Gopal Snacks Limited IPO Detail
Founded in 1999, Gopal Snacks Limited is an FMCG company that deals in ethnic and Western snacks, and other products in India and internationally.
The company offers a variety of snack products including ethnic snacks like namkeen and gathiya, as well as western snacks such as wafers, extruded snacks, and snack pellets. They also provide fast-moving consumer goods such as papad, spices, gram flour or besan, noodles, rusk, and soan papdi.
As of November 2023, the company had 276 SKUs along with 84 products from different categories, catering to various tastes and preferences.
As of September 2023, the company has sold its products to over 523 locations across 10 states and two Union Territories.
As of September 30, 2023, the sales and marketing team comprised 741 employees, complemented the extensive distribution network of three depots and 617 distributors. As of September 2023, the company has a fleet of 263 logistics vehicles to support its extensive distribution network.
The company has six manufacturing units out of which three are primary manufacturing unit and three are ancilliary manufacturing unit.The primary manufacturing unit are located in Nagpur, Maharashtra; Rajkot, Gujarat; and Modasa, Gujarat. The two ancillary units are situated in Rajkot, Gujrat and one unit is located in Madosa, Gujrat.
As of September 30, 2023, our six facilities had a total annual installed capacity of 404,728.76 MT. Our three primary facilities, including the Rajkot facility that produces papad, had a capacity of 303,668.76 MT, while the three ancillary facilities had a capacity of 101,060.00 MT (excluding papad capacity).
As of September 30, 2023, 69 distributors in Gujarat have been associated with the company for more than ten years, representing 24.73% of the total distributors in Gujarat.
Company Promoters
Bipinbhai Vithalbhai Hadvani, Dakshaben Bipinbhai Hadvani and Gopal AgriproductsIPO Details
IPO Opening Date | Mar 06, 2024 |
IPO Closing Date | Mar 11, 2024 |
Issue Type | Book Built Issue IPO |
Face Value | ₹1 per equity share |
IPO Price | ₹381 - 401 per equity share |
Market Lot | 37 Shares |
Min Order Quantity | 37 Shares |
Listing At | BSE, NSE |
Issue Size | ₹650.00 Cr |
Fresh Issue | - |
Offer for Sale | ₹650.00 Cr |
Employee Discount | ₹38 |
Retail Portion | 35% |
IPO Subscription (Bidding Detail)
AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
---|---|---|---|---|---|---|
Day 1 | 0.00x | 0.87x | 0.33x | 0.52x | 0.97x | 0.61x |
Day 2 | 0.10x | 2.46x | 1.28x | 1.71x | 2.13x | 1.48x |
Day 3 | 18.42x | 8.12x | 10.72x | 10.00x | 4.22x | 9.50x |
IPO Tentative Timetable
The Gopal Snacks Limited IPO open date is Mar 06, 2024, and the close date is Mar 11, 2024. The issue may list on Mar 14, 2024.
IPO Open Date | Mar 06, 2024 |
IPO Close Date | Mar 11, 2024 |
Basis of Allotment Date | Mar 12, 2024 |
Initiation of Refunds | Mar 13, 2024 |
Credit of Shares to Demat Account | Mar 13, 2024 |
IPO Listing Date | Mar 14, 2024 |
IPO Lot Size
The Gopal Snacks Limited IPO market lot size is 37 shares. A retail-individual investor can apply for up to 13 lots (481 shares or ₹192881).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 37 | ₹14837 |
Maximum | 13 | 481 | ₹192881 |
IPO Promoter Holding
Pre Issue Share Holding | 93.50% |
Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Cr.)
Financial Year | Total Assets | Total Revenue | Profit After Tax |
---|---|---|---|
31-Mar-21 | 341.89 | 1129.84 | 21.12 |
31-Mar-22 | 399.72 | 1356.48 | 41.54 |
31-Mar-23 | 461.28 | 1398.54 | 112.37 |
30-Sep-23 | 434.54 | 677.97 | 55.57 |
Objects of the Issue:
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.Gopal Snacks Limited IPO Registrar:
Link Intime India Private Ltd
Gopal Snacks Limited IPO Lead Manager(s):
Intensive Fiscal Services Private Limited Axis Capital Limited Jm Financial Limited
Company Contact Information:
Gopal Snacks Limited
Plot Nos. G2322, G2323 and G2324
GIDC Metoda, Taluka
Lodhika, Rajkot -360 021