Gopal Snacks IPO opened for subscription on Wednesday, March 6, and will close on Monday, March 11. The Rajkot-based company has raised ₹193.94 crores from the anchor investors.
The allotment for the IPO is expected to be finalized on Tuesday, March 12, 2024, while the shares of the company may be listed on BSE and NSE on Thursday, March 14, 2024.
Also Read: Gopal Snacks IPO opens for bidding: Check latest GMP, subscription status, review, key dates, more. Apply or not?
Here are 8 key things to know about the IPO from the RHP:
1. Gopal Snacks IPO price band: The price band of the IPO is fixed in the range of ₹381 to ₹401 per share of the face value of ₹1. The lot size is 37 equity shares and in multiples of 37 equity shares thereafter.
Also Read: Gopal Snacks IPO: Here are 10 things to know before subscribing to the issue
2. Gopal Snacks IPO size: This IPO is a book-built issue of ₹650 crore and is entirely an offer for sale of 1.62 crore shares.
3. Gopal Snacks IPO promoters: The promoters of the company are Bipinbhai Vithalbhai Hadvani, Dakshaben Bipinbhai Hadvani and Gopal Agriproducts.
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4. Reservation: The FMCG company IPO has reserved not more than 50 per cent of the issue for QIB, not less than 35 per cent of the issue for retail investors and not less than 15 per cent of the net issue for NII.
5. Gopal Snacks IPO registrar and book-running manager: Intensive Fiscal Services Private Limited, Axis Capital Limited and JM Financial Limited are the book-running lead managers, while Link Intime India Private Ltd is the registrar for the issue.
6. Risks: According to the RHP, an inability to anticipate and adapt to evolving consumer tastes, preferences and demand for particular products, or ensure product quality may adversely impact demand for the company’s products, brand loyalty, business, results of operations, financial condition and cash flows.
Moreover, the sale of its products is concentrated in its core market of Gujarat. So, any adverse developments affecting its operations in such region could hurt its business, financial condition, results of operations and cash flows.
Also Read: Gopal Snacks IPO: Here are 10 key risks from the RHP you should know before subscribing
7. Company’s revenue: The company’s revenues from operations for the first six months of FY24 stood at ₹676.2 crore. The company saw a gradual increase in its revenue from operations in the last three financial years. As per the RHP, its revenue from operations for FY21, FY22 and FY23 stood at ₹1,128.86 crore, ₹1,352.16 crore and ₹1,394.65 crore respectively.
8. Company’s PAT: The company’s profit after tax (PAT) attributable to owners of the company for the first six months of FY24 stood at ₹55.57 crore. Its PAT rose significantly in the last three financial years. As per the RHP, its PAT for FY21, FY22 and FY23 stood at ₹21.12 crore, ₹41.54 crore and ₹112.37 crore respectively.
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Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Published: 07 Mar 2024, 11:57 AM IST
Ananya Das is your guide to the latest trends, viral sensations, and internet phenomena. Based on a keen understanding of digital culture, Sophie navigates the ever-evolving landscape of trending topics. With an insightful and engaging approach, she explores what’s buzzing across social media platforms, ensuring readers stay in the loop with the most talked-about and shareable content online.
