Gopal Snacks IPO seems to be performing well in the gray market. Gopal Snacks IPO has issued 48,36,697 shares to anchor investors at a price of Rs 401 each and has raised Rs 193.95 crore from anchor investors before the opening of the IPO.
The IPO of Gopal Snacks, a company that sells items like namkeen, chips and snacks, has opened for subscription on Wednesday, March 6, 2024 and will close on Monday, March 11, 2024.
IPO PRICE
In this moment, the Rajkot-based Gopal Snacks company has raised Rs 193.94 crore from any other investors on March 5th.
LOT SIZE
The price width of Gopal Snacks IPO is fixed at Rs 381 to Rs 401 per stocks for the face value of Re 1.The company said that it allotted equity shares to anchor investors at the rate of Rs 401 per share on Tuesday, March 05.
The ground fare of Gopal Snack's IPO is 381 times the face value of the equity and the cap price is 401 times the face value of the equity shares. The total size of Gopal Snacks IPO is 37 equity shares it's mean investors will have to buy minimum 37 shares in one lot.
Gopal Snacks IPO has reserved more than 30 percent of the shares but not greater than 50 percent in the public issue for Qualified Institutional Buyers (QIB). Apart from this, there is a reserve of 15% for Non-Institutional Institutional Investors (NII), 35% for Investors. A total of equity shares 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.
SIZE OF IPO
Gopal Snacks IPO involves an offer for sale (OFS) of equity shares worth Rs 650 crore by promoters and other investors.
IPO ALLOTMENT DATE
The Gopal Snacks IPO allotment will be finalized on Tuesday i.e. March 12 and the company will start refunding to their investors as per their policy who will not get the IPO from Wednesday, March 13. The shares will be credited to the demat account of the applying investors on the same day after refund.
PLATFORM
Gopal Snacks IPO stocks will be listed on NSE and BSE both of stocks exchange company. And the listing date is fixed on March 14, 2024.
INFO ABOUT GOPAL SNACKS
The promoters of the company are Gopal Agriproducts, Dakshaben Bipinbhai Hadwani and Bipinbhai Vitthalbhai Hadwani.
The company sells different products under the brand “Gopal”. the types include fast-moving consumer goods like papad, indian spices, gram flour or besan, noodles, biscuits and famous soan papdi, as well as snacks such as chatpata namkeens and gathiya and western snacks such as wafers, kurkures and snacks like fried cinnamom .
Gopal Snacks Ltd.'s profit after tax (PAT) grew by 170.52 percent between March 31, 2022, and March 31, 2023, while its revenue grew by 3.1 percent.
According to InvestorGain.com, Gopal Snacks IPO GMP or gray market premium is Rs 65 today. According to this, investors can make a profit of 16% on the very first day and the IPO can be listed at Rs 440.
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 considered to be Rs 466 per share, which is 16.21 higher than the IPO price band of Rs 401.
DISCLAIMER
This information does not constitute any investment advice.Take some advise from any market expert, before investing on stock market.
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