Gopal Snacks Limited IPO: Subscription Status and Latest GMP Update

Gopal Snacks Limited's Initial public offering (IPO) was oversubscribed, in part due to a surge in the retail sector.

On Wednesday, March 6, 2024, the public offering of Gopal Snacks' Rs 650 crore began.

As of the most recent update, the corporation claimed 1.48 times overall subscriptions. Based on the most recent information, of the 1,13,81,955 shares that are available, a bid for 1,68,29,746 shares has been received by the IPO.

The retail sector saw 2.13 subscriptions to the public issue, the QIB category saw 0.10 subscriptions, and the NII category saw 1.71 subscriptions.

The equity shares of the corporation have a face value of Rs 1 per share and a price range of Rs 381 to Rs 401 apiece.

Gopal Snacks Limited IPO: Details and Bidding Structure

The IPO (Initial Public Offering) of Gopal Snacks Limited is scheduled to occur from March 6 to March 11, 2024, providing an opportunity for interested investors to participate in the company's public offering.

During this period, investors can submit their bids to acquire equity shares of Gopal Snacks Limited. It's worth noting that the minimum bid requirement is set at 37 equity shares,

Ensuring that investors have the flexibility to participate in the offering according to their investment preferences.

Additionally, subsequent bids must be placed in multiples of 37 shares, enabling investors to tailor their bid sizes accordingly.

This structure allows for a diverse range of investors to participate in the IPO, whether they prefer smaller or larger bid sizes, while maintaining consistency in the bidding process.

Current GMP for the IPO of Gopal Snacks

The most recent Grey Market Premium (GMP) for the Gopal Snacks IPO is Rs 21.

The forecast listing price for the IPO, with a price band of Rs 401, is predicted to be Rs 422 (cap price + today's GMP), meaning that a 5.34 percent percentage gain or loss per share is anticipated.

Is it appropriate for you to subscribe?

Master Capital Services Limited stated that there is a medium-to-long-term subscription period for the IPO.

"Investors looking to invest, can invest in this IPO with a medium to long term perspective," it stated.

They emphasized the wide variety of products offered by Gopal Snacks under the "Gopal" brand, which appeal to Indian palates.

It said that the firm stands out from the competition due to its well-known brand, especially in Gujarat, which is its primary market.

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