Gopal Namkeen IPO bidding started from March 6, 2024 and ended on March 11, 2024. The allotment for Gopal Namkeen IPO was finalized on Tuesday, March 12, 2024. The shares got listed on BSE, NSE on March 14, 2024.
IPO Size: 16,218,612 shares (650.37 Cr) Fresh Issue: 0 shares (0.00 Cr) Offer for Sale (OFS): 16,218,612 shares (650.37 Cr) Subscription Dates: March 6, 2024 to March 11, 2024 Expected Allotment: Tuesday, March 12, 2024 Listing Date (Tentative): May 3, 2024 Price Band: ₹381 to ₹401 per share Retail Investors: ₹.14,837 (37 shares) Small HNI : ₹.207,718(14 lots, 518 shares) Big HNI : ₹.1,008,916(68 lots, 2516 shares)
| IPO Date | March 6, 2024 to March 11, 2024 |
| Listing Date | May 3, 2024 |
| Face Value | ₹1 per share |
| Price Band | ₹381 to ₹401 per share |
| Lot Size | 37 Shares |
| Total Issue Size | 16,218,612 shares (aggregating up to ₹650.37 Cr) |
| Offer for Sale | 16,218,612 shares of ₹1 (aggregating up to ₹650.37 Cr) |
| Employee Discount | ₹38 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 124,604,370 |
| Share holding post issue | 124,604,370 |
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 4,836,390 (29.82%) |
| QIB Shares Offered | 3,224,260 (19.88%) |
| NII (HNI) Shares Offered | 2,418,195 (14.91%) |
| bNII > Rs.10L | 1,612,130 (9.94%) |
| sNII < Rs.10L | 848,233 (5.23%) |
| Retail Shares Offered | 5,642,455 (34.79%) |
| Employees Shares Offered | 9,568,981 (059%) |
| Total Shares Offered | 16,218,612 (100%) |
The Gopal Snacks Limited IPO achieved a subscription rate of times The retail category subscribed times, the QIB category subscribed times, and the NII category subscribed times. Review the subscription details on a day-to-day basis (live status).
| Investor Category | Shares Offered | Shares Bid for | Total Amount (Rs Cr.)* | Subscription (times) |
|---|---|---|---|---|
| Qualified Institutions | 3,224,260 | 59,389,588 | 2,381.52 | 18.42 |
| Non-Institutional Buyers | 2,418,195 | 24,173,210 | 969.35 | 10.00 |
| bNII (bids above ₹10L) | 1,612,130 | 17,282,145 | 693.01 | 10.72 |
| sNII (bids below ₹10L) | 848,233 | 6,891,065 | 276.33 | 8.12 |
| Retail Investors | 5,642,455 | 23,819,379 | 955.16 | 4.22 |
| Employees | 9,568,981 | 701,261 | 28.12 | 0.07 |
| Others | ||||
| Total** | 20,896,060 | 108,083,438 | 4,334.15 | 5.17 |
Gopal Snacks Limited IPO raises ₹ 193.95 crore from anchor investors. Gopal Snacks Limited IPO Anchor bid date is March 5, 2024. Gopal Snacks Limited IPO Anchor Investors list
| Bid Date | March 5, 2024 |
| Shares Offered | 4836657 |
| Anchor Portion Size (In Cr.) | 193.95 |
| Anchor lock-in period end date for remaining shares (90 Days) | June 10, 2024 |
| GMP Date | IPO Price | GMP | Estimated Listing Price | Last Updated |
|---|---|---|---|---|
| 06-05-2024 | ₹401 | ₹70 | ₹471 (17.46%) | 06-05-2024 07:05 |
| 16-05-2024 | ₹401 | ₹22 | ₹423 (5.49%) | 16-05-2024 01:05 |
| 09-05-2024 | ₹401 | ₹33 | ₹434 (8.23%) | 09-05-2024 03:05 |
| 07-05-2024 | ₹401 | ₹22 | ₹423 (5.49%) | 07-05-2024 02:05 |
Gopal Snacks Limited IPO opens on March 6, 2024 and closes on March 11, 2024.
| IPO Open Date | Wednesday, March 6, 2024 |
| IPO Close Date | Monday, March 11, 2024 |
| Basis of Allotment* | Tuesday, March 12, 2024 |
| Initiation of Refunds* | Wednesday, March 13, 2024 |
| Credit of Shares to Demat* | Wednesday, March 13, 2024 |
| Listing Date* | Friday, May 3, 2024 |
| Cut-off time for UPI mandate confirmation | 05:00 pm, March 11, 2024 |
Investors can bid for a minimum of 37 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 37 | ₹ 14,837 |
| Retail (Max) | 13 | 481 | ₹ 192,881 |
| S-HNI (Min) | 14 | 518 | ₹ 207,718 |
| S-HNI (Max) | 67 | 2479 | ₹ 994,079 |
| B-HNI (Min) | 68 | 2516 | ₹ 1,008,916 |
The promoters of the company are Bipinbhai Vithalbhai Hadvani, Dakshaben Bipinbhai Hadvani and Gopal Agriproducts
| Share Holding Pre Issue | 93.50% |
| Share Holding Post Issue | 81.49% |
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.
The Company will not receive any proceeds from the Offer (the "Offer Proceeds") and all the Offer Proceeds will be received by the Selling Shareholders, in proportion to the Offered Shares sold by the respective Selling Shareholders as part of the Offer.
Gopal Snacks Limited
Plot Nos. G2322, G2323 and G2324
GIDC Metoda, Taluka
Lodhika, Rajkot -360 021
Phone: +91 28 2728 737
Email: cs@gopalsnacks.com
Website: https://www.gopalnamkeen.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: gopalsnacks@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
| Listing Date | May 3, 2024 |
| BSE Script Code | 544140 |
| NSE Symbol | GOPAL |
| ISIN | INE0L9R01028 |
| Final Issue Price | ₹ 401 per share |
| Price Details | NSE | BSE |
|---|---|---|
| Final Issue Price | ₹ 401 | ₹ 401 |
| Open | ₹ 351 | ₹ 350 |
| Low | ₹ 341.80 | ₹ 342 |
| High | ₹ 384.80 | ₹ 384.95 |
| Close Price | ₹ 362.70 | ₹ 360.05 |
Gopal Snacks Limited IPO is a main-board IPO of 16,218,612 equity shares of the face value of ₹ 1 aggregating up to ₹ 7 Crores. The issue is priced at ₹381 to ₹401 per share. The minimum order quantity is 37 Shares.
The Gopal Snacks Limited IPO opens on March 6, 2024 and closes on March 11, 2024.
Retail Investors: ₹.14,837 (37 shares) Small HNI : ₹.207,718(14 lots, 518 shares) Big HNI : ₹.1,008,916(68 lots, 2516 shares)
The finalization of Basis of Allotment for Gopal Snacks Limited 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 Limited IPO allotment status.