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Gopal Namkeen IPO is a book built issue of Rs 650.00 crores. The issue is entirely an offer for sale of 1.62 crore shares.
Gopal Namkeen IPO bidding started from March 6, 2024 and ended on March 11, 2024. The allotment for Gopal Namkeen IPO was finalized on Tuesday, March 12, 2024. The shares got listed on BSE, NSE on March 14, 2024.
Gopal Namkeen IPO price band is set at ₹381 to ₹401 per share. The minimum lot size for an application is 37 Shares. The minimum amount of investment required by retail investors is ₹14,837. The minimum lot size investment for sNII is 14 lots (518 shares), amounting to ₹207,718, and for bNII, it is 68 lots (2,516 shares), amounting to ₹1,008,916.
The issue includes a reservation of up to 96,419 shares for employees offered at a discount of Rs 38 to the issue price.
Intensive Fiscal Services Private Limited, Axis Capital Limited and Jm Financial Limited are the book running lead managers of the Gopal Namkeen IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Gopal Namkeen IPO RHP for detailed information.
| IPO Date | March 6, 2024 to March 11, 2024 |
| Listing Date | March 14, 2024 |
| Face Value | ₹1 per share |
| Price Band | ₹381 to ₹401 per share |
| Lot Size | 37 Shares |
| Total Issue Size | 16,218,612 shares (aggregating up to ₹650.00 Cr) |
| Offer for Sale | 16,218,612 shares of ₹1 (aggregating up to ₹650.00 Cr) |
| Employee Discount | Rs 38 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 124,604,370 |
| Share holding post issue | 124,604,370 |
Gopal Namkeen IPO offers 16,218,612 shares. 3,224,439 (19.88%) to QIB, 2,418,329 (14.91%) to NII, 5,642,768 (34.79%) to RII, 96,419 (0.59%) to employees and 4,836,657 (29.82%) to Anchor investors. 152,507 RIIs will receive minimum 37 shares and 1,637 (sNII) and 3,112 (bNII) will receive minimum 518 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 4,836,657 (29.82%) | NA |
| QIB Shares Offered | 3,224,439 (19.88%) | NA |
| NII (HNI) Shares Offered | 2,418,329 (14.91%) | |
| bNII > ₹10L | 1,612,220 (9.94%) | 3,112 |
| sNII < ₹10L | 848,425 (5.23%) | 1,637 |
| Retail Shares Offered | 5,642,768 (34.79%) | 152,507 |
| Employee Shares Offered | 96,419 (0.59%) | NA |
| Total Shares Offered | 16,218,612 (100%) |
Gopal Namkeen IPO raises Rs 193.95 crore from anchor investors. Gopal Namkeen IPO Anchor bid date is March 5, 2024. Gopal Namkeen IPO Anchor Investors list
| Bid Date | March 5, 2024 |
| Shares Offered | 4,836,657 |
| Anchor Portion Size (In Cr.) | 193.95 |
| Anchor lock-in period end date for 50% shares (30 Days) | April 11, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | June 10, 2024 |
Gopal Namkeen IPO opens on March 6, 2024, and closes on March 11, 2024.
| IPO Open Date | Wednesday, March 6, 2024 |
| IPO Close Date | Monday, March 11, 2024 |
| Basis of Allotment | Tuesday, March 12, 2024 |
| Initiation of Refunds | Wednesday, March 13, 2024 |
| Credit of Shares to Demat | Wednesday, March 13, 2024 |
| Listing Date | Thursday, March 14, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 11, 2024 |
Investors can bid for a minimum of 37 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 37 | ₹14,837 |
| Retail (Max) | 13 | 481 | ₹192,881 |
| S-HNI (Min) | 14 | 518 | ₹207,718 |
| S-HNI (Max) | 67 | 2,479 | ₹994,079 |
| B-HNI (Min) | 68 | 2,516 | ₹1,008,916 |
| Lot Size Calculator | |||
| Share Holding Pre Issue | 93.50% |
| Share Holding Post Issue | 81.49% |
Founded in 1999, Gopal Snacks Limited is an FMCG company that deals in ethnic and Western snacks, and other products in India and internationally.
The company offers a variety of snack products including ethnic snacks like namkeen and gathiya, as well as western snacks such as wafers, extruded snacks, and snack pellets. They also provide fast-moving consumer goods such as papad, spices, gram flour or besan, noodles, rusk, and soan papdi.
As of November 2023, the company had 276 SKUs along with 84 products from different categories, catering to various tastes and preferences.
As of September 2023, the company has sold its products to over 523 locations across 10 states and two Union Territories.
As of September 30, 2023, the sales and marketing team comprised 741 employees, complemented the extensive distribution network of three depots and 617 distributors. As of September 2023, the company has a fleet of 263 logistics vehicles to support its extensive distribution network.
The company has six manufacturing units out of which three are primary manufacturing units and three are ancilliary manufacturing units. The primary manufacturing units are in Nagpur, Maharashtra; Rajkot, Gujarat; and Modasa, Gujarat. The two ancillary units are situated in Rajkot, Gujrat and one unit is located in Madosa, Gujrat.
As of September 30, 2023, the six facilities had a total annual installed capacity of 404,728.76 MT. The three primary facilities, including the Rajkot facility that produces papad, had a capacity of 303,668.76 MT, while the three ancillary facilities had a capacity of 101,060.00 MT (excluding papad capacity).
As of September 30, 2023, 69 distributors in Gujarat have been associated with the company for more than ten years, representing 24.73% of the total distributors in Gujarat.
Gopal Snacks Limited's revenue increased by 3.1% and profit after tax (PAT) rose by 170.52% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 434.54 | 461.28 | 399.72 | 341.89 |
| Revenue | 677.97 | 1,398.54 | 1,356.48 | 1,129.84 |
| Profit After Tax | 55.57 | 112.37 | 41.54 | 21.12 |
| Net Worth | 346.10 | 290.88 | 177.66 | 135.74 |
| Reserves and Surplus | 333.17 | 277.60 | 176.56 | 135.03 |
| Total Borrowing | 26.05 | 106.37 | 164.12 | 138.99 |
| Amount in ₹ Crore | ||||
The market capitalization of Gopal Namkeen IPO is Rs 4996.64 Cr.
KPI as of September 30, 2023.
| KPI | Values |
|---|---|
| ROE | 16.05% |
| ROCE | 20.83% |
| Debt/Equity | 0.08 |
| RoNW | 16.05% |
| P/BV | 14.43 |
| PAT Margin (%) | 8.22 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 9.02 | 8.92 |
| P/E (x) | 44.47 | 44.96 |
[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...
The Gopal Namkeen IPO is subscribed 9.50 times on March 11, 2024 6:21:00 PM. The public issue subscribed 4.22 times in the retail category, 18.42 times in the QIB category, and 10.00 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 18.42 |
| NII | 10.00 |
| bNII (bids above ₹10L) | 10.72 |
| sNII (bids below ₹10L) | 8.12 |
| Retail | 4.22 |
| Employee | 7.27 |
| Total | 9.50 |
Total Application : 620,502 (4.07 times)
| Listing Date | March 14, 2024 |
| BSE Script Code | 544140 |
| NSE Symbol | GOPAL |
| ISIN | INE0L9R01028 |
| Final Issue Price | ₹401 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹401.00 |
| ₹350.00 |
| ₹342.00 |
| ₹384.95 |
| ₹360.05 |
| NSE |
|---|
| ₹401.00 |
| ₹351.00 |
| ₹341.80 |
| ₹384.80 |
| ₹362.70 |
Gopal Snacks Limited
Plot Nos. G2322, G2323 and G2324
GIDC Metoda, Taluka
Lodhika, Rajkot -360 021
Phone: +91 28 2728 737
Email: cs@gopalsnacks.com
Website: https://www.gopalnamkeen.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: gopalsnacks@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Gopal Namkeen IPO is a main-board IPO of 16,218,612 equity shares of the face value of ₹1 aggregating up to ₹650.00 Crores. The issue is priced at ₹381 to ₹401 per share. The minimum order quantity is 37 Shares.
The IPO opens on March 6, 2024, and closes on March 11, 2024.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Gopal Namkeen IPO using UPI as a payment gateway. Zerodha customers can apply in Gopal Namkeen IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Gopal Namkeen IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Gopal Namkeen IPO opens on March 6, 2024 and closes on March 11, 2024.
Gopal Namkeen IPO lot size is 37 Shares, and the minimum amount required is ₹14,837.
You can apply in Gopal Namkeen IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Gopal Namkeen IPO will be done on Tuesday, March 12, 2024, and the allotted shares will be credited to your demat account by Wednesday, March 13, 2024. Check the Gopal Namkeen IPO allotment status.
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