Gopal Snacks IPO GMP, Price, Date, Allotment

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Gopal Snacks IPO

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.

Gopal Namkeen Gathiya Overview

Promoters of Gopal Snacks – Bipinbhai Vithalbhai Hadvani, Dakshaben Bipinbhai Hadvani and Gopal Agriproducts Private Limited


Gopal Snacks IPO Details

Gopal Snacks IPO Dates6 – 11 March 2024
Gopal Snacks Issue PriceINR 380 – 401 per share
Employee Discount – INR 38 per share
Fresh issueNil
Offer For SaleINR 650 crore
Total IPO sizeINR 650 crore
Minimum bid (lot size)37 shares (INR 14,837)
Face Value INR 1 per share
Retail Allocation35%
Listing OnBSE, NSE

Gopal Snacks Financial Performance

 FY 2021FY 2022FY 2023H1 FY 2024
Revenue1,128.861,352.161,394.65676.19
Expenses1,103.341,302.421,246.69602.99
Net income21.1241.54112.3755.56
Margin (%)1.873.078.068.22
Figures in INR Crores unless specified otherwise

Gopal Snacks Offer News


Gopal Snacks Valuations & Margins

FY 2021FY 2022FY 2023
EPS1.703.339.02
PE ratio42.13 – 44.46
RONW (%)15.5623.3838.63
NAV10.8914.2623.34
ROCE (%)13.4818.6943.08
EBITDA (%)5.357.0114.07
Debt/Equity1.020.920.37
*Compiled by IPO Central from Prospectus

Gopal Snacks IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
13 March 2024
12 March 202415500
11 March 202421800
9 March 202423800
8 March 202425900
7 March 2024501,700
6 March 2024802,400
5 March 20241203,500
4 March 20241353,700
2 March 20241504,500

Gopal Snacks – Comparison With Listed Peers

CompanyPE ratioEPSRONW (%)NAVRevenue (Cr.)
Gopal Snacks44.469.0238.6323.341,394.65
Bikaji Foods106.695.1414.1538.221,966.07
Prataap Snacks94.778.513.10288.331,652.93

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 Date6 March 2024
IPO Closing Date11 March 2024
Finalization of Basis of Allotment12 March 2024
Initiation of refunds13 March 2024
Transfer of shares to demat accounts13 March 2024
Gopal Snacks IPO Listing Date14 March 2024
Opening Price on NSEINR 351 per share (down 12.47%)
Closing Price on NSEINR 362.70 per share (down 9.55%)

Gopal Snacks IPO Reviews – Subscribe or Avoid?

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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[email protected]
Website: 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: +91 810 811 4949
Email: [email protected]
Website: 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: +91 28 2728 7370
Email: [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.

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