International IPO Strength Factors

  1. Proven History: Founded in 2009, known for top-quality, eco-friendly cotton products.
  2. Government Backing: Enjoys support from Indian textile policies and incentives.
  3. Expert Leadership: Led by experienced promoters with strong industry knowledge, boosting efficiency and innovation.

Gajanand International IPO Risk Factors

  1. Seasonal Volatility: Changes in cotton demand and supply during different seasons can impact business performance and financial health.
  2. Supply Chain Risks: Not having long-term deals with suppliers might cause raw material shortages, which could affect daily business operations.
  3. First-Generation Promoters: The promoters have limited business experience, which could make it harder to handle tough market situations.

Gajanand International IPO Lead Manager(s)

  • Fast Track Finsec Private Limited

Gajanand International IPO Promoter(s)

  1. Mr. Ashok Bhagvanbhai Monsara
  2. Mrs. Truptiben Ashokbhai Monsara
  3. Mr. Ashish Dhirajlal Monsara



Gajanand International IPO Company Details

Gajanand International Limited
Phone:
address:

Gajanand International IPO Registrar

Skyline Financial Services Private Limited
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Phone:

Gajanand International IPO FAQs