IPO

Gopal Snacks Limited IPO

Mainboard

Packaged Foods

Listed On: Mar 14, 2024 at ₹ 351.0(NSE)

₹ 14837 /37 Shares

Check Allotment

06 Mar, 2024

Open Date

11 Mar, 2024

Close Date

12 Mar, 2024

Allotment Date

14 Mar, 2024

Listing Date
Price Summary

Last Closing

309.20 (-22.89%)

52 Week High

413.80

52 Week Low

255.90

Last Update

18-Dec-2025 3:30 PM
Gopal Snacks Limited IPO Issue Details
  • Issue Price ₹381-401 per equity share
  • Face Value ₹1 Per Equity Share
  • Total Issue Size 1,62,18,612 shares(aggregating up to ₹650 crore)
  • Offer For Sale 1,62,18,612 shares(aggregating up to ₹650 crore)
  • Listing at BSE, NSE
  • List Price 351.0(NSE)
  • Listing Date 2024-03-14
  • Lead Manager Intensive Fiscal Services Private Limited
    Axis Capital Limited
    Jm Financial Limited
  • Registrar Link Intime India Private Ltd
Market Lot Size

Investors can bid for a minimum of 37 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (min) 1 37 ₹14,837
Retail(max) 13 481 ₹1,92,881
SHNI(min) 14 518 ₹2,07,718
SHNI(max) 67 2,479 ₹9,94,079
BHNI(min) 68 2,516 ₹10,08,916
Gopal Snacks Limited IPO Reservation

Gopal Snacks Limited IPO offers total 16,218,612 shares. Out of which 3,224,439 (19.88%) allocated to QIB, 2,418,329 (14.91%) allocated to NII,5,642,768 (34.79%) allocated to RII, 96,419 (0.59%) allocated to employees and 4,836,657 (29.82%) allocated to Anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 4,836,657 (29.82%)
QIB Shares Offered 3,224,439 (19.88%)
NII (HNI) Shares Offered 2,418,329 (14.91%)
bNII > ₹10L 1,612,220 (9.94%)
sNII < ₹10L 848,425 (5.23%)
Retail Shares Offered 5,642,768 (34.79%)
Employee Shares Offered 96,419 (0.59%)
Total Shares Offered 16,218,612 (100%)
Gopal Snacks Limited IPO Documents
DRHP
RHP
ANCHOR
Gopal Snacks Limited IPO Details


Gopal Snacks Limited IPO is a book-built issue of ₹650 crores, The total issue size is ₹650 crores. The IPO of Gopal Snacks Limited is priced at ₹381-401 per equity share, which has a face value of ₹1 Per Equity Share each, IPO bidding starts from Mar 6, 2024 and ends on Mar 11, 2024. The allotment for Gopal Snacks Limited IPO will be finalized on Mar 12, 2024. Gopal Snacks Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Mar 14, 2024. The company shall list its equity shares on the BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.

Retail investors can bid for a minimum of 37 shares, extendable to 14,837. S-HNIs will be able to bid for 518 shares at ₹2,07,718, while B-HNIs can also apply for a bid of 2,516 shares at ₹10,08,916. The book-running lead manager for the IPO is/are Intensive Fiscal Services Private Limited, Axis Capital Limited, Jm Financial Limited.

The total issue ₹650 crore and having Offer for Sale (OFS) of 1,62,18,612 shares to mop up ₹650 crore.

The Gopal Snacks Limited IPO sets its price band at 381-401 for each share. A single application for Gopal Snacks Limited IPO must contain at least 37 shares. Sentiment investors need to invest a minimum of 37 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,837 In order to participate in the sNII, investors must purchase at least 14 lots of 518 shares for ₹2,07,718, while the bNII requires 68 lots of 2,516 shares for an investment of ₹10,08,916.

Read More
Gopal Snacks Limited IPO Subscription Analysis And Details
Retail
4.01x
QIB
17.50x
NII
9.50x
bNII
10.18x
sNII
8.12x
Total
9.02x
As on QIB NII
bNII   sNII 		Retail Total
Shares Offered / Reserved 3,224,439 2,418,329
1,612,220    848,425 		5,642,768 11,381,955
Day 1 06-03-24 05:00 PM
0.00 x 0.49
0.31 x   0.84 x 		0.89 x 0.56 x
Day 2 07-03-24 05:00 PM
0.09 x 1.63
1.21 x   2.46 x 		2.01 x 1.40 x
Day 3 11-03-24 05:00 PM
17.50 x 9.50
10.18 x   8.12 x 		4.01 x 9.02 x
Total No of Applications
6,20,502
Gopal Snacks Limited Valuations
EPS Pre IPO ₹9.02/-
EPS Post IPO ₹8.92/-
P/E Pre IPO 44.47
P/E Post IPO 44.96
ROE 16.05%
ROCE 20.83%
Debt/Equity 0.08
RoNW 16.05%
PAT Margin 8.22
Price to Book Value 14.43
Gopal Snacks Limited Company Financials
In Crs.
In Cr.
31-Mar-23 31-Mar-22 31-Mar-21
Assets 461.28 399.72 341.89
Revenue 1,398.54 1,356.48 1,129.84
Profit After Tax 112.37 41.54 21.12
Net Worth 290.88 177.66 135.74
Reserves & Surplus 277.60 176.56 135.03
Total Borrowing 106.37 164.12 138.99
About Gopal Snacks Limited Company

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.

As of November 2023, the company had 276 SKUs along with 84 products from different categories, catering to various tastes and preferences.

As of September 2023, the company has sold its products to over 523 locations across 10 states and two Union Territories.

As of September 30, 2023, the sales and marketing team comprised 741 employees, complemented the extensive distribution network of three depots and 617 distributors. As of September 2023, the company has a fleet of 263 logistics vehicles to support its extensive distribution network.

The company has six manufacturing units out of which three are primary manufacturing units and three are ancilliary manufacturing units. The primary manufacturing units are in Nagpur, Maharashtra; Rajkot, Gujarat; and Modasa, Gujarat. The two ancillary units are situated in Rajkot, Gujrat and one unit is located in Madosa, Gujrat.

As of September 30, 2023, the six facilities had a total annual installed capacity of 404,728.76 MT. The three primary facilities, including the Rajkot facility that produces papad, had a capacity of 303,668.76 MT, while the three ancillary facilities had a capacity of 101,060.00 MT (excluding papad capacity).

As of September 30, 2023, 69 distributors in Gujarat have been associated with the company for more than ten years, representing 24.73% of the total distributors in Gujarat.

Read More
Gopal Snacks Limited - Promoter(s)

Bipinbhai Vithalbhai Hadvani

Dakshaben Bipinbhai Hadvani

Gopal Agriproducts

Pre Issue Share Holding : 93.50%

Post Issue Share Holding : 81.49%

Gopal Snacks Limited IPO - Issue Objectives
1

The Company will not receive any proceeds from the Offer (the Offer Proceeds) and all the Offer Proceeds will be received by the Selling Shareholders, in proportion to the Offered Shares sold by the respective Selling Shareholders as part of the Offer.

Gopal Snacks Limited IPO - Anchor Investors

Gopal Snacks IPO: Institutional investors pick Rs 194 crore worth shares via anchor book.

Ashoka Whiteoak ICAV, Whiteoak Capital Mutual Fund, DSP Mutual Fund, Quant Mutual Fund, 360 One Special Opportunities Fund, and Natixis International Funds invested in the company through anchor book.

Further, Optimix Wholesale Global Emerging Markets Share Trust, BNP Paribas Funds, HDFC Life Insurance Company, ITI Mutual Fund, Leading Light Fund VCC, Bay Capital, India Fund, BofA Securities Europe SA, and Copthall Mauritius Investment also participated in the anchor book.

Gopal Snacks Limited IPO - Peers Comparison
Company Name EPS (Basic) EPS (Diluted) NAV (per share) (Rs) P/E (x) RoNW (%) P/BV Ratio Financial statements
Gopal Snacks Limited 9.02 9.02 23.34 N/A 38.63 N/A N/A
Bikaji Foods International Limited 5.15 5.14 38.22 104.67 14.15 9.49 Consolidated
Prataap Snacks Ltd 8.51 8.51 288.33 137.87 3.1 2.55 Consolidated

Notes:

  1. P/E Ratio: For listed peers, the P/E Ratio has been computed based on the closing market price of equity shares on BSE on November 15, 2023 divided by the Basic EPS provided under Note 2 below.
  2. EPS: Basic & Diluted EPS refers to the EPS sourced from the financial results/annual reports of the respective company for the year ended March 31, 2023.
  3. NAV: NAV is computed as the Equity attributable to owners of the company at the end of year March 31, 2023 divided by the equity shares outstanding as on March 31, 2023.
  4. RONW %: RONW is sourced from the financial results/annual reports of the respective company for the year ended March 31, 2023.