Gopal Snacks IPO: Open/Close Date, Price, Lot Size, Allotment, Subscription

IPO Details

Bidding Dates

05 Mar '24 - 10 Mar '24

Minimum Investment

₹14,837 / 1 Lot ( 37 Shares )

Price Range

₹381 - ₹401

Maximum Investment

₹192,881 / 13 Lots ( 481 Shares )

Retail Discount

Not Applicable

Issue Size

₹650.00 Cr

Investor category and sub category

Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |

IPO Dates

Important dates with respect to IPO allotment and listing

Opening Date

Mar 5, 2024

Closing Date

Mar 10, 2024

Basis of Allotment

Mar 11, 2024

Initiation of Refunds

Mar 12, 2024

Credit of Shares to Demat

Mar 12, 2024

Listing Date

Mar 13, 2024

Cut-off time for UPI mandate confirmation

Mar 10, 2024

IPO Subscription Details

Date	QIB	NII	Retail	EMP	Total
Day 1Mar 5, 2024	0.00X	0.48X	0.91X	1.70X	0.57X
Day 2Mar 6, 2024	0.00X	0.78X	1.26X	2.21X	0.81X

IPO Subscription Status Live

Investor Category	Subscription (Times)
Qualified Institutional Buyers	11.63
Non-Institutional Buyers	6.86
Retail Investors	3.78
EMP	6.36
Total	6.68

About Gopal Snacks Ltd

Gopal Snacks is an FMCG company in India offering ethnic, western, and other products across India and internationally. In FY 2023, they were the fourth largest brand in the organised sector of ethnic savouries. Their product portfolio comprised 84 products with 276 SKUs across various product categories, addressing various tastes and preferences.

Their distribution network comprised 3 depots and 617 distributors, complemented by a sales and marketing team of over 700 employees. They rely on channels such as e-commerce, trade and exports. Their modern distribution management system helps them coordinate with distributors, as well as track inventory levels and distributor sales and thus make data-driven decisions.

They operate six manufacturing facilities comprising three primary manufacturing facilities and three ancillary manufacturing facilities. The three primary manufacturing facilities focus on the manufacturing of finished products. The three ancillary manufacturing facilities focus on producing besan or gram flour, raw snack pellets, seasoning and spices, which are primarily used for captive consumption in the manufacturing of finished products such as gathiya, namkeen and snack pellets.

The Indian organised ethnic savoury market is expected to grow at a CAGR of 8.78% ₹294 billion in FY 2023 to FY 2027. In the same period, the Indian organised western snacks market is expected to expand at a CAGR of 9.62% to ₹410 billion. Investing in an organised player in such growing sectors may help in growing your capital.

Gopal Snacks Ltd IPO Details

Gopal Snacks Ltd IPO Dates

Gopal Snacks IPO will be opened on March 6, 2024 and closed on March 11, 2024. The IPO will be listed on BSE and NSE.

Gopal Snacks Ltd IPO Price Band

Gopal Snacks is a book-built IPO of up to 16,209,476 equity shares. The price of the IPO is ₹381-₹401 per equity share.

Gopal Snacks Ltd IPO Lot Size

The Gopal Snacks Ltd IPO lot size is 37 shares.

Gopal Snacks Ltd IPO Objectives

The IPO is purely an offer for sale meant to give the existing shareholders an exit.

Peer Details

The following is a listed peer company of Gopal Snacks in India:

Bikaji Foods International Limited
Prataap Snacks Limited

How To Check the Allotment Status of the Gopal Snacks Ltd IPO?

Steps to check IPO allotment status on Angel One’s app:

Log in to the Angel One app.
Go to the IPO Section and then to IPO Orders.
Select the individual IPO that you had applied for and check the allotment status.
Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of Gopal Snacks Ltd

Registered office: Plot Nos. G2322, G2323 and G2324, GIDC Metoda, Taluka Lodhika, Rajkot - 360 021, Gujarat, India.

Phone: +91 28 2728 7370

E-mail: cs@gopalsnacks.com

IPO Financials

Particulars	Period Ending on September 30, 2023	Year ending on March 31, 2023	Year ending on March 31, 2022	Year ending on March 31, 2021
Total Income	6,779.73	13,985.38	13,564.75	11,298.41
Profit After Tax	555.65	1,123.69	415.38	211.22
Return on Capital Employed	20.83%	43.08%	18.69%	13.48%
Debt to Equity Ratio	0.08	0.37	0.92	1.02
Current Ratio	3.79	2.13	1.14	1.15

Know before investing

Strengths

They offer a diverse selection of quality products that strive to capture the Indian taste under the “Gopal” brand.
Most of their SKUs are in the price range of ₹10 to ₹5 which makes it attractive to the larger consumer base in India.

Risks

They are significantly dependent on the sale of namkeen, gathiya and snack pellets. Their aggregate revenue from sale of namkeen, gathiya and snack pellets accounted for 88.96%, 85.25%, and 81.66% of their revenue from operations in Fiscal 2021, 2022, and 2023 respectively. This represents a significant concentration of revenue sources which may be risky.
The sale of their products is concentrated in Gujarat. In Fiscal 2021, 2022 and 2023, their revenue from the sale of products in Gujarat accounted for 74.31%, 76.27%, and 79.08% of their revenue from operations, respectively. This also poses another risk of concentration of revenue sources.