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.

What is the current subscription status of Gajanand International Limited IPO?

Gajanand International Limited IPO has received a total subscription of 15.04 times overall.

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 Subscription Status Allotment Status Filing Documents

Overall Subscription

15.04x

Total Demand

QIB Multiplier

0.00x

Institutions & Funds

NII / HNI

24.18x

High Net-Worth

Retail (RII)

0.00x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 15.04x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	—	16,047,000	0.00x
NIB	2,724,000	65,865,000	24.18x
RETAIL	2,724,000	—	0.00x
Total	5,448,000	81,912,000	15.04x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 15.36x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	669	10,062	15.04x
HNIs (10L +)	4	97	24.18x
HNIs (2-10L)	20	484	24.18x
Total Applications	693	10,643	15.36x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

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.

Bidding & Quota Instructions:

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.

Allotment Reconciliation Schedule:

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 is Gajanand International Limited IPO GMP today?

Currently, Gajanand International Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹36 to ₹36 per equity share.

What is the expected profit per lot for Gajanand International Limited IPO?

The retail lot size is 3000 shares requiring a minimum application amount of ₹1,08,000. Expected listing price is ₹36 per equity share.

What is the issue size and price band for Gajanand International Limited IPO?

The Gajanand International Limited IPO aggregate issue size is ₹20.65 Crores with an equity price band set at ₹36 to ₹36 per equity share. The retail lot size is 3000 shares requiring a minimum capital outlay of approx. ₹1,08,000.

How can I check Gajanand International Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 15.04x (Retail: 0.00x, QIB: 0.00x, NII: 24.18x). You can track live multiples directly on our dedicated subscription page.

Where and when will Gajanand International Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Skyline Financial Services Private Limited) and the BSE status verification website on or around 2024-09-12. Investors can verify status using PAN card or application number.

When is the listing date for Gajanand International Limited IPO?

Gajanand International Limited shares are scheduled to list on NSE on 2024-09-16.