Gopal Snacks IPO GMP – Open and Close Date, Reservation and How to Apply?

The Gopal Snacks IPO, valued at Rs 650.00 crores, is a book-built offering consisting solely of an offer for sale. Subscription for the IPO commences on March 5, 2024, and concludes on March 7, 2024.

Gopal Snacks IPO GMP

The Grey Market Premium (GMP) for the Gopal Snacks IPO is not yet available. The IPO opens for subscription on March 5, 2024, and the GMP usually emerges closer to the opening date.

IPO Date March 5, 2024 to March 7, 2024
Face Value ₹1 per share
Total Issue Size [.] shares (aggregating up to ₹650.00 Cr)
Offer for Sale [.] shares of ₹1 (aggregating up to ₹650.00 Cr)
Issue Type Book Built Issue
Listing At BSE, NSE
Shareholding pre issue 124,604,370
Shareholding post issue 124,604,370

Gopal Snacks IPO, valued at Rs 650.00 crores, is an offer-for-sale through a book-built issue. Subscription runs from March 5 to March 7, 2024. Allotment is expected by March 11, and the IPO will list on BSE and NSE around March 13, 2024.

Gopal Snacks IPO Reservation

Gopal Snacks IPO allocates shares based on different investor categories, ensuring wider participation and distribution.

  • QIB (Qualified Institutional Buyers): Offered not more than 50% of the Net Issue Size. This category includes institutional investors like banks, insurance companies, and mutual funds.
  • Retail Individual Investors (RIIs): Offers not less than 35% of the Net Issue Size. This category caters to individual investors like you and me.
  • NII (Non-Institutional Investors): Offers not less than 15% of the Net Issue Size. This category includes high net-worth individuals (HNIs) who don’t fall under the QIB category.

Gopal Snacks IPO Tentative Timeline

Key dates to remember for the Gopal Snacks IPO:

  • IPO Open Date: Tuesday, March 5, 2024
  • IPO Close Date: Thursday, March 7, 2024
  • Basis of Allotment: Monday, March 11, 2024
  • Initiation of Refunds: Tuesday, March 12, 2024
  • Credit of Shares to Demat: Tuesday, March 12, 2024
  • Listing Date: Wednesday, March 13, 2024 (Tentative)
  • Cut-off time for UPI mandate confirmation: 5 PM on March 7, 2024

Gopal Snacks IPO GMP

Gopal Snacks IPO Promoter Holding

Gopal Snacks’ promoters consist of individuals and an entity:

  • Bipinbhai Vithalbhai Hadvani
  • Dakshaben Bipinbhai Hadvani
  • Gopal Agriproducts

Pre-IPO Shareholding:

  • These promoters, collectively, held 93.50% of the company’s shares before the IPO.

Post-IPO Shareholding:

  • The company has not disclosed any plans for the promoters to dilute their holding through the IPO. Therefore, it is expected that the promoters’ shareholding will remain at 93.50% even after the IPO.

Gopal Snacks Limited Financial Information (Restated)

Period Ended 30 Sep 2023 31 Mar 2023 31 Mar 2022 31 Mar 2021
Assets (₹ Cr) 434.54 461.28 399.72 341.89
Revenue (₹ Cr) 677.97 1,398.54 1,356.48 1,129.84
Profit After Tax (PAT) (₹ Cr) 55.57 112.37 41.54 21.12
Net Worth (₹ Cr) 346.10 290.88 177.66 135.74
Reserves and Surplus (₹ Cr) 333.17 277.60 176.53 134.61
Total Borrowing (₹ Cr) 26.05 106.37 164.12 138.99

Financial Highlights:

  • Revenue: Gopal Snacks Limited’s revenue increased by 3.1% from ₹1,356.48 Cr in FY 2021-22 to ₹1,398.54 Cr in FY 2022-23.
  • Profit After Tax (PAT): The company’s PAT witnessed a significant jump of 170.52%, rising from ₹41.54 Cr in FY 2021-22 to ₹112.37 Cr in FY 2022-23.
  • Net Worth and Reserves: Both Net Worth and Reserves and Surplus have shown steady growth over the past two years.
  • Total Borrowing: The company’s total borrowing has increased from ₹138.99 Cr in FY 2020-21 to ₹106.37 Cr in FY 2022-23.

How to apply for the Gopal Snacks IPO?

Gopal Snacks Limited is set to launch its IPO on March 5, 2024. Detailed guide on applying for the IPO:

Eligibility:

  • You must be a resident of India and hold a valid Demat account and PAN card.
  • Different investor categories have different eligibility criteria. Check the IPO prospectus for details.
  • Ensure your Demat account is active: You need an active Demat account to hold and trade shares.

Applying through your Broker:

  • This is the recommended method if you have a Demat account with a broker.
  • Log in to your broker’s online platform or mobile application.
  • Locate the IPO section and search for the Gopal Snacks IPO.
  • Enter the number of shares you wish to apply for and the price (if the price band is announced).
  • Select your payment method (usually ASBA or UPI).
  • Review and submit your application.
  • You will receive a confirmation message and might need to approve a UPI mandate for blocking funds.

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