Gopal Snacks IPO Details Issue Price, Date, News, Allotment Status, GMP, Link, Updates

Gopal Snacks IPO Company Details:

Gopal Snacks Limited, a well-known FMCG company, was founded in 1999 and distributes a variety of different items, along with ethnic and western snacks, throughout 10 Indian states and two union territories. Under the ‘Gopal’ brand, the company sells a wide range of savory products. These include western snacks like wafers, extruded snacks, and snack pellets as well as traditional treats like namkeen and gathiya. Fast-moving consumer items such papad, spices, besan (gram flour), noodles, rusk, and soan papdi are also offered. with a broad range of products, comprising 276 SKUs in 84 distinct categories. With 5.33 locations in India, Gopal Snacks sells 8.01 million packets a day, catering to a diverse range of tastes and preferences. As of September 30, 2023, its strong distribution network included three depots and 617 distributors, all of whom were backed by a committed team of 741 sales and marketing personnel.  To help with distribution, the corporation keeps a fleet of 263 logistical vans. Six manufacturing sites are run by Gopal Snacks: three main sites are in Nagpur, Maharashtra; Rajkot, Gujarat; and Modasa, Gujarat; three subsidiary sites are in Rajkot, Gujarat; and one is in Modasa, Gujarat.

IPO-Note	Gopal Snacks Limited
Rs.381 – Rs.401 per Equity share	Recommendation: Apply for Listing Gains

---

---

Gopal Snacks IPO Details:

Gopal Snacks IPO Strengths:

• • A well-known participant in the Indian snack food industry with a focus on ethnic savory foods and a solid presence in Gujarat that enhances brand recognition with high-quality and varied products.

  • With a varied range of products, the company is well-positioned to take advantage of the growing Indian snack industry.

  • Having established itself as one of India’s top producers of gathiya, the company is taking advantage of the growing market for these snacks to look for new growth opportunities.

  • Manufacturing facilities that are positioned strategically to maximize productivity. Vertically integrated company operations guaranteeing superior product quality and efficient, low-cost procedures.

 

Trade AnyTime AnyWhere With Elite Empower Mobile App

 

Gopal Snacks IPO Risk Factors:

• Eight notices under the Food Safety and Standards Act of 2006 have been sent to the company. Seasonality affects business operations; fewer revenues are anticipated outside of holidays and during summer breaks from school, which could have an effect on the performance of the organization.

• Because the company operates in a competitive market, any rise in competition could be detrimental to it.

• A number of causes could cause revenue from operations, EBITDA, EBITDA margins, PAT, and PAT margins to decrease in the future.

• A number of legal and regulatory processes engage or may involve the Company, its Promoters, and its Directors. Noncompliance with food safety rules, environmental regulations, and other relevant requirements pertaining to industrial facilities may have an adverse effect on the enterprise.

Gopal Snacks IPO Financial Performance:

Gopal Snacks IPO Shareholding Pattern:

Particulars	Pre- Issue	Post Issue
Promoters Group	93.5%	80.49%
Others	6.5%	19.51%

Source: RHP, EWL Research

Gopal Snacks IPO Outlook:

Prominent FMCG brand Gopal Snacks Limited has a sizable customer base, a robust distribution network, and a varied product line. The business has shown that its financial performance is good. Notwithstanding these advantages, prospective investors are urged to thoroughly consider all pertinent considerations, including the issue price. To guarantee the best possible outcomes, a comprehensive evaluation is advised prior to taking part in the IPO.

Company is looking good valuation wise as it is priced at a P/E of 44.14 whereas the competitors are at a higher P/E which averages around 121.27. And we recommend investors to apply for listing gains.

Gopal Snacks IPO FAQ