Gajanand International Ltd IPO
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Gajanand International Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 57.36 L | TBA | ₹ 27.24 L | ₹ 118.55 L | NSE | TBA |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 09 Sep, 24 | 11 Sep, 24 | 3000 | TBA | Fixed Price - SME | 16 Sep, 24 |
Gajanand International Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Textiles - Products |
| Sub Sector | NA |
| Issue Type | Fixed Price - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 0 | 1551000 |
| NII | 5.32x | 2724000 | 14496000 |
| Retail | 24.18x | 2724000 | 65865000 |
| Employee | 0x | 0 | 0 |
| Total | 14.28x | 5736000 | 81912000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Gajanand International Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 3.11 | 1.98 | 0.13 |
| EBITDA | 3.21 | 2.08 | 0.22 |
| PAT | 2.24 | 1.41 | 0.03 |
| Total Assets | 38.28 | 18.02 | 18.32 |
| Share Capital | 13.10 | 0.42 | 0.42 |
| Total Borrowings | 13.04 | 10.06 | 12.61 |
| Operating Activities (Net Cash) | 2.34 | 1.51 | 0.12 |
| Investing Activities (Net Cash) | 0.00 | 0.00 | 0.00 |
| Financing Activities (Net Cash) | 13.04 | 10.06 | 12.61 |
| Net Cashflow | 0.44 | 0.53 | 0.46 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Gajanand International Ltd
Gajanand International Limited was originally incorporated as a Private Limited Company with the name Gajanand Cottex Private Limited pursuant to a certificate of incorporation dated June 15, 2009 issued by the ROC in accordance with provisions of the Companies Act, 1956. The name of the Company was subsequently changed to `Gajanand International Private Limited and fresh certificate of incorporation was issued by the ROC dated May 26, 2023, thereafter upon conversion into a public company, pursuant to a shareholders' resolution dated May 27, 2023, the name of the company finally changed to `Gajanand International Limited' and fresh Certificate of Incorporation was issued by the ROC dated June 01, 2023 bearing Corporate Identification Number U01632GJ2009PLC057251. Subsequent to amendment in Object Clause of Memorandum of Association, a fresh certificate of incorporation dated June 18, 2024 was issued by Registrar of Companies, Ahmedabad bearing corporate identification number U01632GJ2009PLC057251.
Manufacturing of Cotton: Manufacturing is emerging as an integral pillar in the country's economic growth, thanks to the performance of key sectors like automotive, engineering, chemicals, pharmaceuticals, and consumer durables. The Indian manufacturing industry generated 16-17% of India's GDP pre-pandemic and is projected to be one of the fastest growing sectors. Moreover, the cotton industry in India is a cornerstone of both the agricultural and industrial sectors, with substantial contributions to the economy. India ranks among the top producers of cotton globally, with cultivation spread across states like Maharashtra, Gujarat, Telangana, Punjab, and Madhya Pradesh. Manufacturing exports have registered highest ever annual exports of US$ 447.46 billion with 6.03% growth during FY23 surpassing the previous year (FY22) record exports of US$ 422 billion. Trading in Agro Commodities: India is the world's 2nd largest producer of food grains, fruits and vegetables and the 2nd largest exporter of sugar. Foodgrain production in India touched 330.5 million metric tonnes (MT) in 2022-23 (3rd Advance Estimate). Further, India's foodgrain production touched a record 345.32 million MT in 2021-22. As per the First Advance Estimates for 2023-24 (Kharif only), total foodgrain production in the country is estimated at 148.5 million tonnes. India has access to several natural resources, providing a competitive advantage in the agriculture sector and as a result trading in the agro commodities has proven to be advantageous to the company.
Gajanand International Limited is in cotton and textile industry where it takes kapas as raw material and process Indian Cotton Fiber Quality Standards by minimizing Trash and Moisture, Improving the Cotton Grade Standard and Cotton Packing Standard, and Providing Logistic Support to Ensure Timely Delivery.
Peer Comparison:
- Laxmi Cotspin Ltd
- Spright Agro Ltd
Gajanand International Ltd IPO Key Points
Strengths
- Good track record.
- Government support Textile industry.
- Leveraging the experience of its Promoters.
- Experienced management team and a motivated and efficient work force.
- Cordial relations with its consumers.
Risk
- Its business is subject to seasonal volatility which contributes to fluctuations in the company's results of operations and financial condition.
- The company does not have long term contracts with its suppliers and therefore, there may be potential unavailability of raw materials (Supply Chain Risks) in future which may adversely affect its business operations.
- Its present promoters of the Company are first generation entrepreneurs.
Strategy
- Improving operational efficiencies.
- Expand geographical reach.
- Strengthening its brand.
- Training its employees.
- Good track record.
- Government support Textile industry.
- Leveraging the experience of its Promoters.
- Experienced management team and a motivated and efficient work force.
- Cordial relations with its consumers.
How To Apply for Gajanand International Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
