Gopal Snacks Limited Founded in 1999, Gopal Snacks Limited is an FMCG company that deals in ethnic and Western snacks, and other products in India and internationally.
The company offers a variety of snack products including ethnic snacks like namkeen and gathiya, as well as western snacks such as wafers, extruded snacks, and snack pellets. They also provide fast-moving consumer goods such as papad, spices, gram flour or besan, noodles, rusk, and soan papdi.
As of November 2023, the company had 276 SKUs along with 84 products from different categories, catering to various tastes and preferences.
As of September 2023, the company has sold its products to over 523 locations across 10 states and two Union Territories.
As of September 30, 2023, the sales and marketing team comprised 741 employees, complemented the extensive distribution network of three depots and 617 distributors. As of September 2023, the company has a fleet of 263 logistics vehicles to support its extensive distribution network.
The company has six manufacturing units out of which three are primary manufacturing units and three are ancilliary manufacturing units. The primary manufacturing units are in Nagpur, Maharashtra; Rajkot, Gujarat; and Modasa, Gujarat. The two ancillary units are situated in Rajkot, Gujrat and one unit is located in Madosa, Gujrat.
As of September 30, 2023, the six facilities had a total annual installed capacity of 404,728.76 MT. The three primary facilities, including the Rajkot facility that produces papad, had a capacity of 303,668.76 MT, while the three ancillary facilities had a capacity of 101,060.00 MT (excluding papad capacity).
As of September 30, 2023, 69 distributors in Gujarat have been associated with the company for more than ten years, representing 24.73% of the total distributors in Gujarat.
Gopal Snacks Limited IPO Timetable
| Particular | Date |
| IPO Open Date | 06 March 2024 |
| IPO Close Date | 11 March 2024 |
| Allotment Date | 12 March 2024 |
| IPO Listing Date | 14 March 2024 |
Gopal Snacks Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 1 Per Equity Share |
| IPO Price | Rs. 381 to Rs. 401 Per Equity Share |
| Market Lot | 37 Share |
| ISIN Code | |
| Listing At | NSE & BSE |
| Issue Size | Approx. Rs. 650 Crore. |
Gopal Snacks Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 37 | Rs. 14837 |
| Maximum | 13 | 481 | Rs. 192881 |
| Small HNI (Minimum) | 14 | 518 | Rs. 207718 |
| Big HNI (Minimum) | 68 | 2516 | Rs. 1008916 |
Gopal Snacks Limited IPO Allotment Status & IPO forms
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Company Financials:
| Particular | 31 March 2023 | 31 March 2022 | 31 March 2021 |
| Total Assets | 461.28 | 399.72 | 341.89 |
| Total Revenue | 1398.54 | 1356.48 | 1129.84 |
| Profit After Tax | 112.37 | 41.54 | 21.12 |
Company Promoters:
The promoters of the company are Bipinbhai Vithalbhai Hadvani, Dakshaben Bipinbhai Hadvani and Gopal Agriproducts
Purpose of the Issue
- The Company will not receive any proceeds from the Offer (the “Offer Proceeds”) and all the Offer Proceeds will be received by the Selling Shareholders, in proportion to the Offered Shares sold by the respective Selling Shareholders as part of the Offer.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| Gopal Snacks Limited Plot Nos. G2322, G2323 and G2324 GIDC Metoda, Taluka Lodhika, Rajkot -360 021 Phone: +91 28 2728 737 Email: cs@gopalsnacks.com Website: https://www.gopalnamkeen.com | Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: gopalsnacks@linkintime.co.in Website: https://linkintime.co.in/initial_offer/public-issues.html |
