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IPO Synopsis

Gajanand International Ltd
Public issue of 57,36,000 equity shares of face value Rs. 10/- each of Gajanand International Limited. ("Gajanand" or the "Company" or the "Issuer") for cash at a price of Rs. 36/-per equity share ("Issue Price") including a share remium of Rs. 26/- per equity share), aggregating to aggregating to Rs. 20.65 crores ("The Issue"), out of which, 2,76,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 36/- per equity share aggregating to Rs. 0.99 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. issue of 54,60,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 36/- per equity share aggregating to Rs. 19.66 crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 30.45% and 28.99%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each and the issue price is Rs. 36 the issue is 3.6 times of the face value.
Issue
Opens On Closes On
09-Sep-24 11-Sep-24
Money Payable On
Application Allotment
36.00 0.00
Minimum Application for shares in Nos : 3000 Further Multiples of : 3000
(.Cr) Lead Managers to the Issue
Project Cost (.Cr) 19.00 Fast Track Finsec Pvt Ltd
Project Financed through Current Offer (.Cr) 20.65  
Post Issue Equity Share Capital (.Cr) 18.84
Issue Price () 36.00
Projects
Working capital requirement
General corporate purposes
Promoted By
Ashok Bhagvanbhai Monsara
Truptiben Ashokbhai Monsara
Ashish Dhirajlal Monsara
Listing At
NSE - SME
Registrar to the Issue
Skyline Financial Services Pvt
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