Gajanand International Limited is launching an IPO with a fresh issue of 57,36,000 shares worth INR 20.65 crores. The company aims to meet the working capital requirements and general corporate purposes.
Gajanand International IPO – Important Dates
| Gajanand International Limited IPO Date | September 9, 2024 to September 11, 2024 |
| Gajanand International Limited IPO Listing Date | September 16, 2024 |
| Gajanand International Limited IPO Price | INR 36 per share |
| Gajanand International Limited IPO Lot Size | 3000 Shares |
| Gajanand International Limited IPO Total Issue Size | INR 20.65 crores |
| Gajanand International Limited IPO Basis of Allotment | September 12, 2024 |
| Gajanand International Limited IPO Initiation of Refunds | September 13, 2024 |
| Gajanand International Limited IPO Credit of Shares to Demat | September 13, 2024 |
| Gajanand International Limited IPO Issue Type | Fixed PriceIssue IPO |
| Gajanand International Limited IPO Listing At | NSE SME |
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Gajanand International Limited IPO – Company Profile
Gajanand International Limited, incorporated initially as Gajanand Cottex Private Limited in 2009, underwent name changes and object clause amendments, with its latest incorporation certificate issued on June 18, 2024.
The company is ISO 9001:2015 certified and manufactures Mech1 and Shankar6 cotton. Its state-of-the-art ginning, quality inspection, storage, and packing facilities are equipped with advanced machinery and operated by a skilled team.
Their company prioritizes delivering high-quality cotton and fostering long-term client relationships. Advanced machinery and skilled labour enhance productivity, directly impacting production efficiency and profitability.
Gajanand International Ltd IPO Fundamental Analysis
Gajanand International Limited’s financial analysis reveals a mixed performance. Revenue growth reflects the company’s strong performance, rising equity, and reduced debt reliance. Increased profitability, EPS, and RoNW highlight financial improvements, enhanced liquidity, and inventory management.
- Revenue Trend: The revenue increased from ₹6,173.93 lakhs in March 2022 to ₹7,336.28 lakhs in March 2023. The revenue for the current year’s 12-month period ending March 2024 is INR 10,865.52 lakhs.
- Equity and Liabilities: Equity has shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has decreased, indicating reduced reliance on debt financing.
- Profitability: The profit after tax (PAT) has significantly increased from ₹2.85 lakhs in March 2022 to ₹223.73 lakhs by March 2024. This improvement in profitability could be a source of confidence among investors.
- Earnings per Share (EPS): The diluted EPS has risen from ₹0.04 in March 2022 to ₹2.17 by March 2024, reflecting higher earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has risen from 0.70% to 19.30%, indicating an increase in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has increased, indicating strengthening liquidity and potential challenges in meeting short-term obligations.
- Inventory Turnover Ratio: There’s a significant increase in the Inventory Turnover Ratio, which might suggest stronger sales or efficient inventory management.
Gajanand International IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 March 2024 |
| Revenue (₹ in lakhs) | 6,173.93 | 7,336.28 | 10,865.52 |
| Equity (₹ in lakhs) | 406.57 | 547.62 | 1,771.36 |
| Expenses (₹ in lakhs) | 6,172.26 | 7,154.13 | 10,574.10 |
| Profit and Loss After Tax (₹ in lakhs) | 2.85 | 141.06 | 223.73 |
| Diluted EPS only (₹) | 0.04 | 2.11 | 2.17 |
| Return on Net Worth (%) | 0.70 | 25.76 | 19.30 |
| NAV per Equity Share (₹) | 97.10 | 130.78 | 13.52 |
| Total Assets (in lakhs) | 1,944.36 | 1,900.58 | 3,931.10 |
| Total Liabilities (in lakhs) | 1,537.79 | 1,352.96 | 2,159.74 |
| Debt Equity Ratio | 3.60 | 2.15 | 0.68 |
| Current Ratio (in times) | 1.69 | 1.73 | 1.84 |
| Inventory Turnover Ratio | 4.26 | 5.17 | 5.18 |
Gajanand International Limited IPO Peer Comparison
Gajanand International Limited shows strong profitability, earnings per share, and return on net worth, reflecting positive financial health. In contrast, Laxmi Cotspin Limited reports losses and lower performance metrics, while Spright Agro Limited exhibits solid growth in revenue and earnings.
| Company | PAT (₹ in lakhs) | Face Value per Equity Share (₹) | P/E Ratio | EPS (₹) | RoNW (%) | NAV per Equity Share (₹ in lakhs) |
| Gajanand International Limited | 223.73 | 10 | 4.61 | 2.17 | 19.30 | 17.16 |
| Laxmi Cotspin Limited | (30.38) | 10 | (207.12) | (0.16) | 0.02 | 3.67 |
| Spright Agro Limited | 1,162.14 | 1 | 486.00 | 0.12 | 0.23 | 1.31 |
Gajanand International Ltd IPO Objective
The main objective of Gajanand International Limited is to meet the working capital requirements.
- Working Capital Requirements: The company intends to raise INR 14.99 crores to enhance its cotton ginning and pressing operations. This investment aims to improve service offerings and adapt to the evolving market landscape.
- General Corporate Purpose: The company will deploy the balance of funds for general corporate purposes, including strategic initiatives, strengthening marketing networks and capabilities, addressing exigencies, and brand-building exercises to enhance operations and market presence.
Gajanand International IPO Risks And Challenges
Gajanand International Limited’s risk includes seasonal revenue fluctuations due to reliance on seed cotton, a lack of supply agreements leading to material shortages, potential impacts from the limited experience of first-generation promoters, and critical personnel retention.
- Their business is seasonal, relying on the availability of seed cotton (“Kapas”), which affects revenue fluctuations. With production typically running for about eight months annually, off-season scarcity can impact financial results and operational stability.
- Their company lacks supply agreements for primary raw materials, making them vulnerable to shortages. Inadequate procurement of quality materials could disrupt production, negatively impacting business operations and financial performance.
- Their first-generation promoters’ limited experience may impact business growth. Their crucial role and knowledge are vital to the success, and their operations also depend on attracting and retaining critical managerial personnel.
Gajanand International Ltd IPO – Industry & Market Potential
As a significant global agriculture player, India supports 55% of its population through farming, leading in the production of essential crops and food products. The food processing sector is significant, with anticipated growth in grain and rice production.
According to Inc42, India’s agricultural sector will reach $24 billion by 2025. The food and grocery market ranks sixth globally, with retail driving 70% of sales. Total foodgrain production is estimated at 148.5 million tonnes for 2023-24.
India’s agriculture sector is set for growth with increased investment in infrastructure and genetically modified crops. The fisheries sector will receive $9 billion under PM Matsya Sampada Yojana, and the food processing industry will benefit from government support and quality assurance mechanisms.
Gajanand International Limited IPO – Type of Offer
Gajanand International Limited is launching an IPO with a fresh issue of 57,36,000 shares worth INR 20.65 crores. The company aims to meet the working capital requirements and general corporate purposes.
Gajanand International IPO Offer Size
The offer size of Gajanand International Limited is INR 20.65 crores, consisting of a fresh issue of 57,36,000 shares. The company seeks funds to meet the working capital requirements and general corporate purposes.
Gajanand International Limited IPO Allotment Structure
Gajanand International Limited’s IPO allotment structure includes a category for Retail Individual Investors (RII) with investments below ₹2 lakhs, a category for other investors exceeding ₹2 lakhs, and a reservation of 288,000 shares for Market Makers.
- Retail Individual Investors (RII): These individual investors apply for shares with a total value of less than Rs.2 lakhs.
- Other than retail individual investors: Such applications where the value exceeds INR 2 lakhs.
- Market Makers Reservation: A certain percentage or number of shares is reserved for market makers. The company has set aside 288,000 shares for this purpose.
Read more Gajanand International IPO Allotment Status
How to apply for Gajanand International IPO?
To apply for the Gajanand International Limited IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Gajanand International Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Gajanand International Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
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How do you check the Gajanand International IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Gajanand International Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Gajanand International Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Gajanand International Limited IPO:
● Registrar’s Website: Visit the website of Skyline Financial Services Private Limited, the registrar of the Gajanand International Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Read more Gajanand International IPO Day 2 Subscription
Gajanand International Ltd IPO Offer Registrar
The registrar for the Gajanand International Limited IPO is Skyline Financial Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153 A, 1st Floor,
Okhla Industrial Area, Phase – I,
New Delhi-110020
Tel No: +91-11-40450193-97
Email: [email protected]
Website: www.skylinerta.com
Read more Gajanand International IPO Day 3 Subscription
Gajanand International IPO – FAQs
1. What is the allotment date of the Gajanand International IPO?
The allotment date of the Gajanand International Limited IPO is September 12, 2024.
2. What is the price band of the Gajanand International IPO?
The price band of the issue is INR 36 per share.
3. What is the size of the Gajanand International IPO?
The offer size of Gajanand International Limited is INR 20.65 crores, consisting of a fresh issue of 57,36,000 shares. The company seeks funds to meet the working capital requirements and general corporate purposes.
4. What is the listing date of the Gajanand International IPO?
The listing date of Gajanand International Limited’s IPO is September 16, 2024.
