Gajanand International Ltd IPO
IPO Price Range: ₹36 - 36
Min Investment
₹1,08,000
IPO Size
₹20 Cr
IPO Status
Quantity in 1 Lot
3000
Max Bid allowed
1
Listing Exchange
NSE
IPO Application Timeline of Gajanand International Ltd
Key Statistics
 Bid Opening Date | 9 Sep 2024 |
| Bid Closing Date | 11 Sep 2024 |
| Allotment Date | 12 Sep 2024 |
 Issue Size | ₹20.65Cr |
 Quantity in 1 lot | 3000 |
Strength and risks
Strength
Good track record.
Government support Textile industry.
Leveraging the experience of its Promoters.
Experienced management team and a motivated and efficient work force.
Cordial relations with its consumers.
Quality assurance and control.
Risk
Its business is subject to seasonal volatility which contributes to fluctuations in the companys results of operations and financial condition.
The company does not have long term contracts with its suppliers and therefore, there may be potential unavailability of raw materials (Supply Chain Risks) in future which may adversely affect its business operations.
Its present promoters of the Company are first generation entrepreneurs.
The Company has negative cash flows from its operating activities, investing activities as well as financing activities in the current and past years, details of which are given below. Sustained negative cash flow could impact its growth and business.
Omission of Some Objects in the Memorandum of Association of the Company.
Its top 5 customers contributed 84.39%, 85% and 98% of the company 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 its revenues andprofitability.
The company has not entered into any long term or definitive agreements with its customers. If the company customers choose not to source their requirements from it, its business, financial condition and results of operations may be adversely affected.
Its top 5 customers contributed 84.39%, 85%and 98% of the company 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 its revenues and profitability.
Its dependence upon transportation services for supply and transportation of the company products are subject to various uncertainties and risks, and delays in delivery may result in rejection of products by customer.
Any adverse movement in the price of the raw material may affect the price of the finished products and affect its profitability.
Promoters Holding
| Investors | Holdings % |
| Ashok Bhagvanbhai Monsara | 23.64% |
| Truptiben Ashokbhai Monsara | 3.74% |
| Ashish Dhirajlal Monsara | 18.27% |
About Gajanand International Ltd
| Organisation | Gajanand International Ltd |
| Headquarters | Rajkot |
| Industry | Textiles |
Frequently Asked Questions
What is the size of the Gajanand International Ltd IPO?
The size of the Gajanand International Ltd IPO is ₹20.65Cr .
What is 'pre-apply' for Gajanand International Ltd IPO?
'Pre-apply' for Gajanand International Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.
When will my Gajanand International Ltd IPO order be placed?
Your Gajanand International Ltd IPO order will be placed on 9 Sep 2024.
What are the open and close dates of the Gajanand International Ltd IPO?
The open and close dates of the Gajanand International Ltd IPO are 9 Sep 2024 to 11 Sep 2024.
What is the lot size and minimum order quantity of the Gajanand International Ltd IPO?
The lot size and minimum order quantity of the Gajanand International Ltd IPO are 3000 and 3000 respectively.
What would be the listing gains on the Gajanand International Ltd IPO?
The potential listing gains on the Gajanand International Ltd IPO will depend on various market factors and cannot be predicted with certainty.