Gajanand International Limited

09 Sep 2024 - 11 Sep 2024 Individual Category SME NSE

Min Investment

₹216000

Price Band

₹36

Issue Size

57.36 lakhs
Equity Shares

Lot Size

3000 (per lot)

IPO Dates
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09 Sep 2024

Open Date

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11 Sep 2024

Close Date

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12 Sep 2024

Allotment Date

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16 Sep 2024

Listing Date

Gajanand International Limited IPO is open for subscription from Monday, September 9, 2024, and closes on Wednesday, September 11, 2024. The price for this IPO is set at Rs 36 per share. Gajanand International Limited IPO is offering entirely a fresh issue of 57.36 lakh equity shares worth up to Rs 20.65 crore equity shares. The allotment for this new IPO is expected to be finalised on Thursday, September 12, 2024. The listing of this IPO will be done on Monday, September 16, 2024, at the NSE SME segment. The minimum lot size set for the retail category is 1 lot, i.e., 3000 shares. For retail investors, the minimum and maximum investment amount required is Rs 108,000. However, for the HNI category, the minimum lot size is 2 lots, i.e., 6000 shares amounting to Rs 216,000. The IPO is managed by Fast Track Finsec Private Limited, which is the book-running lead manager of this public issue. The company has appointed Skyline Financial Services Private Limited as the registrar for the issue.

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About Gajanand International Limited

Gajanand International Limited, founded in 2009 as Gajanand Cottex Private Limited, specialises in producing contamination-free and sustainable cotton. The company's product offerings include Mech1 cotton, grown in Madhya Pradesh and Maharashtra, Shankar6 cotton, India's top exported raw cotton variety, and DCH 32 cotton, cultivated in Karnataka, Tamil Nadu, and Madhya Pradesh. They also produce Khol, a cotton product made from pure seeds. With an installed capacity of 37,500 MT per year, Gajanand International leverages its strategic location for raw material access and transportation. As of March 31, 2024, the company had 22 employees and continues to expand its operations to meet market demands.

Founded

2009

Managing Director

Mr Ashok Bhagvanbhai Monsara, Mrs Truptiben Ashokbhai Monsara, and Mr Ashish Dhirajlal Monsara

Parent Organization

IPO Objectives

The company proposes to utilise the funds being raised to benefit from listing on the Emerge Platform of NSE and to achieve the following objectives: fulfilling working capital requirements, covering general corporate purposes, and addressing the Issue expenses.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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