Gajanand International Limited

Company Name	Gajanand International Limited
Open Date	09-09-2024
Close Date	11-09-2024
Exchange	NSE SME
Lot Size	3,000 Shares
Issue Price	₹36 per share
Issue Size	5,736,000 shares
Application Amount	₹1,08,000
Recommendation	Avoid

Gajanand International Limited was originally formed and incorporated as “Gajanand Cottex Private Limited” on June 15, 2009. The registered office is located at Rajkot, Gujarat. The company is engaged in the manufacturing of different types of cotton i.e. Mech1 Cotton, Shankar6 Cotton, DCH 32 cotton and Khol. They are also engaged in trade of agro commodities such as peanuts, chana etc. The company had 29 permanent employees as of Mar 31, 2024

(Read more on the review)

Financial Summary in Lakhs

For the Period Ended	Mar-22	Mar-23	Mar-24
Revenue	6,173.93	7,336.28	10,865.52
EBITDA	123.82	274.00	404.07
Net Profit	2.84	141.05	223.74
RoCE	13.36%	30.61%	21.28%
ROE	0.70%	25.76%	12.63%
P/E	1,800.00	32.43	16.59

Tentative Timeline

Opening Date	09-09-2024
Closing Date	11-09-2024
Basis of Allotment	12-09-2024
Initiation of Refunds	13-09-2024
Credit of Shares to Demat	13-09-2024
Listing Date	16-09-2024

Objects of the Issue

To meet Working Capital Requirements

General Corporate Purposes

Contact Information

Registered Office	Gajanand International Limited Survey No. 1257/1266, Jasdan-Atkot Roadnr. Bypass Circle, Jasdan, Rajkot - 360050
Phone	+91-99094 46110
Email	info@gajanand-int.com
Website	https://www.gajanand-int.com/

Offer Documents

Gajanand International IPO DRHP

Gajanand International IPO RHP

Registrar Details

Name	Skyline Financial Services Private Limited
Phone	02228511022
Email	ipo@skylinerta.com
Website	https://www.skylinerta.com/ipo.php

IPO Reservation

Market Maker Shares Offered	2,88,000 (5.02%)
Other Shares Offered	27,24,000 (47.49%)
Retail Shares Offered	27,24,000 (47.49%)

Shareholding Pattern

Shareholding Pre Issue	85.05%
Shareholding Post Issue	62.52%