Gopal Snacks Limited IPO: An Overview and Corporate Insight
Gopal Snacks Limited is an FMCG firm that was founded in 1999 and sells a variety of goods both domestically and abroad, including snacks from both Western and ethnic cultures. The company sells a range of snack goods, including western snacks like wafers, extruded snacks, and snack pellets, as well as ethnic snacks like namkeen and gathiya. Fast-moving consumer items such papad, spices, besan (gramme flour), noodles, rusk, and soan papdi are also offered by them.
In order to accommodate a wide range of interests and preferences, the company offered 84 products from various categories and 276 SKUs as of November 2023.
The business has sold its goods to more than 523 sites in ten states and two Union Territories as of September 2023. There are six manufacturing facilities owned by the company, of which three are primary and three are auxiliary. The main production facilities are located in Gujarat’s Rajkot, Maharashtra, and Modasa, Gujarat.
Grey Market Premium Analysis and IPO Timelines – Gopal Snacks Limited IPO
| Date | GMP |
| March 04, 2024 | ₹120 |
| March 03, 2024 | ₹120 |
| March 02, 2024 | ₹120 |
| March 01, 2024 | ₹120 |
The Gopal Snacks IPO’s most recent GMP, as of March 4, 2024, is ₹120. The expected listing price of the Gopal Snacks IPO, with a price band of 401.00, is ₹521 (cap price + today’s GMP).29.93% is the anticipated percentage gain or loss per share.
Pricing Details and Lot Size – Gopal Snacks Limited IPO
The price band for Gopal Snacks Limited IPO is ₹381 to ₹401 per share.
Book-Running Lead Managers and Registrar – Gopal Snacks Limited IPO
The Gopal Namkeen IPO’s book running lead managers are Intensive Fiscal Services Private Limited, Axis Capital Limited, and JM Financial Limited, while the registrar is Link Intime India Private Ltd.
Offer for Sale and IPO Size Breakdown – Gopal Snacks Limited IPO
The Rs 650.00 crore Gopal Namkeen IPO is a book-built offering. The entire purpose of the issuance is to sell 1.62 crore shares.
IPO Timelines at a Glance – Gopal Snacks Limited IPO
| Event | Date |
| IPO Opening Date | March 06, 2024 |
| IPO Closing Date | March 11, 2024 |
| IPO Allotment Date | March 12, 2024 |
| Initiation of Refunds | March 13, 2024 |
| Credit of Shares to Demat | March 13, 2024 |
| IPO Listing Date | March 14, 2024 |
View details of more upcoming IPOs here.
Utilisation of Fresh Issuance and Technological Advancements – Gopal Snacks Limited IPO
The selling shareholders will receive all of the offer proceeds (the “Offer Proceeds”) in proportion to the offered shares that each selling shareholder sold as part of the offer; the company will not receive any of the offer proceeds.
Find our more details of the IPO such as SWOT analysis and financial history here.
Conclusion
Gopal Snacks Ltd. (GSL) is a well-known and rapidly expanding consumer goods firm in India that sells a variety of goods under the “GOPAL” brand, including western and ethnic snacks. Its primary sources of income, which typically account for 85% of total revenue, are the sales of its goods, which include snack pellets, gathiya, and namkeen. These sales have been showing downward trends. Over the last three fiscal years, with scaling up patterns, its revenue from sales in Gujarat has averaged almost 77%. With its aggressive marketing approach and the introduction of new products, the management is sure that it will be able to scale it up in the upcoming years.
Regarding sales income generated by the various segments in the fiscal year 2023, GSL ranked as the second largest organised producer of ethnic namkeen in Gujarat and the fourth largest producer of packaged ethnic namkeen and papad in the country. Moreover, the company is the biggest producer of snack pellets and gathiya in India as of the fiscal year 2023.
The company’s portfolio included 276 SKUs as of September 30, 2023. The company is committed to offering a variety of SKUs at competitive pricing, giving clients unique value. It is the first company to introduce Besan, or gram flour, in a Rs. 10 SKU. One of the fastest-growing snack firms in India, the company has over 617 distributors and sells its goods in 10 Indian states and 2 union territories.
Frequently Asked Questions (FAQ) – Gopal Snacks Limited IPO
Q. What does Gopal Snacks Limited specialise in?
The company sells a variety of goods both domestically and abroad, including snacks from both western and ethnic cultures. The company sells a range of snack goods, including western snacks like wafers, extruded snacks, and snack pellets, as well as ethnic snacks like namkeen and gathiya. Fast-moving consumer items such papad, spices, besan (gramme flour), noodles, rusk, and soan papdi are also offered by them.
Q. What is the primary purpose of Gopal Snacks Limited’s IPO?
The selling shareholders will receive all of the offer proceeds (the “Offer Proceeds”) in proportion to the offered shares that each selling shareholder sold as part of the offer; the company will not receive any of the offer proceeds.
Q. Who are the lead managers for Gopal Snacks Limited’s IPO?
Intensive Fiscal Services Private Limited, Axis Capital Limited, and JM Financial Limited are the Book Running Lead Managers (BRLM) to the issue.
Q. How is the IPO structured in terms of new issuance and offer for sale (OFS)?
The Rs 650.00 crore Gopal Namkeen IPO is a book-built offering. The entire purpose of the issuance is to sell 1.62 crore shares.
Q. What is the lot size and minimum investment for retail investors in the Gopal Snacks Limited IPO?
Gopal Snacks Limited IPO lot size is 37 shares, and the minimum amount required is ₹14,837.
Q. What is the price band for the Gopal Snacks Limited IPO?
The price band for Gopal Snacks Limited IPO is ₹381 to ₹401 per share .
Q. How has the Grey Market Premium (GMP) trend for Gopal Snacks Limited IPO?
The Gopal Snacks IPO’s most recent GMP, as of Mar. 3, 2024, is ₹120. The expected listing price of the Gopal Snacks IPO, with a price band of 401.00, is ₹521 (cap price + today’s GMP).29.93% is the anticipated percentage gain or loss per share.
Q. When does the IPO open and close for subscription?
Gopal Snacks Limited IPO will open for subscription on March 06, 2024 and close on March 11, 2024.
Q. When is the allotment date for the Gopal Snacks Limited IPO?
The allotment date is set for March 12, 2024.
Q. When is Gopal Snacks Limited expected to be listed on the stock exchanges?
The anticipated listing date for Gopal Snacks Limited IPO is March 14, 2024 on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
