Gajanand International Ltd - IPO

Gajanand International Ltd IPO Details

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.

Objective of issue

Working capital requirement. General corporate purposes.

Gajanand International Ltd Contact Details

Gajanand International Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

Phone - 91-11-26812682

Fax - 91-11-30857562

Email - gajanandcottex@gmail.com

Website - www.gajanand-int.com