Gopal Namkeen IPO

Gopal Namkeen IPO will open for subscription from 06 March 2024. The company aims for an issue size of ₹650 Cr through this IPO.

Company Overview

Full nameGopal Namkeen Limited
SectorFast Moving Consumer Goods
IndustryConsumer Food
Company Website

About Company

Gopal Snacks is a major player in India’s snacks industry with a leadership position in gathiya segment. In Fiscal 2023, it ranked fourth in market share among organized sector brands for ethnic savories in India. It holds the top position in gathiya production volume and sales revenue, as well as snack pellets production volume nationally. The company is the second largest ethnic namkeen manufacturer in Gujarat and the fourth largest packaged ethnic namkeen manufacturer in India based on sales revenue.

Additionally, Gopal Snacks is the fourth largest papad manufacturer in India by sales revenue. Their product range includes 84 items with 276 SKUs, catering to diverse tastes. The company operates in ten states and two union territories, selling through 523 locations, supported by 617 distributors and a sales team of 741 employees as of September 30, 2023. It utilizes various sales channels including ecommerce, modern trade, and exports.

The company owns six manufacturing facilities, with three primary ones in Nagpur, Maharashtra; Rajkot, Gujarat; and Modasa, Gujarat. These facilities primarily focus on finished product manufacturing. They also have three ancillary facilities producing raw materials for captive consumption. As of September 30, 2023, their total annual installed capacity across all facilities was 404,728.76 MT. Gopal Snacks also collaborates with third-party manufacturers for certain products when necessary.

The Objectives 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.

Gopal Namkeen IPO Timetable

IPO Opening date06 March 2024
IPO Closing11 March 2024
Basis of Allotment12 March 2024
Initiation Refund13 March 2024
Credit to Demat Account13 March 2024
Listing Date14 March 2024
(Cut-off time for UPI mandate confirmation – 5 PM on March 11, 2024)

Gopal Namkeen IPO details

Issue typeBook Built Issue IPO
IPO issue size₹650 Cr – 16,209,476 shares
Fresh Issue₹650 Cr – 16,209,476 shares
Offer for saleNil
Face value₹1 per share
Price Band₹381 to ₹401 per share
Lot size37 Shares
Shareholding pre-issue124,604,370
Shareholding post-issue124,604,370
Listing ExchangeBSE & NSE

Gopal Namkeen IPO Lot Size

Retail (Min)137₹14,837
Retail (Max)13481₹192,881
S-HNI (Min)14518₹207,718
S-HNI (Max)672,479₹994,079
B-HNI (Min)682,516₹1,008,916

Gopal Namkeen IPO Reservation Details

QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Gopal Namkeen Financial Performance

 FY 2021FY 2022FY 2023H1 FY 2024
Net income21.1241.54112.3755.56
Margin (%)1.873.078.068.22
(Amount in ₹ Crores)

Gopal Namkeen Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio
RONW (%)15.5623.3838.63
ROCE (%)13.4818.6943.08
EBITDA (%)5.357.0114.07

Company Promoters

  • Bipinbhai Vithalbhai Hadvani
  • Dakshaben Bipinbhai Hadvani
  • Gopal Agriproducts

Promoter Holding

Pre Issue Share Holding93.50%
Post Issue Share Holding

Gopal Namkeen IPO Lead Manager(s)

  • Intensive Fiscal Services Private Limited
  • Axis Capital Limited
  • JM Financial Limited

Gopal Namkeen Registrar

C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949

Gopal Namkeen Contact Details

Plot Nos. G2322, G2323 and G2324,
GIDC Metoda, Taluka Lodhika,
Rajkot – 360 021, Gujarat
Phone: +91 28 2728 7370

Gopal Namkeen IPO Allotment Status

Gopal Snacks IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.

Final thoughts

Gopal Namkeen IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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