Gopal Snacks IPO is planning to raise ₹650 Crores through its IPO, consisting offer for sale of 1.62 crore shares.
Subscription opened on 6 March, 2024 and closed on 11 March, 2024. The allotment result is expected on Tuesday, 12 March, 2024. The listing date on BSE and NSE is scheduled for Thursday, 14 March,2024.
The share prices are set in the range of ₹381 to ₹401 per share. Retail investors need a minimum investment of ₹14,837 for a lot size of 37 shares. For sNII, the minimum lot size investment is 14 lots (518 shares), totaling ₹207,718, while for bNII, it is 68 lots (2,516 shares), amounting to ₹1,008,916.
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IPO GMP
Today, the Gray Market Premium (GMP) for IPO Gopal Snacks is ₹-5. After the allotment is announced, you can check your status on the website: https://linkintime.co.in/initial_offer/public-issues.html.
For more information about the Gopal IPO GMP, please read our blog here.
IPO Details
| Date | 6 Mar 2024 to 11 Mar 2024 |
| Listing Date | 14 Mar, 2024 |
| Price Band | ₹381 to ₹401 |
| Lot Size | 37 Shares |
| Total Issue Size | 16,209,476 shares (around ₹650.00 Cr) |
| Offer for Sale | 16,209,476 shares of ₹1 (around ₹650.00 Cr) |
| Share holding pre issue | 124,604,370 |
| Share holding post issue | 124,604,370 |
IPO Lot Size
| 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 |
IPO Anchor Investors Details
Gopal IPO secures ₹193.95 Cr. from anchor investors. Anchor bidding took place on 5 Mar,. For List of Anchor Investors Click here.
| Bid Date | 5 Mar 2024 |
| Shares Offered | 4,836,657 |
| Anchor Portion Size | 193.95 Cr. |
| End of Lock-in Period: 50% Shares (30 Days) | 11 Apr,2024 |
| End of Lock-in Period: Remaining Shares (90 Days) | 10 Jun, 2024 |
IPO Timeline
| IPO Open Date | 06 Mar 2024 |
| IPO Close Date | 11 Mar 2024 |
| Basis of Allotment | 12 Mar 2024 |
| Initiation of Refunds | 13 Mar 2024 |
| Credit of Shares to Demat | 13 Mar 2024 |
| Listing Date | 14 Mar 2024 |
| Cut-off time for UPI mandate | 11 Mar 2024 (5 PM) |
IPO Reservation Quota
| Investor Type | Shares Offered (%) |
|---|---|
| Anchor Investor Quota | 29.82% |
| QIB Quota | 19.88% |
| NII Quota | 14.91% |
| bNII > ₹10L | 9.94% |
| sNII < ₹10L | 5.23% |
| Retail Quota | 34.79% |
| Total Shares | 100% |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 16.05% |
| ROCE | 20.83% |
| Debt/Equity | 0.08 |
| RoNW | 16.05% |
| P/BV | 14.43 |
IPO Financial Information ( Value in ₹ Cr. )
| Period Ended | Sep 2023 | Mar 2023 | Mar 2022 | 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 |
IPO Objectives
- The company will not get any money from the sale. All the money made will go to the sellers depending on how many shares they sell.
FAQs
Today, the Gray Market Premium for Gopal Snacks IPO is ₹-5.
The expected return for the Gopal IPO today is -1.25%.
The start date for applying to the Gopal IPO is 06 Mar, 2024.
The end date for applying to the Gopal IPO is 11 Mar, 2024.
The allotment date for the Gopal IPO is 12 Mar, 2024.
The listing date for the Gopal IPO is 14 Mar, 2024.