Gopal Snacks Limited IPO
- IPO Date06 Mar, 2024 to 11 Mar, 2024
- Listing Date14 Mar, 2024
- Face Value₹1 per share
- Issue Price₹381 to ₹401 per share
- Lot Size37 Shares
- Minimum Investment₹14,837
- Listing AtBSE, NSE
- Total Issue Size1,62,09,476 Shares
(aggregating up to ₹650.00 Cr) - Fresh Issue1,62,09,476 Shares
(aggregating up to ₹650.00 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue12,46,04,370
- Shareholding post issue12,46,04,370
IPO Dates
Closing Date
11 Mar, 2024
Initiation of Refunds
13 Mar, 2024
Listing Date
14 Mar, 2024
06 Mar, 2024
Opening Date
12 Mar, 2024
Basis of Allotment
13 Mar, 2024
Credit of Shares
Gopal Snacks Limited Lot Size
Investors can bid for a minimum of 37 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Max) | 13 | 481 | ₹1,92,881 |
| S-HNI (Max) | 67 | 2479 | ₹9,94,079 |
| S-HNI (Min) | 14 | 518 | ₹2,07,718 |
| Retail (Min) | 1 | 37 | ₹14,837 |
| B-HNI (Min) | 68 | 2516 | ₹10,08,916 |
Gopal Snacks Limited Promoter Holding
The promoters of the company are Bipinbhai Vithalbhai Hadvani, Dakshaben Bipinbhai Hadvani and Gopal Agriproducts
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 93.5% | - |
Gopal Snacks Limited COMPANY INFORMATION
Gopal Namkeen IPO is a book built issue of Rs 650.00 crores. The issue is entirely an offer for sale of 1.62 crore shares. Gopal Namkeen IPO bidding opened for subscription on March 6, 2024 and will close on March 11, 2024. The allotment for the Gopal Namkeen IPO is expected to be finalized on Tuesday, March 12, 2024. Gopal Namkeen IPO will list on BSE, NSE with tentative listing date fixed as Thursday, March 14, 2024. Gopal Namkeen IPO price band is set at ₹381 to ₹401 per share. The minimum lot size for an application is 37 Shares. The minimum amount of investment required by retail investors is ₹14,837. The minimum lot size investment for sNII is 14 lots (518 shares), amounting to ₹207,718, and for bNII, it is 68 lots (2,516 shares), amounting to ₹1,008,916. The issue includes a reservation of up to 96,419 shares for employees offered at a discount of Rs 38 to the issue price. Intensive Fiscal Services Private Limited, Axis Capital Limited and Jm Financial Limited are the book running lead managers of the Gopal Namkeen IPO, while Link Intime India Private Ltd is the registrar for the issue. Refer to Gopal Namkeen IPO RHP for detailed information.
Founded in 1999, 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.
FAQs About Gopal Snacks Limited Ipo
Gopal Snacks Limited IPO will open on 06 Mar, 2024 and close on 11 Mar, 2024. Investors must apply within this period to participate.
The Gopal Snacks Limited IPO price band is set between ₹381.00 and ₹401.00 per share. The minimum lot size is 37, requiring an investment of at least ₹14837.00.
The Gopal Snacks Limited IPO shares are expected to be listed on 14 Mar, 2024, subject to regulatory approvals and final allotment.
You can track your Gopal Snacks Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Gopal Snacks Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.