Gajanand International Limited IPO GMP

Gajanand International Limited was founded in 2009 and since then it has become a known name in its field. They are situated near the Bye Pass Circle (which is a well-known landmark in the area), Atkot Road, Jasdan-360050.

They have the best manufacturing infrastructure with a completely automated, cutting-edge technology-based factory in the cotton industry that produces contamination-free and sustainable cotton. Through their offerings, thye attempt to provide a pleasurable experience. They are well-known in the market for offering high-quality service to their consumers. Since their inception, they have established their foothold in this competitive market, and their Cotton range is given to clients at the most affordable costs. For them, their customers are their greatest teachers, and they are at the heart of all operating procedures.

Gajanand, an Fixed Price Issue amounting to ₹20.64 Crores, consisting entirely an Fresh Issue of 57.36 Lakh Shares. The subscription period for the Gajnand IPO opens on September 09, 2024, and closes on September 11, 2024. The allotment is expected to be finalized on or about Thursday, September 12, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Monday September 16, 2024.

The Share price of Gajanand IPO is set at ₹36 equity per share, with a minimum lot size of 3,000 shares. Retail investors are required to invest a minimum of ₹108,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (6,000 shares), amounting to ₹216,000.

FAST TRACK FINSEC PRIVATE LIMITED is the book-running lead manager, SKYLINE FINANCIAL SERVICES PRIVATE LIMITED is the registrar for the Issue. Nikunj Stock Broker Limited is the sole Market Marker for the Gajanand International IPO.

Gajanand International Limited IPO GMP Today
The Grey Market Premium of Gajanand International Limited IPO is expected in the range of ₹3 to ₹4 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Gajanand International Limited IPO Live Subscription Status Today
As of 06:10 PM on 11 September 2024, the Gajanand International Limited IPO live subscription status shows that the IPO subscribed 14.28 times on its Final day of subscription period. Check the Gajanand International Limited IPO Live Subscription Status Today at NSE.

Gajanand International Limited IPO Allotment Status
Gajanand International IPO allotment date is 12 September, 2024, Thursday. Gajanand IPO Allotment will be out on 12th August 2024 and will be live on Registrar Website from the allotment date. Check Gajajnand International Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Gajanand International Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Gajanand International Limited IPO
Gajanand Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. ₹1498.72 Lakhs is required to meet out the Working Capital requirements of the Company; 
2. ₹401.24 Lakhs is required to meet out the General Corporate Purposes; and 
3. To meet out the Issue Expenses

Refer to Gajanand International Limited RHP for more details about the Company.