URL copied to clipboard

Gopal Snacks Dips 12.5% in Market Debut, Despite High Demand.

Gopal Snacks' tepid stock market debut saw it open below issue price at ₹351 on NSE and ₹350 on BSE, a 12.5% discount despite oversubscribed QIB and NII portions
Gopal Snacks opens 12 Percent Lower

Gopal Snacks witnessed a lackluster debut on the stock market, opening below its issue price. Despite strong subscription interest during its IPO, with QIB and NII portions oversubscribed significantly, the stock opened at ₹351 on the NSE and ₹350 on the BSE, marking a 12.5% discount.

By the end of its third day, Gopal Snacks’ IPO garnered significant interest, with an overall subscription rate of 9.02 times. Retail investors subscribed 4.01 times, while non-institutional investors showed keen interest at 9.50 times. The qualified institutional buyers (QIB) portion was heavily oversubscribed at 17.50 times, and the employee portion saw a demand of 6.87 times.

Trade Intraday, Equity and Commodity in Alice Blue and Save 33.3% Brokerage.

Founded in 1999 as a partnership and later incorporated in 2009, Gopal Snacks Ltd is a leading FMCG company in India. It offers a diverse range of savory snacks under the brand ‘Gopal’ across ten states and two Union Territories. With six manufacturing facilities, including primary ones in Nagpur, Rajkot, and Modasa, the company produces ethnic and western snacks, along with other FMCG products.The main objective of the IPO is to build the brand reputation and achieve the benefits of listing, as the company will not receive any funds from the offer. 

Loading
Read More News