Gopal Snacks Ltd. IPO
Gopal Snacks Ltd.
IPO Listing Details
Listed On
BSE & NSE
Listed On
Issue Price
₹401
Issue Price
Listing Price
₹350
Listing Price
Listing Gains
-₹51.00 (-12.72%)
Listing Gains
IPO Details
Bidding Dates
06 Mar - 11 Mar '24
Bidding Dates
Min. Investment
₹14,097
Min. Investment
Lot Size
37.00
Lot Size
Price Range
₹381 - ₹401
Price Range
Issue Size
618 Cr
Issue Size
Subscription Rate
- Retail Individual Investor4.01x
- Non-Institutional Investor9.50x
- Qualified Institutional Buyers17.50x
- Employees6.88x
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
Strengths
- Having a strong brand in Gujarat, it has a positive reputation.
- Robust network of distribution.
- A well-positioned brand image.
- Large market share.
- Gain of the consumer's trust.
- Excellent awareness of the brand.
- Fully automated manufacturing facility.
Weaknesses
- Doesn't use a strong advertising campaign.
- Lack of goodwill among intermediaries.
- Large initial outlay of funds.
- Minimal margin of profit.
Opportunities
- Having a strong brand in Gujarat, it may leverage this to establish itself nationally.
- Export prospects
- By offering a higher profit margin, Gopal is able to expand its inventory.
Threats
- Introduction of new competitors.
- Knowledge or consciousness of health-related problems.
- Accessibility of alternatives.
- 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:
UPI
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.
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