02-Mar-2024
2 mins read
Gopal Snacks Limited popularly known as Gopal Namkeen is coming up with the IPO. This initial public offer is open for subscription from Wednesday, March 6, 2024, and will close on Monday, March 11, 2024. The price is decided at Rs 381 to Rs 401 per share. The minimum lot size of this application for the retail category is 37 shares. The minimum lot size for small non-institutional investors is 14 lots consisting of 518 shares. Meanwhile, the minimum lot for big non-institutional investors is 68 lots with 2516 shares. The minimum investment required for retail category investors is Rs 14,837 ( 401 x 37 shares). However, for small non-institutional investors, the minimum investment amount required is Rs 2,07,718 ( 401 x 518 shares); for big non-institutional investors, it is Rs 10,08,916 (401 x 2516 shares). Gopal Snacks Limited IPO is a book-built issue of Rs 650 crores. The issue is fully an offer for sale of 1.62 crore shares. The allotment for this IPO is expected to be finalised on Tuesday, March 12, 2024. Gopal Snacks Limited IPO will be listed on both BSE and NSE, and the listing date is fixed on Thursday, March 14, 2024. The book-running lead managers of Gopal Snacks Limited are Intensive Fiscal Services Private Limited, Axis Capital Limited, JM Financials Limited. The registrar for this IPO is Link Intime India Private Limited.
Gopal Snacks Limited Company Information
Gopal Snacks Limited was founded in 1999, is an FMCG company that deals in Western and Ethnic snacks. The company offers a variety of snack products including western snacks like wafers, extruded snacks and snack pellets. The ethnic snacks like namkeen and gathiya are also included. Company is also providing fast moving consumer goods such as papad, spices, Noodles, Besan, Soan papdi. Gopal Snacks has six manufacturing units out of which three are primary manufacturing units and other three are ancillary manufacturing units. Company’s primary manufacturing units are located in Nagpur, Maharashtra, Rajkot, Gujarat and two ancillary manufacturing units are located in Gujarat and other one is in Madosa, Gujarat. Company had 276 SKUs along with 84 products from different categories, catering to various tastes and preferences. The company had sold its products to over 523 locations across different states and two union territories.
Objectives of Gopal Snacks Limited Public Offer
As discussed in the above paragraph, the issue is entirely an offer for sale of 1.62 crore equity shares. So, the company will not receive any funds. The funds will be received by the shareholders, who are liquidating their shares in the market.
Financials of Gopal Snacks Limited (Amt in Rs Crore)
Gopal Snacks reported a revenue of Rs 677.97 crore and net profit of 55.57 crore for the period ending on 30 September 2023. Whereas, the company reported a revenue of Rs 1,398.54 crore and net profit of Rs 112.37 crores for the period ending on 31 march 2023. The revenue increased by 3.1% and profit after tax increased by 170.52% between the FY ending with 31 march 2023 and 31 march 2022.
| Period Ended | 30-Sep-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 434.54 | 461.28 | 399.72 | 341.89 |
| Revenue | 677.97 | 1,398.54 | 1,356.48 | 1,129.84 |
| Profit After Tax | 55.57 | 112.37 | 41.54 | 21.12 |
| Net Worth | 346.1 | 290.88 | 177.66 | 135.74 |
| Reserves and Surplus | 333.17 | 277.6 | 176.56 | 135.03 |
| Total Borrowing | 26.05 | 106.37 | 164.12 | 138.99 |
Other Important Details of Gopal Snacks Limited IPO
| IPO Date | March 6, 2024 to March 11, 2024 |
| Listing Date | 14-Mar-24 |
| Face Value | Rs 1 per share |
| Price Band | Rs 381 to Rs 401 per share |
| Lot Size | 37 Shares |
| Total Issue Size | 16,209,476 shares |
| amounting to Rs 650 crore | |
| Offer for Sale | 16,209,476 shares of Rs 1 |
| amounting to Rs 650 crore | |
| Employee Discount | Rs 38 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 124,604,370 |
| Shareholding post issue | 124,604,370 |
Time-Table of Gopal Snacks Limited IPO
| IPO Open Date | Wednesday, March 6, 2024 |
| IPO Close Date | Monday, March 11, 2024 |
| Basis of Allotment | Tuesday, March 12, 2024 |
| Initiation of Refunds | Wednesday, March 13, 2024 |
| Credit of Shares to Demat | Wednesday, March 13, 2024 |
| Listing Date | Thursday, March 14, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 11, 2024 |
Lot Size of Gopal Snacks Limited IPO
| Application | Lots | Shares | Amount |
| Retail – minimum | 1 | 37 | Rs 14,837 |
| Retail – maximum | 13 | 481 | Rs 192,881 |
| S-HNI – minimum | 14 | 518 | Rs 207,718 |
| S-HNI – maximum | 67 | 2,479 | Rs 994,079 |
| B-HNI – minimum | 68 | 2,516 | Rs 1,008,916 |
IPO Reservation of Gopal Snacks Limited
| Investor Category | Shares Offered |
| QIB Shares | Not more than 50 percent of the Issue |
| Retail Shares | Not less than 35 percent of the Issue |
| NII (HNI) Shares | Not less than 15 percent of the Issue |
Promoters of Gopal Snacks Limited and Their Holdings
The promoters of Gopal Snacks company are Bipinbhai Vithalbhai Hadvani, Dakshaben Bipinbhai Hadvani and Gopal Agriproducts.
| Shareholding Pre Issue | 93.50 percent |
| Shareholding Post Issue | – |
Key Performance Indicator of Gopal Snacks Limited IPO
| KPI | Values |
| ROE | 16.05% |
| ROCE | 20.83% |
| Debt/Equity | 0.08 |
| RoNW | 16.05% |
| P/BV | 14.43 |
| PAT Margin | 8.22% |
EPS and P/E Ratio Post IPO
| Pre IPO | Post IPO | |
| EPS (Rs) | 9.02 | 8.92 |
| P/E (x) | 44.77 | 44.96 |
Lead Manager(s) of Gopal Snacks Limited IPO
The lead manager for Gopal Snacks Limited IPO is Intensive Fiscal Services Private Limited, Axis Capital Limited, JM Financials Limited.
How do you apply for the Gopal Snacks Limited IPO?
Wait for the public issue to open for subscription, then visit Bigul website to apply for the Gopal Snacks Limited IPO with Bigul.
How do you check the allotment status of Gopal Snacks Limited IPO?
The registrar for Gopal Snacks Limited IPO is Link Intime India Private Limited. To check your allotment status, please click here.
FAQs
- What is Gopal Snacks Limited IPO 2024?
Gopal Snacks Limited IPO is a book-built issue of Rs 650 crores. The issue is fully an offer for sale of 1.62 crore shares. The allotment for this IPO is expected to be finalised on Tuesday, March 12, 2024. This initial public offer is open for subscription from Wednesday, March 6, 2024, and will close on Monday, March 11, 2024. The price is decided at Rs 381 to Rs 401 per share.
- Who are the lead managers for the Gopal Snacks Limited IPO?
Intensive Fiscal Services Private Limited, Axis Capital Limited, JM Financials Limited are appointed as the lead managers for the IPO.
- What is the role of Link Intime India Private in this IPO?
Link Intime India Private Limited is the registrar for Gopal Snacks Limited, handling the IPO’s administrative aspects.
- How can I apply for the Gopal Snacks Limited IPO?
The public subscription of this IPO will open on March 6, 2024. Visit the Bigul website for the application process.
- How will the net proceeds from the IPO be utilised?
The issue is entirely an offer for sale of 1.62 crore equity shares. So, the company will not receive any funds. The funds will be received by the shareholders, who are liquidating their shares in the market.
- How can I check the allotment status of the IPO?
Investors can check the allotment status of the Gopal Snacks Limited IPO 2024 by visiting here.
- What is the financial performance of Gopal Snacks Limited?
Gopal Snacks reported a revenue of Rs 677.97 crore and net profit of 55.57 crore for the period ending on 30 September 2023. Whereas, the company reported a revenue of Rs 1,398.54 crore and net profit of Rs 112.37 crores for the period ending on 31 march 2023.