Bookbuilding IPO | ₹[.] Cr | Listing at BSE SME |
Grandmaa International Ltd. has filed a Draft Red Herring Prospectus (DRHP) with the exchange on January 29, 2025 to raise funds through Initial Public Offer (IPO).
Grandmaa International Ltd. IPO is a Book Build Issue consisting solely of fresh issue of upto 0.30 crore equity shares.
The equity shares are proposed to be listed on the BSE SME. Interactive Financial Services Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Grandmaa International IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 30,00,000 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 30,00,000 shares (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 62,90,000 shares |
| Share Holding Post Issue | 92,90,000 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Wed, Jan 29, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII Shares Offered | Not less than 15% of the Offer |
Incorporated in December 30, 2020, Grandmaa International Limited is an Indian company engaged in the manufacture and trade of textile products. Initially incorporated as Grandmaa International Private Limited on December 30, 2020, the company was later converted into a public limited entity on August 11, 2023.
The company offers a diverse range of products including garments such as sweaters, t-shirts, shoes, and beanies. With operations spanning both manufacturing and trading, Grandmaa International caters to clients across domestic and international markets, delivering textile solutions that blend quality, style, and functionality.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 51.66 | 44.23 | 33.19 | 14.51 |
| Total Income | 21.08 | 39.03 | 28.16 | 10.74 |
| Profit After Tax | 2.83 | 5.26 | 3.03 | 0.64 |
| EBITDA | 5.35 | 9.78 | 5.18 | 1.43 |
| NET Worth | 23.97 | 21.25 | 9.00 | 3.13 |
| Reserves and Surplus | 17.68 | 14.96 | 5.51 | 0.64 |
| Total Borrowing | 22.61 | 20.75 | 17.10 | 7.49 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Plant and Machinery | 0.91 |
| 2 | Working capital requirement | 17.00 |
| 3 | Repayment of Debt | 6.75 |
| 4 | General corporate purposes |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 34.77% |
| ROCE | 30.08% |
| Debt/Equity | 0.98 |
| RoNW | 24.75% |
| PAT Margin | 13.58% |
| EBITDA Margin | 25.06% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 100% |
Lead Manager Reports
Grandmaa International IPO is a SME IPO of 30,00,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Grandmaa International IPO open and close dates are not available as of now.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Grandmaa International IPO using UPI as a payment gateway. Zerodha customers can apply in Grandmaa International IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Grandmaa International IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Grandmaa International IPO dates are not announced. Please check back again after some time.
Grandmaa International IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Grandmaa International IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Grandmaa International IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Grandmaa International IPO allotment status.
The Grandmaa International IPO listing date is not yet announced. The tentative date of listing is .
