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Gopal Snacks Limited IPO details: Gopal Snacks Limited is a company known for making a range of snack foods and other consumer goods in India and abroad. They produce traditional Indian snacks like nankeen and gathiya alongside Western favorites such as chips, extruded snacks, and snack pellets. Their product line includes papad, spices, gram flour, noodles, rusk, and soan papdi.
By November 2023, Gopal Snacks Limited had developed a broad portfolio with 276 products across various categories to suit diverse tastes. Up to September 2023, their network had expanded to serve over 523 locations in 10 states and two Union Territories in India.
The company’s sales and marketing workforce had reached 741 employees by September 2023, supporting a robust distribution system with three warehouses and 617 distributors. They also have 263 vehicles dedicated to logistics to ensure efficient distribution.
Gopal Snacks operates six manufacturing facilities, with three primary and three auxiliary units in Nagpur, Rajkot, and Modasa. The central units alone, which include a Rajkot plant focusing on papad production, contribute 303,668.76 metric tons to this total.
Furthermore, as of the end of September 2023, the company has built long-term relationships with 69 distributors in Gujarat, who have been with them for over a decade, making up nearly 25% of their total distribution network in the state.
Gopal Snacks Limited IPO Details:
| IPO Opening Date | 06 March 06, 2024 |
| IPO Closing Date | 11 March 11, 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 1,62,09,476 Shares Worth ₹650 Cr Offer For Sale: 1,62,09,476 Shares Worth ₹650 Cr |
| Face Value | ₹1 per share |
| IPO Price | ₹381 – ₹401 |
| Market Lot | 37 Shares |
| Min Order | 37 Shares (1 Lot) |
| Employee Discount | Rs 38 |
| Listing At | BSE, NSE |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Gopal Snacks Limited IPO Details – Date Schedule:
| IPO Open Date | March 06, 2024 |
| IPO Close Date | March 11, 2024 |
| Basis of Allotment Date | March 12, 2024 |
| Initiation of Refund | March 13, 2024 |
| Credit of Shares to Demat Account | March 13, 2024 |
| IPO Listing Date | March 14, 2024 |
| Cut-off time for UPI mandate confirmation | March 11, 2024 |
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Gopal Snacks Limited IPO Details – Lots Size & Price:
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 37 | ₹14,837 |
| Retail (Max) | 13 | 481 | ₹1,92,881 |
| S-HNI (Min) | 14 | 518 | ₹2,07,718 |
| S-HNI (Max) | 67 | 2,479 | ₹9,94,079 |
| B-HNI (Min) | 68 | 2,516 | ₹10,08,916 |
Competitive Strengths of Gopal Snacks Limited IPO:
1. Gopal Snacks is well-known in India, especially Gujarat, for its ethnic snack varieties. Their products has built strong brand recognition.
2. They have various snacks that align well with the growing demand in the Indian snack market.
3. Being a leading producer of gathiya, a popular Indian snack, Gopal Snacks sees a big chance to grow in this specific snack category.
4. The company’s manufacturing sites are strategically placed.
5. Their business operations are well-organized and advanced, ensuring high-quality products and efficiency in cost and operations.
6. They have a widespread distribution network.
7. The team leading the company is seasoned and knowledgeable.
8. Gopal Snacks has a history of earning profits consistently.
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Company Promoters:
- Bipinbhai Vithalbhai Hadvani
- Dakshaben Bipinbhai Hadvani
- Gopal Agriproducts
Gopal Snacks Financials (Restated Consolidated):
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
| 31 March 2021 | 1129.84 | 1103.34 | 21.12 | 138.99 |
| 31 March 2022 | 1356.47 | 1302.41 | 41.53 | 164.12 |
| 31 March 2023 | 1398.53 | 1246.69 | 112.36 | 106.37 |
| 31 December 2023 | 677.97 | 602.99 | 55.56 | 26.05 |
Amount in ₹ Cr
Key Performance Indicator:
| KPI | Values |
| ROE | 16.05% |
| ROCE | 20.83% |
| Debt/Equity | 0.08 |
| RoNW | 16.05% |
| PAT Margin (%) | 8.22 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 4.46 | 8.92 |
| P/E (x) | 44.47 | 44.96 |
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Gopal Snacks IPO Peer Comparison:
| S. No. | Face Value | Company Name | PE |
| 1 | 1 | Bikaji Foods International Limited | 104.67 |
| 2 | 5 | Prataap Snacks Limited | 137.87 |
Gopal Snacks IPO Promoter Holding:
| Pre Issue Share Holding | 93.50% |
| Post Issue Share Holding | 81.49% |
Gopal Snacks Limited IPO Details – Lead Manager(s):
1. Intensive Fiscal Services Private Limited
2. Axis Capital Limited
3. JM Financial Limited
Gopal Snacks Limited IPO Details FAQs:
Q. What is the initial public offering (IPO) for Gopal Snacks?
A. The IPO for Gopal Snacks is a primary market offering, with a price range of ₹381 to ₹401 per share, set to be listed on the BSE and NSE.
Q. When will the Gopal Snacks IPO be available?
A. The IPO will open for QIB, NII, and Retail Investors on March 6, 2024.
Q. How is the allocation for Gopal Snacks IPO divided among investors?
A. The allocation is 50% for QIB, 15% for NII, and 35% for Retail Investors.
Q. What are the methods to apply for the Gopal Snacks IPO?
A. Investors can apply for the IPO through ASBA online via their bank, UPI via stock brokers, or by submitting an offline form through brokers.
Q. What is the total amount being raised through the Gopal Snacks IPO?
A. The total amount being raised is ₹650.00 Crore.
Q. What is the price range for the Gopal Snacks IPO?
A. The price range for the IPO is ₹381 to ₹401 per share.
Q. What are the minimum and maximum order sizes for the Gopal Snacks IPO?
A. The minimum order size is 37 shares (₹14,837), and the maximum is 481 shares (₹192,881).
Q. When will the Gopal Snacks IPO shares be allocated?
A. The shares are set to be allocated on March 12, 2024.
Q. On what date will the Gopal Snacks IPO shares be listed?
A. The shares are expected to be listed on March 14, 2024, on the BSE and NSE.
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