Gopal Snacks Limited IPO’s opens today. Subscribe or Not?

Gopal Snacks IPO opens for subscription today (Wednesday, March 6), and will close on Monday, March 11. The Rajkot-based company has raised ₹193.94 crores from the anchor investors.

[{"selector":"#anim-ffcd07d5-ad80-4e6d-8693-668f6823e239 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(0%, 0%) scale(1)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Fill in some text

The company notified the bourses that it allocated 48,36,657 equity shares at ₹401 apiece on Tuesday, March 05, to anchor investors.

[{"selector":"#anim-21ba48bb-2b4d-4659-8000-a49651ce2a6e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

Gopal Snacks IPO price band has been fixed in the range of ₹381 to ₹401 per equity share of the face value of Re 1. The lot size is 37 equity shares and in multiples of 37 equity shares thereafter.

[{"selector":"#anim-4e59d51b-1ed6-407b-a97b-207e029b09ab [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0, 3.033980678341304e-7%, 0)","translate3d(0, 0%, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

It has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors

[{"selector":"#anim-75ae718d-f84f-4c5d-8d52-504410f89329 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

[{"selector":"#anim-f168270a-2fcd-4f57-a9f8-564a3a787cbc [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The employee portion has been reserved equity shares aggregating up to ₹3.5 crore. A discount of ₹38 per equity share is being offered to eligible employees bidding in the employee reservation portion.

The company’s listed peers as per the red herring prospectus (RHP) are Bikaji Foods International Ltd (with a P/E of 104.67), and Prataap Snacks Ltd (with a P/E of 137.87).

[{"selector":"#anim-5366b26c-02e7-4e4d-8672-e90016e71a31 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

Gopal Snacks IPO has received bids for 25,97,474 shares against 1,19,79,993 shares on offer, at 11:54 IST, according to data from the BSE.

[{"selector":"#anim-aaab7d47-3560-49e5-8146-434651cfa986 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Gopal Snacks IPO comprises an offer-for-sale (OFS) of equity shares worth ₹650 crore by the promoters and other investors.

[{"selector":"#anim-e10570a7-9e57-4f80-9584-ce6f47fd2134 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

This research serves educational and informational purposes only. It is not to be considered as a portfolio management service, basket recommendation, or investment advisory. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.

[{"selector":"#anim-1505e5dd-326e-4414-88cf-03b71f16658d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0, 3.033980523125658e-7%, 0)","translate3d(0, 0%, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]