Gopal Snacks IPO Price: ₹381 to ₹401
IPO Date Range: Mar 6, 2024 - Mar 11, 2024
Established in 1999, Gopal Snacks Limited stands as a prominent FMCG company specializing in a diverse range of ethnic and Western snacks, catering to both the domestic Indian market and international clientele.
The company presents an extensive range of snack products encompassing diverse options. From ethnic delicacies like namkeen and gathiya to Western treats such as wafers, extruded snacks, and snack pellets. Additionally, they offer a variety of fast-moving consumer goods, including papad, spices, gram flour (besan), noodles, rusk, and soan papdi.
As of November 2023, the company boasts an impressive inventory of 276 SKUs, featuring 84 distinct products across different categories, ensuring a wide array of choices to meet various tastes and preferences.
The company operates six manufacturing units, comprising three primary facilities and three ancillary ones. The primary manufacturing units are strategically located in Nagpur, Maharashtra; Rajkot, Gujarat; and Modasa, Gujarat. Meanwhile, the ancillary units are situated in Rajkot, Gujarat, and one in Modasa, Gujarat.
As of September 2023, the company successfully distributed products to over 523 locations across 10 states and two Union Territories. At the same time, the sales and marketing team comprised 741 employees, supporting an extensive distribution network of three depots and 617 distributors. The company maintained a fleet of 263 logistics vehicles to facilitate its wide-reaching distribution.
Regarding production capabilities, the six facilities had a combined annual installed capacity of 404,728.76 metric tons. Among them, the three primary facilities, including the Rajkot facility producing papad, had a capacity of 303,668.76 metric tons. Simultaneously, the three ancillary facilities had a capacity of 101,060.00 metric tons (excluding papad).
Furthermore, in Gujarat, the company had established long-term relationships with 69 distributors, representing 24.73% of all distributors in the region and showcasing their sustained commitment.
| IPO Date | March 6, 2024 to March 11, 2024 |
| Listing Date | Thursday, March 14, 2024 |
| Face Value | ₹1 per share |
| Price Band | ₹381 to ₹401 per share |
| Lot Size | 37 shares |
| Total Issue Size | 16,209,476 shares (aggregating up to ₹650.00 Cr) |
| Offer For Sale | 16,209,476 shares (aggregating up to ₹650.00 Cr) |
| Employee Discount | Rs 38 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 124,604,370 |
| Share holding post issue | 124,604,370 |
Bidders have the opportunity to bid for a minimum of 37 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| 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 |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| IPO Open Date | Wednesday, March 6, 2024 |
| IPO Close Date | Monday, March 11, 2024 |
| Basis of Allotment | Tuesday, March 12, 2024 |
| Initiation of Refunds | Wednesday, March 13, 2024 |
| Credit of Shares to Demat | Wednesday, March 13, 2024 |
| Listing Date | Thursday, March 14, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 11, 2024 |
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During the fiscal year spanning from March 31, 2022, to March 31, 2023, Gopal Snacks Limited experienced a 3.1% growth in revenue, accompanied by a remarkable 170.52% surge in profit after tax (PAT).
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 | 30 Sep 2023 |
|---|---|---|---|---|
| Assets | 341.89 | 399.72 | 461.28 | 434.54 |
| Revenue | 1129.84 | 1356.48 | 1398.54 | 677.97 |
| Profit After Tax | 21.12 | 41.54 | 112.37 | 55.57 |
| Net Worth | 135.74 | 177.66 | 290.88 | 346.10 |
| Reserves & Surplus | 135.03 | 176.56 | 277.60 | 333.17 |
| Total Borrowing | 138.99 | 164.12 | 106.37 | 26.05 |
| KPI | Values |
|---|---|
| Market Cap (Rs Cr) | 4996.64 |
| P/E (x) | 44.47 |
| ROE | 16.05% |
| ROCE | 20.83% |
| Debt/ Equity | 0.08 |
| EPS | 9.02 |
| RoNW | 16.05% |
No proceeds from the Offer, referred to as the "Offer Proceeds," will be received by the Company. Instead, the Selling Shareholders will exclusively receive all Offer Proceeds, distributed proportionally based on the Offered Shares sold by each respective Selling Shareholder as part of the Offer.
Prospectus: Official documents that provide detailed information about the IPO and the company. Gopal Snacks DRHP and Gopal Snacks RHP.
An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.
Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.
The price range for the"Gopal Snacks Limited" IPO is ₹381 to ₹401 per share.
The "Gopal Snacks Limited" IPO is expected to be listed on Thursday, 14 March 2024.
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