Gopal Snacks Ltd IPO

Are you looking for a tasty investment opportunity?

If yes, then you might want to check out the IPO of Gopal Snacks Limited, one of the leading FMCG companies in India that offers a wide range of ethnic and western snacks, and other products.

Gopal Snacks, also known as Gopal Namkeen, has launched its IPO to raise Rs 650 crore through an offer for sale of 1.62 crore shares. The price band for the IPO is set at Rs 381 to Rs 401 per share, and the issue will be open for subscription from March 6, 2024 to March 11, 2024. The company has already raised Rs 194 crore from anchor investors, including HDFC Mutual Fund, ICICI Prudential Mutual Fund, SBI Mutual Fund, and Aditya Birla Sun Life Mutual Fund.

So, what makes Gopal Snacks an attractive investment option?

Here are some key points to consider:

- Gopal Snacks has a strong brand presence and loyal customer base in Gujarat, Maharashtra, Rajasthan, and Madhya Pradesh, and is expanding its reach to other states and countries. The company has over 300 products in its portfolio, catering to different tastes and preferences of consumers.

- Gopal Snacks has a robust distribution network, comprising of over 1,000 distributors, 2,500 super stockists, and 4,000 sub-stockists. The company also sells its products through modern trade channels, e-commerce platforms, and institutional sales.

- Gopal Snacks has a state-of-the-art manufacturing facility in Rajkot, Gujarat, with a production capacity of 1.2 lakh metric tonnes per annum. The company follows stringent quality standards and has obtained various certifications, such as ISO, FSSAI, and HACCP.

- Gopal Snacks has a healthy financial performance, with a revenue of Rs 1,113 crore and a profit after tax of Rs 62 crore in FY21. The company has a return on net worth of 18.6% and an earnings per share of Rs 5.01 as of March 31, 2021.

- Gopal Snacks has a growth-oriented strategy, which includes enhancing its product portfolio, increasing its geographical presence, strengthening its distribution network, and investing in technology and innovation.

If you are interested in subscribing to the Gopal Snacks IPO, Click on this link -

https://www.finowings.com/IPO/gopal-snacks-ltd-ipo

The minimum lot size for the IPO is 37 shares, and the maximum lot size for retail investors is 481 shares. The allotment of shares is expected to be finalized on March 12, 2024, and the listing date is tentatively fixed as March 14, 2024.

Gopal Snacks IPO is a rare opportunity to own a piece of a leading snack company in India, with a proven track record, a diversified product portfolio, and a strong growth potential. Don't miss this chance to add some crunch and flavor to your portfolio!

Disclaimer: This post is for informational purposes only and does not constitute any investment advice. Please do your own research and consult your financial advisor before making any investment decision.