Investor interest for the initial public offering (IPO) of Gajanand International Ltd., a cotton variety manufacturer, has been respectable. With the conclusion of the bidding phase, investors are waiting for the Gajanand International IPO allotment, which is anticipated to be completed today. Today, September 12, is probably the day of the Gajanand International IPO allotment. The subscription period for the IPO ran from September 9 to September 11. Today, the corporation is anticipated to finalize the share allocation basis. The company’s equity shares will be launched on NSE SME on September 16th as part of the SME IPO Gajanand International.
Gajanand International IPO Details
| IPO Open Date | September 9, 2024 |
| IPO Close Date | September 11, 2024 |
| Listing Date | September 16, 2024 |
| Face Value | ₹10 per share |
| Price | ₹36 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 5,736,000 shares
(aggregating up to ₹20.65 Cr) |
| Fresh Issue | 5,736,000 shares
(aggregating up to ₹20.65 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Gajanand International Financials
From March 31, 2024, to March 31, 2024, Gajanand International Limited’s profit after tax (PAT) climbed by 59%, while its revenue increased by 48%.
| FY 2024 | |
| Assets | 3,931.1 |
| Revenue | 10,874.81 |
| Profit After Tax | 223.73 |
| Net Worth | 1,771.36 |
| ROE | 19.30% |
| ROCE | 29.72% |
| Debt/Equity | 0.68 |
| RoNW | 19.30% |
| P/BV | 2.1 |
| PAT Margin (%) | 2.06 |
About the Company – Gajanand International
Gajanand International Limited was established in 2009 and has grown to be a well-known brand in its industry. They may be found on Atkot Road, Jasdan-360050, close to the Bye Pass Circle, a well-known landmark in the vicinity.
With an entirely automated, state-of-the-art technology-based factory that generates sustainable and contamination-free cotton, they have the best manufacturing infrastructure in the cotton sector. They make an effort to create a satisfying experience with their goods. In the industry, they are renowned for providing their clients with excellent service.
