Gopal Snacks Ltd
Price Range
₹381 - ₹401
Min. Quantity
37
Closes on
11 March 2024
Min. investment
₹14,837/481 Shares
Gopal Snacks Ltd IPO Timeline
Gopal Snacks Limited initially formed as a Partnership Firm as 'Gopal Gruh Udhyog' at Rajkot, India effective from April 1, 1999, was registered under the Partnership Act, 1932 with the Registrar of Firms, Rajkot on October 19, 2006. The name of the Partnership Firm changed to 'Gopal Snacks' with effect from November 23, 2009. Further, the Partnership Firm subsequently converted into a Joint Stock Company and got registered as a Private Limited Company under the name 'Gopal Snacks Private Limited' dated December 7, 2009, issued by the Registrar of Companies, Gujarat. Subsequently, the Company converted into a Public Limited Company through which the name of Company got changed to 'Gopal Snacks Limited', and the RoC issued a fresh Certificate of Incorporation on March 31, 2023.
| Event | Date |
|---|---|
| Gopal Snacks Ltd IPO Opening Date | 6 March 2024 |
| Gopal Snacks Ltd IPO Closing Date | 11 March 2024 |
| Basis of Allotment | 12 March 2024 |
| Initiation of Refunds | 13 March 2024 |
| Credit of Shares to Demat | 13 March 2024 |
| Gopal Snacks Ltd IPO Listing Date | 14 March 2024 |
Gopal Snacks Ltd IPO Details
| Gopal Snacks Ltd IPO Date | 6 March 2024 to 11 March 2024 |
| Gopal Snacks Ltd IPO Face Value | ₹1 per share |
| Gopal Snacks Ltd IPO Price | ₹381 to ₹401 per share |
| Gopal Snacks Ltd IPO Lot Size | 37 |
| Issue Size | Shares of ₹1 (aggregating up to ₹650 Cr) |
| Fresh Issue | Shares of ₹1 (aggregating up to ₹0 Cr) |
| Offer for Sale | Shares of ₹1 (aggregating up to ₹650 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 33,93,700 of the Net Offer |
| Retail Shares Offered | Not less than 59,38,977 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 25,45,276 of the Net Offer |
| Company Promoters | Bipinbhai Vithalbhai Hadvani, Dakshaben Bipinbhai Hadvani, Gopal Agriproducts Pvt Ltd |
Gopal Snacks Ltd IPO Lot Size
The Gopal Snacks Ltd IPO lot size is 37 shares. A retail-individual investor can apply for up to 13 lots (481 shares or ₹1,92,881).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 37 | ₹14,837 |
| Maximum | 13 | 481 | ₹1,92,881 |
- Strengths
- Risks
- Opportunities
- Its position in the Indian snack food market as an ethnic savouries brand with a significant presence in Gujarat coupled with our focus on quality and various offerings have helped us create a brand recognition.
- Diversified product portfolio capable of capturing growing Indian snacks market.
- Its position as a manufacturer of gathiya in India coupled with the growing popularity of gathiya as a snack, present opportunities for the company to expand in the gathiya segment.
- Strategically located manufacturing facilities.
- Vertically integrated advanced business operations resulting in quality products and cost and operational efficiencies.
- Distribution network.
- Experienced Promoter and management team.
- Track record of profitable financial performance.
Company Financials
Gopal Snacks Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 538.54 | 1,406.91 | 99.57 |
| 03-2023 | 461.28 | 1,398.54 | 112.37 |
| 03-2022 | 399.72 | 1,356.47 | 41.54 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Listing of the Equity Shares on the Stock Exchanges
Gopal Snacks Ltd IPO Promoter Holding
| Pre Issue Share Holding | 56.62% |
| Post Issue Share Holding | 55.02% |
Gopal Snacks Ltd IPO Subscription Status (Bidding Detail)
The Gopal Snacks Ltd IPO is subscribed 9.02 times on 11 March 2024 05:00:00 PM. The public issue subscribed 4.01 times in the retail category, 17.5 times in the QIB category, and 9.5 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 17.5 | 9.5 | 4.01 | 6.88 | 9.02 |
Gopal Snacks Ltd IPO Prospectus
Gopal Snacks Ltd IPO Listing Date
| Listing Date | 14 March 2024 |
| BSE Script | 544140 |
| NSE Symbol | GOPAL |
| Listing In | BSE, NSE |
| ISIN | INE0L9R01028 |
| IPO Price | ₹401 |
| Face Value | ₹1 |
Company Contact Information
Plot No G2322,G2323,G2324GIDC Metoda Taluka Lodhika,Rajkot-360021
Phone: +91 28 2728 7370
Email: cs@gopalsnacks.com
Website: www.gopalnamkeen.com
Gopal Snacks Ltd IPO Registrar
Gopal Snacks Ltd IPO Lead Manager(s)
- Intensive Fiscal Services Pvt Ltd
- Axis Capital Ltd
- JM Financial Ltd
FAQ
What is the issue size of Gopal Snacks Ltd IPO?
I have pre-applied for Gopal Snacks Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.