Gopal Snacks IPO
Gopal Snacks IPO — date, price band, lot size & details 2024
Gopal Snacks listed on 14 Mar 2024 at ₹351, 12.5% below the ₹401 issue price.
Gopal Snacks is an FMCG company with a major presence in Gujarat, selling namkeen, gathiya, wafers and other snacks under the Gopal brand. Its total income was Rs 1,398.54 crore in FY2023.
Stock price
Gopal Snacks is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 11 November.
- Open 06 Mar 2024
- Close 11 Mar 2024
- Allotment 12 Mar 2024
- Refund/credit 13 Mar 2024
- Listing 14 Mar 2024
Issue summary
The terms of the offer, as filed.
| IPO Dates | 6 to 11 Mar, 2024 |
|---|---|
| Price Band | ₹381 – ₹401 |
| Face Value | ₹1 |
| Lot Size | 37 Shares |
| Issue Size | ₹650 Cr |
| Sale Type | OFS only |
| Listing On | BSE, NSE |
| Employee Discount | Rs 38.00 per share |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,837 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 37 shares at the ₹401 cut-off. Drag to size your application.
| 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 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Profit after tax rose from Rs 21.12 crore in FY2021 to Rs 112.37 crore in FY2023.
- 02Total borrowing fell from Rs 164.12 crore on 31 March 2022 to Rs 26.05 crore on 30 September 2023.
- 03It has 84 products and 276 SKUs across snacks and staples.
- 04Profit after tax was Rs 55.57 crore in the six months to 30 September 2023.
- 05The source puts return on net worth at 16.05%.
Risks · 5
- 01The whole Rs 650 crore issue was offer for sale, so no money went to the company.
- 02The pre-issue P/E was 44.47 at the upper band of Rs 401, based on EPS of Rs 9.02.
- 03Sales are concentrated in Gujarat, and total income grew slowly from Rs 1,356.48 crore in FY2022.
- 04Edible oil and other raw material prices can swing margins, and the source puts the PAT margin at 8.22%.
- 05Promoters and the promoter group held 93.5% before the issue and 81.49% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Gopal Snacks offer document.
| Metric | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 434.54 | 461.28 | 399.72 | 341.89 |
| Total Income | 677.97 | 1,398.54 | 1,356.48 | 1,129.84 |
| Profit After Tax | 55.57 | 112.37 | 41.54 | 21.12 |
| NET Worth | 346.10 | 290.88 | 177.66 | 135.74 |
| Total Borrowing | 26.05 | 106.37 | 164.12 | 138.99 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Gopal Snacks RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Gopal Snacks IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹9.02 | ₹8.92 |
| P/E Ratio (x) | 44.47 | 44.96 |
| Market Cap at Offer Price (₹ Cr) | ₹2,470.46 | ₹2,498.16 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹401 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
How the company intends to use the proceeds of the issue.
Information about the usage of proceeds from the Gopal Snacks IPO will be updated shortly.
About the company
Its range includes ethnic snacks such as namkeen and gathiya, western snacks such as wafers, snack pellets and extruded snacks, and other products such as papad, spices, besan, noodles, rusk and soan papdi.
On 30 September 2023 its portfolio had 84 products and 276 SKUs. It operates six manufacturing facilities, including three primary ones.
The IPO was Rs 650 crore and was entirely an offer for sale by the promoters and another shareholder, so the company received none of the money.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Gopal Snacks IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
JM Financial Ltd.
125 issues handledBest listing: Tata Technologies (+140.0%). Weakest: ACME Solar Holdings (-13.1%).
Axis Capital
126 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
Intensive Fiscal Services Pvt. Ltd
8 issues handledBest listing: Chemcon Speciality Chemicals (+115.0%). Weakest: Baazar Style Retail (0.0%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Gopal Snacks?
The current Grey Market Premium is ₹15, or 4% over the issue price.
What is the Gopal Snacks IPO price band?
₹381 to ₹401, on a face value of ₹1.
When is the allotment?
The basis of allotment is 12 March 2024, with listing on 14 March 2024.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
