₹ 14837 / 37 shares
IPO Details
RHP/DRHPIssue Date
06 Mar - 11 Mar'24
Investment/lot
₹ 14837
Price Range
381 - 401
Lot Size
37
IPO Size
₹ 650.30 Cr
IPO Listing Details
Listing On
14 Mar'24
Issue Price
401
Listed Price
₹ 351
Retail Gain/Listing Gain
â–¼-12.47%
IPO Timeline
Gopal Snacks IPO Review
Kotak Securities
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Exclusive conversation about Gopal Snacks Limited IPO
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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:
Particulars (in Rs. million)
Particulars (in Rs. million)
How to apply for IPO through ASBA
Kotak Securities
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How to apply for an IPO using UPI
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Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any IPO.
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.
Gopal Snacks Ltd IPO FAQs
When is Gopal Snacks Ltd IPO listing date?
Gopal Snacks Ltd IPO will list on 2024-03-14.
What is the issue size of Gopal Snacks Ltd IPO?
650.30 is the issue size of Gopal Snacks Ltd IPO.
What is the minimum lot size required for Gopal Snacks Ltd IPO?
The minimum lot size is 37 shares and the investment required is ₹14837.
What is the price band of the Gopal Snacks Ltd IPO?
The price band of Gopal Snacks Ltd IPO is ₹381 to ₹401.
Where can I read more about Gopal Snacks Ltd business?
You can read more about Gopal Snacks Ltd and its IPO from the company’s red herring prospectus (RHP) here.
What is the Gopal Snacks Limited IPO?
The Gopal Snacks Limited IPO has an issue size of Rs. 650 crores. The IPO opens for subscription on 6th March 2024 and closes on 11th March 2024.
Who is the Registrar for Gopal Snacks Limited IPO?
Link Intime India Private Limited is the registrar for this IPO.
