About Gopal Snacks LimitedIncorporated in 2009, Gopal Snacks Limited is a fast moving consumer goods (FMCG) company in India offering ethnic and western snacks, including namkeen, gathiya, wafers and other products under the ‘Gopal’ brand name across ten states and two union territories. As per reports, the company holds a market share of 20% in ethnic savouries, ~8% in western snacks and ~6% in the papad in Gujarat as of FY23, including organised and unorganised sectors. Its portfolio includes 84 products with 276 SKUs as of 30 September 2023 across various product categories addressing various tastes and preferences. It operates six manufacturing facilities across Gujarat and Maharashtra with an aggregate annual installed capacity of 404,728.76 MT. Besides this, Gopal Snacks also engages with third party manufacturers on a need basis to produce products such as chikki, nachos, noodles, rusk, soan papdi. The end products are delivered through its distribution network, comprising three depots, 617 distributors, a sales and marketing team of 741 employees, and a fleet of 263 logistics vehicles as of Q2 FY24. Between FY21 and FY23, the company saw a CAGR rise of over 7% in its revenue from operations and 74% in its profit. Between Q2 FY23 and Q2 FY24, it saw a CAGR drop of 3% in its revenue from operations and a CAGR rise of 6% in its profit. Moreover, the Indian market for savoury snacks is projected to grow at a CAGR of approximately 11% by FY27, which could benefit the company. And now, Gopal Snacks Limited is coming out with its initial public offer (IPO). The IPO will be an offer for sale and the money raised will be received by the selling shareholders. Its shares will be listed on the NSE and BSE. Here are key details about the Gopal Snacks Limited IPO:
Financial snapshot
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Here’s a quick look at Gopal Snacks Limited IPO’s strengths, weakness, opportunities and risks (SWOT analysis)Strengths and opportunities
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Gopal Snacks Limited IPO details|Gopal Snacks Limited IPO dateAccording to the offer document filed by the company with the SEBI, the Gopal Snacks IPO’s opening date – in other words, the Gopal Snacks IPO launch date – will be 6th March 2024. The Gopal Snacks IPO closing date is 11th March 2024. After this, investors will be updated about the allotment status on 12th March 2024. Investors, who have been allotted shares, can expect them to be credited to their demat account on 13th March 2024. The Gopal Snacks IPO listing date is 14th March 2024. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. |Gopal Snacks Limited IPO Price BandThe IPO is an offer. The Gopal Snacks IPO price band has been set between ₹381 and ₹401 per share. Interested investors can choose a price within this band to apply for the IPO. The Gopal Snacks IPO listing price will be determined on 14th March 2024. The listing price is the price at which a company’s shares debut on the stock exchanges. |Gopal Snacks Limited IPO Lot size The Gopal Snacks IPO details have been declared. The Gopal Snacks IPO lot size is set at 37 shares and an investor can apply for a minimum of 1 lot. Meanwhile, the Gopal Snacks IPO issue size is approx ₹650 crore. |
How to pre-apply for the Gopal Snacks Limited IPO?You can pre-apply for the Gopal Snacks Limited IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription. Follow these steps to pre-apply for the IPO:
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How to apply for the Gopal Snacks Limited IPO?If you are interested in this investment opportunity but unsure how to apply for the Gopal Snacks Limited IPO, here we are listing out the steps for you. When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Gopal Snacks Limited IPO on Upstox:
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How to check the Gopal Snacks LimitedIPO allotment status?When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes. Here’s a step-by-step guide on how to check the Gopal Snacks Limited IPO allotment status:
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Open a demat account with Upstox to apply for the Gopal Snacks Limited IPOTo apply for the Gopal Snacks Limited IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app. Here is a step-by-step guide on how to open a demat account with Upstox:
This is all it takes to open a demat account with Upstox. Easy and quick, right?
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Upstox – trading app to apply for the Gopal Snacks Limited IPOApplying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India. You can apply for the Gopal Snacks Limited IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero. In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy. |
Pre-applying for the Gopal Snacks IPO means applying for this public issue before it goes live. Click here to pre-apply for the Gopal Snacks IPO on Upstox.
You can pre-apply for the Gopal Snacks IPO from 05 March 2024. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the Gopal Snacks IPO opens for the subscription.
The Gopal Snacks IPO launch date is 6th March 2024. The Gopal Snacks IPO will be open for subscription till 11th March 2024.
The Gopal Snacks lot size is 37 shares and the minimum investment required is ₹14,837.
The Gopal Snacks IPO price band is ₹381 – ₹401 per share.
The size of the Gopal Snacks IPO is approx. ₹650 crore.
You can place up to three bids for an application.
No, the bids have to be placed in one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
If shares are allotted, then they will be credited to your demat account on 13th March 2024.
Gopal Snacks shares will be on BSE.
Gopal Snacks shares’ listing date is 14th March 2024.