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IPO Note | Closed

Gopal Snacks Ltd

01-Jan-1900

Minimum Investment

14,837

Retail Investor can invest upto Rs 0 in IPO
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Retail Discount

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Open Date

06-Mar-24
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Close Date

11-Mar-24
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Application Timing

IPO Details

  • Min Order Quantity
    37
  • Price Range
    401-0
  • Issue Size
    650
  • Face Value
    1
  • Listing at
    BSE
  • IPO Doc
    DRHP PDFpdf - img

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Lead Manager

Axis Capital Ltd

About Company

Infollion Research Services Limited is a tech-oriented marketplace. They are operating in the B2B Human Cloud segment, catering to on-demand contingent hiring and work arrangements with senior management talent, subject matter experts, and high-ranking, seasoned professionals. In this highly dynamic and ever-evolving world, Infollion is providing a platform for workers or knowledge providers (gig workers) and employers or knowledge seekers to connect and find synergetic outcomes The client base of Infollion Research includes top-tier Global Management Consulting firms, Hedge funds, Private Equity funds, and mid-tier Corporates.

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    Parent Organization
  • founded-img
    Founded
  • managing-img
    Managing Director
  • websites-img
    Website
    www.gopalnamkeen.com
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    Registered Office
    Plot No G2322,G2323,G2324,GIDC Metoda Taluka Lodhika,
    Rajkot,360021,Gujarat

IPO Schedule

Offer Start

06-Mar-24

Offer End

11-Mar-24

Allotment Finalization

NA

Refund initiation

NA

Demat transfer

NA

Listing

NA

Key Objective

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 Rs. 401 per equity share (including a share premium of Rs. 400 per equity share) ("Offer Price") through an offer for sale of upto 1,62,16,886 equity shares aggregating up to Rs. 650.00 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 Rs. 80.00 crores by Bipinbhai Vithalbhai Hadvani, up to 12,973,510 equity shares aggregating up to Rs. 520.00 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 Rs. 50.00 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 Rs. 3.5 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 Rs. 38 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.

Financial Snapshot (Standalone)

Financial Year Ended Revenue( Crores) PAT ( Crores) EPS()
Mar 2024 1402.5 99.57 7.99
Mar 2023 1394.65 112.37 9.02
Mar 2022 1352.16 41.54 366.62
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