Gopal Snacks IPO GMP: The IPO of Gopal Snacks has opened for subscription from today. It will remain open till March 11. The company has fixed the price band of the IPO at Rs 381-401 per equity share.
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The IPO of Gopal Snacks opened for subscription on Wednesday March 6 and it will close on March 11.
Under the Gopal brand, the company sells different products. These include fast-selling consumer goods such as papad, masalas, besan or besan, noodles, rusk and soan papdi, as well as snacks such as namkeen and gandhia, and western snacks such as wafers, extruded snacks and snack pellets.
The IPO of Gopal Snacks, a company that sells items like snacks, chips and snacks, opened for subscription today i.e. Wednesday 6 March and will close on Monday 11 March. Meanwhile, the Rajkot-based company has raised Rs 193.94 crore from anchor investors on March 5.
The price band of Gopal Snacks IPO has been fixed between Rs 381 and Rs 401 per equity share for a face value of Rs 1 each.
The IPO of Gopal Snacks opened for subscription on Wednesday i.e. March 6 and it will close on March 11. The allotment to anchor investors for the Gopal Snacks IPO took place on Tuesday, March 5.
The book running lead managers to the IPO are Intensive Fiscal Services Pvt Ltd, Axis Capital Ltd and JM Financial Ltd. The registrar of the IPO is Link Intime India Private Limited.
The floor price of the IPO is 381 times the face value of equity shares and the cap price is 401 times the face value of equity shares. The lot size of the Gopal Snacks IPO is 37 equity shares i. e. investors will have to buy 37 shares in a minimum one lot.
Gopal Snacks IPO has reserved not more than 50 per cent shares in the public issue for Qualified Institutional Buyers (QIBs). Further, 35% is reserved for 15 retail investors for
The Gopal Snacks IPO comprises an offer for sale (OFS) of equity shares worth Rs 650 crore by promoters and other investors.
The IPO allotment of Gopal Snacks will be finalized on Tuesday i.e. March 12 and the company will start refunding investors who did not get the IPO from Wednesday, March 13. The shares will be credited to the demat account of the applicant investors on the same day after the refund.
The company informed the stock exchanges that it has allotted 48,36,657 equity shares to anchor investors at Rs 401 per share on Tuesday, March 5.
The shares of Gopal Snacks IPO are likely to be listed on NSE and BSE.
Gopal Snacks IPO GMP or Grey Market Premium is + 65. According to Investorge N.com, this indicates that the share of Gopal Snacks is trading at a premium of Rs 65 in the grey market.
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Considering the current premium at the upper end of the IPO price band and in the grey market, the estimated listing price of the share price of Gopal Snacks is Rs 466 per share, which is 16.21 per cent higher than the IPO price band of Rs 401.
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