The Gopal Snacks IPO date has been confirmed from March 6 2024, and closes on March 11, 2024. Read the post to learn about Gopal Snacks Limited IPO GMP.
Gopal Snacks’ IPO is priced at Rs 650.00 crores and offers shares ranging from ₹381 to ₹401 each. Applications must fulfil a minimum lot size of 37 shares. Retail investors must invest a minimum of ₹14,837. Investors must pledge to invest at least 14 lots (518 shares), or ₹207,718, to participate in sNII. Conversely, for bNII, the entry requirement is 68 lots (2,516 shares), amounting to ₹1,008,916.
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Key Details Of Gopal Snacks Limited IPO:
Bidding Dates
Mar 6-11
Price Range
₹381 to ₹401 per share
Face Value
₹1 per share
GMP
₹-25
Gopal Snacks IPO GMP
The Gopal Snacks IPO GMP Today is ₹-25.
Gopal Snacks Limited IPO Overview
Gopal Snacks Limited is issuing an IPO through book-building, with a total worth of Rs 650.00 crore. The central focus is on a sales offer. The Gopal Snacks IPO subscription window begins on March 5, 2024, and finishes on March 7, 2024. The Gopal Snacks IPO allotment will end on Monday, March 11, 2024. The BSE and NSE are preparing to list the Gopal Namkeen IPO on Wednesday, March 13, 2024.
The Gopal IPO’s pricing falls within the range of ₹381 to ₹401 per share. The application mandates a minimum lot size of 37 shares. Retail investors must commit a minimum investment of ₹14,837. The minimum lot size investment for sNII is 14 lots (518 shares), costing ₹207,718, while for bNII, it’s 68 lots (2,516 shares), costing ₹1,008,916.
Gopal Snacks IPO Details
| IPO Date | March 6, 2024 to March 11, 2024 |
| Listing Date | 14-Mar-2024 |
| Face Value | ₹1 per share |
| Price Band | ₹381 to ₹401 per share |
| Lot Size | 37 Shares |
| Total Issue Size | 16,209,476 shares (aggregating up to ₹650.00 Cr) |
| Offer for Sale | 16,209,476 shares of ₹1 (aggregating up to ₹650.00 Cr) |
| Employee Discount | Rs 38 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 124,604,370 |
| Share holding post issue | 124,604,370 |
Gopal Snacks Limited Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 434.54 | 461.28 | 399.72 | 341.89 |
| Revenue | 677.97 | 1,398.54 | 1,356.48 | 1,129.84 |
| Profit After Tax | 55.57 | 112.37 | 41.54 | 21.12 |
| Net Worth | 346.10 | 290.88 | 177.66 | 135.74 |
| Reserves and Surplus | 333.17 | 277.60 | 176.53 | 134.61 |
| Total Borrowing | 26.05 | 106.37 | 164.12 | 138.99 |
| Amount in ₹ Crore | ||||
Gopal Snacks IPO Timeline
| IPO Open Date | Wednesday, March 6, 2024 |
| IPO Close Date | Monday, March 11, 2024 |
| Basis of Allotment | Tuesday, March 12, 2024 |
| Initiation of Refunds | Wednesday, March 13, 2024 |
| Credit of Shares to Demat | Wednesday, March 13, 2024 |
| Listing Date | Thursday, March 14, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 11, 2024 |
Company Profile
Since its founding in 1999, Gopal Snack Limited has been well-known in the quick-scanning item market. It is one of the leading FMCG companies that specialises in the distribution of ethnic and Western snacks along with other products both locally in India and internationally. The corporation features an all-inclusive variety of foodstuffs, numerous of which are influenced by different states’ customs, for instance, Namkeen and Gathiya and some others are inspired by universal Western tastes, for example, wafers, extruded snacks, and toasted nuggets. They also offer items of the consumer goods movement, such as
papads, spices, gram flour (besan), noodles, rusk, and so on. By the end of November 2023, the firm had already listed 276 SKUs and spread 84 more products worldwide.
Different types, each tailored to specific kindergartens. By September 2023, this company had already tremendously grown its umbrella of distributing sites to a record of 523 companies, operating in 10 states and two union territories. As of the 30 of September 2023, thirty sales and marketing personnel were on the payroll, the number of which sat atop three depots and sixty-one-seven distributors. As of September 2023, the corporation proudly declared an operational fleet of 263 service logistics vans to serve a sizeable nationwide distribution network. The company has six manufacturing units: three central and three accessories units. Nagpur, Maharashtra; Rajkot, Gujarat; and Modasa, Gujarat, become the head manufacturing plants. MGM has two branch units in Rajkot, Gujarat, and one branch was established in Madosa, Gujarat.
As of September 30, 2023, the six facilities had a combined annual installed capacity of 404,728.76 MT. The three core facilities, including the Rajkot papad plant, had a capacity of 303,668.76 MT, while the three peripheral facilities had a capacity of 101,060.00 MT (without papad capacity). As of September 30, 2023, 69 distributors in Gujarat have been with the company for more than ten years, accounting for 24.73% of the total distributors in Gujarat.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | gopalsnacks@linkintime.co.in |
| Website | linkintime.co.in |
Contact Details
| Name | Gopal Snacks Limited |
| Phone number | +91 28 2728 737 |
| Email ID | cs@gopalsnacks.com |
| Website | gopalnamkeen.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Gopal Snacks IPO FAQs
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