The conclusion of the allocation process for the Gopal Namkeen IPO is anticipated to occur on Tuesday, March 12, 2024, with the listing scheduled for Thursday, March 14, 2024, on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
The commencement of the public issue for the initial public offering (IPO) of Gopal Snacks Limited is slated for Wednesday, March 06, 2024.
The fast-moving consumer goods (FMCG) enterprise has established the price band for its equity shares at Rs 381 to Rs 401 each, to raise up to Rs 650 crore.
Prospective investors interested in participating in the IPO are encouraged to do so between March 06 and March 11, 2024. The minimum bidding requirement commences at 37 equity shares, with subsequent bids to be placed in multiples of 37 shares.
Highlighted below are 10 pivotal details concerning the Gopal Snacks Limited IPO as it opens for subscription:
1. Subscription Period: The IPO subscription window will open on March 6 and close on March 11, 2024.
2. Price Range: The price bracket for the IPO is stipulated at Rs 381 to Rs 401 per equity share.
3. Fundraising Objective: The company aspires to secure Rs 650 crore via this IPO.
4. Grey Market Premium: The GMP for Gopal Snacks Limited currently stands at Rs 65, reflecting a listing premium of nearly 16 percent over the issue price.
5. Lot Size: Investors have the option to apply for the IPO in lots, with each lot comprising 37 company shares. The issue comprises solely an offer for the sale of 1.62 crore shares.
6. Allotment Date: The finalization of share allocation for the IPO is anticipated on March 12, 2024.
7. Listing Date: The shares are proposed to be listed on both the BSE and NSE on March 13, 2024.
8. 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.
9. Registrar: Link Intime India Private Ltd has been appointed as the official registrar for the IPO.
10. Financial Performance: Between the financial years ending on March 31, 2023, and March 31, 2022, Gopal Snacks Limited witnessed a 3.1 percent surge in revenue and a significant uptick of 170.52 percent in profit after tax (PAT).
