Gopal Snacks IPO : 10 Key Insights for Potential Subscribers.
Gopal Snacks IPO: The initial public offering (IPO) of Gopal Snacks Limited is scheduled to be open for subscription from Wednesday, March 6, 2024. The FMCG company has set the price band for its equity shares at Rs 381 to Rs 401 each, with the aim of raising up to Rs 650 crore. Interested investors can participate in the IPO between March 6 and March 11, 2024. The minimum bid starts off evolved at 37 equity shares, with similarly bids to be made in multiples of 37 stocks.
Here are 10 essential points to consider regarding Gopal Snacks Limited’s IPO:
- Subscription Period: The IPO subscription window spans from March 6 to March 11, 2024.
- Price Range: The IPO’s price range is Rs 381 to Rs 401 per equity share.
- Fundraising Target: Gopal Snacks aims to raise Rs 650 crore through this IPO.
- Grey Market Premium (GMP): The GMP for Gopal Snacks stands at Rs 65, indicating a listing premium of approximately 16% over the issue price.
- Lot Size: Investors can apply for IPO shares in lots, with each lot comprising 37 company shares. The issue consists solely of an offer for sale of 1.62 crore shares.
- Allotment Date: Share allocation for the IPO is expected to be finalized on March 12, 2024.
- Listing Date: The shares are slated for listing 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 Snacks IPO.
- Registrar: hyperlink intime India private ltd has been appointed as the respectable registrar for the ipo.Top of Form
- Financial Performance: Between the financial years ending on March 31, 2023, and March 31, 2022, Gopal Snacks Limited witnessed a 3.1% increase in revenue and a substantial surge of 170.52% in profit after tax (PAT).