Gopal Snacks Limited

Gopal Snacks Limited

Mainboard

₹14,837 / 37 Shares

Offer Date:Mar 6, 2024 - Mar 11, 2024
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Gopal Snacks Limited IPO Details

The Gopal Snacks Limited IPO price band is set between ₹381-401 per equity share, with a face value of ₹1 per share. The issue is managed by Link Intime India Private Ltd, and the equity shares are proposed to be listed on the Mainboard.

The IPO date for subscription opens on 6 Mar, 2024 and closes on 11 Mar, 2024. Investors can check the allotment status on 12 Mar, 2024, while the listing date is tentatively scheduled for 14 Mar, 2024.

The total issue size is OFS : 16,209,476 shares, aggregating up to ₹650.00 Cr. Stay tuned for the latest Gopal Snacks Limited IPO review and GMP updates.

Gopal Snacks Limited IPO Review, Rating & Analysis

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Gopal Snacks Limited IPO Rating

Gopal Snacks Limited IPO Highlights

IPO Date

Mar 6, 2024 - Mar 11, 2024

Listing Date

14 Mar, 2024

Face Value

₹1 Per Equity Share

Price Band

₹381-401 per equity share

Lot Size

37 Shares

Fresh Issue

Shares

Offer for Sale

16,209,476 shares

Listing At

BSE, NSE

Gopal Snacks Limited IPO Lot Size

The minimum market lot for Gopal Snacks Limited IPO is 37 shares with an application amount of ₹14,837. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.

ApplicationLotsSharesAmount
Retail (Min)137₹14,837
Retail (Max)13481₹1,92,881
S-HNI (Min)14518₹2,07,718
S-HNI (Max)672479₹9,94,079
B-HNI (Min)682516₹10,08,916

Gopal Snacks Limited IPO Timeline

IPO Open Date
6 Mar, 2024
IPO Close Date
11 Mar, 2024
Basis of Allotment
12 Mar, 2024
Listing Date
14 Mar, 2024

Issue Price

₹381-401 per equity share

Face Value

₹1 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

Lead Manager

Intensive Fiscal Services Private LimitedAxis Capital LimitedJm Financial Limited

Issue Size

OFS : 16,209,476 shares(aggregating up to ₹650.00 Cr)

Gopal Snacks Limited IPO Financial Information

Period EndedAssetsRevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31 Mar 23461.281398.54112.37290.88277.60106.37
31 Mar 22399.721356.4841.54177.66176.56164.12
31 Mar 21341.891129.8421.12135.74135.03138.99

All values are in ₹ Cr.

Gopal Snacks Limited IPO Valuations

EPS Pre IPO

₹9.02/-

EPS Post IPO

₹8.92/-

PE Pre IPO

44.47

PE Post IPO

44.96

ROE

16.05%

ROCE

20.83%

Debt Equity

0.08

RoNW

16.05%

PAT Margin

8.22

Price to Book Value

14.43

Promoters & Share Holding

Promoter(s) Name

  • Bipinbhai Vithalbhai Hadvani
  • Dakshaben Bipinbhai Hadvani
  • Gopal Agriproducts
Share Holding Pre IssueShare Holding Post Issue
93.50%81.49%

About Company

Gopal Snacks Limited is an FMCG company that deals in ethnic and Western snacks, and other products in India and internationally.

The company offers a variety of snack products including ethnic snacks like namkeen and gathiya, as well as western snacks such as wafers, extruded snacks, and snack pellets. They also provide fast-moving consumer goods such as papad, spices, gram flour or besan, noodles, rusk, and soan papdi.

As of November 2023, the company had 276 SKUs along with 84 products from different categories, catering to various tastes and preferences.

As of September 2023, the company has sold its products to over 523 locations across 10 states and two Union Territories.

As of September 30, 2023, the sales and marketing team comprised 741 employees, complemented the extensive distribution network of three depots and 617 distributors. As of September 2023, the company has a fleet of 263 logistics vehicles to support its extensive distribution network.

The company has six manufacturing units out of which three are primary manufacturing units and three are ancilliary manufacturing units. The primary manufacturing units are in Nagpur, Maharashtra; Rajkot, Gujarat; and Modasa, Gujarat. The two ancillary units are situated in Rajkot, Gujrat and one unit is located in Madosa, Gujrat.

As of September 30, 2023, the six facilities had a total annual installed capacity of 404,728.76 MT. The three primary facilities, including the Rajkot facility that produces papad, had a capacity of 303,668.76 MT, while the three ancillary facilities had a capacity of 101,060.00 MT (excluding papad capacity).

As of September 30, 2023, 69 distributors in Gujarat have been associated with the company for more than ten years, representing 24.73% of the total distributors in Gujarat.

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Gopal Snacks Limited IPO Subscription Details

As onQIBNII
bNII  sNII
RetailTotal
Shares Offered / Reserved3,224,439
2,418,329

1,612,220    848,425
5,642,76811,381,955
Day 1 -06-03-24 05:00 PM
0.00 x
0.49

0.31 x   0.84 x
0.89 x0.56 x
Day 2 -07-03-24 05:00 PM
0.09 x
1.63

1.21 x   2.46 x
2.01 x1.40 x
Day 3 -11-03-24 05:00 PM
17.50 x
9.50

10.18 x   8.12 x
4.01 x9.02 x
Total No. of Applications:6,20,502 (Approx)

Company Contact Details

Gopal Snacks Limited

Phone: -

Email: -

Website: -

Registrar Contact Details

-

Phone: -

Email: -

Website: -

Frequently Asked Questions about Gopal Snacks Limited IPO

When will Gopal Snacks Limited IPO open for subscription?

The Gopal Snacks Limited IPO opens on 6 Mar, 2024 and closes on 11 Mar, 2024.

What is the investors portion for Gopal Snacks Limited IPO?

The investors' portion for QIB is 17.50 x, NII is 10.18 x, and Retail is 4.01 x.

How to apply for Gopal Snacks Limited IPO?

You can apply for Gopal Snacks Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.

What is the issue size of Gopal Snacks Limited IPO?

The issue size of Gopal Snacks Limited IPO is approx ₹OFS : 16,209,476 shares(aggregating up to ₹650.00 Cr) crores.

What is the price band of Gopal Snacks Limited IPO?

The price band for Gopal Snacks Limited IPO is ₹381 to ₹401 per equity share.

What is the lot size of Gopal Snacks Limited IPO?

The minimum bid (lot size) for Gopal Snacks Limited IPO is N/A shares with an investment of approx ₹14,837 .

What is the allotment date of Gopal Snacks Limited IPO?

The allotment date for Gopal Snacks Limited IPO is 12 Mar, 2024.

What is the listing date of Gopal Snacks Limited IPO?

The listing date for Gopal Snacks Limited IPO is expected to be 14 Mar, 2024.

What is the GMP of Gopal Snacks Limited IPO?

The latest Grey Market Premium (GMP) for Gopal Snacks Limited IPO is being updated regularly on IPOROCK.

PD

Parth D.

Founder & Lead Analyst

Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.

Gopal Snacks Limited IPO Date, Review, Price, Allotment Details, GMP | IPOROCK