Gopal Snacks Limited IPO closesCheck latest GMP, subscription

The going public (IPO) of Gopal Snacks Limited closed on Monday, March 11, 2024, seeing a total membership of 9.50 times.

The Rs 650 crore IPO, opened for public membership on Wednesday, March 6, 2024. It amassed quotes for 10,80,83,438 shares out of the 1,13,81,955 shares available.

Breaking down the membership figures, the general public problem was subscribed 4.22 times in the retail classification, 18.42 times in the Qualified Institutional Buyer (QIB) classification, and 10.00 times in the Non-Institutional Investor (NII) classification.

Gopal Snacks Limited set the cost variety for its equity shares at Rs 381 to Rs 401 each, with a stated value of Rs 1 per share.

Newest GMP for Gopal Snacks IPO

The Grey Market Premium (GMP) for Gopal Snacks IPO is presently standing at Rs 14.

Thinking about the rate band of Rs 401, the approximated listing rate for the IPO is expected to be Rs 415 (cap cost + today’s GMP), suggesting a forecasted gain/loss per share of 3.49 percent.

Allocation and listing information

Allocation for Gopal Snacks Limited IPO is anticipated to be finished by Tuesday, March 12, 2024.

The IPO is set up to be noted on both the BSE and NSE, with a tentative listing date set for Thursday, March 14, 2024.

The book running lead supervisors for the IPO are Intensive Fiscal Services Private Limited, Axis Capital Limited, and JM Financial Limited, with Link Intime India Private Limited functioning as the Registrar to the Offer.

Gopal Snacks business introduction

Developed at first as a collaboration company in 1999, Gopal Snacks Limited progressed into a full-fledged business in 2009. The business holds a considerable position in the fast-moving durable goods sector, specialising in a series of treats under its brand name ‘Gopal’, dealing with varied tastes.

Since September 30, 2023, the business boasted an item portfolio of 84 products throughout 276 SKUs, reaching customers through 523 places in 10 states and 2 Union Territories. Their substantial circulation network consists of 3 depots, 617 suppliers, and a sales and marketing group of 741 staff members.

Running 6 production centers throughout India, with main ones found in Rajkot, Modasa (Gujarat), and Nagpur (Maharashtra), Gopal Snacks Limited is fully equipped to satisfy the need for its items.