Gajanand International SME IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Gajanand International IPO. Explore Gajanand International IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
Gajanand International Limited, originally incorporated as Gajanand Cottex Private Limited in 2009, is a manufacturer and exporter in the cotton industry. The company specializes in the production of high-quality cotton varieties such as Mech1 Cotton, Shankar6 Cotton, and DCH 32 Cotton, with a strong focus on delivering premium products and fostering long-term relationships with clients. With modern manufacturing units for ginning, quality inspection, storage, and packing, the company is equipped with advanced technology operated by a skilled team to ensure high productivity and profitability. The company also engages in the trading of agro-commodities such as peanuts and chana, expanding its footprint in the agricultural sector.
Key Points:
- Primary Products:
- Mech1 Cotton: Grown in Madhya Pradesh and Maharashtra, with a fiber span length of 25-27 mm and strong fiber properties.
- Shankar6 Cotton: A homegrown and widely exported cotton type from India, primarily harvested between November and February, with a fiber span length of 27.5-29.5 mm.
- DCH 32 Cotton: Known for its long fiber length (34-36 mm), grown in Karnataka, Tamil Nadu, and Madhya Pradesh, harvested from December to March.
- Khol: Derived from cottonseed, produced through controlled techniques.
- Business Model: Involves the manufacturing of cotton and the trading of agro-commodities such as peanuts and chana.
Objects of the Issue
- To meet out the Working Capital requirements of the Company;
- To meet out the General Corporate Purposes
- To meet out the Issue Expenses
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 09 Sep - 11 Sep 2024 |
| IPO Price Band | ₹36 per share |
| Fresh Issue | 57,36,000 shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹20.65 crore |
| Face Value | ₹10 |
| Listing On | NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 09 Sep 2024 |
| IPO Closing Date | 11 Sep 2024 |
| Basis Of Allotment | 12 Sep 2024 |
| Refunds | 13 Sep 2024 |
| Demat Transfer | 13 Sep 2024 |
| IPO Listing Date | 16 Sep 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| Total Income | 58.47 | 61.76 | 73.42 | 108.75 |
| Total Expenses | 58.45 | 61.72 | 71.54 | 105.74 |
| Net Profit/Loss | 0.001 | 0.03 | 1.41 | 2.24 |
| NPM (*) | 0.02 | 0.05 | 1.92 | 2.06 |
| Total Assets | 19.43 | 19.44 | 19.01 | 39.31 |
| Total Liabilities | 15.39 | 15.38 | 13.53 | 21.60 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| EPS | 0.01 | 0.04 | 2.11 | 2.17 |
| ROE (%) | 0.25 | 0.70 | 29.57 | 19.30 |
| ROCE (%) | 16.48 | 13.64 | 31.30 | 29.72 |
| D/E Ratio | 3.53 | 3.60 | 2.15 | 0.68 |
| Current Ratio | 1.70 | 1.69 | 1.73 | 1.84 |
| EBITDA MARGIN (%) | 2.26 | 2.00 | 3.73 | 3.72 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Gajanand International Limited | 108.66 | 4.61 | 2.17 | 19.30 | 17.16 |
| Laxmi Cotspin Limited | 144.02 | -207.12 | -0.16 | 0.02 | 3.67 |
| Spright Agro Limited | 72.47 | 486.0 | 0.12 | 0.23 | 1.31 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 0 |
| Non-Institutional Investor (NII/HNI) | 5.79 |
| Retail Individual Investor (RII) | 24.18 |
| Total | 15.27 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Skyline Financial Services Private Limited
Phone: 011-40450193-197
Email: ipo@skylinerta.com
Website: www.skylinerta.com
Company Promoters
- MR. ASHOK BHAGVANBHAI MONSARA
- MRS. TRUPTIBEN ASHOKBHAI MONSARA
- MR. ASHISH DHIRAJLAL MONSARA
Lead Managers
- FAST TRACK FINSEC PRIVATE LIMITED
Company Address
Gajanand International Limited
Survey No. 1257/1266, Jasdan-Atkot Road, Nr. Bypass Circle, Jasdan, Rajkot, Gujarat-360050
Phone: +91-99094 46110
Email: info@gajanand-int.com
Website: www.gajanand-int.com
FAQs
- What is the issue size of the Gajanand International SME IPO?The Gajanand International SME IPO has an issue size of ₹20.65 crore. This includes a fresh issue of 57,36,000 shares and an offer for sale (OFS) of NIL.
- What is the price band of the Gajanand International IPO?The price band for the Gajanand International IPO is ₹36 per share.
- What are the bidding dates for the Gajanand International IPO?The Gajanand International IPO will open for bidding on 09 Sep 2024 and close on 11 Sep 2024.
- What is the allotment date for the Gajanand International IPO?The allotment date for the Gajanand International IPO is 12 Sep 2024.
- What is the listing date for the Gajanand International IPO?The listing date for the Gajanand International IPO is 16 Sep 2024.
- What is the Gajanand International IPO grey market premium?The grey market premium (GMP) for the Gajanand International IPO is currently at ₹0, with an expected listing gain of approximately 0%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.