Gopal Namkeen IPO price band is set at Rs. 381 to Rs. 401 per share. Its open today on March 6, 2024 and closes on March 11, 2024.
Gopal Snacks IPO Good or Bad: Gopal Snacks Limited is an FMCG company that deals in ethnic and Western snacks, and other products in India and internationally.
The company offers a variety of snack products including ethnic snacks like namkeen and gathiya, as well as western snacks such as wafers, extruded snacks, and snack pellets. They also provide fast-moving consumer goods such as papad, spices, gram flour or besan, noodles, rusk, and soan papdi.
Gopal Namkeen IPO Details
| IPO Name | Gopal Snacks Limited |
| IPO Date | March 6, 2024 to March 11, 2024 |
| Listing Date | Thursday, March 14, 2024 |
| Face Value | Rs. 1 per share |
| Price Band | Rs. 381 to Rs. 401 per share |
| Lot Size | Lot Size 37 Shares |
| Total Issue Size | 16,209,476 shares (aggregating up to Rs. 650.00 Cr) |
| Offer for Sale | 16,209,476 shares of Rs. 1 (aggregating up to Rs. 650.00 Cr) |
| Employee Discount | Rs 38 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 124,604,370 |
| Share Holding Post Issue | 124,604,370 |
Gopal Snacks IPO Good or Bad
Gopal Namkeen IPO Review
Dilip Davda: The company is one of the largest and prominent FMCG company mainly in namkeen and other ready to eat packaged foods. It has posted growth in its top and bottom lines despite declining capacity utilization, indicating its scaling margins with economical consumer packs. Based on FY24 annualized earnings, the issue appears full priced. Investors may park funds for the medium to long term rewards.
Gopal Snacks IPO Price
Gopal Namkeen IPO is fixed price at Rs. 381 to Rs. 401 per share.
Gopal Snacks IPO Subscription Status
The IPO have subscription will open on March 6, 2024 and close on March 11, 2024.
Gopal Snacks IPO GMP
Gopal Snacks IPO last GMP is Rs. 50, with the price band of 401.00, Gopal Snacks IPO’s estimated listing price is Rs. 451 (cap price + today’s GMP).
Gopal Snacks IPO Lot Size
Gopal Snacks IPO minimum lot size for an application is 37 Shares. The minimum amount of investment required by retail investors is Rs 14,837.
Gopal Snacks IPO Allotment Status
The Gopal Namkeen IPO allotment is expected to be finalized on Tuesday, March 12, 2024. The IPO will list on BSE, NSE and listing on Thursday, March 14, 2024.
Gopal Snacks IPO Listing Dates
- IPO Open Date: Wednesday, March 6, 2024
- IPO Close Date: Monday, March 11, 2024
- Basis of Allotment: Tuesday, March 12, 2024
- Initiation of Refunds: Wednesday, March 13, 2024
- Credit of Shares to Demat: Wednesday, March 13, 2024
- Listing Date: Thursday, March 14, 2024
Gopal Namkeen IPO Promoter
- Bipinbhai Vithalbhai Hadvani
- Dakshaben Bipinbhai Hadvani
- Gopal Agriproducts
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