Gopal Snacks IPO: The price range for each equity share, with a face value of Re 1, has been established between ₹381 and ₹401.
The IPO is available for subscription today (March 6). The company’s offering to raise ₹193.94 crores from anchor investors will close on March 11. Anchor investors received 48,36,657 equity shares valued at ₹401 each.
Gopal Snacks IPO Price band
The price range for each equity share, with a face value of Re 1, has been established between ₹381 and ₹401.
Lot size
The initial lot size consists of 37 equity shares, with additional multiples of 37 equity shares available thereafter.
Details
The IPO allocates a maximum of 50% of the shares in the public issue for qualified institutional buyers (QIBs), a minimum of 15% for non-institutional institutional investors (NIIs), and at least 35% of the offer is set aside for retail investors.
Gopal Snacks IPO promoters
The company’s promoters include Gopal Agriproducts, Dakshaben Bipinbhai Hadvani, and Bipinbhai Vithalbhai Hadvani. The IPO consists of an offer-for-sale (OFS) of equity shares valued at ₹650 crore by the promoters and other investors.
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Book running lead managers
The book-running lead managers for the IPO are Intensive Fiscal Services Private Limited, Axis Capital Limited, and JM Financial Limited. Link Intime India Private Ltd. is the registrar of the IPO.
GMP
According to investorgain.com, the Grey Market Premium (GMP) for Gopal Snacks IPO stands at +65, indicating that Gopal Snacks’ share price is trading at a premium of ₹65 in the grey market.
Company details
The company provides a diverse array of savory products including papad, spices, gram flour or besan, noodles, rusk, soan papdi, namkeen, and gathiya.
