Bookbuilding IPO | ₹650 Cr | Listed at BSE, NSE | Wed, Mar 6, 2024 - Mon, Mar 11, 2024
Gopal Snacks IPO is a book build issue of ₹650.00 crores. The issue is entirely an offer for sale of 1.62 crore shares of ₹650.00 crore.
Gopal Snacks IPO bidding started from Mar 6, 2024 and ended on Mar 11, 2024. The allotment for Gopal Snacks IPO was finalized on Mar 12, 2024. The shares got listed on BSE, NSE on Mar 14, 2024.
Gopal Snacks IPO price band is set at ₹401 per share. The lot size for an application is 37. The minimum amount of investment required by an retail is ₹14,837 (37 shares) (based on upper price). The lot size investment for sNII is 14 lots (518 shares), amounting to ₹2,07,718, and for bNII, it is 68 lots (2,516 shares), amounting to ₹10,08,916.
The issue includes a reservation of up to 96,418 shares for employees offered at a discount of ₹38.00 to the issue price.
Intensive Fiscal Services Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Gopal Snacks IPO RHP for detailed Information.
IPO Open
Wed, Mar 6, 2024
IPO Close
Mon, Mar 11, 2024
Issue Price
₹401 per share
Market Cap (Pre-IPO)
₹4,996.64 Cr
| IPO Date | 6 to 11 Mar, 2024 |
| Listed on | Thu, Mar 14, 2024 |
| Face Value | ₹1 per share |
| Price Band | ₹381 to ₹401 |
| Issue Price | ₹401 per share |
| Lot Size | 37 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹38.00 |
| Total Issue Size | 1,62,16,886 shares (agg. up to ₹650 Cr) |
| Offer for Sale | 1,62,16,886 shares of ₹1 (agg. up to ₹650 Cr) |
| Share Holding Pre Issue | 12,46,04,370 shares |
| Share Holding Post Issue | 12,46,04,370 shares |
| BSE Script Code / NSE Symbol | 544140 / GOPAL |
| ISIN | INE0L9R01028 |
Gopal Snacks IPO offers total 1,62,18,612 shares. Out of which 80,61,096 (49.70%) allocated to QIB, 32,24,439 (19.88%) allocated to QIB (Ex- Anchor), 24,18,330 (14.91%) allocated to NII 56,42,768 (34.79%) allocated to RII and 48,36,657 (29.82%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 80,61,096 (49.70%) | NA |
| − Anchor Investor Shares Offered | 48,36,657 (29.82%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 32,24,439 (19.88%) | NA |
| NII (HNI) Shares Offered | 24,18,330 (14.91%) | NA |
| − bNII > ₹10L | 16,12,220 (9.94%) | 3,112 |
| − sNII < ₹10L | 8,06,110 (4.97%) | 1,556 |
| Retail Shares Offered | 56,42,768 (34.79%) | 1,52,507 |
| Employee Shares Offered | 96,418 (0.59%) | NA |
| Total Shares Offered | 1,62,18,612 (100.00%) |
Investors can bid for a minimum of 37 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 37 | ₹14,837 |
| Retail (Max) | 13 | 481 | ₹1,92,881 |
| S-HNI (Min) | 14 | 518 | ₹2,07,718 |
| S-HNI (Max) | 67 | 2,479 | ₹9,94,079 |
| B-HNI (Min) | 68 | 2,516 | ₹10,08,916 |
Gopal Snacks IPO raises ₹193.95 crore from anchor investors. Gopal Snacks IPO Anchor bid date is March 5, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Mar 5, 2024 |
| Shares Offered | 48,36,657 |
| Anchor Portion (₹ Cr.) | 193.95 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Apr 11, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Jun 10, 2024 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
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.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 434.54 | 461.28 | 399.72 | 341.89 |
| Total Income | 677.97 | 1,398.54 | 1,356.48 | 1,129.84 |
| Profit After Tax | 55.57 | 112.37 | 41.54 | 21.12 |
| NET Worth | 346.10 | 290.88 | 177.66 | 135.74 |
| Reserves and Surplus | 333.17 | 277.60 | 176.56 | 135.03 |
| Total Borrowing | 26.05 | 106.37 | 164.12 | 138.99 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Achieve the benefits of listing the Equity Shares on the Stock Exchanges |
| KPI | Sep 30, 2023 |
|---|---|
| ROE | 16.05% |
| ROCE | 20.83% |
| Debt/Equity | 0.08 |
| RoNW | 16.05% |
| PAT Margin | 8.22% |
| Price to Book Value | 14.43 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 9.02 | 8.92 |
| P/E (x) | 44.47 | 44.96 |
| Promoter Holding | 93.50% | 81.49% |
| Market Cap | ₹4,996.64 Cr. |
The Gopal Namkeen IPO is subscribed 9.5 times on March 11, 2024 6:21:00 PM (Day 3). The public issue subscribed 4.22 times in the retail category, 18.42 times in the QIB category, and 10 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 18.42 | 32,24,439 | 5,93,89,588 |
| NII | 10 | 24,18,329 | 2,41,73,210 |
| bNII (bids above ₹10L) | 10.72 | 16,12,220 | 1,72,82,145 |
| sNII (bids below ₹10L) | 8.12 | 8,48,425 | 68,91,065 |
| Retail | 4.22 | 56,42,768 | 2,38,19,379 |
| Employee | 7.27 | 96,419 | 7,01,261 |
| Total | 9.5 | 1,13,81,955 | 10,80,83,438 |
Total Application : 6,20,502
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs and commissions (including underwriting commission, brokerage and selling commission, as applicable) | 20.71 |
| 2 | Commission/processing fee for SCSBs, Sponsor Banks and fee payable to the Sponsor Bank for Bids made by RIIs. Brokerage, underwriting commission and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 3.63 |
| 3 | Fees payable to Registrar to the Offer | 0.12 |
| 4 | Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | 4.92 |
| 5 | Printing and distribution of stationery | 1.75 |
| 6 | Fees payable to legal counsel | 6.33 |
| 7 | Fees payable to other advisors to the Offer (including statutory auditors , independent chartered engineer# , industry report provider^ and legal and secretarial consultants) | 1.58 |
| 8 | Advertising and marketing expenses | 3.61 |
| 9 | Miscellaneous | 1.36 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹401.00 | ₹401.00 |
| Open | ₹350.00 | ₹351.00 |
| Low | ₹342.00 | ₹341.80 |
| High | ₹384.95 | ₹384.80 |
| Last Trade | ₹360.05 | ₹362.70 |
Lead Manager Reports
Gopal Snacks IPO is a main-board IPO of 1,62,16,886 equity shares of the face value of ₹1 aggregating up to ₹650 Crores. The issue is priced at ₹401 per share. The minimum order quantity is 37.
The IPO opens on Wed, Mar 6, 2024, and closes on Mon, Mar 11, 2024.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Gopal Snacks IPO using UPI as a payment gateway. Zerodha customers can apply in Gopal Snacks IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Gopal Snacks IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Gopal Snacks IPO opens on Wed, Mar 6, 2024 and closes on Mon, Mar 11, 2024.
Gopal Snacks IPO lot size is 37, and the minimum amount required for application is ₹14,837.
You can apply in Gopal Snacks IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Gopal Snacks IPO will be done on Tuesday, March 12, 2024, and the allotted shares will be credited to your demat account by Wed, Mar 13, 2024. Check the Gopal Snacks IPO allotment status.
The Gopal Snacks IPO listing date is on Thu, Mar 14, 2024.
