Gopal Snacks Seeks Rs 650 Crore via IPO: Key Details

11 Mar 2024 , 05:13 PM

Gopal Namkeen Limited’s initial public offering began on March 6 and ends today, March 11. Investors have one day left to apply for the public issue, with a set price of ₹381 to ₹401 per equity share, before the IPO’s bidding concludes today.

The book build issue had been booked 1.40 times in the first two days of bidding, according to the subscription status.

As of 5:23 pm, The issue was subscribed 9.02 times, while the retail and NII portions of the public offer were subscribed 4.01 and 9.50 times, respectively. The QIB category was overbooked 17.50 times.

The 37 equity shares in the Gopal Snacks IPO lot size are followed by multiples of 37 equity shares. A minimum of 15% of the shares in the public offering are designated for non-institutional institutional investors (NII), a maximum of 50% of the shares for qualified institutional buyers (QIB), and a minimum of 35% of the offer is set aside for retail investors.

Gopal Agriproducts, Dakshaben Bipinbhai Hadvani, and Bipinbhai Vithalbhai Hadvani are the company’s promoters. Intensive Fiscal Services Private Limited, Axis Capital Limited, and JM Financial Limited are the book running lead managers, while Link Intime India Private Ltd is the IPO registrar.

For feedback and suggestions, write to us at [e-mail]