Gajanand International IPO subscription status started on September 09, 2024, and closed on September 11, 2024. The company aims to raise approximately ₹20.65 crore via this IPO. The retail quota is 50%, and NII is 50%. The price band is fixed at ₹36 per equity share.
The IPO consists of a minimum market lot of 3000 Shares requiring an application amount of ₹1,08,000. Gajanand International is an SME IPO that will be listed on the NSE.
Table of contents
IPO Overview
Founded in 2009, Gajanand International Limited, formerly known as Gajanand Cottex Private Limited, is renowned for producing contamination-free and sustainable cotton. The company has established a strong market presence by offering high-quality products at affordable prices.
The company’s product portfolio includes Mech1 cotton, which is cultivated in Madhya Pradesh and Maharashtra, sown in June/July, and harvested between November and January. Additionally, Shankar6 cotton, grown domestically, is one of the most exported raw cotton varieties from India. DCH 32 cotton, which is sown in July-August and harvested from December to March, is cultivated in Karnataka, Tamil Nadu, and Madhya Pradesh. Lastly, Khol, made from high-quality and pure cotton seeds, complements the company’s diverse product range.
Furthermore, Gajanand International Limited operates a hygienic warehouse and packaging facility, organized into sections for efficient product storage. The company’s reach extends across India, with a presence in Madhya Pradesh, Maharashtra, Orissa, Tamil Nadu, and Telangana, and it also serves global markets in Bangladesh, China, Turkey, Vietnam, and Africa.
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We advise investors to consider applying for an IPO with a long-term perspective. It’s also important to review the QIB, NII, and Retail subscription figures before making an investment decision.
Gajanand International IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| NII | 0.17 | 0.92 | 5.79 |
| RII | 1.88 | 7.93 | 24.18 |
| Total | 1.03 | 4.43 | 15.27 |
Gajanand International IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, Mutual Funds
- Non-Institutional Investors (NII): Individual Investors, NRIs, Companies, Trusts, etc.
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
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Gajanand International IPO Form
To apply for the Gajanand International, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
The IPO subscription starts on September 09, 2024, for NII, and Retail Investors.
You can apply through ASBA and non-ASBA options via your bank account, broker, or UPI app.
Visit our portal for live IPO subscription numbers updated hourly. Live data is also available on the official IPO page.
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