Gajanand International IPO Allotment Today: Check Your Status Online Now! Don’t Miss Out on Key SME IPO Details

The Gajanand International Ltd IPO, which manufactures a range of cotton products, saw good demand from investors. Now that the bidding period has ended, investors are waiting for the IPO allotment to be confirmed, which is expected to happen today, September 12.

The Gajanand International IPO was open for subscription from September 9 to September 11, and the company is likely to finalise the share allotment today. This IPO is part of the SME segment, and the company’s shares will be listed on the NSE SME platform on September 16.

Successful applicants will receive their Gajanand International shares in their demat accounts on September 13. Refunds to those who did not get shares will be processed on the same day.

How to Check Gajanand International IPO Allotment Status Online

To check the status of your Gajanand International IPO allotment online, you can use either the NSE website or the official portal of the IPO registrar, Skyline Financial Services Pvt Ltd. Follow these steps:

1. Visit the IPO registrar’s website at https://www.skylinerta.com/ipo.php
2. Select ‘Gajanand International Limited’ from the dropdown list of companies.
3. Enter your DPID/Client ID, Application Number, or PAN.
4. Your Gajanand International IPO allotment status will be shown on the screen.

Grey Market Premium (GMP)

Today’s GMP for Gajanand International is ₹0, meaning that the shares are trading at the same price as the issue price, with no premium or discount in the grey market. Based on this, Gajanand International shares are expected to be listed at ₹36 per share, which matches the IPO price.

Gajanand International IPO Details

• The IPO was open for subscription from September 9 to September 11.
• The expected allotment date is September 12, with shares listing on September 16 on the NSE SME platform.
• The price per share was set at ₹36.
• The company raised ₹20.65 crore through the issue, with all 57.36 lakh shares being fresh.
• The IPO was subscribed 15.27 times overall, with the retail category getting 24.18 times subscription and the Other category seeing 5.79 times.

Fast Track Finsec Pvt Ltd was the lead manager of this IPO, and Skyline Financial Services Pvt Ltd handled the allotment process.