Gajanand International Limited
smelistedAbout the company
## **About Gajanand International Limited** Gajanand International Limited, founded in 2009 and formerly known as Gajanand Cottex Private Limited, stands as a leading player in the cotton manufacturing sector. The company specializes in producing a range of high-quality cotton types, including Mech1, Shankar6, DCH 32, and Khol. Located strategically in Gujarat, India, with an installed capacity of 37,500 MT/year, Gajanand International has developed a sophisticated infrastructure for ginning, quality inspection, storage, and packing. Their advanced facilities are equipped with modern machinery operated by a skilled team, ensuring the production of contamination-free and sustainable cotton. The company’s product portfolio highlights its commitment to quality and variety. Mech1 cotton, cultivated in Madhya Pradesh and Maharashtra, is noted for its high standard, while Shankar6 cotton is renowned as India’s most exported raw cotton variety. DCH 32 cotton, grown in Karnataka, Tamil Nadu, and Madhya Pradesh, and Khol, made from premium cotton seeds, further showcase the company’s diverse offerings. By focusing on these distinct varieties, Gajanand International meets varied market needs and supports the local agricultural economy. Gajanand International’s operational model emphasizes efficiency and adaptability. The company initiates contact with farmers, traders, and commission agents to procure raw cotton. Prices are set on a Free on Road (FOR) basis, inclusive of transportation costs. Quality inspection is rigorously conducted by experienced staff at the supplier’s premises. Based on market conditions, the company decides whether to sell the cotton immediately or store it for later use. Orders are then secured from flour mills and wholesalers through brokers or referrals, ensuring a steady market presence. Looking ahead, Gajanand International aims to become one of the top ten cotton producers by 2025. Their vision reflects a commitment to continuous improvement and customer satisfaction. With a focus on upholding Indian Cotton Fiber Quality Standards, minimizing trash and moisture, and enhancing cotton grading and packing, the company strives to deliver superior quality products and exceptional service. By integrating cutting-edge technology with dedicated human resources, Gajanand International is poised to maintain its leadership in the cotton industry and foster enduring client relationships. Gajanand International Limited prepares for its Initial Public Offering (IPO), the proceeds from the Fresh Issue will be allocated towards critical objectives: 1. To meet out the Working Capital requirements of the Company. 1. To meet out the General Corporate Purpose 1. To meet out the Issue Expenses.
GMP trend (Grey Market Premium by date)
| Date | GMP (₹) | Est. Listing | Change |
|---|---|---|---|
| 21 Aug | ₹16.5 | ₹52.5 | -1.5 |
| 20 Aug | ₹18 | ₹54 | -5 |
| 19 Aug | ₹23 | ₹59 | -7 |
| 18 Aug | ₹30 | ₹66 | +23 |
| 17 Aug | ₹7 | ₹43 | +7 |
| 16 Aug | ₹0 | ₹36 | 0 |
| 15 Aug | ₹0 | ₹36 | 0 |
| 14 Aug | ₹0 | ₹36 | 0 |
Strengths
- Established Alternative Asset Manager: Gaja has more than two decades of experience in managing and advising India-focused alternative investment funds.
- Strong Investment Track Record: The company has a proven track record across multiple Gaja Capital funds and investment cycles.
- Asset-Light Business Model: Its fee-based model generates management fees, carried interest and income from sponsor commitments, offering potential operating leverage.
- Experienced Management: Promoters and senior management have extensive experience in private equity and alternative investments.
Risks
- Fund Performance Dependence: Revenue and profitability depend significantly on the performance of funds managed and advised by the company.
- Carried Interest Volatility: Carried interest can be unpredictable and may create significant fluctuations in income and cash flows.
- Fundraising Risk: Failure to raise sufficient capital from investors or delays in capital commitments could affect business growth and financial performance.
- Key Person Risk: The business relies heavily on experienced promoters and senior investment professionals, making talent retention important.
- Competitive Industry: Gaja faces competition from domestic and global alternative asset managers, private equity firms and other financial institutions.
Financial performance (₹ Cr)
IPO Roadmap / Timeline
IPO Opens
Completed09 Sept 2024Bidding starts for all investor categories
IPO Closes
Completed11 Sept 2024Last day to place your bid
Basis of Allotment
Completed11 Sept 2024Share allotment finalised
Refund Initiation
Completed13 Sept 2024Refunds credited for non-allottees
Credit to Demat
Completed12 Sept 2024Allotted shares credited to demat account
Listing on Exchange
Completed16 Sept 2024Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 3000 | ₹108,000 | 1 | ₹108,000 | 1 lot only |
| HNI | 2 | 6000 | ₹216,000 | 2 | ₹216,000 | Min 2 lots |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 2,868,056 | 10.33 | 0 | 0.00x | 100% |
| NII | 15% | 860,417 | 3.1 | 0 | 0.00x | 100% |
| Retail | 35% | 2,007,639 | 7.23 | 0 | 0.00x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
