Gopal Snacks is scheduled to hit the market on March 6, 2024 and close on March 11, 2024. Gopal Snacks plans to raise around ₹650.00 Cr through an IPO with a sale of up to 16,209,476 equity shares of ₹1 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Gopal Snacks Limited, established in 1999, is a company in the FMCG sector that specializes in both traditional and modern snack items in India and globally. Their product range includes ethnic snacks like namkeen, gathiya, as well as western snacks like wafers, extruded snacks, and snack pellets. Additionally, they offer popular consumer goods such as papad, spices, gram flour, noodles, rusk, and soan papdi. With 276 different Stock Keeping Units (SKUs) and 84 products across various categories, the company caters to a wide range of tastes and preferences.
By September 2023, Gopal Snacks Limited had expanded its reach to over 523 locations spanning 10 states and two Union Territories. The company's sales and marketing team consisted of 741 employees supporting a robust distribution network comprising three depots and 617 distributors. To facilitate efficient distribution, they operated a fleet of 263 logistics vehicles. The company's manufacturing infrastructure included six units, with primary facilities located in Nagpur (Maharashtra), Rajkot (Gujarat), and Modasa (Gujarat), along with ancillary units in Rajkot and Modasa. These facilities collectively boasted an annual installed capacity of 404,728.76 metric tons as of September 30, 2023.
Gopal Snacks IPO Details
Gopal Snacks IPO opens on March 06, 2024, and closes on March 11, 2024. The Listing date for Gopal Snacks IPO is on March 14, 2024. The price band for IPO is ₹381 to ₹401 per share and lot size of 37 Shares.
| IPO Date | Mar 06, 2024 to Mar 11, 2024 |
| Listing Date | Mar 14, 2024 |
| Price | ₹381 to ₹401 per share |
| Lot Size | 37 Shares |
| Issue Size | ₹650.00 Cr |
| Face Value | ₹1 per share |
Gopal Snacks IPO Tentative Timetable
Gopal Snacks opening date is March 06, 2024 and close date is March 11, 2024. The IPO allotment date is March 12, 2024. The refund initiation of IPO is on March 13, 2024. The credit of shares in demat account is on March 13, 2024. The listing date is on March 14, 2024.
| Event | Date |
|---|---|
| IPO Opening | Mar 06, 2024 |
| IPO Closing | Mar 11, 2024 |
| IPO Allotment Date | Mar 12, 2024 |
| Refund Initiation | Mar 13, 2024 |
| Shares Credit to Demat | Mar 13, 2024 |
| Lisiting Date | Mar 14, 2024 |
Gopal Snacks IPO Lot Size
Lot Size of this IPO is 37 shares. A retail-individual investor can apply for up to 13 lots (481 shares or ₹192,881).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 37 | ₹14,837 |
| Retail(Maximum) | 13 | 481 | ₹192,881 |
| S-HNI (Minimum) | 14 | 518 | ₹207,718 |
| B-HNI (Minimum) | 68 | 2,516 | ₹1,008,916 |
Gopal Snacks IPO Promoter Holding
| Pre Issue Share Holding | 93.50% |
| Post Issue Share Holding |
Gopal Snacks IPO Review
Gopal Snacks Ltd. (GSL) is gearing up for its IPO, targeting to raise Rs. 650 crore through the issuance of 16,209,478 equity shares at a price range of Rs. 381 to Rs. 401 per share. This IPO, scheduled to open on March 6, 2024, and close on March 11, 2024, is structured as a pure Offer for Sale (OFS), with no proceeds flowing into the company. Despite facing challenges like declining capacity utilization and regulatory notices, GSL has positioned itself as a key player in the FMCG sector, particularly in the production of namkeen and other packaged snacks.
Investors eyeing GSL's IPO should take note of the company's commendable financial performance in recent years, marked by consistent growth in revenue and net profit. However, with the IPO being deemed fully priced based on FY24 annualized earnings, potential investors are advised to conduct thorough due diligence before making investment decisions. GSL's proactive measures to expand its product range, enhance capacity utilization, and address regulatory concerns demonstrate a strategic approach by the management to navigate the competitive landscape of the FMCG industry.
In conclusion, GSL's IPO offers investors an opportunity to tap into the growth potential of one of India's leading FMCG companies specializing in ethnic snacks. With a focus on innovation, market expansion, and margin improvement strategies, GSL aims to carve a niche for itself in the dynamic FMCG market. Investors looking for exposure to a company with a strong foothold in the snack industry and a track record of revenue growth may find GSL's IPO appealing for long-term investment goals.
Gopal Snacks IPO Subscription Status (Bidding Details)
Table not foundGopal Snacks IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Gopal Snacks IPO FAQs
What is Gopal Snacks IPO?
Gopal Snacks is issuing 16,209,476 equity shares with a face value of ₹1 each, totaling up to ₹251.19 Cr. The shares are being offered at a price of ₹381 to ₹401 each, with a minimum order quantity of 37 shares.
Link Intime India Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Gopal Snacks IPO will open?
Gopal Snacks will open on March 06, 2024 for QIB, NII, and Retail Investors.
When Gopal Snacks IPO will end?
Gopal Snacks will end on March 11, 2024.
What is Gopal Snacks IPO Size?
Gopal Snacks IPO size is ₹650 Cr.
What is Gopal Snacks IPO Price Band?
Gopal Snacks price band is ₹381 to ₹401 per share.
What is the Gopal Snacks IPO Allotment Date?
Gopal Snacks allotment date is March 12, 2024.
What is the Gopal Snacks IPO Listing Date?
Gopal Snacks listing date is March 14, 2024. The IPO is to be listed on BSE and NSE.
How to Gopal Snacks IPO through Zerodha?
To apply for the IPO “Gopal Snacks” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Gopal Snacks IPO through Upstox?
To apply for the IPO “Gopal Snacks” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Gopal Snacks IPO Allotment Status?
For Gopal Snacks IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Gopal Snacks IPO GMP?
You can check out here: Gopal Snacks IPO GMP