Gopal Snacks IPO GMP, Price, Date, Allotment

Last updated on March 15, 2024

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

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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

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Gopal Snacks Financial Performance

	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

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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

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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

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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

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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

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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.

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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%)

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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

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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

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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

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Gopal Snacks IPO FAQs