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.

Check latest IPO Review & analysis, Live GMP today, Live Subscription Status Today, Share Price, Financial Information, latest IPO news, Upcoming IPO News before applying in the IPO.

The Upcoming IPOs in this week and coming weeks are SPP Polymer Limited, Trafiksol ITS Technnologies Limited, P N Gadgil Jewellers, Excellent Wires and Packaging Limited, Innoment Advanced Materials Limited, Envirotech Systems Limited, Deccan Transcon Leasing Limited, Western Carriers (India) Limited, Arkade Developers Limited, Archit Nuwood Industries Limited.

The current active IPO is Share Samadhan Limited, Gajanand International Limited, Bajaj Housing Finance Limited, Aditya Ultra Steel Limited, Tolins Tyres Limited, Kross Limited, ShubhShree Biofuels Limited, Vision Infra Equipment Solutions, My Mudra Fincorp Limited, Shree Tirupati Balajee Limited.

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About Gajanand International Limited

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.

Vision:
They see themselves being recognized as one of the top ten cotton producers by 2025. Their vision shows their goal to constantly improve, succeed, and be the best. 

Mission:
Their mission is to strengthen their relationship with the customers and provide superior quality of cotton quality. They aim to maintain and improve Indian Cotton Fiber Quality Standards by minimizing Trash and Moisture, Improving the Cotton Grade Standard and Cotton Packing Standard, and Providing Logistic Support to Ensure Timely Delivery. 

COTTON INDUSTRY
Cotton is one of the most important commercial crops cultivated in India and accounts for around 24% of the total global cotton production. It plays a major role in sustaining the livelihood of an estimated 6 million cotton farmers and 40-50 million people engaged in related activity such as cotton processing & trade. The Indian Textile Industry consumes a diverse range of fibres and yarns and the ratio of use of cotton to non - cotton fibres in India is around 60:40 whereas it is 30:70 in the rest of the world. 

Apart from being the provider of a basic necessity of life i.e. clothing which is next only to food, cotton is also one of the largest contributor to India’s net foreign exchange by way of exports in the form of raw cotton, intermediate products such as yarn and fabrics to ultimate finished products in the form of garments, made ups and knitwear. Due to its economic importance in India, it is also termed as “WhiteGold”.

India is the largest producer of cotton globally, accounts for 23% of total global cotton production. It is a crop that holds significant importance for the Indian economy and the livelihood of Indian cotton farmers. Cotton grows over 13.06 million hectares in India compared to 33.1 million hectares globally. The Indian cotton industry provides livelihood to about 60 million people in the country.

India’s total production of cotton in the year 2023-24 (until November 2023) is 31.6 million bales (bales of 170 kg each). Total production of cotton in the year 2022-23 was 34.3 million bales and in 2021-22, it stood at 31.1 million bales. The Central Zone (which comprises states like Gujarat, Maharashtra, and Madhya Pradesh) was the biggest producer of cotton in India in 2022-23, with Gujarat being the highest producer of the Central Zone, contributing 9.49 million bales (bales of 170 kg each). Saurashtra constitutes about 70% of Gujarat’s cotton production, with farmers in Amreli - the state’s largest cotton district – playing a key role. Yavatamal, Buldhana, Akola Amravati Nagpur Washim, and Wardha are the districts of Vidarbha which are Maharashtra’s major cotton-producing areas. 

The Southern Zone (which comprises states like Telangana, Andhra Pradesh, Karnataka, and Tamil Nadu) is the second biggest producer of cotton, producing about 28.5% of the nation’s cotton, with Telangana producing the largest in the Southern Zone and the third largest in the country, contributing 5.31 million bales (bales of 170 kg each). The cotton textiles industry is the second largest employer in the country after agriculture, while also sustaining the livelihoods of an estimated 6.5 million cotton farmers and driving a large export market.

The Cotton Corporation of India was established in July 1970 under the administrative control of the Ministry of Textiles, the Government of India as a Public Sector Undertaking under the Companies Act 1956. Initially, CCI served as a canalizing agency for cotton imports and raw cotton purchases in order to provide required pricing support to enterprising planters and to procure raw cotton for textile mills. CCI’s role now however is to stabilize prices by enforcing price support measures whenever the market prices fall below the government decided price supports. CCI also conducts commercial purchasing operations to meet the domestic textile industry's raw material requirements, particularly during the lean season.

GAJANAND INTERNATIONAL LIMITED COMPETITIVE STRENGTHS
1. Installed Capacity of 37,500 MT / Annum
2. Location advantage
3. Increasing Business scalability and captive consumption

GAJANAND INTERNATIONAL LIMITED STRATEGIES
1. Improving operational efficiencies
2. Expand geographical reach
3. Strengthening their brand
4. Training their employees

GAJANAND INTERNATIONAL LIMITED RISK FACTORS & CONCERNS
1. Their top 5 customers contributed 84.39%, 85%and 98% of their total revenue from operations for the year ended March 31, 2024, for the year ended March 31, 2023 and for the year ended March 31, 2022. Any loss of business from one or more of them may adversely affect their revenues and profitability.
2. Their dependence upon transportation services for supply and transportation of their products are subject to various uncertainties and risks, and delays in delivery may result in rejection of products by customer.
3. The present production capacity installed at their manufacturing unit is not fully utilized.
4. Their existing manufacturing operation is geographically located at one place.
5. The business is subject to seasonal volatility which contributes to fluctuations in their results of operations andfinancial condition.