Gopal Snacks IPO to opens for subscription : check issue date, price, lot size & more

Incorporated in 2009, Gopal Snacks 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.

The company’s portfolio includes 84 products with 276 SKUs as of 30 September 2023 across various product categories, addressing various tastes and preferences. It has a wide distribution network comprising three depots and 617 distributors. The company also relies on ecommerce, modern trade and exports for the sale of our products.

It operates six manufacturing facilities across Gujarat and Maharashtra with an aggregate annual installed capacity of 404,728.76 MT. Between FY21 and FY23, the company saw a CAGR rise of over 7% in its revenue from operations and 74% 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.

Gopal Snacks plans to raise ₹650 crore through the IPO. The public offer is entirely offer for sale. The price band for the issue has been fixed at ₹381 – ₹401 per share. Lot size for this IPO is 37 equity shares, investors can bid in multiples of 37 shares.

To know more and pre-apply for this IPO, click here