Gopal Snacks IPO Description – Gopal Snacks is a major player in India’s snacks industry with a leadership position in gathiya segment. In Fiscal 2023, it ranked fourth in market share among organized sector brands for ethnic savories in India. It holds the top position in gathiya production volume and sales revenue, as well as snack pellets production volume nationally. The company is the second-largest ethnic namkeen manufacturer in Gujarat and the fourth-largest packaged ethnic namkeen manufacturer in India based on sales revenue.
Additionally, Gopal Snacks is the fourth largest papad manufacturer in India by sales revenue. Their product range includes 84 items with 276 SKUs, catering to diverse tastes. The company operates in ten states and two union territories, selling through 523 locations, supported by 617 distributors and a sales team of 741 employees as of September 30, 2023. It utilizes various sales channels including e-commerce, modern trade, and exports.
The company owns six manufacturing facilities, with three primary ones in Nagpur, Maharashtra; Rajkot, Gujarat; and Modasa, Gujarat. These facilities primarily focus on finished product manufacturing. They also have three ancillary facilities producing raw materials for captive consumption. As of September 30, 2023, their total annual installed capacity across all facilities was 404,728.76 MT. Gopal Snacks also collaborates with third-party manufacturers for certain products when necessary.
Promoters of Gopal Snacks – Bipinbhai Vithalbhai Hadvani, Dakshaben Bipinbhai Hadvani and Gopal Agriproducts Private Limited
Table of Contents
Gopal Snacks IPO Details
| Gopal Snacks IPO Dates | 6 – 11 March 2024 |
| Gopal Snacks Issue Price | INR 380 – 401 per share Employee Discount – INR 38 per share |
| Fresh issue | Nil |
| Offer For Sale | INR 650 crore |
| Total IPO size | INR 650 crore |
| Minimum bid (lot size) | 37 shares (INR 14,837) |
| Face Value | INR 1 per share |
| Retail Allocation | 35% |
| Listing On | BSE, NSE |
Gopal Snacks Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 |
| Revenue | 1,128.86 | 1,352.16 | 1,394.65 | 676.19 |
| Expenses | 1,103.34 | 1,302.42 | 1,246.69 | 602.99 |
| Net income | 21.12 | 41.54 | 112.37 | 55.56 |
| Margin (%) | 1.87 | 3.07 | 8.06 | 8.22 |
Gopal Snacks Offer News
- Gopal Snacks IPO Subscription Status
- Gopal Snacks IPO Review: A Savory Investment Opportunity
- Gopal Snacks RHP
- Gopal Snacks DRHP
- Gopal Snacks IPO: All You Need to Know
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Gopal Snacks Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 1.70 | 3.33 | 9.02 |
| PE ratio | – | – | 42.13 – 44.46 |
| RONW (%) | 15.56 | 23.38 | 38.63 |
| NAV | 10.89 | 14.26 | 23.34 |
| ROCE (%) | 13.48 | 18.69 | 43.08 |
| EBITDA (%) | 5.35 | 7.01 | 14.07 |
| Debt/Equity | 1.02 | 0.92 | 0.37 |
Gopal Snacks IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 13 March 2024 | – | – | – |
| 12 March 2024 | 15 | – | 500 |
| 11 March 2024 | 21 | – | 800 |
| 9 March 2024 | 23 | – | 800 |
| 8 March 2024 | 25 | – | 900 |
| 7 March 2024 | 50 | – | 1,700 |
| 6 March 2024 | 80 | – | 2,400 |
| 5 March 2024 | 120 | – | 3,500 |
| 4 March 2024 | 135 | – | 3,700 |
| 2 March 2024 | 150 | – | 4,500 |
Gopal Snacks – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Gopal Snacks | 44.46 | 9.02 | 38.63 | 23.34 | 1,394.65 |
| Bikaji Foods | 106.69 | 5.14 | 14.15 | 38.22 | 1,966.07 |
| Prataap Snacks | 94.77 | 8.51 | 3.10 | 288.33 | 1,652.93 |
Gopal Snacks IPO Allotment Status
Gopal Snacks IPO allotment status is now available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Gopal Snacks IPO Dates & Listing Performance
| IPO Opening Date | 6 March 2024 |
| IPO Closing Date | 11 March 2024 |
| Finalization of Basis of Allotment | 12 March 2024 |
| Initiation of refunds | 13 March 2024 |
| Transfer of shares to demat accounts | 13 March 2024 |
| Gopal Snacks IPO Listing Date | 14 March 2024 |
| Opening Price on NSE | INR 351 per share (down 12.47%) |
| Closing Price on NSE | INR 362.70 per share (down 9.55%) |
Gopal Snacks IPO Reviews – Subscribe or Avoid?
Ashika Research – Not rated
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Elite Wealth – Apply for listing gains
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Gopal Snacks Offer Lead Manager
INTENSIVE FISCAL SERVICES PRIVATE LIMITED
914, 9th Floor, Raheja Chambers Free Press Journal Marg
Nariman Point, Mumbai – 400 021
Maharashtra, India
Phone: +91 22 2287 0443
Email:Â [email protected]
Website:Â www.intensivefiscal.com
Gopal Snacks Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone:Â +91 810 811 4949
Email:Â [email protected]
Website:Â www.linkintime.co.in
Gopal Snacks Contact Details
GOPAL SNACKS LIMITED
Plot Nos. G2322, G2323 and G2324,
GIDC Metoda, Taluka Lodhika,
Rajkot – 360 021, Gujarat
Phone:Â +91 28 2728 7370
Email:Â [email protected]
Website: www.gopalnamkeen.com
Gopal Snacks IPO FAQs
How many shares in Gopal Snacks IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply for Gopal Snacks Public Offer?
The best way to apply for Gopal Snacks’ public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Gopal Snacks IPO GMP today?
Gopal Snacks IPO GMP today is INR NA per share.
What is Gopal Snacks’ kostak rate today?
Gopal Snacks kostak rate today is INR NA per application.
What is Gopal Snacks Subject to Sauda rate today?
Gopal Snacks Subject to Sauda rate today is INR NA per application.
