Gopal Snacks Ltd. IPO

Gopal Snacks, India's savory king, tickles taste buds with a feast of flavors. Renowned for their "Gopal" brand, they are the leading ethnic snacks champion, holding the titles of largest gathiya and snack pellet maker in India, and ranking fourth in organized ethnic namkeen. Their empire extends beyond, encompassing western snacks, papads, spices, and more. Innovation reigns supreme, as Gopal boasts the highest fixed asset turnover, equity return, and capital employed return among peers. With revenue and profit soaring, Gopal is a snacking sensation, delighting palates across India and beyond.

RHP
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DRHP
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Open Date

2024-03-06

Close Date

2024-03-11

IPO Details

Check out the issue details for Gopal Snacks Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 401

Price Band

₹ 381 - 401

Issue Size

650 Cr.

Issue Type

Book Built

Open

2024-03-06

Close

2024-03-11

Listingprice

₹ 351

ListingGain

-12.47%

Listing Date

2024-03-14

CMP

₹ 344.3

Current Return

-14.14%

Company Financials

You can get the following financial statements of Gopal Snacks Ltd. as of now.

Subscription Details

The details about the Gopal Snacks Limited IPO is as:

  • The issue size of the IPO is 650 Cr.
  • The price band for Gopal Snacks Limited IPO is Rs 381 to Rs 401.
  • The shares of Gopal Snacks Limited IPO will list on 14th March 2024.
  • The latest tentative GMP of Gopal Snacks Limited IPO is Rs 25.
  • The employees of the company to get discount of Rs 38 per share in IPO. 
  • The shares of Gopal Snacks Limited IPO is subscribed 9.50 Times as of 11th March 2024. 

 

Gopal Snacks Limited IPO Valuation

The approx valuation of Gopal Snacks Limited IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 401
Existing Shares (Qty) 12.46 Cr
Market Cap 4996.46 Cr
EPS (FY23) Rs 9.02
PE Ratio 44.45x
Industry PE 121.27x

 

Gopal Snacks Limited IPO Issue Size

Gopal Snacks Limited IPO issue size is 650 Cr

Issue Amount
Fresh Issue 0 Cr
Offer For Sale 650 Cr

 

Gopal Snacks Limited IPO Market Lot

An Individual can apply for a minimum 1 lot of 37 shares and a maximum of 13 lots of 481 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 37 14,837
 Maximum 13 481 1,92,881

 

Gopal Snacks Limited IPO share offer

The shares of Gopal Snacks Limited IPO is subscribed 9.50 Times as of 11th March 2024. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 18.52 Times
Non-Institutional Minimum 15% 10.00 Times
Retail Individual Minimum 35% 4.22 Times
Employee 96,419 Shares 7.28 Times
Total   9.50 Times

Allotment Details

Find below the dates for Gopal Snacks Limited IPO:

Schedule Date
Basis of Allotment 12 March 2024
Refunds 13 March 2024
Credit to Demat Account 13 March 2024
IPO Listing Date 14 March 2024

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023
Net Sales 1127.67 1350.94 1394.29
Total Expenditure 1067.32 1256.14 1198.06
Operating Profit 60.35 94.8 196.23
Other Income 0.98 4.31 3.89
Interest 10.88 13.92 10.84
Depreciation 23.96 31.13 37.42
Exceptional Items 0 0 0
Profit Before Tax 26.5 54.06 151.85
Provision for Tax 5.38 12.52 39.48
Net Profit 21.12 41.54 112.37
Adjusted EPS (Rs.) 0.17 0.33 0.9

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 1.13 1.13 12.46
Total Reserves 134.61 176.53 278.42
Borrowings 75.81 79.35 48.51
Other N/C liabilities 25.07 25.77 25.03
Current liabilities 105.27 116.94 96.86
Total Liabilities 341.89 399.72 461.28
Assets
Net Block 174.89 213.44 238.29
Capital WIP 43.39 45.13 9.81
Intangible WIP 0 1.72 0.13
Investments 0.56 1.68 2.43
Loans & Advances 2.4 4.04 4.33
Other N/C Assets 0.01 0.01 0.08
Current Assets 120.65 133.7 206.22
Total Assets 341.89 399.72 461.28
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2023 Mar 2024
Other Income 1.21 1.42
Profit Before Tax 26.55 30.27
Tax 8.66 4.16
Profit After Tax 17.89 26.11
Adjusted EPS (Rs) 1.44 2.1

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 81.49 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023
Profit from operations 26.5 54.06 151.85
Adjustment 34.07 44.4 47.18
Changes in Assets & Liabilities -32.18 -30.98 -36.32
Tax Paid -5.95 -8.88 -41.18
Operating Cash Flow 22.43 58.59 121.52
Investing Cash Flow -75.67 -74.04 -25.12
Financing Cash Flow 57.5 11.75 -68.84
Net Cash Flow 4.26 -3.69 27.56
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