March 6, 2024 - March 11, 2024

Gopal Namkeen IPO Review & Recommendations

Anand Rathi, Choice Equity Broking Pvt Ltd, Dilip Davda, Reliance Securities, Stoxbox by BP Equities Pvt Ltd, Sushil Finance Ltd, Swastika Investmart Ltd and Ventura Securities Limited have given "Apply" recommendation to Gopal Namkeen IPO. Indsec Securities has given "May Apply" recommendation to Gopal Namkeen IPO. Capital Market recommend to "Avoid" the IPO.Emkay Global and InCred Equities have "Not Rated" the IPO.

Gopal Namkeen IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	8	1	0	1	2
%	66.67	8.33	0.00	8.33	16.67

Gopal Namkeen IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Anand Rathi	Apply
Capital Market	Avoid
Choice Equity Broking Pvt Ltd	Apply
Dilip Davda	Apply
Emkay Global	Not Rated
InCred Equities	Not Rated
Indsec Securities	May Apply
Reliance Securities	Apply
Stoxbox by BP Equities Pvt Ltd	Apply
Sushil Finance Ltd	Apply
Swastika Investmart Ltd	Apply
Ventura Securities Limited	Apply

Gopal Namkeen IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for Gopal Namkeen IPO is 38. Their analysis recommends Do not subscribe for the IPO.

Reviewer	Rating Score	Rating
Capital Market	38	Do not subscribe

Gopal Namkeen IPO Review by Dilip Davda (Apply)

[Dilip Davda] The company is one of the largest and prominent FMCG company mainly in namkeen and other ready to eat packaged foods. It has posted growth in its top and bottom lines despite declining capacity utilization, indicating its scaling margins with economical consumer packs. Based on FY24 annualized earnings, the issue appears full priced. Investors may park funds for the medium to long term rewards. Read detail review...

Gopal Namkeen IPO Peer Comparison

Gopal Snacks Limited peer comparison with similar listed entities. (As on March 31, 2023)

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		38.63
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	3.10	2.55	Consolidated

Source:

All the financial information for listed industry peers mentioned above is on a consolidated basis and is sourced from the financialresults/ annual reports of the respective company for the year ended March 31, 2023 submitted to the Stock Exchanges. All the financialinformation for the Company is based on Restated Financial Information as on and for the year ended March 31, 2023.

Notes:

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.
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.
NAV: NAV is computed as the Equity attributable to owners of the company at the end of year March 31, 2023divided by the equity shares outstanding as on March 31, 2023.
RONW %: RONW is sourced from the financial results/annual reports of the respective company for the year ended March 31, 2023

Gopal Namkeen IPO Review by Members

Gopal Namkeen IPO Reviews, analysis and views by popular members. Read Gopal Snacks Limited IPO reviews by retail investors to find recommended ipo to buy.

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Gopal Namkeen IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	2	1	1	2
%	33.33	16.67	16.67	33.33

Member	Review
newgen consultancy IPO Guru (3200+ Posts, 5500+ Likes)	Neutral Declining Margins in Future No MOAT In the business 1 March 10, 2024 4:45:56 PM
Abhijit Paul	Apply for Listing Gain at Cut-off Price Popular brand March 6, 2024 3:46:35 PM
Mani Kasi	May Apply for Long Term at Cut-off Price Very low debt and P/E ratio comparing with others. March 4, 2024 10:02:13 AM
Vincher	Avoid High velu March 2, 2024 12:02:31 PM
Micmac Soap Plant	Apply for Long Term at Upper Price Band Benchmark Peers EPS lower, so there is more headroom for gain in future, OFS is the most preferred route for an IPO for an well established company over years. Rapid growth in business than peers. March 1, 2024 2:56:31 PM
Vibhor varshney	Avoid 100% OFS and seems over priced March 1, 2024 12:40:43 PM

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