Gopal Snacks IPO Retail And NII Portion Fully Subscribed on Day 2

7 Mar 2024 , 08:08 PM

Gopal Snacks seems to be gaining traction after a sluggish start to its second day of IPO, as the retail portion was completely booked within a few hours of opening. The total subscription rate looks to be robust on day two and is approaching close to reaching maximum capacity.

According to BSE data, as of 16:38 IST, The Gopal Snacks IPO had an overall subscription rate of 130%. On the second day, the portion for retail investors has been subscribed 1.92 times, the portion for non-institutional investors (NII) has been booked 139%, and the portion for qualified institutional buyers (QIB) has been booked 9%.  The employee component has been oversubscribed 3.18 times.

Day 1 subscription status for Gopal Snacks IPO was 56%, as per BSE statistics. Qualified Institutional Buyers (QIB) have not yet been booked, while Non Institutional Investors (NII) have reserved 49% of the space and individual investors have subscribed 89% of the space. 1.64 subscriptions have been made to the employee component.

Subscriptions for the Gopal Snacks initial public offering (IPO) began on March 6 and will end on March 11 on Monday. The anchor investors have contributed ₹193.94 crores to the Rajkot-based enterprise.

The price band for each equity share of Re 1’s face value has been set at ₹381 to ₹401. 37 equity shares make up the lot, and afterward, there will be multiples of 37 equity shares.

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