Gopal Namkeen IPO: Check IPOs Dates, Info and Allotment Status
Gopal Namkeen is set to entice the public market with its Initial Public Offering (IPO) scheduled from March 6, 2024, to March 11, 2024. As a prominent player in the snack industry, Gopal Namkeen has carved a niche for itself with a diverse range of products that resonate with the Indian palate. Below, we delve into the details of the IPO, providing insights into the company's financials, market positioning, and future prospects.
Gopal Namkeen IPO Details
| Attribute | Details |
|---|---|
| IPO Date | March 6, 2024, to March 11, 2024 |
| Listing Date | March 14, 2024 |
| Face Value | ₹1 per share |
| Price Band | ₹381 to ₹401 per share |
| Lot Size | 37 Shares |
| Total Issue Size | 16,209,476 shares (aggregating up to ₹650.00 Cr) |
| Offer for Sale | 16,209,476 shares of ₹1 (aggregating up to ₹650.00 Cr) |
| Employee Discount | ₹38 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
About Company
Gopal Namkeen, renowned for its quality snack offerings, has established a strong foothold in the Indian snack market. With a focus on taste, health, and hygiene, the company has continuously innovated its product range to meet the evolving consumer preferences.
Details of the Offer for Sale by the Selling Shareholders
The IPO is entirely an offer for sale (OFS) by existing shareholders, amounting to ₹650.00 Crore. This move is aimed at providing liquidity to the shareholders and bringing wider ownership to the company without altering the shareholding pattern post-IPO.
Company’s Financials
Gopal Namkeen has shown impressive financial growth, with a consistent increase in revenue and profitability. The company's commitment to quality and customer satisfaction has translated into solid financial performance and a loyal customer base.
Revenue Breakdown by Geography
The company's presence spans across various regions in India, with a significant revenue contribution coming from both urban and rural markets, reflecting its widespread acceptance and reach.
Revenue Breakdown by Segments
Gopal Namkeen offers a wide range of products including traditional snacks, namkeens, chips, and sweets. The diverse product portfolio ensures a balanced revenue stream across different product segments.
Total Expenses
Gopal Namkeen's total expenses have been efficiently managed, reflecting the company's focus on maintaining profitability while expanding its market reach and product range.
Client Concentration
With a broad-based clientele, the company has successfully minimized client concentration risk, catering to a wide demographic and geographic customer base.
Competitor Analysis
In a competitive market, Gopal Namkeen has distinguished itself through quality products, extensive distribution networks, and innovative marketing strategies, positioning itself strongly against competitors.
How can I apply for the Gopal Namkeen IPO?
Investors can apply via their Demat account by selecting the desired number of lots within the price band.
What is the minimum investment for the Gopal Namkeen IPO?
The minimum investment is for 37 shares, totaling approximately ₹14,837 at the upper price band.
When will Gopal Namkeen be listed on the stock exchange?
The company is scheduled for listing on March 14, 2024.
What are the prospects of investing in Gopal Namkeen?
Investors should consider the company's growth trajectory, market position, and financial health before investing. Consulting with a financial advisor is also recommended.