Gopal Snacks IPO Details ( Gopal Namkeen IPO Review )
(6 Mar 2024 – 11 Mar 2024)
Established in 1999, Gopal Snacks Limited stands as a popular FMCG company specializing in both traditional and Western snacks, serving customers in India and abroad.
Our diverse snack range includes traditional treats like namkeen and gathiya, alongside Western delights such as wafers, extruded snacks, and snack pellets. Additionally, we offer fast-moving consumer goods like papad, spices, gram flour (besan), noodles, rusk, and soan papdi.
As of November 2023, we take pride in offering 276 SKUs, featuring 84 products across various categories, ensuring a wide array to cater to different tastes.
By September 2023, our products have reached more than 523 locations spanning 10 states and two Union Territories.
Our dedicated sales and marketing team, consisting of 741 employees as of September 2023, collaborates seamlessly with a robust distribution network comprising three depots and 617 distributors. Supporting this network are 263 logistics vehicles to facilitate efficient product delivery.
Gopal Snacks Limited operates six manufacturing units, three being primary facilities located in Nagpur, Maharashtra; Rajkot, Gujarat; and Modasa, Gujarat. Additionally, we have three ancillary units situated in Rajkot, Gujarat, and Modasa, Gujarat.
As of September 30, 2023, our facilities boast a combined annual installed capacity of 404,728.76 MT. The three primary facilities, including the Rajkot unit producing papad, contribute 303,668.76 MT, while the three ancillary units contribute 101,060.00 MT (excluding papad capacity).
Building strong partnerships, 69 distributors in Gujarat have been associated with us for over a decade, representing 24.73% of our total distributors in the state as of September 30, 2023.
Gopal Snacks Limited Company Product
Gopal Snacks Limited IPO Competitive Strength
- Our position in the Indian snack food market as an ethnic savouries brand with a significant presence in Gujarat coupled with our focus on quality and various offerings have helped us create a brand recognition
- Diversified product portfolio capable of capturing growing Indian snacks market
- Our position as a manufacturer of gathiya in India coupled with the growing popularity of gathiya as a snack, present opportunities for us to expand in the gathiya segment
- Strategically located manufacturing facilities
- Vertically integrated advanced business operations resulting in quality products and cost and operational efficiencies
- Distribution network
- Experienced Promoter and management team
- Track record of profitable financial performance
Gopal Snacks IPO Financials Performance ( Results )
Gopal Snacks Limited Financial Information (Restated)
All Amount in ₹ Crores
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | Reserves | Borrowing |
| 31-Mar-21 | 341.89 | 1,129.84 | 21.12 | 1.70 | 135.74 | 135.03 | 138.99 |
| 31-Mar-22 | 399.72 | 1,356.48 | 41.54 | 3.33 | 177.66 | 176.56 | 164.12 |
| 31-Mar-23 | 461.28 | 1,398.54 | 112.37 | 9.02 | 290.88 | 277.60 | 106.37 |
| 30-Sep-23 | 434.54 | 677.97 | 55.57 | 4.46 | 346.10 | 333.17 | 26.05 |
Objective of Gopal Namkeen IPO 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 IPO Basic Details
| IPO Date | Mar 6, 2024 to Mar 11, 2024 |
| Listing Date | Thursday, March 14, 2024 |
| Face Value | ₹1 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) |
| Employee Discount | Rs 38 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Share holding pre issue | 124,604,370 |
| Share holding post issue | 124,604,370 |
| Company Promoters | Bipinbhai Vithalbhai Hadvani, Dakshaben Bipinbhai Hadvani and Gopal Agriproducts |
Gopal Snacks IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
Gopal Namkeen IPO Timetable
Gopal Namkeen IPO will open on March 6, 2024 and close on March 11, 2024. You can join Gopal Namkeen IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 6 March 2024 (Wednesday) |
| Closing Date | 11 March 2024 (Monday) |
| Basis of Allotment | 12 March 2024 (Tuesday) |
| Initiation of Refunds | 13 March 2024 (Wednesday) |
| Credit of Shares to Demat | 13 March 2024 (Wednesday) |
| Listing Date | 14 March 2024 (Thursday) |
| Deadline for UPI mandate confirmation | 5 PM on March 2024 |
Gopal Snacks IPO Lot Size
For retail investors in Gopal Snacks IPO, 37 shares will come in 1 lot or the minimum investment will be ₹14,837. Retail-individual investors can apply for up to 13 lots or the maximum investment will be ₹192,881.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 37 | ₹14,837 |
| Retail (Max) | 13 | 481 | ₹192,881 |
| S-HNI (Min) | 14 | 518 | ₹207,718 |
| S-HNI (Max) | 67 | 2,479 | ₹994,079 |
| B-HNI (Min) | 68 | 2,516 | ₹1,008,916 |
Gopal Namkeen IPO Promoter Holding
The company’s promoters include Bipinbhai Vithalbhai Hadvani, Dakshaben Bipinbhai Hadvani and Gopal Agriproducts.
| Pre Issue Share Holding | 93.50% |
| Post Issue Share Holding |
Gopal Snacks Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 4996.64 |
| Earning Per Share (EPS) | ₹9.02 per Equity Share |
| Net Asset Value (NAV) | ₹23.34 per Equity Share |
| P/E Ratio (P/E) (x) | 44.47 |
| Post P/E Ratio (P/E) (x) | 44.96 |
| Return on Net Worth (RoNW) (%) | 16.05 |
| Return on equity (ROE) (%) | 16.05 |
| Return on Capital Employed (ROCE) (%) | 20.83 |
| Debt/Equity Ratio | 0.08 |
| Price/Book Value Ratio | 14.43 |
Gopal Namkeen Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| Gopal Snacks Limited | Consolidated | 1 | 9.02 | 44.47 | 38.63 | 23.34 |
| Peer Group | ||||||
| Bikaji Foods International Limited | Consolidated | 1 | 5.14 | 104.67 | 14.15 | 38.22 |
| Prataap Snacks Limited | Consolidated | 5 | 8.51 | 137.87 | 3.10 | 288.33 |
Gopal Snacks IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹122 | – | – |
| 5 March 2024 | ₹115 | – | – |
Gopal Namkeen IPO Detail Video:
Link
Gopal Snacks IPO Subscription Status (Bidding Detail)
The Gopal Snacks IPO on March 11, 2024 at 7:00:00 PM 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, 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 Snacks IPO Prospectus
| Gopal Snacks IPO DRHP | Download |
| Gopal Snacks IPO RHP | Download |
| Gopal Snacks IPO Anchor Investors Details PDF | Download |
Gopal Snacks IPO Rating
| Our Rating | 3.5/5.0 |
Gopal Snacks Company Contact Information
Gopal Snacks Limited
Corporate Identity Number: U15400GJ2009PLC058781
Registered and Corporate Office: Plot Nos. G2322, G2323 and G2324, GIDC Metoda, Taluka Lodhika, Rajkot – 360021, Gujarat , India
Tel: +91 28 2728 7370
Contact Person: Mayur Popatbhai Gangani, Company Secretary and Compliance Officer
E-mail: cs@gopalsnacks.com
Website: www.gopalnamkeen.com
Promoters of Our Company: Bipinbhai Vithalbhai Hadvani, Dakshaben Bipinbhai Hadvani and Gopal Agriproducts Private Limited
Gopal Snacks IPO Registrar
Link Intime India Private Limited
Registered Office: C-101, 1st Floor, 247 Park, L.B.S. Marg, Vikhroli (West) Mumbai 400 083, Maharashtra, India
Tel: +91 81081 14949
E-mail: gopalsnacks@linkintime.co.in
Investor grievance E-mail: gopalsnacks@linkintime.co.in
Website: www.linkintime.co.in
Contact person: Shanti Gopalkrishnan
SEBI Registration No: INR000004058
Gopal Snacks IPO Lead Manager
Intensive Fiscal Services Private Limited
Registered Office: 914, 9th Floor, Raheja Chambers Free Press Journal Marg Nariman Point, Mumbai 400 021, Maharashtra, India
Tel.: +91 22 2287 0443
E-mail: gopal.ipo@intensivefiscal.com
Investor Grievance E-mail: grievance.ib@intensivefiscal.com
Website: www.intensivefiscal.com
Contact person: Harish Khajanchi / Anand Rawal
SEBI Registration No.: INM000011112
Axis Capital Limited
Registered Office: 1st Floor, Axis House C-2, Wadia International Centre P.B. Marg, Worli, Mumbai 400 025, Maharashtra, India
Tel.: + 91 22 4325 2183
E-mail: gopalsnacks.ipo@axiscap.in
Investor Grievance E-mail: complaints@axiscap.in
Website: www.axiscapital.co.in
Contact person: Sagar Jatakiya
SEBI Registration No.: INM000012029
JM Financial Limited
Registered Office: 7th Floor, Cnergy Appasaheb Marathe Marg, Prabhadevi, Mumbai – 400 025, Maharashtra, India
Tel.: +91 22 6630 3030
E-mail: gopalsnacks.ipo@jmfl.com
Investor Grievance E-mail: grievance.ibd@jmfl.com
Website: www.jmfl.com
Contact person: Prachee Dhuri
SEBI Registration No.: INM000010361
Gopal Snacks IPO FAQs
What is the lot size of Gopal Snacks IPO?
The total size of Gopal Snacks IPO is ₹650.00 crores and this is a complete offer for sale (OFS) Issue.
When will Gopal Snacks IPO start?
Gopal Snacks IPO will open from 6 March 2024 and IPO will close on 11 March 2024.
What is the open date of Gopal Snacks IPO?
Gopal Snacks IPO will open date from 6 March 2024.
What is the last date ( close date ) of Gopal Snacks IPO?
Gopal Snacks IPO will close from 11 March 2024.
What is the price band of Gopal Snacks IPO?
Gopal Snacks IPO price band is ₹381 to ₹401. ( Upper Price Band: ₹401, Lower Price Band: ₹381 )
What is the minimum amount required to apply for Gopal Snacks IPO?
The minimum investment for retailers to apply for Gopal Snacks IPO is ₹14,837 and the maximum investment is ₹192,881.
What is going on gray market premium of Gopal Snacks IPO?
View gray market premium of Gopal Snacks IPO by Clicking Here
How much is the GMP of Gopal Snacks IPO?
Watch Gopal Snacks IPO GMP Today: Click Here
What is the allotment date of Gopal Snacks IPO?
The allotment date of Gopal Snacks IPO is 12 March 2024.
How to check allotment status in Gopal Snacks IPO?
To check the allotment status of Gopal Snacks IPO, first of all go to the registrar website by clicking here, select your bad Gopal Snacks IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Gopal Snacks IPO?
The listing date of Gopal Snacks IPO is 14 March 2024.
How much will be the listing gain in Gopal Snacks IPO?
View listing gain of Gopal Snacks IPO by Clicking Here
How much time Gopal Snacks IPO is subscribed?
Total 9.50 times subscribed in Gopal Snacks IPO out of which 4.22 times subscription was done in retail quota, 10.00 times subscription in NII quota and 18.42 times subscription in QIB quota.
How to apply for Gopal Snacks IPO from Upstox?
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How to apply for Gopal Snacks PO from Zerodha?
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