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Gopal Snacks Ltd

Gopal Snacks Ltd IPO Details

Listing Date

14 Mar 2024

Bid Price

₹381 - ₹401

Lot Size

37 Shares

Minimum Investment

₹14,837 / Lot

Issue Size

₹650 Crores

Employee Discount

₹38 per share

Schedule

    Here are the important dates you need to know in order to participate in this IPO

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Bidding starts

6th Mar

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Bidding ends

11th Mar

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Allotment of shares

12th Mar

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Initiation of refund

13th Mar

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Credit of shares to Demat account

13th Mar

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Listing date

14th Mar

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 91% 0%
Public Group 9% 0%

Gopal Snacks Ltd IPO Reservation

QIB Shares Offered 32,24,439 (19.89%)
NII (HNI) Shares Offered 24,18,329 (14.92%)
Retail Shares Offered 56,42,768 (34.81%)
Anchor Investor Shares Offered 48,36,658 (29.84%)
Total Shares Offered 1,62,09,476
Total Shares With Anchor Investor 1,62,09,476

Gopal Snacks Ltd IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 37 ₹14,837
Retail (Max) 13 481 ₹1,92,881
S HNI (Min) 14 518 ₹2,07,718
S HNI (Max) 67 2,479 ₹9,94,079
B HNI (MIN) 68 2,516 ₹10,08,916

Gopal Snacks Ltd IPO registrar

MUFG Intime India Pvt Ltd
Phone Number +91 81081 14949
Email Id gopalsnacks@linkintime.co.in
Website www.linkintime.co.in

Gopal Snacks Ltd IPO Lead Manager

1. Intensive Fiscal Services Pvt Ltd

2. Axis Capital Ltd

3. JM Financial Ltd

Gopal Snacks Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Qualified Institutional Buyers (QIBs) 33,93,700 5,93,89,588 17.5
Non Institutional Investors (NIIs) 25,45,276 2,41,75,800 9.5
NII(Bid amount of more than Ten Lakh Rupees) 16,96,850 1,72,82,145 10.18
NII(Bid amount of more than 2 Lakh < 10 Rupees) 8,48,426 68,93,655 8.13
Retail Individual Investors (RIIs) 59,38,977 2,38,41,320 4.01
Total 1,19,79,993 10,81,08,746 9.02

Strength of Gopal Snacks Ltd

  • Its 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.
  • Its position as a manufacturer of gathiya in India coupled with the growing popularity of gathiya as a snack, present opportunities for the company 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.

Risks Involved

  • The company is significantly dependent on the sale of its products namely, namkeen, gathiya and snack pellets. The company aggregate revenue from sale of namkeen, gathiya and snack pellets accounted for 88.96%, 85.25%, 81.66%, 83.24% and 77.89% of its revenue from operations in Fiscal 2021, 2022, 2023 and the six months ended September 30, 2022 and 2023, respectively. An inability to anticipate and adapt to evolving consumer tastes, preferences and demand for particular products, or ensure product quality may adversely impact demand for its products, brand loyalty and consequently the company's business, results of operations, financial condition and cash flows.
  • The sale of its products is concentrated in the company core market of Gujarat. In Fiscal 2021, 2022 and 2023 and the six months ended September 30, 2022 and 2023, its revenue from sale of products in Gujarat accounted for 74.31%, 76.27%, 79.08%, 79.06% and 76.49% of its revenue from operations, respectively. Any adverse developments affecting its operations in such region, could have an adverse impact on the company's business, financial condition, results of operations and cash flows.
  • Its cost of materials consumed accounted for 81.87%, 79.39%, 71.62%, 72.99% and 70.02% of its revenue from operations in Fiscal 2021, 2022 and 2023 and the six months ended September 30, 2022 and 2023, respectively. Inadequate or interrupted supply and price fluctuation of its raw materials and packaging materials could adversely affect its business, results of operations, cash flows and financial condition.
  • Its Promoter Group does not include Prafulchandra Vitthal Hadvani (earlier known as Prafulbhai Vitthalbhai Hadvani), brother of Bipinbhai Vithalbhai Hadvani, one of its Promoters and his Connected Entities (as defined below) and this Draft Red Herring Prospectus does not include any disclosures pertaining to Prafulchandra Vitthal Hadvani and his Connected Entities.
  • Its Promoters have encumbered their Equity Shares by way of pledge. Any exercise of such encumbrance could dilute the shareholding of its Promoters and consequently dilute the aggregate shareholding of its Promoters, which may adversely affect the company's business and financial condition.
  • An inability to maintain or enhance the popularity of its "Gopal" brand may adversely impact its business, results of operations, financial condition and cash flows.
  • The company is dependent on the sale of small pack SKUs for its revenues. Revenue from sale of SKUs available at Rs. 5 accounted for 82.68%, 80.74%, 75.48%, 77.31% and 70.41% of our revenue from operations in Fiscal 2021, 2022 and 2023 and the six months ended September 30, 2022 and 2023, respectively. Any significant increase in the cost of raw materials, packaging, or other commodities used in the production of these SKUs may lead to inflationary pressures and its inability to either increase the prices of the company SKUs or reduce the weight may have an adverse effect on its business, results of operations, financial condition and cash flows.
  • Its business is dependent on the company distribution network. An inability to expand or effectively manage its distributor network, or any disruptions in the company distribution network may have an adverse effect on its business, results of operations, financial condition and cash flows.
  • Its operations are subject to various contamination related risks, including improper storage of the company products and raw materials, labelling errors, and non-compliance with quality control standards. Any actual or alleged contamination could lead to legal liability, damage to brand reputation, and adverse impact on its business, results of operations, financial condition and cash flows.
  • Any slowdown or interruption to its manufacturing operations or under-utilization of the company existing or future manufacturing facilities may have an adverse impact on its business, results of operations, financial condition and cash flows.
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Frequently Asked Questions

What is Gopal Snacks Ltd IPO?

Answer Field

Gopal Snacks Ltd IPO is a Mainboard IPO of 1,62,09,476 equity shares of a face value of ₹1 aggregating up to ₹650 Crores. The issue is priced at ₹381 to ₹401 per share. The minimum order quantity is 37 Shares. The IPO opens on March 06, 2024, and closes on March 11, 2024. MUFG Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Gopal Snacks Ltd IPO will open?

Answer Field

The Gopal Snacks Ltd IPO opens on March 06, 2024 and closes on March 11, 2024.

What is the lot size of Gopal Snacks Ltd?

Answer Field

Gopal Snacks Ltd lot size is 37 shares, and the minimum amount required is ₹14,837.

How to apply for Gopal Snacks Ltd IPO?

Answer Field

You can apply in Gopal Snacks Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• 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.

• Approve the mandate request on your UPI and funds will be blocked.

When is Gopal Snacks Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Gopal Snacks Ltd IPO will be done on March 12, 2024, and the allotted shares will be credited to your demat account by March 13, 2024.

When is Gopal Snacks Ltd IPO listing date?

Answer Field

The Gopal Snacks Ltd listing date is March 14, 2024.

Who is the registrar of Gopal Snacks Ltd IPO?

Answer Field

The registrar of Gopal Snacks Ltd IPO is MUFG Intime India Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Intensive Fiscal Services Pvt Ltd,Axis Capital Ltd,JM Financial Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Gopal Snacks Ltd IPO?

Answer Field

The fresh issue size is ₹[-] Crores equity shares.

What minimum lot size can retail subscribers subscribe to Gopal Snacks Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 37 shares and ₹14,837 amount.

How can I approve the UPI mandate request for Gopal Snacks Ltd IPO?

Answer Field

To apply for Gopal Snacks Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Gopal Snacks Ltd?

Answer Field

The price of each Gopal Snacks Ltd share will be ranging in between ₹381 to ₹401 per share.

What is the cut-off time for the UPI mandate for Gopal Snacks Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, March 11, 2024.

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