Gopal Snacks IPO
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Check IPO Date, Lot Size, Price & Details
Overview of Gopal Snacks IPO
IPO Date
6-Mar-2024 to 11-Mar-2024
Face Value
₹1 per share
Price Band
₹381 to ₹401
Lot Size
37 Share
Issue Size
16,209,476 shares (aggregating up to ₹650.00 Cr)
Listing At
BSE, NSE
Basis of Allotment
12-Mar-2024
Initiation of Refunds
13-Mar-2024
Credit of Shares to Demat
13-Mar-2024
Listing Date
14-Mar-2024
Cut off time for UPI Mandate
11-Mar-2024
Objective of Gopal Snacks IPO
The company will not receive any proceeds from the OFS as the selling shareholders will receive all the proceeds. Gopal Snacks is a mainboard IPO with a book-built issue of ₹650 crores. The issue is a complete offer-for-sale of 1.62 crore shares. The IPO will open from 6th March, 2024 to 11th March, 2024. The allotment is expected to be done on 12th March, 2024, and it will list on BSE, NSE with tentative listing date on 14th March, 2024. The price band is ₹381 to ₹401 per share, with a minimum lot size of 37 shares and a minimum investment amount of ₹14,837. The book running lead managers are Intensive Fiscal Services, Axis Capital and JM Financial. Link Intime India is the registrar for the issue.
About Gopal Snacks IPO
Established in 1999 as a partnership firm and subsequently incorporated as a company in 2009, Gopal Snacks is in the FMCG business, offering ethnic snacks, western snacks and other products in 10 states and 2 UTs in India. The company offers a wide variety of savoury products under the brand ‘Gopal’, including ethnic snacks such as namkeen and gathiya, western snacks such as wafers, extruded snacks and snack pellets, along with other goods like papad, spices, gram flour or besan, noodles, rusk and soan papdi. It sells its products on channels such as ecommerce, modern trade and exports. In H1FY24, the product portfolio comprised of 84 products with 276 SKUs across various product categories. As on the date of the RHP, the company had 6 manufacturing and 3 ancillary manufacturing facilities, mostly in Gujarat.
Gopal Snacks IPO Financials
Particulars (in Cr) | H1FY24 | FY23 | FY22 | FY21 |
---|---|---|---|---|
Total Revenue Annual | 676 | 1,395 | 1,352 | 1,129 |
Operating Expenses Annual | 582 | 1,198 | 1,257 | 1,069 |
Operating Profit Annual | 94 | 196 | 95 | 60 |
Depreciation | 17 | 37 | 31 | 24 |
Interest Annual | 4 | 11 | 14 | 11 |
Tax Annual | 19 | 39 | 13 | 5 |
Net Profit Annual | 56 | 112 | 42 | 21 |
Total Share Holder Funds | 346 | 291 | 178 | 136 |
Fixed Asset Annual | 219 | 220 | 197 | 158 |
Total Non Current Asset | 249 | 255 | 266 | 221 |
Total Current Asset | 185 | 206 | 134 | 121 |
Total Asset Annual | 435 | 461 | 400 | 342 |
Book Value Per Share | ₹28 | ₹23 | ₹14 | ₹11 |
ROE | 16% | 39% | 23% | 16% |
ROCE | 21% | 40% | 19% | 13% |
Total Debt To Total Equity | 0.08 | 0.37 | 0.92 | 1.02 |
EBIDTA | 14% | 14% | 7% | 5% |
Cash From Operating | 68 | 122 | 59 | 22 |
Cash From Investing | -11 | -25 | -74 | -76 |
Cash From Finance | -84 | -69 | 12 | 58 |
Net Cash Flow | -27 | 28 | -4 | 4 |
Promoter's Holding
Total Share Capital
-
Offered to Public
-
Promoter’s Holding(Pre-Issue)
93.50%
Promoter’s Holding(Post-Issue)
-
Gopal Namkeen IPO is a main-board IPO of 16,209,476 equity shares of the face value of ₹1 aggregating up to ₹650.00 Crores. The issue is priced at ₹381 to ₹401 per share. The minimum order quantity is 37 Shares.
The IPO opens on March 6, 2024, and closes on March 11, 2024.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Gopal Namkeen IPO opens on March 6, 2024 and closes on March 11, 2024.
Gopal Namkeen IPO lot size is 37 Shares, and the minimum amount required is ₹14,837.
The Gopal Namkeen IPO listing date is not yet announced. The tentative date of Gopal Namkeen IPO listing is Thursday, March 14, 2024.
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