Gopal Snacks Limited
Book Built Issue IPO · NSE, BSE
- Price band
- ₹380 - ₹401
- Lot size
- 37 shares
- Issue amount
- ₹650 cr
- Total subscription
- 9.5×
- Opens
- 6 Mar 2024
- Closes
- 11 Mar 2024
- Allotment
- 12 Mar 2024
- Listing
- 14 Mar 2024
Offer at a glance
Issue overview
- Issue size
- 1,62,09,476 shares
- Face value
- ₹1 Per Equity Share
- Minimum investment
- ₹14,060
- Fresh issue
- ₹0 cr
- Offer for sale
- ₹650 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,837
- Issue type
- Book Built Issue IPO
- Shares before issue
- 12,46,04,370
- Shares after issue
- 12,46,04,370
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 37 | ₹14,837 |
| sHNI | 14 | 518 | ₹2,07,718 |
| bHNI | 68 | 2,516 | ₹10,08,916 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 129.3 | 2,381.52 |
| RETAIL | 226.27 | 955.46 |
| NIB | 96.97 | 969.47 |
| HNIs 2+ | 32.33 | 276.45 |
| HNIs 10+ | 64.65 | 693.01 |
| EMPLOYEES | 3.87 | 28.14 |
Financial performance
Company financials
in ₹ Crore · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 4.46 | 9.02 | 3.33 |
| ROE | 16.05 | 38.63 | 23.38 |
| ROCE | 20.83 | 43.08 | 18.69 |
| RONW | 16.05 | 38.63 | 23.38 |
| PRE IPO(PE) | 14.43 | 0 | 0 |
| POST IPO(PE) | 44.47 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Gopal Snacks Limited, established in 1999, has solidified its presence in the FMCG sector by offering a diverse range of ethnic and Western snacks, along with other consumer goods in India and globally. With an extensive portfolio of 276 SKUs across 84 categories as of November 2023, the company caters to a broad spectrum of consumer preferences. Its expansive distribution network spans 523 locations across 10 states and two Union Territories, supported by a dedicated sales and marketing team of 741 employees. Operating six strategically located manufacturing units, including primary facilities in Nagpur (Maharashtra), Rajkot (Gujarat), and Modasa (Gujarat), Gopal Snacks boasts a total annual installed capacity of 404,728.76 MT as of September 2023. With a strong foundation of long-standing distributor relationships, particularly in Gujarat—where 69 distributors have been associated for over a decade—the company continues to strengthen its market position, ensuring sustained growth in the competitive FMCG landscape.
Strengths
- Geographic Expansion
- Leverage its strong brand presence in Gujarat to expand into other states and establish a national footprint.
- Explore export opportunities to cater to the growing demand for ethnic Indian snacks in international markets.
- New Product Development
- Introduce healthier snack options, such as baked or high-protein variants, to align with changing consumer preferences.
- Innovate with flavors and packaging to attract younger demographics and urban consumers.
- Retail and Digital Presence
- Strengthen partnerships with modern retail chains, supermarkets, and quick commerce platforms.
- Expand e-commerce and direct-to-consumer (D2C) channels to increase reach and brand engagement.
- Supply Chain Optimization
- Invest in automation and technology to improve manufacturing efficiency and reduce production costs.
- Strengthen backward integration in raw material procurement to secure consistent supply and cost advantages.
- Brand Strengthening & Consumer Engagement
- Enhance marketing campaigns, leveraging digital and social media to strengthen consumer loyalty.
- Conduct taste trials and promotional events to increase brand recall in new markets.
Risk factors
- Expand beyond Gujarat into other key markets across India, particularly in states with high demand for ethnic snacks.
- Strengthen distribution networks in tier-2 and tier-3 cities to reduce reliance on Gujarat for revenue.
- Explore export opportunities to tap into the growing Indian diaspora market.
- Invest in advanced quality control measures and regular audits to ensure compliance with the Food Safety and Standards Act, 2006 and other regulations.
- Implement traceability systems to track ingredients and production batches, ensuring quick response to any quality concerns.
- Conduct supplier audits and strengthen raw material procurement policies to minimize contamination risks.
- Introduce healthier snack variants , such as low-oil, high-protein, or millet-based snacks, to cater to evolving consumer preferences.
- Expand the product portfolio with ready-to-eat or convenience snacks to target new customer segments.
- Leverage festive and regional preferences by launching limited-edition flavors and packaging.
- Optimize production planning to maximize facility utilization and reduce inefficiencies.
- Explore contract manufacturing or third-party production to better manage demand fluctuations and improve cost efficiency.
- Introduce automation and lean manufacturing practices to enhance productivity and reduce wastage.
- Establish a dedicated compliance team to monitor food safety regulations, labeling norms, and advertising guidelines.
- Proactively address regulatory notices with transparent reporting and corrective measures to avoid legal penalties.
- Introduce insurance coverage for product liability to mitigate financial risks from potential contamination or recalls.
Promoters
Bipinbhai Vithalbhai Hadvani
Dakshaben Bipinbhai Hadvani
Gopal Agriproducts
Read the latest IPO market update.
Registrar & documents
Lead manager
Intensive Fiscal Services Private Limited, Axis Capital Limited, Jm Financial Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Plot Nos. G2322, G2323 and G2324 GIDC Metoda, Taluka Lodhika, Rajkot -360 021
+91 28 2728 737
[email protected]Company website ↗Understanding GOPAL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.