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IPO Status: Listed [6th Mar 2024 to 11th Mar 2024]
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.
| 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 |
| NSE Code: | GOPAL |
Get important updates regarding Gopal Snacks IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| 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
| 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) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 14-03-2024 | 401.00 | -25 | -- | ₹376 (-6.23%) | 14-Mar-2024 10:32 |
Zerodha Trade@20
**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.
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.
| Incorporation | Sector | IPO Issue Size | Website |
| 2009 | Packaged Foods | ₹650.00 Cr | https://www.gopalnamkeen.com/ |
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | EMP | Total | |
|---|---|---|---|---|---|---|
| # of Shares Offered | 3,224,439 (28.33%) | 2,418,329 (21.25%) | 5,642,768 (49.58%) | 96,419 | 11,381,955 | |
| 1 | 6th Mar 2024 19:04 | 0.00x | 0.52x | 0.97x | 1.81x | 0.61x |
| 2 | 7th Mar 2024 19:04 | 0.10x | 1.71x | 2.13x | 3.45x | 1.48x |
| 3 | 11th Mar 2024 18:23 | 18.42x | 10.00x | 4.22x | 7.27x | 9.50x |
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 Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 434.54 | 461.28 | 399.72 | 341.89 |
| Revenue | 677.97 | 1,398.54 | 1,356.48 | 1,129.84 |
| Profit After Tax | 55.57 | 112.37 | 41.54 | 21.12 |
| Net Worth | 346.10 | 290.88 | 177.66 | 135.74 |
| Reserves and Surplus | 333.17 | 277.60 | 176.56 | 135.03 |
| Total Borrowing | 26.05 | 106.37 | 164.12 | 138.99 |
| Amount in ₹ Crore | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Gopal Snacks Limited | 9.02 | 9.02 | 23.34 | 38.63 | ||
| Bikaji Foods International Limited | 5.15 | 5.14 | 38.22 | 104.67 | 14.15 | Consolidated |
| Prataap Snacks Ltd | 8.51 | 8.51 | 288.33 | 137.87 | 3.1 | Consolidated |
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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To subscribe or apply in Gopal Snacks IPO, you can use the following methods:
| Gopal Snacks IPO Applying Mode | ||
| Online Application | 3-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 Application | 2-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 Application | ASBA | 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 Application | Physical 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
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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.
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Gopal Snacks IPO Allotment Date is 12-03-2024.
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Gopal Snacks IPO share allotment date?Gopal Snacks IPO allotment date?
