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Gopal Snacks IPO

Gopal Snacks IPO

  • Status: Closed
  • RHP:
  • ₹ 14,097 / 37 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    14 Mar 2024

  • Listing Price

    ₹350.00

  • Listing Change

    -12.72%

  • Last Traded Price

    ₹487.65

IPO Details

  • Open Date

    06 Mar 2024

  • Close Date

    11 Mar 2024

  • IPO Price Range

    ₹ 381 to ₹ 401

  • IPO Size

    ₹ 650 Cr

  • Listing Exchange

    BSE, NSE

  • Listing Date

    14 Mar 2024

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IPO Timeline

Gopal Snacks IPO Subscription Status

Last Updated: 15 March 2024 10:23 AM by 5Paisa

Gopal Snacks Limited IPO is set to open from 6th March to 11th March 2024. The company operates in the fast moving consumer goods sector. The IPO includes an Offer-for-Sale (OFS) of 16,209,476 worth ₹650 cr. The share allotment date is 12th March 2024, and the IPO will be listed on 14th March 2024 on the stock exchanges. The price band is set at ₹381 to ₹401 and the lot size is 37 shares.   

Intensive Fiscal Services Private Limited, Axis Capital Limited and JM Financial Limited are the book-running lead managers for this IPO, while Link Intime India Private Limited is the registrar. 

Objectives of Gopal Snacks IPO:

●    No proceeds will be received by the company. 
 

Gopal Snacks IPO Video

 

Established in 1999, Gopal Snacks Limited operates in the fast moving consumer goods (FMCG) sector. As of September 2023, the company was serving ethnic and Western snacks and other products across 2 Union Territories and 10 Indian States. Here is its product portfolio:

●    Ethnic snacks: Namkeen and gathiya
●    Western snacks: Wafers, extruded snacks and snack pellets
●    Others: Papad, spices, gram flour or besan, noodles, rusk and soan papdi. 

Gopal Snacks distribution network includes 617 distributors and 3 depots as of September 2023. The company uses modern trade, e-commerce, and exports to sell its products. The company has a total of six manufacturing facilities.

Peer Comparison
●    Bikaji Foods International Limited
●    Prataap Snacks Limited

For More Information:
Webstory on Gopal Snacks IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue from operations 1394.65 1352.16 1128.86
EBITDA 196.22 94.79 60.35
PAT 112.36 41.53 41.53
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 461.28 399.72 341.89
Share Capital 12.46 1.13 1.13
Total Borrowings 170.40 222.06 206.15
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities      
Net cash from / (used in) investing activities      
Net cash flow from / (used in) financing activities      
Net increase (decrease) in cash and cash equivalents      


Strengths

1.    The company has a leading market position in the Indian snacks industry for ethnic savoury products, especially in Gujarat. 
2.    It focuses on quality and diversified product offerings. 
3.    Its position as a manufacturer of gathiya in India and its growing popularity will help the company leverage the demand. 
4.    It has strategically located manufacturing facilities.
5.    Vertically integrated advanced business operations.
6.    Its distribution network is quite wide.
7.    Its track record of profitable financial performance is a big plus. 
8.    Skilled and experienced management team.
 

Risks

1.    A majority of its revenues are derived from namkeen, gathiya and snack pellets.
2.    The sale of products is concentrated in Gujarat.
3.    The business is subject to various contamination-related risks.
4.    The business is subject to seasonality.
5.    The company operates in a competitive industry. 
6.    High working capital requirements. 
 

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FAQs

Gopal Snacks IPO opens from 6th March to 11th March 2024.
 

The size of Gopal Snacks IPO is ₹650 cr. 
 

To apply for Gopal Snacks IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Gopal Snacks IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
You will receive a mandate notification to block funds in your UPI app.
 

The price band of Gopal Snacks IPO is set at ₹381 to ₹401 per share.
 

The minimum lot size of Gopal Snacks IPO is 37 shares and the minimum investment required to apply for the IPO is ₹14,097.
 

The share allotment date of Gopal Snacks IPO is 12th March 2024.
 

The Gopal Snacks IPO will be listed on 14th March 2024.
 

Intensive Fiscal Services Private Limited, Axis Capital Limited and JM Financial Limited are the book-running lead managers for Gopal Snacks IPO.
 

Gopal Snacks will not get any proceeds from the listing.