Gajanand International IPO subscription starts from Monday, September 9 and ends on Wednesday, September 11, 2024. The IPO is a fixed price issue of Rs. 20.65 crore. The issue is fresh issue of 57.36 lakh shares.
Gajanand International IPO price band set to Rs.36 per equity share with a face value of Rs. 10 each. The minimum order quantity of the issue is 3000 equity shares. The minimum amount required for retail investor is Rs. 1,08,000.
The allotment for the Gajanand International IPO is expected to finalized on Thursday, September 12. Gajanand International IPO will list on and NSE SME with tempting date fixed as Monday, September 16, 2024.
Fast Track Finsec Private Limited is book running lead manager of the issue. ICICI Bank Limited is sponsor bank of the IPO. Skyline Financial Services Private Limited is registrar to the issue.
The objects of the issue are:-
- To meet out the Working Capital requirements of the Company;
- To meet out the General Corporate Purposes; and
- To meet out the Issue Expenses.
Financials –
Gajanand International‘s revenue has increased by 48.11% and profit after tax (PAT) rose up by staggering 58.61% in Financial Year 2024, as compared to FY2023.
| Particulars | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Net Worth | 1,771.36 | 547.62 | 406.57 |
| Revenue | 10,874.81 | 7,342.40 | 6,176.21 |
| PAT | 223.73 | 141.06 | 2.85 |
| PAT Margin | 2.06% | 1.92% | 0.05 |
| Total Borrowings | 1,207.07 | 1,179.48 | 1,465.28 |
About Gajanand International Limited (https://www.gajanand-int.com/) –
Founded in 2009, Gajanand International manufactures infrastructure with a completely automated, cutting-edge technology-based factory in the cotton industry that produces contamination-free and sustainable cotton.
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