IPO IPO-Synopsis
Gopal Snacks Ltd

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Registered Office: Plot No G2322,G2323,G2324,GIDC Metoda Taluka Lodhika , Rajkot - 360021 , Gujarat , India.
Phone : +91 28 2728 7370   Fax:
Email :  cs@gopalsnacks.com  
Website :  www.gopalnamkeen.com
Initial public offering of up to 1,62,16,886 equity shares of face value of Re. 1 each ("Equity Shares") of Gopal Snacks Limited ("Company" or "Issuer") for cash at a price of Rs401 per equity share (including a share premium of Rs400 per equity share) ("Offer Price") through an offer for sale of upto 1,62,16,886 equity shares aggregating up to Rs650.00 crores ("Offer for Sale" or "Offer") by the selling shareholders (as defined below), comprising of up to 1,995,924 equity shares aggregating up to Rs80.00 crores by Bipinbhai Vithalbhai Hadvani, up to 12,973,510 equity shares aggregating up to Rs520.00 crores by Gopal Agriproducts Private Limited (collectively with Bipinbhai Vithalbhai Hadvani, the "Promoter Selling Shareholders") and up to 1,247,452 equity shares aggregating up to Rs50.00 crores by Harsh Sureshkumar Shah (collectively with the promoter selling shareholders, the "Selling Shareholders", and such equity shares offered by the selling shareholders, the "Offered Shares"). This offer included a reservation of up to 96,418 equity shares, aggregating up to Rs3.5 crores (constituting up to 0.08% of the post offer paid-up equity share capital) for subscription by eligible employees (the "Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer constituted 13.01% and 12.95%, respectively, of the post-offer paid-up equity share capital. The company and the selling shareholders, in consultation with the brlms, offered a discount of 9.48% to the offer price (equivalent to Rs38 per equity share) to eligible employees bidding in the employee reservation portion ("Employee Discount"). The face value of the equity shares is Re. 1 each and the offer price is 401 times the face value of the equity shares.

Issue Money Payable On
Opens On Closes On Application Allotment
06-Mar-24 11-Mar-24 Rs401.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :37  Further Multiples of :37

  Rs Cr Lead Managers to the Issue
Project Cost 0.00
Axis Capital Ltd
Project Financed through Current Offer 650.00  
Post Issue Equity Share Capital 12.46  
Issue Price Rs401.00  
Projects
Listing of the Equity Shares on the Stock Exchanges
Promoted By
Bipinbhai Vithalbhai Hadvani
Dakshaben Bipinbhai Hadvani
Gopal Agriproducts Pvt Ltd
Listing At
BSE 
NSE 
Registrar to the Issue
Link Intime India Pvt Ltd