Gopal Snacks IPO: Top Things to Know Before Subscribing to The Issue


by Sandip Das on 6 March 2024,  5 min read


The initial public offer (IPO) of Gopal Snacks opened for subscription on March 6, 2024. The issue will close on March 11, 2024. A total of 48,36,657 equity shares have been designated to anchor investors at Rs 401 each by the company. The price band for Gopal Snacks’ IPO ranges from Rs 381 to Rs 401 per equity share, considering a face value of Re 1. The specified lot size for this offering is 37 equity shares, and subscriptions can be made in multiples of 37 equity shares thereafter.

About the Company

Founded in 1999 by Bipin Hadvani under Gopal Gruh Udhyog, Gopal Snacks provides a range of Namkeen and snacks. The company, operating under the brand ‘Gopal,’ has established a robust market presence, providing an extensive selection of savory products. This includes a diverse range, encompassing ethnic snacks, western snacks, snack pellets, fast-moving consumer goods, and packaged sweets, catering to the varied preferences of its customers.

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Price Band

The price band for Gopal Snacks’ IPO ranges from Rs 381 to Rs 401 per equity share.

Issue Size

The Initial Public Offering (IPO) exclusively comprises a sale of existing shares, totaling 1.62 crore. In this offering, promoters Gopal Agriproducts and Bipinbhai Vithalbhai Hadvani intend to divest equity shares amounting to Rs 520 crore and Rs 80 crore, respectively. The remaining Rs 50 crore will be divested by Harsh Sureshkumar Shah through the Offer for Sale (OFS).

Company Financials
Particulars 6-months ended Sept 30, 2023 Fiscal 2023
Revenue from Operations (Rs million) 6,761.95 13,946.53
Profit After Tax (Rs million) 555.65 1,123.69
IPO Reserve Portion
  • Qualified Institutional Buyers (QIB): Not more than 50% of the shares in the public issue
  • Non-Institutional Investors (NII): Not less than 15% of the issue
  • Retail Investors: Not less than 35% of the offer

Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment.

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