What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Gajanand International Limited IPO allotment date?

The basis of allotment for Gajanand International Limited IPO is scheduled to be finalized on 12 Sep 2024.

Where can I check Gajanand International Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Skyline Financial Services Private Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 13 Sep 2024.

IPO GreyPremiumLIVE

Grey Market Intelligence

Gajanand International Limited

ListedSME

Consumer Discretionary / Textiles · NSE

Gajanand International Limited, founded in 2009 (formerly Gajanand Cottex Private Limited), is known for producing contamination-free and sustainable cotton. The company offers a variety of cotton products, including Mech1 Cotton, grown in Madhya Pradesh and Maharashtra, Shankar6 Cotton, India's most exported raw cotton, and DCH 32 Cotton, cultivated in Karnataka, Tamil Nadu, and Madhya Pradesh. They also produce Khol, made from high-quality cotton seeds. As of March 31, 2024, the company has 22 employees.

Price Band

₹36

Issue Size

₹20.65 Cr

Lot Size

3000 shares

GMP

—

Est. Listing

₹36

at current GMP

Subscribed

15.04x

overall

Open

9 Sep 2024

11 Sep 2024

Allotment

12 Sep 2024

Refund

13 Sep 2024

Demat Credit

14 Sep 2024

Listing

16 Sep 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Gajanand International Limited Allotment Status

Designated Registrar: Skyline Financial Services Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

12 Sep 2024

Basis finalization

Refunds Initiate

13 Sep 2024

Mandate release

Demat Credit

14 Sep 2024

Shares in demat

Listing Debut

16 Sep 2024

Trading begins

About Gajanand International Limited Public Issue & Market Profile

Gajanand International Limited is bringing an initial public offering (IPO) in the Consumer Discretionary / Textiles sector with an aggregate issue size of ₹20.65 Crores. The shares are offered at a price band of ₹36 to ₹36 per equity share on NSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Public Issue & Allotment Procedure:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Official Allotment Timelines & Registrar Guidance:

Following the close of bidding on 2024-09-11, the basis of allotment is scheduled to be finalized on 2024-09-12. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Skyline Financial Services Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.