Gopal Snacks Ltd IPO Dates, Price, GMP, Details, Profitable ??

Gopal snacks ltd

Gopal snacks ltd Overview

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 (gram flour), noodles, rusk, and soan papdi are also offered by them.

The company offered 84 goods from various categories and 276 SKUs as of November 2023, to accommodate a wide range of tastes and preferences.

By September 2023, the business had supplied more than 523 places in ten states and two union territories with its goods.

In addition to the large distribution network consisting of three depots and 617 distributors, the sales and marketing team employed 741 people as of September 30, 2023. The corporation will have 263 logistics cars in its fleet as of September 2023 to help with its vast distribution network.

Six manufacturing facilities make up the company: three are major facilities and three are ancillary facilities. The main production facilities are located in Modasa, Gujarat; Rajkot, Gujarat; and Nagpur, Maharashtra. One ancillary unit is located in Madosa, Gujarat, and the other two are in Rajkot, Gujarat.

The combined installed capacity of the six facilities as of September 30, 2023, was 404,728.76 MT annually. With the exception of the Rajkot site that manufactures papad, the three main facilities had a combined capacity of 303,668.76 MT, while the three peripheral facilities combined had a capacity of 101,060.00 MT.

IPO Overview

This story may interest you if you were considering investing in an initial public offering (IPO). Today marks the IPO launch of Gopal Snacks Ltd., another company. The IPO subscription period is scheduled to expire on March 11, 2024, having commenced on March 6, 2024. Gopal Snacks Ltd. is valuing its IPO at ₹650 crores, and all 16,209,476 shares are being issued in a fresh manner.

IPO Details

The face value of shares of Gopal Snacks Ltd is ₹1 per share. The price band for the IPO has been set at ₹381 to ₹401 per share. The lot size for the IPO is 37 shares, and investors can bid in multiples of this lot size. Retail investors are required to invest a minimum of ₹14,837 for application. Employees may reserve up to 96,419 shares under the terms of the offering, with a discount of Rs 38 from the issue price.

[wptb id=354]

Allotment & Listing date

The allotment date for the Gopal Snacks Ltd IPO is scheduled for Tuesday, March 12, 2024 and The listing of the IPO is scheduled for Thursday, March 14, 2024.

[wptb id=355]

Ipo lot size

[wptb id=356]

GMP

According to the Investor Gen report, the company’s IPO is currently trading at a premium of ₹21 in the grey market, which is lower than the issue price. As per the grey market premium report, the company’s listing could be at ₹456, meaning investors could potentially earn a profit of 5% on the first day.

Promoters

  1. Bipinbhai vithalbhai Hasvani
  2. Dakshaben Bipinbhai Hadvani
  3. Gopal Agriproducts.

IPO Reservation

  1. Institutional share Portion -50 %
  2. Non-institutional share Portion-15%
  3. Retail share Portion-35%

Dividend Policy

The company has not declared any dividends as of now. Future dividend payments will depend on the growth and future performance and financial condition of the company.

Disclaimer

The information provided on Live4Daily is not investment advice. Before investing in the stock market, it is important to seek advice from a financial advisor.

Conclusion

Gopal Snacks Limited, a well-known FMCG brand, has a robust distribution network and offers a wide range of products, catering to a significant consumer base. The company has shown satisfactory financial performance. Despite these favorable aspects, prospective investors are advised to thoroughly consider all pertinent factors, including the issue price. It is advisable to conduct a comprehensive evaluation before deciding to participate in the IPO for the best possible outcomes.

read also

Tata Chemicals Share Price : Review & performance

Open now Your First Trading Account

Scroll to Top
History! Paralympics 2024 India Medals Oneplus Nord 4 – Metal Pixel 9 Pro XL Must Watch On Netflix Tragic Train Collision in West Bengal Health Benefits of Drinking “CHAAS” in Summer (Buttermilk) 10 Foods That Naturally Cool Your Body In Summer Top Losers Stocks Loksabha Exit Polls 2024 Updates