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Gopal Snacks Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

₹ 650.00 cr

Price Range (₹)

₹ 401

Lot Size

37

Min Investment (₹)

₹ 14,837.00

Listing Exchange

MumbaiNSE

Open Date

06-Mar-2024

Close Date

11-Mar-2024

Listing Date

14-Mar-2024

Latest IPO News

    The Shares of Gopal Snacks Ltd have now been listed.

    Gopal Snacks Ltd IPO Details

    Initial public offering of up to 1,62,16,886 equity shares of face value of Re. 1 each (Equity Shares) of Gopal Snacks Limited (Company or Issuer) for cash at a price of Rs. 401 per equity share (including a share premium of Rs. 400 per equity share) (Offer Price) through an offer for sale of upto 1,62,16,886 equity shares aggregating up to Rs. 650.00 crores (Offer for Sale or Offer) by the selling shareholders (as defined below), comprising of up to 1,995,924 equity shares aggregating up to Rs. 80.00 crores by Bipinbhai Vithalbhai Hadvani, up to 12,973,510 equity shares aggregating up to Rs. 520.00 crores by Gopal Agriproducts Private Limited (collectively with Bipinbhai Vithalbhai Hadvani, the Promoter Selling Shareholders) and up to 1,247,452 equity shares aggregating up to Rs. 50.00 crores by Harsh Sureshkumar Shah (collectively with the promoter selling shareholders, the Selling Shareholders, and such equity shares offered by the selling shareholders, the Offered Shares). This offer included a reservation of up to 96,418 equity shares, aggregating up to Rs. 3.5 crores (constituting up to 0.08% of the post offer paid-up equity share capital) for subscription by eligible employees (the Employee Reservation Portion). The offer less the employee reservation portion is hereinafter referred to as the Net Offer. The offer and the net offer constituted 13.01% and 12.95%, respectively, of the post-offer paid-up equity share capital. The company and the selling shareholders, in consultation with the brlms, offered a discount of 9.48% to the offer price (equivalent to Rs. 38 per equity share) to eligible employees bidding in the employee reservation portion (Employee Discount). The face value of the equity shares is Re. 1 each and the offer price is 401 times the face value of the equity shares.

    Objective of issue

    Listing of the Equity Shares on the Stock Exchanges.

    Gopal Snacks Ltd Contact Details

    Gopal Snacks Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

    Phone - 91-22-49186000

    Fax - 91-22-49186060

    Email - cs@gopalsnacks.com

    Website - www.gopalnamkeen.com