Issue Price
₹36
Per Share
GMP
NIL
Grey Market
Est. Listing
₹36
Expected Price
Min. Application
₹216,000
2 lots × 3000 shares
Founded in 2009, Gajanand International Limited, formerly known as Gajanand Cottex Private Limited, is engaged in the production of contamination-free and sustainable cotton.The company's product portfolio includes:Mech1 cotton: grown in Madhya Pradesh and Maharashtra, it is sown in the June/July period and harvested from November to January.Shankar6 cotton: This is grown domestically and is the most exported raw cotton variety in India.DCH 32 cotton: It is sown in the months of July-August and is ready for harvest from December to March. It is grown in the states of Karnataka, Tamil Nadu and Madhya Pradesh.Khol: It is made from high-quality and pure cotton seeds.Company strengths:The company has an installed capacity of 37,500 MT/yearLocation advantage: Raw material harvesting nearby/easy availability and readily available transportation.Increasing scalability of the company and self-consumption: By expanding its operations and diversifying its product offering, the company has improved its ability to adapt quickly to changing market demand.As of March 31, 2024, the company had 22 employees.
Gajanand International Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 288,000 | — | ₹1.04 Cr | — |
| TOTAL | 5,736,000 | 100.00% | ₹20.65 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹108,000 |
| Retail (Max) | 13 | 39,000 | ₹1,404,000 |
| sNII (Min) | 14 | 42,000 | ₹1,512,000 |
| bNII (Min) | 68 | 204,000 | ₹7,344,000 |
| Particulars | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue from Operations | 10874.81 | 7342.40 | 6176.21 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 223.73 | 141.06 | 2.85 |
| Net Worth | 1771.36 | 547.62 | 406.57 |
| Total Assets | 3931.10 | 1900.58 | 1944.36 |
| Reserves & Surplus | 461.40 | 505.75 | 364.70 |
| Total Borrowings | 1207.07 | 1179.48 | 1465.28 |