Gopal Snacks Limited IPO

Mainboard

Packaged Foods

Listed On: Mar 14, 2024 at ₹ 351.0(NSE)

₹ 14837 /37 Shares

Check Allotment

Price Summary

Last Closing

441.00 (9.98%)

52 Week High

520.00

52 Week Low

301.05

Last Update

22-Nov-2024 3:30 PM

Gopal Snacks Limited IPO Details

06 Mar, 2024

Open Date

11 Mar, 2024

Close Date

12 Mar, 2024

Allotment Date

14 Mar, 2024

Listing Date

Issue Price

₹381-401 per equity share

Face Value

₹1 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

List Price

351.0(NSE)

Listing Date

2024-03-14

Market Lot

Retail : 37 Shares (₹14,837/-)
S-HNI : 518 Shares (₹2,07,718/-)
B-HNI : 2,516 Shares (₹10,08,916/-)

Lead Manager

Intensive Fiscal Services Private Limited
Axis Capital Limited
Jm Financial Limited

Issue Size

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

Retail Portion

35% (Number of Retail Applications: 1,52,507 Approx),
(Number of S-HNI Applications : 1,556 Approx),
(Number of B-HNI Applications : 3,112 Approx)

Subscription

9.02 times

IPO Docs

DRHP RHP ANCHOR

Gopal Snacks Limited IPO Subscription Details

As on	QIB	NII bNII sNII	Retail	Total
Shares Offered / Reserved	3,224,439	2,418,329 1,612,220 848,425	5,642,768	11,381,955
Day 1 - 06-03-24 05:00 PM	0.00 x	0.49 0.31 x 0.84 x	0.89 x	0.56 x
Day 2 - 07-03-24 05:00 PM	0.09 x	1.63 1.21 x 2.46 x	2.01 x	1.40 x
Day 3 - 11-03-24 05:00 PM	17.50 x	9.50 10.18 x 8.12 x	4.01 x	9.02 x

Total No. of Applications: 6,20,502 (Approx)

Gopal Snacks Limited Valuations

EPS Pre IPO

₹9.02/-

EPS Post IPO

₹8.92/-

P/E Pre IPO

44.47

P/E Post IPO

44.96

RoNW

16.05%

Gopal Snacks Limited Company Financials All values are in ₹ Cr.

	31-Mar-23	31-Mar-22	31-Mar-21
Assets	461.28	399.72	341.89
Revenue	1,398.54	1,356.48	1,129.84
Profit After Tax	112.37	41.54	21.12
Net Worth	290.88	177.66	135.74
Reserves & Surplus	277.60	176.56	135.03
Total Borrowing	106.37	164.12	138.99

About The 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.

Gopal Snacks Limited - Promoter(s)

Pre Issue Share Holding: 93.50%

Post Issue Share Holding: N/A%

Company Promoter(s)

Bipinbhai Vithalbhai Hadvani
Dakshaben Bipinbhai Hadvani
Gopal Agriproducts

Gopal Snacks Limited IPO - Issue Objectives

The Company will not receive any proceeds from the Offer (the Offer Proceeds) and all the Offer Proceeds will be received by the Selling Shareholders, in proportion to the Offered Shares sold by the respective Selling Shareholders as part of the Offer.

Gopal Snacks Limited IPO - Anchor Investors

Gopal Snacks IPO: Institutional investors pick Rs 194 crore worth shares via anchor book.

Ashoka Whiteoak ICAV, Whiteoak Capital Mutual Fund, DSP Mutual Fund, Quant Mutual Fund, 360 One Special Opportunities Fund, and Natixis International Funds invested in the company through anchor book.

Further, Optimix Wholesale Global Emerging Markets Share Trust, BNP Paribas Funds, HDFC Life Insurance Company, ITI Mutual Fund, Leading Light Fund VCC, Bay Capital, India Fund, BofA Securities Europe SA, and Copthall Mauritius Investment also participated in the anchor book.

Gopal Snacks Limited IPO - FAQs

Ans. Gopal Snacks Limited IPO is a Mainboard IPO. The issue is priced at ₹381-401 per equity share. The minimum order quantity is 37 Shares. The IPO opens on Mar 6, 2024, and closes on Mar 11, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

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

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

Ans. The IPO price band is set between ₹381-401 per equity share.

Ans. To apply for Gopal Snacks Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Gopal Snacks Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Gopal Snacks Limited IPO is Mar 12, 2024.

Ans. The Gopal Snacks Limited IPO will be listed on Mar 14, 2024.

Ans. Follow the steps to check the allotment status for Gopal Snacks Limited IPO here.