The Gopal Snacks IPO started on March 6, 2024, and ended on March 11, 2024. Shares were allocated on March 12, 2024, and refund processes began on March 13, 2024. On March 13, 2024, the shares were credited to investors demat accounts. Gopal Snacks was officially listed on the stock exchange on March 14, 2024.
During the IPO, Gopal Snacks offered shares at a price range of ₹381 to ₹401 per share, and the lot size was 37 shares. The total issue size was ₹650.00 crores, with ₹650.00 crores from new shares. The IPO was listed on both the NSE and BSE.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
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Gopal Snacks IPO Subscription Status
The Gopal Snacks IPO on March 11, 2024 was subscribed 9.50 times, with the retail category being subscribed 4.22 times, the NII (Non-Institutional Investor) category being subscribed 10.00 times, the QIB (Qualified-Institutional Buyers) category being subscribed 18.42 times and the Employee category being subscribed 7.27 times.
| Category | Subscription |
| QIB | 18.42x |
| NII | 10.00x |
| Retail | 4.22x |
| Employee | 7.27x |
| Total | 9.50x |
Gopal Namkeen IPO Basic Details
| Company Name | Gopal Snacks Limited |
| Domain of Company | FMCG |
| Gopal Snacks IPO Open Date | March 6, 2024 |
| Gopal Snacks IPO Close Date | March 11, 2024 |
| Gopal Snacks IPO Allotment Date | March 12, 2024 |
| Gopal Snacks IPO Listing Date | March 14, 2024 |
| Face Value | ₹10 per share |
| Price | ₹381 to ₹401 per share |
| Lot Size | 37 Shares |
| Issue Size | 16,209,476 shares of ₹1 (aggregating up to ₹650.00 Cr) |
| Offer for Sale | 16,209,476 shares of ₹1 (aggregating up to ₹650.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Company Promoters | Bipinbhai Vithalbhai Hadvani, Dakshaben Bipinbhai Hadvani and Gopal Agriproducts |
About Gopal Snacks Limited
Established in 1999, Gopal Snacks Limited is a company that specializes in a wide range of snacks, both traditional and Western, as well as various other products in India and around the world.
Our snack offerings include traditional treats like namkeen and gathiya, alongside Western options such as wafers, extruded snacks, and snack pellets. Additionally, we provide essential consumer goods like papad, spices, gram flour (besan), noodles, rusk, and soan papdi.
As of November 2023, we take pride in offering 276 different products under 84 categories, ensuring a diverse selection to cater to various tastes.
By September 2023, we have successfully distributed our products to more than 523 locations across 10 states and two Union Territories.
Our dedicated sales and marketing team, consisting of 741 employees as of September 30, 2023, works in tandem with our robust distribution network, which includes three depots and 617 distributors. Supporting this network, we operate a fleet of 263 logistics vehicles to ensure efficient product delivery.
With six manufacturing units in total, three primary units in Nagpur, Maharashtra; Rajkot, Gujarat; and Modasa, Gujarat, and three ancillary units in Rajkot, Gujarat, and Modasa, Gujarat, we strive to meet the demand for our products. As of September 30, 2023, these facilities collectively boast an annual installed capacity of 404,728.76 MT, with primary facilities contributing 303,668.76 MT and ancillary facilities 101,060.00 MT (excluding papad capacity).
In Gujarat, where we have 69 distributors associated with us for over a decade, representing 24.73% of total distributors, our longstanding commitment speaks volumes about our strong relationships and customer satisfaction.
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Gopal Snacks IPO FAQs
What is the start and end date of Gopal Snacks IPO Subscription?
The Gopal Snacks IPO started on March 6, 2024, and ended on March 11, 2024.
When does Gopal Snacks IPO Subscription open?
The Gopal Snacks IPO open on March 6, 2024.
When does Gopal Snacks IPO Subscription close?
The Gopal Snacks IPO Close on March 11, 2024.
What is the allotment date of Gopal Snacks IPO?
The allotment date for Gopal Snacks IPO is March 12, 2024.
When is the initial refund date of Gopal Snacks IPO?
The initial Refund date for Gopal Snacks IPO is March 13, 2024.
When were the shares credited to investors demat accounts for the Gopal Snacks IPO?
The shares for the Gopal Snacks IPO were credited to investors demat accounts on March 13, 2024.
When will Gopal Snacks IPO be listed on the stock market?
Gopal Snacks IPO stock market will be listed on March 14, 2024 at 10 am.
What was the price range of the Gopal Snacks IPO shares?
The Gopal Snacks IPO shares were offered at a price range of ₹381 to ₹401 per share.
What was the lot size for the Gopal Snacks IPO shares?
The lot size for the Gopal Snacks IPO shares was 37 shares.
What was the total issue size of the Gopal Snacks IPO?
The total issue size of the Gopal Snacks IPO was ₹650.00 crores.
How were the shares allocated among different types of investors for the Gopal Snacks IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Gopal Snacks IPO listed?
The Gopal Snacks IPO was listed on both the NSE and BSE.
What is the Gopal Snacks IPO Subscription Status?
Gopal Snacks IPO is subscribed 9.50 Times.
