Gajanand International IPO Review

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.

The Company is led by Promoters, named, MR. ASHOK BHAGVANBHAI MONSARA is the Managing Director of the company, with over 20 years of experience in the cotton and related commodity industry, MRS. TRUPTIBEN ASHOKBHAI MONSARA brings a wealth of experience and expertise to her role as a graduate with over 15 years of experience in textile marketing and MR. ASHISH DHIRAJLAL MONSARA is a consulting Homeopath with a professional qualification of B.H.M.S with a solid C.9.0. rating. With 13 years of consulting experience, he is specializes in treating chronic diseases such as those affecting the GIT, joints, respiratory system, and skin.

Financially, Gajanand International revenue increased from ₹6,176.21 Lakhs in FY22 to ₹7,342.40 Lakhs in FY23 and currently jumped to ₹10,874.81 Lakhs in FY24. Similarly, EBITDA increased from ₹123.82 Lakhs in FY22 to ₹274.01 Lakhs in FY23 and currently at ₹404.07 Lakhs in FY24. The PAT also increased from ₹2.85 Lakhs in FY22 to ₹141.06 Lakhs in FY23 and currently at ₹223.73 Lakhs in FY24. This indicates a steady financial performance.

For the Gajanand International IPO, the company is issuing shares at a pre-issue EPS of ₹1.71 and a post-issue EPS of ₹1.18. The pre-issue P/E ratio is 21.05x, while the post-issue P/E ratio is 30.50x against Industry P/E ratio is 62.45x. The company's ROCE for FY24 is 29.72% and ROE for FY24 is 19.30%. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of Gajanand International showing potential listing gains of 10% - 12%. Given the company's financial performance and the valuation of the IPO, we recommend Investors to Avoid to the Gajanand International Limited IPO for Listing gain or long term investment purposes.