Gopal Snacks, a prominent player in the Indian fast-moving consumer goods sector, known for its diverse range of products including Namkeen and western snacks, has opened its Initial Public Offering (IPO). The Rajkot-based company, established in 1999, has extended its market presence across 10 states and 2 Union Territories in India. The IPO marks a significant milestone in the company's journey, aiming to broaden its market reach and strengthen its manufacturing capabilities.
Here are some FAQs on Gopal Snacks IPO:1.
What are the offered share quantities and their subscription rates?
The IPO received bids for 1,66,83,337 shares against the 1,19,79,993 shares on offer. Retail individual investors subscribed 2 times, non-institutional investors 1.62 times, and qualified institutional buyers 9 percent.
2. What is the price range for Gopal Snacks IPO?
The price range for the IPO is set between Rs 381 to Rs 401 per share.
3. What does the IPO comprise?
The IPO is entirely an offer for sale (OFS) of up to Rs 650 crore, involving equity shares by promoters and other selling shareholders.
4. How much has Gopal Snacks raised from anchor investors?
Gopal Snacks has secured Rs 194 crore from anchor investors.
5. What are the key details about Gopal Snacks' market presence and manufacturing facilities?
Gopal Snacks products are distributed across 10 states and 2 Union Territories through a network of 3 depots and 617 distributors. It operates three main and three ancillary manufacturing facilities across Gujarat and Maharashtra.
6. Who are the managers to the Gopal Snacks IPO offer?
Intensive Fiscal Services, Axis Capital, and JM Financial are managing the IPO.
7. Where will Gopal Snacks' equity shares be listed?
The company's equity shares are proposed to be listed on both the BSE and NSE.
8. When will the Gopal Snacks IPO conclude?
The IPO is set to conclude on March 11.
9. When will the Gopal Snacks IPO list?
The IPO is set to list on March 14, 2024.
10. What's the GMP on Gopal Snacks IPO?
As per a report in IPO Watch, the Grey Market Premium(GMP) for Gopal Snacks is Rs 25, that is 6% higher than the listing price.