Last Updated on September 15, 2024 by Wenivesh Team
The Gajanand International IPO is generating buzz as it opens for subscription from September 9, 2024, to September 11, 2024. Investors and traders are keenly watching this new opportunity in the SME segment. This blog provides all the essential details about the Gajanand International IPO, including pricing, listing, subscription details, and company information.
Gajanand International IPO Price Details
The Gajanand International IPO has been priced at ₹36 per equity share, with a face value of ₹10. The IPO follows a fixed price issue format, and the total issue size is approximately ₹20.65 crores.
Here’s a breakdown of the IPO pricing details:
| Details | Information |
|---|---|
| Issue Price | ₹36 per share |
| Face Value | ₹10 per share |
| Total Issue Size | ₹20.65 crores |
| Market Lot | 3,000 shares (₹108,000) |
| Retail Quota | 50% |
| NII Quota | 50% |
| QIB Quota | 0% |
Investors will need to apply in lots of 3,000 shares, with the minimum investment set at ₹108,000.
Gajanand International IPO Listing and Important Dates
The IPO listing is expected to take place on NSE SME, which is a platform for small and medium-sized enterprises. Here’s a timeline of the important dates related to the Gajanand International IPO:
| Event | Date |
|---|---|
| IPO Open Date | September 9, 2024 |
| IPO Close Date | September 11, 2024 |
| Allotment Date | September 12, 2024 |
| Refund Initiation | September 13, 2024 |
| Credit to Demat Accounts | September 13, 2024 |
| Listing Date | September 16, 2024 |
The company aims to list the shares by September 16, 2024, providing an opportunity for early investors to trade on the NSE SME platform.
Gajanand International IPO Subscription Details
As per the IPO details, the subscription is divided into two main categories:
- Retail Quota: 50% of the issue is reserved for retail investors.
- NII Quota: The remaining 50% is allocated to non-institutional investors (NII).
There is no quota for qualified institutional buyers (QIBs), meaning retail investors and NIIs will take up the entire offering.
The fixed price issue format means that all investors will subscribe at a single price of ₹36 per share, and shares will be allotted accordingly.
Company Overview: Gajanand International Limited
Gajanand International Limited specializes in producing contamination-free and sustainable cotton products. Established in 2009, the company has gained a solid reputation in the cotton industry, providing high-quality cotton varieties such as Mech1, Shankar6, DCH 32, and Khol.
Key Products Offered by Gajanand International
| Product | Details |
|---|---|
| Mech1 Cotton | Grown in Madhya Pradesh and Maharashtra, harvested in winter. |
| Shankar6 Cotton | India’s most exported raw cotton, widely cultivated domestically. |
| DCH 32 Cotton | Grown in Karnataka, Tamil Nadu, and Madhya Pradesh. |
| Khol | Produced from high-quality, pure cotton seeds. |
The company’s sustainable approach to cotton production makes it a notable player in the industry, especially among those seeking high-quality and eco-friendly cotton.
Objectives of the IPO
The funds raised from the Gajanand International IPO will be utilized for several purposes, including:
- Working capital requirements – Ensuring smooth day-to-day operations of the business.
- General corporate purposes – Expanding the company’s reach and improving its services.
- Covering issue expenses – Handling the costs associated with the IPO process.
The promoters of the company are Mr. Ashok Bhagvanbhai Monsara, Mrs. Truptiben Ashokbhai Monsara, and Mr. Ashish Dhirajlal Monsara.
Gajanand International IPO GMP (Grey Market Premium)
As the Gajanand International IPO date approaches, investors are keenly watching the grey market premium (GMP) to gauge market sentiment. While official data on GMP isn’t yet available, early signs indicate that the IPO is generating interest among investors.
The grey market premium can provide an indication of whether the stock may list at a premium or discount. Keep an eye on the market trends to see how this IPO performs in the days leading up to its listing.
Conclusion
The Gajanand International IPO is a significant opportunity for investors looking to tap into the growing demand for sustainable and contamination-free cotton. With a strong product portfolio, experienced management, and a clear focus on expansion, the company is well-positioned for future growth.
Here are the key takeaways about the Gajanand International IPO:
- Issue Price: ₹36 per share
- Subscription Dates: September 9 to September 11, 2024
- Listing on NSE SME: September 16, 2024
- Total Issue Size: ₹20.65 crores
Investors should carefully consider the company’s fundamentals and market conditions before making any decisions regarding the IPO.
Hope this blog On Gajanand International IPO has been informative and insightful.
Please feel free to leave a comment below if you have any questions or thoughts.