Gopal Snacks Limited, established in 1999, is launching its IPO - Gopal Snacks IPO. Known for its diverse range of snacks, including nankeen, gathiya, and wafers, the company has made a significant mark in the FMCG sector both in India and abroad.
Gopal Snacks Limited is set to launch its IPO from March 6 to March 11, 2024, aiming to raise Rs. 650.00 crores by offering Rs. 1.62 crore shares at Rs. 381 to Rs. 401 each. The IPO, managed by top financial firms, targets retail and institutional investors, with listings on BSE and NSE scheduled for March 14, 2024.
| Event | IPO Details |
|---|---|
| IPO Open Date | March 6, 2024 |
| IPO Close Date | March 11, 2024 |
| Price Band | Rs. 381 to Rs. 401 per share |
| Minimum Investment | Rs. 14,837 for 37 shares |
| Allotment Date | March 12, 2024 |
| Listing Date | March 14, 2024 |
| Managing Firms | Intensive Fiscal Services, Axis Capital, Jm Financial |
| Listing At | BSE, NSE |
| Registrar | Link Intime India Private Ltd |
Checkout the List of Upcoming IPO.
Gopal Snacks Limited, started in 1999, makes a wide range of snacks enjoyed in India and other countries. They create both traditional Indian snacks, like namkeen and gathiya, and Western favourites, including wafers and snack pellets. Besides snacks, they also offer products like papad, spices, and noodles. By November 2023, Gopal Snacks had a big selection of 276 items across 84 categories, meeting many people's taste preferences.
The company has made its mark by selling products in over 523 places across 10 states and two Union Territories. Their strong team of 741 sales and marketing professionals works with a vast network of three depots and 617 distributors. To ensure timely delivery, they use 263 vehicles. Gopal Snacks runs six manufacturing units with a large capacity to produce tons of snacks yearly. This setup shows their commitment to delivering tasty and diverse snack options to a wide audience.
Gopal Snacks Limited has shown impressive financial growth, with a notable increase in revenue by 3.1% and a surge in profit after tax (PAT) by 170.52% from FY 2022 to FY 2023. This growth highlights the company's strong market presence and operational efficiency.
| Period Ended | Assets (in Rs. Crore) | Revenue (in Rs. Crore) | Profit After Tax (in Rs. Crore) | Net Worth (in Rs. Crore) | Reserves and Surplus (in Rs. Crore) | Total Borrowing (in Rs. Crore) |
|---|---|---|---|---|---|---|
| 30 Sep 2023 | 434.54 | 677.97 | 55.57 | 346.10 | 333.17 | 26.05 |
| 31 Mar 2023 | 461.28 | 1,398.54 | 112.37 | 290.88 | 277.60 | 106.37 |
| 31 Mar 2022 | 399.72 | 1,356.48 | 41.54 | 177.66 | 176.56 | 164.12 |
| 31 Mar 2021 | 341.89 | 1,129.84 | 21.12 | 135.74 | 135.03 | 138.99 |
| Strengths | Weaknesses |
|---|---|
| 1. JG Chemicals Limited holds a prominent position in the ethnic savouries market, ranking fourth in India and second in Gujarat. | 1. Revenue is heavily dependent on a few products, such as namkeen, gathiya, and snack pellets, making the company susceptible to market changes. |
| 2. The company offers a diverse product range encompassing both ethnic and Western snacks, catering to varied consumer preferences. | 2. Primary sales are concentrated in Gujarat, leaving the company vulnerable to regional economic fluctuations. |
| 3. Its vertically integrated operations ensure quality control and cost efficiencies, enhancing the competitiveness of its products. | 3. Legal and regulatory proceedings involving the company and its stakeholders pose potential risks. |
| 4. This strategic approach could sustain the company's market position and facilitate future growth opportunities. |
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An IPO also known as initial pulic offering or stock launch is a process when a private company sale its shares to public for the first time. Learn more about IPO at our knowledge centre.
A lot size is the minimum number of shares that an investor has to bid for. A lot size differs for each IPO and is fixed by the company.
IPO Price Band is the price range within which investors can bid for the shares. The minimum price is called the floor price and the maximum price is called the cap price.
Issue size is the total value of an IPO. It is calculated by multiplying the number of shares offered by the company by the issue price per share.
You will receive an email on your registered email id if the IPO shares are allotted to you. Alternatively, you can also visit the registrar of the company’s official website and provide the details as asked in the allotment status section of the website.
IPOs, as such, do not have any taxes. You are taxed only when you decide to sell the IPO shares. Any monetary profit you make while selling the IPO shares is referred to as ‘capital gains’.
Capital gains tax is charged depending on how long you held the shares for. If you owned the shares for less than 12 months, it is considered as short-term capital gains and if it is over 12 months, it is referred as long-term capital gains.
Tax on short-term capital gains is 15%. It is 10% for equity gains in the long run (over 12 months). Do remember that you are taxed if the equity proceeds exceed Rs 1 lakh.
The price band for the IPO is set at Rs. 381 to Rs. 401 per share.
The IPO aims to raise Rs. 650.00 crore through the offer for sale of 1.62 crore shares.
The minimum lot size for the IPO is 37 shares.
The minimum investment required for retail investors is Rs. 14,837.
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