Gopal Snacks Ltd. IPO

Gopal Snacks Ltd.

IPO Listing Details

Listed On


Listed On

Issue Price


Issue Price

Listing Price


Listing Price

Listing Gains

-₹51.00 (-12.72%)

Listing Gains

IPO Details

Bidding Dates

06 Mar - 11 Mar '24

Bidding Dates

Min. Investment


Min. Investment

Lot Size


Lot Size

Price Range

₹381 - ₹401

Price Range

Issue Size

618 Cr

Issue Size

Subscription Rate

  • Retail Individual Investor
  • Non-Institutional Investor
  • Qualified Institutional Buyers
  • Employees

About Company

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.

Important Dates - Gopal Snacks IPO

Application opens on 06th March 2024
Last date of application 11th March 2024
Date of Allotment 12th March 2024
Refund begins from 13th March 2024
Credit of shares to Demat 13th March 2024
Listing date 14th March 2024

Why should you invest in Gopal Snacks Ltd. IPO?

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.


Gopal Snacks IPO Grey Market Premium

Date GMP
4th March Rs.120
03rd March Rs.120
02nd March Rs.120


Financial Snapshot - Gopal Snacks IPO

Check out the financial performance of Gopal Snacks for recent years:

Financial Year Total Assets Total Revenues Net Profit
March 2021 Rs 341.89 crore Rs 1,129.84 crore Rs 21.12 crore
March 2022 Rs 399.72 crore Rs 1,356.48 crore Rs 41.54 crore
March 2023 Rs 461.28 crore Rs 1,398.54 crore Rs 112.37 crore

Gopal Snacks Ltd. IPO - SWOT Analysis


  1. Having a strong brand in Gujarat, it has a positive reputation.
  2. Robust network of distribution.
  3. A well-positioned brand image.
  4. Large market share.
  5. Gain of the consumer's trust.
  6. Excellent awareness of the brand.
  7. Fully automated manufacturing facility.


  1. Doesn't use a strong advertising campaign.
  2. Lack of goodwill among intermediaries.
  3. Large initial outlay of funds.
  4. Minimal margin of profit.


  1. Having a strong brand in Gujarat, it may leverage this to establish itself nationally. 
  2. Export prospects
  3. By offering a higher profit margin, Gopal is able to expand its inventory.


  1. Introduction of new competitors.
  2. Knowledge or consciousness of health-related problems.
  3. Accessibility of alternatives.
  4. Push marketing approach.


Gopal Snacks IPO Noteworthy Highlights

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.

How to apply for Gopal Snacks Ltd. IPO?

You can apply for the Gopal Snacks Ltd. IPO in these ways:

Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.

Demat Account

1. If you are an Existing TradeSmart demat account holder and wish to apply for an Gopal Snacks Ltd. click here.
2. If you don't have a TradeSmart Account? Sign up.

Looking to invest in an IPO?

Open Demat Account at lowest Brokerage

Gopal Snacks Ltd. IPO FAQs

What are the opening and closing dates for Gopal Snacks Limited?

Gopal Snacks Limited IPO will open for subscription on March 06, 2024 and close on March 11, 2024.

What is the price per share for Gopal Snacks Limited?

The price band for Gopal Snacks Limited is ₹381 to ₹401 per share.

What is the minimum and maximum lot size for the Gopal Snacks Limited?

The minimum lot size is 37 shares. 

Who are Gopal Snacks Limited Lead Managers?

Intensive Fiscal Services Private Limited, Axis Capital Limited, and JM Financial Limited are the Book Running Lead Managers (BRLM) to the issue.

Who is the registrar of the issue?

Link Intime India Private Limited is the registrar for Gopal Snacks Limited.

When will the Gopal Snacks Limited  allotment take place?

The finalisation of the basis of allotment for Gopal Snacks Limited will be done on March 12, 2024, and the allotted shares will be credited to investors’ demat accounts by March 13, 2024.

When and where will the Gopal Snacks Limited  shares be listed?

The equity shares of Gopal Snacks Limited are proposed to be listed on March 14, 2024, on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).


Open Demat Account With TradeSmart

Lowest Brokerage Ever Trade @15 Per Order
Download TradeSmart App Now

Scan below QR Code
to download App

Open Demat Account