Gopal Namkeen IPO: Gopal Snacks Limited, a renowned name in the Indian snacks industry, is all set to offer its shares to the public through an Initial Public Offering (IPO). With a legacy dating back to 1999, Gopal Namkeen has established itself as a household favourite, offering a wide range of delectable snacks such as namkeen, wafers, extruded snacks, snack pellets, papad, spices, gram flour, noodles, rusk, and soan papadi.
Gopal Namkeen IPO Details:
The Gopal Namkeen IPO will have an issue size of Rs 650 crores and will be a Book Built Issue IPO. The offer for sale includes 1.62 crore shares, with a price band of Rs 381 to Rs 401 per share. The lot size is 37 shares, requiring a minimum investment of Rs 14,837 for retail investors. The IPO opens on March 6, 2024, and closes on March 11, 2024, with the allotment date tentatively set for March 12, 2024, and the listing date on March 14, 2024, on both BSE and NSE.
Gopal Namkeen IPO Details
| Parameter | Details |
|---|---|
| Issue Size | Rs 650 crores |
| Offer Type | Book Built Issue IPO |
| Offer for Sale | 1.62 crore shares |
| Price Band | Rs 381 to Rs 401 per share |
| Lot Size | 37 shares |
| Minimum Investment | Rs 14,837 for retail investors |
| Issue Open Date | March 6, 2024 |
| Issue Close Date | March 11, 2024 |
| Allotment Date | March 12, 2024 (tentative) |
| Listing Date | March 14, 2024 (tentative) |
| Listing Platforms | BSE, NSE |
| Lead Managers | Intensive Fiscal Services Private Limited, Axis Capital Limited, JM Financial Limited |
| Registrar | Link Intime India Private Ltd |
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About Gopal Snacks Limited:
Gopal Snacks boasts a strong distribution network, with 523 locations across 10 states and two Union Territories. The company operates six manufacturing units in Nagpur, Rajkot, and Modasa, supported by a dedicated sales and marketing team of 741 employees. With three depots, 617 distributors, and 263 logistics vehicles, Gopal Namkeen can produce 404,728.76 MT annually.
Distribution Network and Manufacturing Capacity
| Parameter | Details |
|---|---|
| Locations | 523 locations across 10 states and 2 Union Territories |
| Manufacturing Units | 6 units in Nagpur, Rajkot, and Modasa |
| Sales and Marketing Team | 741 employees |
| Depots | 3 |
| Distributors | 617 |
| Logistics Vehicles | 263 |
| Annual Production Capacity | 404,728.76 MT |
Financial Performance:
In FY23, Gopal Snacks recorded a revenue of Rs 677.97 crore and a profit after tax (PAT) of Rs 55.57 crore. The company’s net worth stood at Rs 346.10 crore, with reserves and surplus amounting to Rs 333.17 crore. Gopal Snacks has maintained a healthy financial position, with an ROE of 16.05%, an ROCE of 20.83%, and a debt/equity ratio of 0.08.
Financial Information (FY23) of Gopal Namkeen IPO Review
| Parameter | Amount (in crore) |
|---|---|
| Revenue | Rs 677.97 |
| Profit After Tax | Rs 55.57 |
| Net Worth | Rs 346.10 |
| Reserves and Surplus | Rs 333.17 |
| ROE | 16.05% |
| ROCE | 20.83% |
| Debt/Equity Ratio | 0.08 |
Investment Outlook of Gopal Namkeen IPO 2024:
Analysts like Dilip Davda have given a positive rating to the Gopal Namkeen IPO, suggesting that it could be a rewarding investment opportunity for medium to long-term investors. With its strong brand presence, diversified product portfolio, robust distribution network, and solid financial performance, Gopal Snacks is well-positioned to capitalize on the growing demand for snacks in India.
Contact Information Gopal Namkeen IPO:
For more information about the Gopal Namkeen IPO, you can contact the company at Plot Nos. G2322, G2323, G2324, GIDC Metoda, Taluka Lodhika, Rajkot – 360021, phone: +91 282728737, email: cs@gopalsnacks.com, website: Gopal Namkeen.
Disclaimer: Please note that the above information is for informational purposes only and should not be considered as investment advice. Investors are advised to conduct their own research before investing in the Gopal Namkeen IPO.
