What you must know about Gopal Snacks IPO?
by 5paisa Research Team
01 Mar 2024
Listing Details
- Listing Exchange BSE, NSE
- Listing Date 14-Mar-24
- IPO Price Range ₹381
- Listing Price ₹350
- Listing Change -12.7 %
- Last Traded Price ₹343.05
- Current Change -14.5 %
Gopal Snacks IPO Details
- Open Date 06-Mar-24
- Close Date 11-Mar-24
- Lot Size 37
- IPO Size ₹ 650 Cr
- IPO Price Range ₹ 381 to ₹ 401
- Min Investment ₹ 14,097
- Listing Exchange BSE, NSE
- Basis of Allotment 12-Mar-24
- Refunds 13-Mar-24
- Credit to Demat Account 13-Mar-24
- Listing Date 14-Mar-24
Gopal Snacks IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 06-Mar-24 | 0.00 | 0.52 | 0.96 | 0.60 |
| 07-Mar-24 | 0.10 | 1.71 | 2.13 | 1.48 |
| 11-Mar-24 | 18.42 | 10.00 | 4.22 | 9.50 |
Gopal Snacks IPO Synopsis
Gopal Snacks Limited IPO is set to open from 6th March to 11th March 2024. The company operates in the fast moving consumer goods sector. The IPO includes an Offer-for-Sale (OFS) of 16,209,476 worth ₹650 cr. The share allotment date is 12th March 2024, and the IPO will be listed on 14th March 2024 on the stock exchanges. The price band is set at ₹381 to ₹401 and the lot size is 37 shares.
Intensive Fiscal Services Private Limited, Axis Capital Limited and JM Financial Limited are the book-running lead managers for this IPO, while Link Intime India Private Limited is the registrar.
Objectives of Gopal Snacks IPO:
● No proceeds will be received by the company.
Gopal Snacks IPO Video
About Gopal Snacks
Established in 1999, Gopal Snacks Limited operates in the fast moving consumer goods (FMCG) sector. As of September 2023, the company was serving ethnic and Western snacks and other products across 2 Union Territories and 10 Indian States. Here is its product portfolio:
● Ethnic snacks: Namkeen and gathiya
● Western snacks: Wafers, extruded snacks and snack pellets
● Others: Papad, spices, gram flour or besan, noodles, rusk and soan papdi.
Gopal Snacks distribution network includes 617 distributors and 3 depots as of September 2023. The company uses modern trade, e-commerce, and exports to sell its products. The company has a total of six manufacturing facilities.
Peer Comparison
● Bikaji Foods International Limited
● Prataap Snacks Limited
For More Information:
Webstory on Gopal Snacks IPO
Gopal Snacks Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 1394.65 | 1352.16 | 1128.86 |
| EBITDA | 196.22 | 94.79 | 60.35 |
| PAT | 112.36 | 41.53 | 41.53 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 461.28 | 399.72 | 341.89 |
| Share Capital | 12.46 | 1.13 | 1.13 |
| Total Borrowings | 170.40 | 222.06 | 206.15 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | |||
| Net cash from / (used in) investing activities | |||
| Net cash flow from / (used in) financing activities | |||
| Net increase (decrease) in cash and cash equivalents |
Gopal Snacks IPO Key Points
-
Strengths
1. The company has a leading market position in the Indian snacks industry for ethnic savoury products, especially in Gujarat.
2. It focuses on quality and diversified product offerings.
3. Its position as a manufacturer of gathiya in India and its growing popularity will help the company leverage the demand.
4. It has strategically located manufacturing facilities.
5. Vertically integrated advanced business operations.
6. Its distribution network is quite wide.
7. Its track record of profitable financial performance is a big plus.
8. Skilled and experienced management team.
-
Risks
1. A majority of its revenues are derived from namkeen, gathiya and snack pellets.
2. The sale of products is concentrated in Gujarat.
3. The business is subject to various contamination-related risks.
4. The business is subject to seasonality.
5. The company operates in a competitive industry.
6. High working capital requirements.
Gopal Snacks
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Gopal Snacks IPO FAQs
When does the Gopal Snacks IPO opens and closes?
Gopal Snacks IPO opens from 6th March to 11th March 2024.
What is the size of the Gopal Snacks IPO?
The size of Gopal Snacks IPO is ₹650 cr.
How to apply for the Gopal Snacks IPO?
To apply for Gopal Snacks IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Gopal Snacks IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the price band of Gopal Snacks IPO?
The price band of Gopal Snacks IPO is set at ₹381 to ₹401 per share.
What is the minimum lot size and investment required for the Gopal Snacks IPO?
The minimum lot size of Gopal Snacks IPO is 37 shares and the minimum investment required to apply for the IPO is ₹14,097.
What is the allotment date of the Gopal Snacks IPO?
The share allotment date of Gopal Snacks IPO is 12th March 2024.
What is the Gopal Snacks IPO listing date?
The Gopal Snacks IPO will be listed on 14th March 2024.
Who are the book runners for the Gopal Snacks IPO?
Intensive Fiscal Services Private Limited, Axis Capital Limited and JM Financial Limited are the book-running lead managers for Gopal Snacks IPO.
What is the objective of Gopal Snacks IPO?
Gopal Snacks will not get any proceeds from the listing.
Contact Details of Gopal Snacks IPO
Contact Information
Gopal Snacks Limited
Plot Nos. G2322, G2323 and G2324
GIDC Metoda, Taluka
Lodhika, Rajkot -360 021
Phone: +91 28 2728 737
Email: cs@gopalsnacks.com
Website: https://www.gopalnamkeen.com/
Gopal Snacks IPO Register
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: gopalsnacks@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Gopal Snacks IPO Lead Manager
Intensive Fiscal Services Private Limited
Axis Capital Limited
Jm Financial Limited
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