Gopal Snacks IPO price band fixed at Rs 381-401/share; issue to open on March 6
The floor price is 381 times the face value of shares at Re 1 apiece while the cap price is 401 times.
Bids can be made for a minimum of 1 lot or 37 shares and in multiples thereafter.
Since the IPO is an OFS, the company will not receive any proceeds and the entire funds will go to selling shareholders, who are Bipinbhai Vithalbhai, Gopal Agriproducts and Harsh Sureshkumar.
Gopal Snacks IPO Structure
About 50% of the offer will be available for qualified institutional investors for reservation, 35% for retail investors and 15% for non-institutional investors.
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About Gopal Snacks
Gopal Snacks is a fast-moving consumer goods (FMCG) company in India with a major presence in Gujarat, offering a wide variety of savoury products under its brand ‘Gopal’, including ethnic snacks such as namkeen and gathiya, western snacks such as wafers, snack pellets and extruder snacks.
As of September 2023, its product portfolio comprised 84 products with 276 SKUs across our various product categories. The company operates six manufacturing facilities comprising three primary manufacturing facilities and three ancillary manufacturing facilities in India.
The three primary manufacturing facilities are located at Nagpur, Rajkot and Modasa and these facilities primarily focus on the manufacturing of the company's finished products.
The three ancillary manufacturing facilities primarily focus on producing besan or gram flour, raw
