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Gajanand International IPO
Gajanand International Ltd
₹1,08,000 /3000 sharesMinimum Investment
Gajanand International IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹36.00 | ₹42.00 | ₹6.00 (16.67%) |
Gajanand International IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 9 Sep ‘24 - 11 Sep ‘24 | ₹1,08,000 | 3,000 | ₹36 - ₹36 |
| Issue Size | IPO Doc |
|---|---|
| 20.65Cr | RHP PDF |
About Gajanand International
Founded in
2009
Managing director
Mr. Ashokbhai B Monsara
Parent organisation
Gajanand International Ltd
Strengths & Financials of Gajanand International
Strengths
Risks
Gajanand International has an installed capacity of 37,500 metric tonnes per annum.
The company holds ISO 9001:2015 certification for quality management systems.
To minimise costs and save time required for transportation, the company selects its locations near cotton-growing regions.
The company has seen a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 61.74 crore in FY22 to Rs 73.36 crore in FY23 to Rs 108.65 crore in FY24. PAT increased from Rs 0.03 crore in FY22 to Rs 1.41 crore in FY23 to Rs 2.24 crore in FY24.
Gajanand International does not have any long-term agreements with any of the company’s suppliers. Any negative developments in their relations or any adverse changes may lead to raw material shortages, which can be detrimental to the functioning of the company.
A significant portion of the company's revenue depends on its top five customers. These customers contributed 84.39%, 85%, and 98% to revenue from operations in FY24, FY23, and FY22. Any loss of customers or a decline in demand from their end can adversely affect the company’s operations and finances.
The company's production facilities are concentrated in one location—Jasdan, Gujarat. Any adverse changes in the business environment of this location could disrupt the company's operations.
Gajanand International, along with its promoters and directors, are involved in certain legal and regulatory proceedings. Any adverse judgments in any of these cases can be detrimental to the company’s business prospects.
As of March 31, 2024, Gajanand International had a total indebtedness of Rs 12.07 crore. Any inability to service or repay these loans could adversely affect the business.
Gajanand International Financials
*All values are in Rs. Cr
No Graph Data To Display
Application Details of Gajanand International IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹36 - 36 | ₹2 - 5 Lakh |
| High Networth Individual | ₹36 - 36 | ₹2 - 5 Lakh |
For Gajanand International IPO, eligible investors can apply as Regular.