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Gopal Snacks IPO Details 2024

IPO Status: Listed [6th Mar 2024 to 11th Mar 2024]

Rated 3/5 by Team InvestorGain
Gopal Snacks IPO Detail

Gopal Snacks IPO, a Mainline IPO of ₹650.00 Cr was launced on 06-03-2024 to 11-03-2024 and the shares got listed on BSE, NSE on 14-03-2024.

The public issue of Gopal Snacks IPO (GOPAL,544140) was offered at ₹401.00 per share and the ipo was listed at ₹351.00. It has delivered listing loss of -12.47%.

As the minimum lot size was 37 shares, the IPO has offered Rs -1850 per lot loss on listing.

Gopal Snacks IPO Details

IPO Issue Opening Date: 6th Mar 2024
IPO Issue Closing Date: 11th Mar 2024
IPO Issue Price: ₹381.00-401.00 Per Share
DRHP: Download DRHP
RHP: Download RHP
Anchor List: Download Anchor List
IPO Listing At: BSE, NSE
Retail Quota: Not less than 35% of the Net Issue
IPO Issue Type: Book Build Issue
IPO Issue Size: ₹650.00 Cr
Offer for Sale: ₹650.00 Cr
Face Value: ₹1 Per Equity Share
IPO Discount: Emplopee:38.00
Promoter Holding Pre IPO: 93.50%
Promoter Holding Post IPO:
Allotment Status: Allotment Status
BSE Code: 544140

Gopal Snacks IPO Important Dates

Get important updates regarding Gopal Snacks IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.

Gopal Snacks IPO dates
IPO Activity Date
Basis of Allotment Date* 12th Mar 2024
Refunds Initiation* 13th Mar 2024
Credit of Shares to Demat* 13th Mar 2024
IPO Listing Date* 14th Mar 2024

* - Tentative Dates

Gopal Snacks IPO Lots

IPO Activity Date
Issue Price ₹381.00-401.00
Market Lot: 37 Shares
1 Lot Amount: ₹14837
Min Small HNI Lots(2-10 Lakh): 518 shares (14 lots)
Min Big HNI Lots(10+ Lakh): 2516 shares (68 lots)

Gopal Snacks IPO GMP**

GMP DateIPO PriceGMPSub2 Sauda RateExpected Listing GainLast Updated
14-03-2024401.00-25--₹376 (-6.23%)14-Mar-2024 10:32
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.

About Company - Gopal Snacks

Gopal Snacks Limited was founded in December 2009. The company is a fast moving consumer goods company in India offering ethnic snacks, western snacks and other products in India and internationally. In FY 2023, the company was the fourth largest brand in the organised ethnic snacks sector (including Gathiya) in terms of market share in India and the largest manufacturer of Gathiya (in terms of production volume and revenue) and snack pellets (in terms of production volume) in India. In FY 2023, the company is the second largest organised producer of ethnic namkeen in Gujarat, one of the highest snack consumption states in India, and the fourth largest producer of packaged ethnic namkeen in India, both in terms of revenue.

Under the 'Gopal' brand, the company offers a wide range of savoury products, "including ethnic snacks such as namkeen and gathiya, western snacks such as wafers, extruded snacks and snack pellets, and fast-moving consumer goods such as papad, spices, chickpea flour or besan, noodles, rusks and soan papdi" According to the F&S report, the company had the highest return on sales, return on equity and return on assets among major Indian snack companies in FY2022.

Over the years, the company has leveraged its experience and understanding of the preferences and tastes of its consumers and target markets to develop a wide range of products, which has enabled us to strengthen our position in the Indian snacks industry.

Gopal Snacks IPO Strengths

  • The fourth largest ethnic snacks brand in India and the second largest ethnic namkeen manufacturer in Gujarat.
  • Diversified product portfolio that can capture the growing Indian snack market.
  • Largest manufacturer of gathiya in India.
  • Strategically located production facilities.
Incorporation Sector IPO Issue Size Website
2009 Packaged Foods ₹650.00 Cr

Gopal Snacks IPO Objective

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.
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Gopal Snacks IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 3,224,439 Shares
  • Non-Institutional Investors: 2,418,329 Shares
  • Retail Individual Investor: 5,642,768 Shares
  • Employees Quota: 96,419 Shares
IPO Bidding Live Updates from BSE + NSE
 # of Shares Offered3,224,439 (28.33%)2,418,329 (21.25%)5,642,768 (49.58%)96,41911,381,955
16th Mar 2024 19:040.00x0.52x0.97x1.81x0.61x
27th Mar 2024 19:040.10x1.71x2.13x3.45x1.48x
311th Mar 2024 18:2318.42x10.00x4.22x7.27x9.50x

Gopal Snacks Limited Financial Information (Restated)

Gopal Snacks Limited's revenue increased by 3.1% and profit after tax (PAT) rose by 170.52% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Profit After Tax55.57112.3741.5421.12
Net Worth346.10290.88177.66135.74
Reserves and Surplus333.17277.60176.56135.03
Total Borrowing26.05106.37164.12138.99
Amount in ₹ Crore

Gopal Snacks IPO Peer Comparison

The table below show peer comparison from DRHP/RHP.

CompanyEPS BasicEPS DilutedNAVP/E(x)RoNWFinancial statements
Gopal Snacks Limited9.029.0223.3438.63
Bikaji Foods International Limited5.155.1438.22104.6714.15Consolidated
Prataap Snacks Ltd8.518.51288.33137.873.1Consolidated

Company Address

Gopal Snacks Limited
Plot Nos. G2322, G2323 and G2324, GIDC Metoda, Taluka Lodhika
Phone: +91 28 2728 737
Email: [email protected]

Gopal Snacks IPO Registrar

Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Email: [email protected]
Gopal Snacks IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Gopal Snacks? Should I apply in Gopal Snacks IPO?

Last Updated on 18-Mar-2024 07:02:43


Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Gopal Snacks IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Gopal Snacks IPO with Zerodha.

Alternate approch to apply in Gopal Snacks IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

Gopal Snacks IPO Review and Important Updates

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Apply in Gopal Snacks IPO online

To subscribe or apply in Gopal Snacks IPO, you can use the following methods:

Gopal Snacks IPO Applying Mode
Online Application3-in-1 Trading Account

If your broker is 3-in-1 service provider, you can apply in Gopal Snacks IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

Online Application2-in-1 Trading Account

Brokers like Zerodha, TradeSmart Online provides access to applying in Gopal Snacks IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

Online ApplicationASBA

This is one of the most popular mode of applying in Gopal Snacks IPO. Most of the Syndicate Banks provide access to apply in Gopal Snacks IPO via ASBA process. You must have your net banking access, DP ID information to apply in Gopal Snacks IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

Offline ApplicationPhysical Form

You can apply in Gopal Snacks IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

Gopal Snacks IPO Review and Important Updates

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Applying in Gopal Snacks IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Gopal Snacks IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.

For more details on how to use UPI payment method to apply Gopal Snacks IPO, please refer article >> Link

Gopal Snacks IPO Review and Important Updates

Steps to download the online application form for Gopal Snacks IPO

  • Step1:Click here.
  • Step2: Click on “Bid-cum Application Form Download
  • Step3: Above Step will open an online form.
  • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
  • Step5: Fill bid details - min 37 and max 481 shares (13 lots).
  • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
  • Step7: This will fill your application online and give you a pdf file.
  • Step8: Take a print of this document and go to your bank for UPI transactions.
  • Or

  • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

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Gopal Snacks IPO is going to be list on 14-03-2024. NSE Code for Gopal Snacks is GOPAL. BSE Code for Gopal Snacks is 544140.

Other relevant questions:

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Gopal Snacks IPO Allotment Date is 12-03-2024.

Other relevant questions:

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User Reviews

4. Kassiopia Chaudhuri Feb 28 2024 04:03:11 AM Reply
Gopal Snacks IPO expected listing gain.
3. Rohitkumar  Feb 28 2024 04:03:11 AM Reply
Please confirm Gopal Snacks IPO GMP (grey market premium) and kostak.
2. abhigyan chand Feb 28 2024 04:03:11 AM Reply
Gopal Snacks IPO good or bad.
1. MOHAMMED ABDUL GAFFAR Feb 28 2024 04:03:11 AM Reply
Gopal Snacks IPO whether to invest or not.