Gopal Snacks Limited

CLOSED

IPO Date: 6 Mar - 11 Mar 2024

Listing Date: 14 Mar 2024

Price Range

₹381 to ₹401 per share

Issue Size

650 Cr

Min Investment

14,097

Lot Size

37 Shares

Schedule of Gopal Snacks Limited

Issue open date

6 Mar 2024

Issue close date

11 Mar 2024

UPI mandate deadline

11 Mar 2024 (5 PM)

Allotment finalization

12 Mar 2024

Share credit

13 Mar 2024

Listing date

14 Mar 2024

Mandate end date

26 Mar 2024

Issue size

Funds Raised in the IPOAmount
Overall650 Cr
Fresh Issue0 Cr
Offer for Sale0 Cr

Allotment DetailsNew

Allotment TimelineDetails
Allotment Date12 Mar 2024
Allotment Link{Link}

Grey Market PremiumNew

Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

DateIpo PriceGMPEstimated Listing Price
14 Mar 20244010401 (0%)
13 Mar 20244010401 (0%)
12 Mar 20244010401 (0%)
11 Mar 20244018409 (2%)
10 Mar 202440124425 (5.99%)
9 Mar 202440124425 (5.99%)
8 Mar 202440122423 (5.49%)
7 Mar 202440121422 (5.24%)
6 Mar 202440145446 (11.22%)
5 Mar 202440165466 (16.21%)
4 Mar 2024401122523 (30.42%)

Performance Gopal Snacks Limited

Issue PriceListing GainCurrent Market PriceP/L
₹381 to ₹401 per share 1853 (-9.55%) 286.7-28.50%

About Gopal Snacks Limited

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 ancillary 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.

Founded in1999
Managing director
Parent organization

Financial Overview

Strengths

    Risks

      Subscription Figures

      CategorySubscription (No. of times)
      Qualified Institutional Buyers (QIBs)18.42
      Non-Institutional Investors (NIIs)10
      Retail Individual Investors (RIIs)4.22
      Employee7.27
      Total9.5