The initial public offering (IPO) for Gopal Snacks Ltd is set to commence on March 6, 2024 and conclude on March 11, 2024. The allotment for the IPO is expected to be finalized by Tuesday, March 12, 2024. The Gopal Namkeen IPO will be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), with the tentative listing date set for Thursday, March 14, 2024.
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Gopal Snacks Ltd IPO, GMP, Subscription Status, Full Details, Know Everything About Gopal Snacks Ltd IPO.
The price band for Gopal Snacks Ltd IPO has been set at ₹381 to ₹401 per share. A minimum lot size of 37 shares is required to apply for the IPO. Retail investors must invest a minimum amount of ₹14,837. The minimum lot size investment for sNII is 14 lots (518 shares), which amounts to ₹207,718. For bNII, the minimum lot size investment is 68 lots (2,516 shares), which amounts to ₹1,008,916.
Gopal Snacks Ltd IPO Details
| Parameter | Details |
|---|---|
| Open Date | 06 Mar, 2024 |
| Close Date | 11 Mar, 2024 |
| Lot Size | 37 in a lot |
| Minimum Investment | ₹14,837.00 |
| Issue Price Range | ₹381 – ₹401 |
| Listing Date | 13 Mar, 2024 |
| Listing On | BSE, NSE |
| Issue Size | ₹650.00 Cr |
| Face Value | ₹1 |
| Total Shares Offered | 16,209,476 |
| Offered To Public | 5,642,768 |
| Retail Max (Shares/Amount) | 481/₹192,881 |
| Employee Discount | Rs 38 per share |
| Issue Type | Public Issue (Book Building) |
Gopal Snacks Ltd IPO Dates
(Tentative Schedule)
- March 5, 2024: Opening date of the public issue.
- March 11, 2024: Closing date for subscription to the public issue.
- March 12, 2024: Basis of Allotment and Initiation of Refunds.
- March 13, 2024: Credit of Shares and Listing date on BSE and NSE.
Gopal Snacks Ltd IPO Reservation
- Qualified Institutional Buyers (QIBs) are offered up to 50% of the Net Issue.
- Retail investors are offered not less than 35% of the Net Issue.
- Non-Institutional Investors (NIIs), or High Net Worth Individuals (HNIs), are offered at 15% of the Net Issue.
Gopal Snacks Ltd IPO Anchor Investor Details
| Parameter | Details |
|---|---|
| Bid Date | March 5, 2024 |
| Shares Offered | 4,836,657 |
| Anchor Portion Size (In Cr.) | ₹193.95 Cr |
| Anchor lock-in period end date (50% shares) | April 11, 2024 |
| Anchor lock-in period end date (remaining) | June 10, 2024 |
Gopal Snacks Ltd IPO GMP Today
According to investorgain.com, the grey market premium (GMP) for Gopal Snacks Ltd IPO is currently at +65, indicating that the share price is trading at a premium of ₹65 in the grey market. This suggests that the estimated listing price for Gopal Snacks shares could be around ₹466 per share, considering the upper end of the IPO price band. This is approximately 16.21% higher than the IPO price of ₹401.
Analysts at investorgain.com have observed that the GMP for Gopal Snacks IPO has fluctuated between ₹0 and ₹122 over the last 7 sessions. Today’s GMP indicates expectations for a strong listing.
Gopal Snacks Ltd IPO Subscription Status
- Subscription Categories:
- Qualified Institutional Buyers (QIB): 0.08x
- Retail Individual Investors (RII): 1.49x
- Non-Institutional Investors (NII): 0.91x
- Others: 2.62x
- Total Subscription: 0.98x (less than 1x indicates under subscription)
- Day-wise Subscription:
- Day 1 (06-03-2024):
- QIB: 0x
- RII: 0.89x
- NII: 0.49x
- Total: 0.56x
- Day 2 (07-03-2024):
- QIB: 0.08x
- RII: 1.49x
- NII: 0.91x
- Total: 0.98x
- Day 1 (06-03-2024):
About The Gopal Snacks Ltd
Gopal Snacks Limited is an FMCG company, offering traditional Indian snacks, Western-style snacks, and other fast-moving consumer goods. Their product portfolio has 276 SKUs, including 84 distinct items across various categories. They have a distribution network of 523 locations across 10 states and two Union Territories.
Gopal Snacks Ltd Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | ₹434.54 Cr | ₹461.28 Cr | ₹399.72 Cr | ₹341.89 Cr |
| Revenue | ₹677.97 Cr | ₹1,398.54 Cr | ₹1,356.48 Cr | ₹1,129.84 Cr |
| Profit After Tax | ₹55.57 Cr | ₹112.37 Cr | ₹41.54 Cr | ₹21.12 Cr |
| Net Worth | ₹346.10 Cr | ₹290.88 Cr | ₹177.66 Cr | ₹135.74 Cr |
| Reserves and Surplus | ₹333.17 Cr | ₹277.60 Cr | ₹176.56 Cr | ₹135.03 Cr |
| Total Borrowing | ₹26.05 Cr | ₹106.37 Cr | ₹164.12 Cr | ₹138.99 Cr |
- Amounts are in Crore Indian Rupees.
Gopal Snacks Ltd IPO Review
“The company is one of the largest and most prominent FMCG companies mainly in Namkeen and other ready-to-eat packaged foods. It has posted growth in its top and bottom lines despite declining capacity utilization, indicating its scaling margins with economical consumer packs. Based on FY24 annualised earnings, the issue appears fully priced. Investors may park funds for the medium to long-term rewards,” said Dilip Davda, the contributing editor at Chittorgarh.
Gopal Snacks Ltd IPO FAQs
1. What is the price band for Gopal Snacks Ltd IPO?
- The price band for Gopal Snacks Ltd IPO is set at ₹381 to ₹401 per share.
2. What is the lot size for Gopal Snacks Ltd IPO?
- The lot size for Gopal Snacks Ltd IPO is 37 shares.
3. What is the minimum investment required for retail investors in Gopal Snacks Ltd IPO?
- Retail investors must invest a minimum amount of ₹14,837.
4. What is the reservation criteria for different investor categories in Gopal Snacks Ltd IPO?
- Qualified Institutional Buyers (QIBs) are offered up to 50% of the Net Issue, while retail investors are offered not less than 35%. Non-Institutional Investors (NIIs) are offered 15% of the Net Issue.
5. When are the IPO opening and closing dates for Gopal Snacks Ltd?
- The IPO for Gopal Snacks Ltd opens on March 6, 2024, and closes on March 11, 2024.
6. What is the estimated listing date for Gopal Snacks Ltd IPO?
- The estimated listing date for Gopal Snacks Ltd IPO is March 13, 2024, on both the BSE and NSE.
7. What is the grey market premium (GMP) for Gopal Snacks Ltd IPO?
- As per investorgain.com, the current GMP for Gopal Snacks Ltd IPO is +65, indicating a premium of ₹65 in the grey market.
8. What is the financial performance of Gopal Snacks Ltd in recent years?
- For the period ended September 30, 2023, Gopal Snacks Ltd reported total assets of ₹434.54 Cr, revenue of ₹677.97 Cr, and a profit after tax of ₹55.57 Cr.
9. What is the analyst’s view on investing in Gopal Snacks Ltd IPO?
- According to Dilip Davda, the contributing editor at Chittorgarh, Gopal Snacks Ltd shows promising growth potential despite declining capacity utilization. The issue seems fully priced based on FY24 annualized earnings, and investors may consider parking funds for medium to long-term rewards.
10. Where can I find more information about Gopal Snacks Ltd IPO?
- More details about Gopal Snacks Ltd IPO can be found in the RHP (Red Herring Prospectus) and other documents available as of the date of publication. Investors are advised to consult financial experts before making any investment decisions.
Disclaimer: The information provided here is solely for educational and informational purposes and should not be considered as an offer to buy or sell securities, or as investment advice. Readers are advised to consult a qualified financial advisor before making any investment decisions. The author does not cover the Grey Market Premium (GMP) or any operators’ strategies. Investors should be aware of the unpredictable risks associated with stock market investments. The information presented is based on available documents and market perception as of the publication date. The author does not intend to invest in this offering.
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