Gopal Snacks Limited’s 650 Crore IPO Opens for Subscription on March 6, 2024: Know Details
Gopal Snacks Limited, a prominent player in Gujarat’s snacks industry, is introducing its Initial Public Offering (IPO). The IPO, valued at 650 crore rupees, commences on March 6 and concludes on March 11. The company has not yet announced the pricing details for the IPO. However, it is anticipated that the pricing bands will be disclosed shortly.
Gopal Snacks Limited, a significant entity in the FMCG sector, operates primarily from its headquarters in Rajkot. As the IPO subscription window opens, investors are poised to participate in the growth journey of this renowned snacks manufacturer.
Gopal Snacks Limited’s 650 Crore Rupees IPO
According to available information, Gopal Snacks Limited’s IPO is sized at 650 crore rupees. The IPO opens on March 6 and investors can place their bids until March 11.
Successful investors will receive allotments by March 12, while the refund process is scheduled for March 13. The company’s shares are set to be listed on the stock market by March 14. This IPO encompasses an offer for sale of all available shares.
IPO Details and Quotas for Gopal Snacks Limited
Gopal Snacks Limited’s upcoming IPO has allocated a 50% quota for Qualified Institutional Buyers (QIBs), while Retail Investors are allotted a 35% quota. Additionally, High Net Worth Individuals (HNIs) have a 15% quota reserved for them. The company’s shares will be listed on both the BSE and NSE stock exchanges, with a face value of 1 rupee per share. Notably, Gopal Snacks Limited is an FMCG company established in 1999.
Promoters of Gopal Snacks Limited
The promoters of Gopal Snacks Limited are Bipinbhai Vithalbhai Hadavani, Dakshaben Bipinbhai Hadavani, and Gopal Agriproducts. Currently, the promoters collectively own 93.50% of the company.
Following the IPO, there will be a reduction in the promoters’ shareholding in the company. Gopal Snacks sells its products across 10 states and two union territories, operating from a total of 523 locations. The company offers a total of 84 products across various categories.
