The initial public offering (IPO) of Gopal Snacks Limited will open for public issue on Wednesday, March 06, 2024.
The FMCG company has fixed the price band for its equity shares at Rs 381 to Rs 401 each, aiming to raise up to Rs 650 crore.
Investors keen on participating in the IPO can do so between March 06 and March 11, 2024. The minimum bid starts at 37 equity shares, with further bids to be made in multiples of 37 shares.
Here are 10 key points about the IPO of Gopal Snacks Limited as it opens for subscription.
Subscription period: The IPO will open for subscription on March 6 and close on March 11, 2024.
Price band: The price range for the IPO is set at Rs 381 to Rs 401 per equity share.
Fundraising target: The company aims to raise Rs 650 crore through this IPO.
Grey Market Premium: The GMP for Gopal Snacks limited stand at Rs 65, representing a listing premium of nearly 16 per cent over the issue price.
Lot size: Investors can apply for the IPO in lots, with each lot consisting of 37 company shares. The issue comprises solely of an offer for sale of 1.62 crore shares.
Allotment date: Finalisation of share allocation for the IPO is expected on March 12, 2024.
Listing date: The shares are proposed to be listed on both the BSE and NSE on March 13, 2024.
Book running lead managers: Intensive Fiscal Services Private Limited, Axis Capital Limited, and JM Financial Limited serve as the book running lead managers for the Gopal Namkeen IPO.
Registrar: Link Intime India Private Ltd has been appointed as the official registrar for the IPO.
Financial performance: Between the financial years ending on March 31, 2023, and March 31, 2022, Gopal Snacks Limited saw a 3.1 per cent increase in revenue and a significant rise of 170.52 per cent in profit after tax (PAT).
Source Agencies
