Rajkot-based Gopal Snacks Limited has fixed the price band at Rs 381 to Rs 401 per Equity Share of Face Value of Rs 1 Each for its initial public offer. The Initial Public Offering of the Company will open on Wednesday, March 06, 2024, for subscription and close on Monday, March 11, 2024. Investors can bid for a minimum of 37 Equity Shares and in multiples of 37 Equity Shares thereafter. The issue is entirely an offer for sale aggregating up to ₹650 crore. The Equity Shares are proposed to be listed on BSE and NSE.
The company offer a wide variety of savoury products under the brand ‘Gopal’, including ethnic snacks such as namkeen and gathiya, western snacks such as wafers, extruder snacks and snack pellets, along with fast-moving consumer goods that include papad, spices, gram flour or besan, noodles, rusk and soan papdi which are semi-perishable in nature.
As of September 30, 2023, product portfolio comprised 84 products with 276 SKUs across its various product categories, thereby addressing a wide variety of tastes and preferences. The company have expanded their footprint across India, with their products being sold over 523 locations in ten States and two Union Territories. The Company’s distribution network comprises of three depots and 617 distributors, complemented by its sales and marketing team comprising 741 employees.
The Company operates six manufacturing facilities in India, two of the three of primary manufacturing facilities located in Rajkot and Modasa in Gujarat and one in Nagpur, Maharashtra. Three ancillary manufacturing facilities located in Rajkot and Modasa.
