The Gajanand International IPO is generating buzz among investors as it opens for subscription from September 9, 2024, to September 11, 2024. This SME IPO aims to raise ₹20.65 crores through a fixed-price issue, with the Gajanand International IPO Price set at ₹36 per share. Investors are keen on tracking the Gajanand International IPO GMP (Grey Market Premium) to gauge market sentiment. In this post, we’ll cover everything from the IPO date and allotment status to key financials and how the Gajanand International IPO GMP is evolving.
Before diving into details, it’s important to understand what GMP is and why it’s significant for IPO investors. Grey Market Premium is the amount by which the IPO shares trade unofficially before being listed on the stock exchange. This can offer an early glimpse into how the market might respond to the stock.
Gajanand International IPO Key Details
| Gajanand International IPO | Details |
|---|---|
| IPO Open Date | September 9, 2024 |
| IPO Close Date | September 11, 2024 |
| IPO Price Band | ₹36 Per Share |
| Issue Size | ₹20.65 Crores |
| Face Value | ₹10 Per Equity Share |
| Retail Quota | 50% |
| HNI Quota | 50% |
| Listing Platform | NSE SME |
The IPO is expected to list on September 16, 2024, and the allotment date is scheduled for September 12, 2024. These dates are critical for investors who plan to apply and track their allotment status.
Gajanand International IPO Market Lot
Investors interested in this IPO must consider the market lot size, which is 3,000 shares. This means the minimum application amount for retail investors is ₹108,000.
| Category | Lot Size | Shares | Application Amount |
|---|---|---|---|
| Retail | 1 | 3,000 | ₹108,000 |
| HNI | 2 | 6,000 | ₹216,000 |
For more information on upcoming IPOs, check our dedicated upcoming IPO section.
Company Background and Promoters
Gajanand International Limited was established in 2009 and has since built a reputable name in the cotton manufacturing industry. The company specializes in high-quality cotton products such as MECH1 Cotton, SHANKAR6 Cotton, DCH 32 Cotton, and Khol, supplying both domestic and international markets, including countries like Bangladesh, China, Turkey, Vietnam, and Africa.
The promoters behind Gajanand International are Mr. Ashok Bhagvanbhai Monsara, Mrs. Truptiben Ashokbhai Monsara, and Mr. Ashish Dhirajlal Monsara, who have extensive experience in the cotton industry.
For more IPO reviews, visit our IPO Review section.
Financial Performance
Investors should always assess the financial health of a company before investing. Gajanand International has demonstrated steady growth in its financial performance, as seen in the table below:
| Year | Revenue (₹ in Crores) | Profit After Tax (₹ in Crores) |
|---|---|---|
| 2022 | ₹61.76 | ₹0.03 |
| 2023 | ₹73.42 | ₹1.41 |
| 2024 | ₹108.75 | ₹2.24 |
This improvement in financials reflects a positive growth trajectory, making the Gajanand International IPO appealing for long-term investors.
For more insights on allotment tips, visit our IPO Allotment Tips page.
Gajanand International IPO Valuation
Valuation metrics play a crucial role in assessing the potential of an IPO. Below are the key valuation indicators for FY2024:
| Metric | Value |
|---|---|
| Return on Equity (ROE) | 19.30% |
| Return on Capital Employed (ROCE) | 29.72% |
| EBITDA Margin | 3.72% |
| Price to Earnings (P/E) Ratio | 4.61 |
| Debt-to-Equity Ratio | 0.68 |
These strong financial ratios highlight the company’s profitability and efficient capital utilization.
Gajanand International IPO Grey Market Premium (GMP) Analysis
The Gajanand International IPO Grey Market Premium (GMP) has garnered attention due to its influence on investor sentiment. As of August 2024, the Gajanand International IPO GMP Today is trending positively, indicating strong demand for the shares even before the official listing. Investors can track the Gajanand International IPO GMP Latest updates regularly on our IPO GMP page.
| GMP Date | GMP Value (₹) |
|---|---|
| August 20, 2024 | ₹5 |
| August 25, 2024 | ₹7 |
| August 30, 2024 | ₹8 |
| September 5, 2024 | ₹9 |
Regular updates on Gajanand International IPO GMP Forecast, trends, and latest values are essential for investors looking to make informed decisions. Keep checking our IPO GMP section for real-time updates.
Objects of the Issue
The funds raised through this IPO will be used for the following purposes:
- To meet the working capital requirements of the company.
- For general corporate purposes.
- To cover the issue expenses.
Peer Comparison
In comparison to industry peers, Gajanand International Limited stands strong with a lower P/E ratio and better returns. Here’s a comparison:
| Company | EPS | P/E Ratio | RoNW % | NAV |
|---|---|---|---|---|
| Gajanand International | 2.17 | 4.61 | 19.30% | ₹13.52 |
| Arvind Limited | 13.49 | 28.77 | 1.27% | ₹126.06 |
| Trident Limited | 0.84 | 52.09 | 0.84% | ₹8.10 |
How to Apply for Gajanand International IPO
Investors can apply for the Gajanand International IPO through the ASBA process, either online via a bank account or by using UPI through a stockbroker. Offline forms are also available through brokers.
For detailed steps on applying for IPOs, visit our IPO Forms page.
FAQs about Gajanand International IPO
What is Gajanand International IPO? The Gajanand International IPO is an SME IPO aiming to raise ₹20.65 crores through a fixed-price issue at ₹36 per share.
When does the Gajanand International IPO open? The IPO opens for subscription on September 9, 2024, and closes on September 11, 2024.
What is the Grey Market Premium (GMP) of Gajanand International IPO? The Gajanand International IPO GMP is showing a positive trend, with recent values hovering around ₹9 per share.
How can I check the Gajanand International IPO allotment status? You can check the Gajanand International IPO Allotment Status on our IPO Allotment page after the allotment is finalized on September 12, 2024.
When will Gajanand International IPO list? The IPO is expected to list on the NSE SME on September 16, 2024.
For more updates on Gajanand International IPO GMP and other IPO-related news, visit our IPO Subscription section.
This detailed overview of the Gajanand International IPO covers everything from the Gajanand International IPO Date, Price, GMP, and allotment status to its peer comparison and financials. Stay tuned for more updates on the Gajanand International IPO GMP Trend as we approach the listing date.
