Gopal Snacks IPO! If you are an experienced investor or just getting into the stock market, you will want to take note of this exciting opportunity. Get ready to know all about Gopal Snacks IPO in detail, from its inception to its potential listing price and everything in between.
Gopal Snacks IPO Overview:
Be prepared to be excited by the prospect of investing in Gopal Snacks, a famous Rajkot-based salty manufacturing company. With an IPO of Rs 650 crore based entirely on an offer for sale, this is your chance to get a piece of the action. The subscription window for Gopal Snacks IPO opens on March 6, 2024 and closes on March 11, 2024. But wait, there’s more – anchor investors can start bidding even before March 5.
Price Band and Lot Size:
What is the price of entry into this exciting opportunity Gopal Snacks has set a price range of Rs 381 to Rs 401 per share with a lot size of 37 shares. This means that investors have to buy at least 37 shares in one lot, further bids will be accepted in multiples of the same number. So, be prepared to invest at least Rs 14,887 to secure your stake in Gopal Snacks.
Gopal Snacks IPO Allotment:
Mark March 12, 2024 in your calendars as that is when the allotment for Gopal Snacks IPO is expected to be finalized. With Intensive Physical Services Private Limited, Axis Capital Limited and JM Financial Limited acting as book running lead managers, and Link in Time India Private Limited acting as registrar to the issue, you can be assured that your The investment is in good hands.
Gopal Snacks IPO Listing:
The moment you’ve been waiting for – Gopal Snacks IPO listing on March 14, 2024. Prepare yourself for an exciting ride as Gopal Snacks makes its debut on both BSE and NSE. With shares reserved for different investor categories including employees, there is ample opportunity for everyone to get a taste of the action.
Gopal Snacks IPO GMP:
Excitement is rising in the gray market, with Gopal Snacks’ IPO trading at a premium of ₹120. This means a potential 100 percent profit on the very first day of listing, with expectations rising to Rs 521.
About Gopal Snacks Ltd:
Established in 1999, Gopal Snacks has strengthened its position as an FMCG powerhouse, offering a diverse range of products under the iconic brand “Gopal”. From traditional namkeen and snacks to modern favorites like wafers and extruded snacks, Gopal Snacks caters to every taste. And with a significant growth of 170.52 per cent in profit after tax between March 31, 2022 and March 31, 2023, the future of the company looks brighter than ever.
Company Promoters:
The driving force behind the success of Gopal Snacks is its dedicated team of promoters, led by Gopal Agri Products and Vipin Bhai Vittal Bhai Hadwani. With equity shares worth Rs 520 crore and Rs 80 crore respectively, the promoters are set to reap the benefits of the IPO. And let’s not forget Harsh Suresh Kumar Shah, who will be selling shares worth Rs 50 crore on behalf of the company.
When you’re considering whether or not to enter the world of IPO investing, remember that the information provided here is for educational purposes only. Always consult a certified expert before taking any investment decision. But if you are ready to embark on this exciting journey with Gopal Snacks, then buckle up and get ready for an adventure like no other.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Investing in the stock market carries inherent risks, and individuals should conduct their own research or consult with a certified financial advisor before making any investment decisions.