Gopal Snacks Limited IPO Opens On March 06. Check IPO Details Issue Date Price


Gopal Snacks Limited IPO Opens On March 06. Check IPO Details Issue Date Price

March 06, 2024
Gopal Snacks Limited IPO Opens On March 06. Check IPO Details Issue Date Price

Gopal Snacks Limited is coming out with a public issue to raise Rs 650 crores from the market.

Below are the details of the Gopal Snacks Limited IPO:

  • Issue opens – March 06 (Wednesday)
  • Issue closes – March 11 (Monday)
  • Issue size – Rs 650 crores
  • Price band – Rs 381 to 401 per equity share
  • Bid lot – 37 shares and in multiples thereof

And here are some details of the company and further details on the IPO.

Company Details:

  • Gopal Snacks Limited Established as a partnership firm in 1999 and subsequently incorporated as a company in 2009, they are a fast moving consumer goods company in India, offering ethnic snacks, western snacks and other products in ten States and two Union Territories as of September 30, 2023. They offer a wide variety of savoury products under their brand ‘Gopal’, including ethnic snacks such as namkeen and gathiya, western snacks such as wafers, extruded snacks and snack pellets, along with fast-moving consumer goods that include papad, spices, gram flour or besan, noodles, rusk and soan papdi.
  • Over the years, they have leveraged their experience and understanding of the preferences and tastes of their consumers, and target markets to develop a wide range of products, which has enabled them to strengthen their foothold in the Indian snacks industry. As of September 30, 2023, their product portfolio comprised 84 products with 276 SKUs across their various product categories, thereby addressing a wide variety of tastes and preferences.
  • They have expanded their footprint across India, with their products being sold over 523 locations in ten States and two Union Territories as of September 30, 2023. Their distribution network comprised three depots and 617 distributors, complemented by their sales and marketing team comprising 741 employees, as of September 30, 2023. They also rely on channels such as ecommerce, modern trade and exports for sale of their products. They have implemented a distribution management system that helps them coordinate with their distributors and provides visibility on their inventory levels and distributor sales, enabling them to optimise their distribution network. It also offers real-time insights on demand for their products, allowing them to make data-driven decisions, plan their operations and meet demands of their consumers in a timely and effective manner. In addition, as of September 30, 2023, they owned a fleet of 263 logistics vehicles to support their distribution network.
  • As of the date of this Red Herring Prospectus, they operate six manufacturing facilities comprising three primary manufacturing facilities and three ancillary manufacturing facilities. Their three primary manufacturing facilities are located at Nagpur, Maharashtra; Rajkot, Gujarat; and Modasa, Gujarat and these facilities primarily focus on the manufacturing of their finished products.
  • To increase the visibility of their brand, they invest in marketing and brand building initiatives which include advertisements in radio, print, social media, digital and outdoor promotional campaigns, and sponsorship of sports events in India. For instance, they were one of the sponsors of the Gujarat Giants team which participates in the Women’s Cricket Premier League. In addition, in the past, to enhance their brand equity, they advertised their products with slogans such as “Sab Bhoomi Gopal Ki” , “Pure Quality, Total Faith” and “Get. Set. Crunch”.

Issue Size: Rs. 650 crores

Employee Reservation: 96,418 equity shares aggregating up to Rs. 3.50 crores

Employee Discount: Rs. 38 per share

Issue Break-Up:

QIB – 50% of the offer – Rs 323.25 crores

NIB – 15% of the offer – Rs 96.98 crores

RET – 35% of the offer – Rs 226.28 crores

Listing: BSE and NSE

Registrar: Link Intime India Private Limited

UPI: All Retail & NII bidders' (bids up to Rs. 5,00,000) applications through brokers are compulsorily in UPI Mode.


Application made using third-party UPI or ASBA Bank A/c are liable to be rejected.

The UPI Mandate acceptance time for Retail and NII Bidders (bids up to Rs 5,00,000) shall expire at 5 PM on the closing day of the IPO i.e. Monday, March 11, 2024

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