The initial public offering (IPO) of Gopal Snacks will open for subscription on Wednesday. The issue closes on March 11. Through the public offer, the company plans to raise around Rs 650 crore. Here are 10 things to know about Gopal Snacks IPO before subscribing to the issue.

1) What is the business overview of Gopal Snacks?

Gopal Snacks a fast-moving consumer goods (FMCG) company in India with a major presence in Gujarat, offering a wide variety of savoury products under its brand ‘Gopal’, including ethnic snacks such as namkeen and gathiya, western snacks such as wafers, snack pellets and extruder snacks.

As of September 2023, its product portfolio comprised 84 products with 276 SKUs across our various product categories. The company operates six manufacturing facilities comprising three primary manufacturing facilities and three ancillary manufacturing facilities in India.

2) What is the industry overview of Gopal Snacks?

The Indian packaged food industry was valued at Rs 2.97 lakh crore in 2018 and stood at Rs 4.62 lakh crore billion in 2023 and
would reach a market value of Rs 6.7 lakh crore by 2027, according to F&S Report. The Indian market for savoury snacks including western snacks and ethnic savouries (including gathiya) was estimated to be valued at Rs 79,600 crore in FY23 and is projected to grow at an approximately 11% CAGR reaching Rs 1.2 lakh crore by FY27.

3) What is the size of Gopal Snacks IPO?

The IPO is completely an offer for sale (OFS) of up to Rs 650 crore.

4) What is the price band for Gopal Snacks IPO?

Gopal Snacks has fixed a price band of Rs 381-401 per share for its maiden public offer. Investors can bid for 37 shares in one lot and in multiples thereafter.

Also Read: JG Chemicals IPO opens for subscription. Should you bid?

5) What is the structure of Gopal Snacks IPO?

About 50% of the offer will be available for qualified institutional investors for reservation, 35% for retail investors and 15% for non-institutional investors.

6) How is the financial performance of Gopal Snacks?

For the six months ended September 2023, revenue from operations fell 3% year-on-year to Rs 676 crore. Profit after tax during the same period increased marginally to Rs 55.5 crore from Rs 51.9 crore in the last year period.

7) What are the objects of Gopal Snacks IPO?

Since the IPO is an OFS, the company will not receive any proceeds and the entire funds will go to selling shareholders, who are Bipinbhai Vithalbhai, Gopal Agriproducts and Harsh Sureshkumar.

8) What is the current GMP of Gopal Snacks?

According to market analysts, the current GMP of Gopal Snacks is Rs 120 in the unlisted market.

9) Who are the book-running lead managers for Gopal Snacks IPO?

Intensive Fiscal Services, Axis Capital, and JM Financial are the book-running lead managers, and Link Intime India is the registrar of the offer.

10) When is the share allotment and listing date of Gopal Snacks IPO?

The share allotment for the IPO will be finalised on March 12 and the estimated listing date is March 14.


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