Posted by Gopal Snacks IPO: The IPO of Gopal Snacks Company did not get much response on the first day. But according to market experts, this company is good for investment and people are being advised to invest in it. Gopal Snacks is a company selling namkeen, chips and snacks. Its IPO (Gopal Snacks IPO) is open from today and will close on March 11.
The Rajkot-based company has raised Rs 193.94 crore from anchor investors on March 5, which is a good sign. The share price band for this IPO (Gopal Snacks IPO) is between Rs 381 to Rs 401, due to which various options are available to the people. Shares have been allotted to anchor investors at Rs 401 per share, which can be a positive sign for it. Let us now know the important things about Gopal Snacks IPO and the discussion about it in the market.
What is the issue price and size of Gopal Snacks IPO and when will it be allotted?
The floor price of the IPO of Gopal Snacks Company is 381 times the face value of the equity shares, while the cap price is 401 times the face value of the equity shares. Investors will have to buy a lot of at least 37 shares. The IPO involves an offer for sale (OFS) of equity shares worth Rs 650 crore by promoters and other investors.
Gopal Snacks IPO has reserved not more than 50 percent of the shares in the public issue for Qualified Institutional Buyers (QIB). Apart from this, there is a reserve of 35% for Non-Institutional Institutional Investors (NII) and 35% for Retail Investors. Equity shares totaling up to Rs 3.5 crore have been reserved for the employee portion. A discount of Rs 38 per equity share is being offered to eligible employees bidding in the employee reservation portion.
The allotment of shares in the IPO will take place on Tuesday, March 12 and after the allotment, the refund process will start from Wednesday, March 13. The shares will be credited to the demat account of the applying investors on the same day after refund. Gopal Snacks IPO shares can be listed on NSE and BSE.
What does Gopal Snacks company do and who is the promoter of this company?
The company markets a wide range of products under the “Gopal” brand. This includes fast selling products such as papad, spices, gram flour, noodles, rusks, soan papdi, namkeen, gathiya, wafers, extruded snacks and snack pellets. All these products have made Gopal Snacks a popular name.
Gopal Snacks Limited sees growth in its business from 2022 to 2023. Profit after tax (PAT) increased by 170.52 percent and revenue increased by 3.1 percent. The promoters of the company are Gopal Agriproducts, Dakshaben Bipinbhai Hadwani and Bipinbhai Vitthalbhai Hadwani, who are related to this company.
What is the GMP of the company?
Gopal Snacks IPO GMP or gray market premium is +65. This means that Gopal Snacks shares are trading at a premium of Rs 65 in the gray market. Gray market premium is used to measure the demand for a share among the public and its current value.
Considering the upper end of the IPO price band and the existing premium in the gray market, the estimated listing price of Gopal Snacks share price is likely to be Rs 466 per share. This listing price is 16.21% higher than the IPO (Gopal Snacks IPO) price band of Rs 401. This makes it clear that there is a lot of enthusiasm and interest in the market for Gopal Snacks shares.
Disclaimer: This information is for information only and does not constitute investment advice. Keep your financial situation and goals in mind before investing. Take responsibility for potential losses and seek financial advice from time to time. No investment is guaranteed, and it is recommended to seek financial advice before investing.
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