Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
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 ₹401.00 per share . The lot size for an application is 37. The minimum amount of investment required by an retail is ₹14,097 (37 shares). 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 Date | March 6, 2024 to March 11, 2024 |
| Listing Date | March 14, 2024 |
| Face Value | ₹1 per share |
| Issue Price Band | ₹381 to ₹401 per share |
| Issue Price Final | ₹401 per share |
| Lot Size | 37 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 1,62,16,886 shares (aggregating up to ₹650.00 Cr) |
| Employee Discount | ₹38.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 12,46,04,370 shares |
| Share Holding Post Issue | 12,46,04,370 shares |
Gopal Namkeen 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, 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 | Maximum 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%) |
| 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 |
Gopal Snacks IPO raises ₹193.95 crore from anchor investors. Gopal Snacks IPO Anchor bid date is March 5, 2024. Gopal Snacks IPO Anchor Investors list
| Bid Date | March 5, 2024 |
| Shares Offered | 48,36,657 |
| Anchor Portion Size (In Cr.) | 193.95 |
| Anchor lock-in period end date for 50% shares (30 Days) | April 11, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | June 10, 2024 |
Gopal Snacks IPO opens on March 6, 2024, and closes on March 11, 2024.
| IPO Open Date | Wed, Mar 6, 2024 |
| IPO Close Date | Mon, Mar 11, 2024 |
| Tentative Allotment | Tue, Mar 12, 2024 |
| Initiation of Refunds | Wed, Mar 13, 2024 |
| Credit of Shares to Demat | Wed, Mar 13, 2024 |
| Tentative Listing Date | Thu, Mar 14, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Mar 11, 2024 |
Investors can bid for a minimum of 37 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Gopal Snacks Limited's revenue increased by 3.1% and profit after tax (PAT) rose by 170.52% between the financial year ending with March 31, 2023 and March 31, 2022.
| 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 market capitalization of Gopal Snacks IPO is ₹4996.64 Cr.
KPI as of Sat, Sep 30, 2023.
| KPI | Values |
|---|---|
| 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 Rs | 9.02 | 8.92 |
| P/E (x) | 44.47 | 44.96 |
[Dilip Davda] The company is one of the largest and prominent FMCG company mainly in namkeen and other ready to eat packaged foods. It has posted growth in its top and bottom lines despite declining capacity utilization, indicating its scaling margins with economical consumer packs. Based on FY24 annualized earnings, the issue appears full priced. Investors may park funds for the medium to long term rewards. Read detail review...
| Listing Date | March 14, 2024 |
| BSE Script Code | 544140 |
| NSE Symbol | GOPAL |
| ISIN | INE0L9R01028 |
| Final Issue Price | ₹401 per share |
| BSE Listing Group | B |
Gopal Snacks Ltd.
Plot Nos. G2322, G2323 and G2324
GIDC Metoda, Taluka
Lodhika, Rajkot -360 021
Rajkot, Gujarat
Phone: +91 28 2728 737
Email: cs@gopalsnacks.com
Website: https://www.gopalnamkeen.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: gopalsnacks@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Gopal Snacks IPO is a main-board IPO of 1,62,16,886 equity shares of the face value of ₹1 aggregating up to ₹650.00 Crores. The issue is priced at ₹401 per share. The minimum order quantity is 37.
The IPO opens on March 6, 2024, and closes on March 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 March 6, 2024 and closes on March 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 Wednesday, March 13, 2024. Check the Gopal Snacks IPO allotment status.
The Gopal Snacks IPO listing date is on Thursday, March 14, 2024.
Useful Articles
RHP