Gopal Snacks Limited IPO is set to launch on 6 March, 2024. The company initiated its business operations in the year 1999. It deals in Western and Ethnic snacks. The company deals in India as well as international markets. There is a depth in product portfolio of the firm as it manufactures and sells snacks like Gathiya, Wafers, Snack pellets, namkeen, extruded snacks, spices, papad, noodles, besan or gram flour, soan papdi and rusk. It has a total of 284 SKUs and 84 products in its catalogue. It sells its goods across 523 locations in 10 states and 2 union territories. It has a team of 741 employees in marketing and sales and has 617 distributors as well. It has 6 manufacturing facilities in Gujarat and Maharashtra. The annualised capacity of production is close to 404728 MT.
Gopal Snacks Limited IPO DETAILS
Gopal Snacks Limited IPO is set to launch on 6 March, 2024. The subscription timeline extends till 11 March, 2024. The size for the IPO is 650 Crore Rs. Shares issued through fresh issue mode are worth Rs 650 Crore. No shares are issued through offer for sale mode. The lot size is 37 shares and the price is 381 Rs to 401 Rs per share. The company is going to get listed at both NSE and BSE. The face value per share is Re. 1 and this is a Book Built issue. The registrar for the company is Link Intime India Private Limited.
Tabular Description of Gopal Snacks Limited IPO
| IPO OPENING DATE | 6 March, 2024 |
| CLOSING DATE FOR IPO | 11 March, 2024 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 1 Re. per share |
| IPO price band | 381 Rs. to 401 Rs. per share |
| LOT SIZE | 37 shares |
| MINIMUM ORDER QUANTITY | 37 shares |
| ISSUE SIZE | 650 Crore Rs. |
| OFFER FOR SALE | No shares are issued through offer for sale mode |
| FRESH ISSUE | 650 Crore Rs. |
| LISTING AT | NSE, BSE |
| LISTING DATE | 14 March, 2024 |
Gopal Snacks Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 6 March, 2024 |
| CLOSING DATE FOR IPO | 11 March, 2024 |
| IPO ALLOTMENT DATE | 12 March, 2024 |
| REFUNDS | 13 March, 2024 |
| DEMAT A/C CREDITED ON | 13 March, 2024 |
| IPO LISTING DATE | 14 March, 2024 |
Gopal Snacks Limited IPO begins for subscription from 6 March, 2024. The IPO subscription would continue till 11 March, 2024. The allotment status for the shareholders who applied would come on 12 March, 2024. The refunds for the ones who did not get allotment would be initiated on 13 March, 2024. The DEMAT accounts of shareholders would be credited on 13 March, 2024. The listing of the company would be completed on 14 March, 2024.
Gopal Snacks Limited IPO : Lead Managers
The lead managers are :
- Intensive Fiscal Services Private Limited
- JM Financial Limited
- Axis Capital Limited
The minimum lot size for the company is decided at 37 shares. This holding accounts to 14837 Rs.. The maximum lot size is decided at 481 shares. This amounts to 192881 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 37 shares | 14837 Rs. |
| Maximum | 481 shares | 192881 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
COMPANY FINANCIALS
| Particularly (in Crore Rs.) | 2020-21 | 2021-22 | 2022-23 |
| ASSETS | 341 | 399 | 461 |
| Revenue | 1129 | 1356 | 1398 |
| PAT | 21 | 41 | 112 |
Gopal Snacks Limited had an asset base of 341 Crore Rs in 2021 which increased to 399 Crore Rs in 2022. The asset base of the company was 461 Crore Rs in 2023. The revenue of the firm was 1129 Crore Rs in 2021 which increased to 1356 Crore Rs in 2022 and 1398 Crore Rs in 2023. The profit of the firm was 21 Crore Rs in 2021, 41 Crore Rs in 2022 and 112 Crore Rs in 2023.
PROS
- The company deals in India as well as international markets.
- There is a depth in product portfolio of the firm as it manufactures and sells snacks like Gathiya, Wafers, Snack pellets, namkeen, extruded snacks, spices, papad, noodles, besan or gram flour, soan papdi and rusk.
- It has a total of 284 SKUs and 84 products in its catalogue. It sells its goods across 523 locations in 10 states and 2 union territories.
- It has a team of 741 employees in marketing and sales and has 617 distributors as well.
- The company has 6 manufacturing facilities in Gujarat and Maharashtra.
- The annualised capacity of production is close to 404728 MT.
Gopal Snacks Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Gopal Snacks Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
