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₹ 14837 / 37 shares

IPO Details

RHP/DRHP

Issue 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

-12.47%

Start date

End date

Allotment of bids

Refund Initiation

Listing on exchange

WATCH AND LEARN
All you need to know about Gopal Snacks Ltd IPO
Tune in to know more about the company, IPO issue details, product/service portfolio and get insights into their business model, future plans, and IPO rationale in the exclusive conversation with eminent member of Gopal Snacks Ltd.
Gopal Snacks IPO Review

Gopal Snacks IPO Review

Kotak Securities

03m 17s

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.

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.

  • The company is significantly dependent on the sale of select products namely, namkeen, gathiya and snack pellets.

  • The sale of products is concentrated in the core market of Gujarat.

  • 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.

  • Enhance presence in the core market of Gujarat.

  • Accelerate expansion in focussed markets.

  • Continue to launch new products, expand wallet share with consumers and grow consumer base.

Here are the key financials for Gopal Snacks Limited:

Particulars (in Rs. million)

Particulars (in Rs. million)

WHAT ARE YOU LOOKING FOR?
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Here's a video playlist to help you invest in the upcoming Gopal Snacks Limited IPO
How to apply for IPO through ASBA

How to apply for IPO through ASBA

Kotak Securities

04m 01s

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.

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

Gopal Snacks Ltd IPO will list on 2024-03-14.

650.30 is the issue size of Gopal Snacks Ltd IPO.

The minimum lot size is 37 shares and the investment required is ₹14837.

The price band of Gopal Snacks Ltd IPO is ₹381 to ₹401.

You can read more about Gopal Snacks Ltd and its IPO from the company’s red herring prospectus (RHP) here.

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.

Link Intime India Private Limited is the registrar for this IPO.

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