Gopal Snacks IPO Details
Issue Date
06 Mar - 11 Mar'24
Price Range
₹381 - ₹401
Lot Size
37
IPO Size
₹650.30 Cr
Gopal Snacks IPO Listing Details
Listing On
14 Mar'24
Issue Price
₹401
Listed Price
₹ 351
Retail Gain/Listing Gain
▼-12.47%
Schedule of Gopal Snacks IPO
Start date
06/03/2024
End date
11/03/2024
Allotment of bids
Refund Initiation
13/03/2024
Listing on exchange
14/03/2024
Gopal Snacks IPO Review
Kotak Securities
•03m 17s
Gopal Snacks Company Background
Gopal Snacks is a fast-moving consumer goods (FMCG) company in India, offering ethnic and western snacks, alongside other products, in ten States and two Union Territories as of September 30, 2023.
The company offers a wide variety of savoury products under the brand ‘Gopal’, including namkeen, gathiya, and wafers, along with FMCG goods like papad, spices, gram flour or besan, noodles, rusk and soan papdi.
Gopal Snacks Competitive Strengths
Diversified product portfolio capable of capturing the growing Indian snacks market
As of September 30, 2023, the company’s product portfolio comprised 84 products with 276 SKUs across the product categories, including 31 products in the namkeen, and 8 products in the gathiya categories to address consumer requirements. Over the years, the company has established its position across certain product offerings in the organised snacks market in India.
Strong distribution network
As of September 30, 2023, the company has three depots and 617 distributors, who helped it reach retailers located across ten States and two Union Territories in India, including Gujarat, Maharashtra and Uttar Pradesh. Further, as of September 30, 2023, 69 distributors in Gujarat have been associated with the company for more than ten years, contributing 26.62% and 25.97% of the company’s revenue from operations in FY23 and in the six months ended September 30, 2023, respectively.
Track record of profitable financial performance
The company’s revenue from operations increased by 23.55% from FY21 to FY23 while its profit after tax increased by 432% from FY21 to FY23.
Risk Factors
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The company is significantly dependent on the sale of select products namely, namkeen, gathiya and snack pellets.
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The sale of products is concentrated in the core market of Gujarat.
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Company operations are subject to various contamination-related risks, including improper storage of products and raw materials, labelling errors, and non-compliance with quality control standards.
Key Strategies
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Enhance presence in the core market of Gujarat.
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Accelerate expansion in focussed markets.
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Continue to launch new products, expand wallet share with consumers and grow consumer base.
Gopal Snacks Key Financials
Here are the key financials for Gopal Snacks Limited:
How to apply for IPO through ASBA
Kotak Securities
•04m 01s
How To Apply for Gopal Snacks Ltd IPO?
Here are the steps to apply for Gopal Snacks Ltd IPO:
Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
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