Gajanand International Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹36
Per ShareLot Size
3000 Shares
Minimum Investment
₹1,08,000
Issue Size
₹20.65 Cr
Face Value
₹10
Per ShareIPO Type
Fixed Price - SME
Retail Quota
50%
QIB Quota
0%
NII Quota
50%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Gajanand International Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
90.5%
Promoter Holding (Post-Issue)
62.34%
Issue Type
Fixed Price - SME
ISIN
INE0QTE01018
About 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.
Industry Overview
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.
Company History
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.
Products & Services
- The Company takes kapas as raw material and process Indian Cotton Fiber.
Growth Strategy
- Improving operational efficiencies.
- Expand geographical reach.
- Strengthening its brand.
- Training its employees.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Public issue of 57,36,000 equity shares of face value Rs. 10/- each of Gajanand International Limited. ("Gajanand" or the "Company" or the "Issuer") for cash at a price of Rs. 36/-per equity share ("Issue Price") including a share remium of Rs. 26/- per equity share), aggregating to aggregating to Rs. 20.65 crores ("The Issue"), out of which, 2,76,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 36/- per equity share aggregating to Rs. 0.99 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. issue of 54,60,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 36/- per equity share aggregating to Rs. 19.66 crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 30.45% and 28.99%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each and the issue price is Rs. 36 the issue is 3.6 times of the face value.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- 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.
- 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.
- The Company has negative cash flows from its operating activities, investing activities as well as financing activities in the current and past years, details of which are given below. Sustained negative cash flow could impact its growth and business.
- Omission of Some Objects in the Memorandum of Association of the Company.