IPO Dates:
The subscription for the Gopal Namkeen IPO opens on March 6, 2024, and closes on March 11, 2024.
Price Band: The price band for the IPO is set at ₹381 to ₹401 per share.
Issue Size: The IPO consists of 16,209,476 equity shares, aggregating up to ₹650.00 Crores. It is entirely an offer for sale of shares.
Minimum Lot Size: Retail investors can apply for a minimum of 37 shares.
Listing Date: The shares are expected to list on both BSE and NSE on Thursday, March 14, 2024.
Book Running Lead Managers: Intensive Fiscal Services Private Limited, Axis Capital Limited, and JM Financial Limited.
Registrar: Link Intime India Private Ltd.
Remember, this IPO provides an opportunity to invest in a company that deals in ethnic and Western snacks. If you’re interested, mark your calendar for the subscription window! 🎉📈
Business Background
Gopal Snacks Limited, also known as Gopal Namkeen, is a well-established Indian company specializing in the production of savory snacks. Here are some key points about their business background:
Founding and Legacy:
Gopal Snacks was founded in 1974 by Mr. Gopalji Gupta in Rajkot, Gujarat, India.
Over the years, the company has built a strong reputation for its high-quality and delicious namkeens (savory snacks).
Product Range:
Gopal Namkeen offers a wide variety of traditional and innovative snacks, including:
Sev: A crispy, spicy snack made from chickpea flour.
Gathiya: Another popular chickpea flour-based snack, available in various flavors.
Farsan: Assorted savory items like dhokla, khandvi, and fafda.
Chips: Potato chips, banana chips, and other regional specialties.
Chivda: A mixture of flattened rice, nuts, and spices.
Bhakarwadi: A spiral-shaped snack with a sweet and spicy filling.
Khakhra: Thin, roasted wheat crisps.
And many more…
Quality Assurance:
Gopal Namkeen emphasizes quality control and hygiene standards.
They use fresh ingredients and modern manufacturing processes to ensure consistent taste and texture.
Market Presence:
The brand has a strong presence in Gujarat and other parts of India.
Their products are widely distributed through retail stores, supermarkets, and online platforms.
IPO and Expansion:
The upcoming IPO aims to raise capital for expansion, marketing, and strengthening the company’s distribution network.
Investors have an opportunity to participate in the growth story of this well-loved snack brand.
Remember, investing in an IPO involves risks, so it’s essential to conduct thorough research and consider your investment goals before participating. 🌟📈
Financial Performance
Certainly! Let's delve into the financial performance of **Gopal Snacks Limited** based on available data:
1. **Revenue from Operations**:
- For the six months ending in **September 2023**, Gopal Snacks reported **revenue from operations** of **₹676 crore**.
- This figure represents a **3% year-on-year decline** compared to the same period in the previous year.
2. **Profit After Tax (PAT)**:
- During the same six-month period, the company's **profit after tax** increased marginally to **₹55.5 crore**.
- In the previous year, the PAT stood at **₹51.9 crore**.
3. **Growth Trajectory**:
- Despite the revenue dip, Gopal Snacks has exhibited remarkable financial growth over the years.
- From **Fiscal 2021** to **Fiscal 2023**, their revenue from operations surged at a **Compound Annual Growth Rate (CAGR) of 11.15%**, reaching **₹1,394.65 crore**.
- The profit witnessed an extraordinary CAGR of **130.65%**, escalating from **₹21.12 crore** to **₹112.37 crore** during the same period.
In summary, while the recent six-month performance showed a slight decline in revenue, the company's overall trajectory indicates positive growth. Investors considering the **Gopal Snacks IPO** should carefully evaluate these financial metrics before making investment decisions. 📈🌟
Factor Affecting
Certainly! The profitability of **Gopal Snacks Limited** can be influenced by several factors. Let's explore some key aspects:
1. **Raw Material Costs**:
- The prices of ingredients and raw materials used in snack production directly impact profitability.
- Fluctuations in commodity prices (such as pulses, spices, and oils) can affect the company's margins.
2. **Production Efficiency**:
- Efficient manufacturing processes lead to cost savings.
- Streamlined production lines, reduced wastage, and optimal utilization of resources contribute to profitability.
3. **Market Demand and Competition**:
- Consumer preferences and market trends influence sales.
- Intense competition from other snack manufacturers can affect pricing and market share.
4. **Distribution Network**:
- A robust distribution network ensures wider reach and better sales.
- Efficient logistics and distribution channels impact overall profitability.
5. **Brand Reputation and Marketing**:
- Positive brand perception drives customer loyalty.
- Effective marketing strategies, advertising, and brand-building efforts contribute to sales growth.
6. **Quality Control and Hygiene**:
- Maintaining consistent product quality is crucial.
- Adherence to hygiene standards prevents product recalls and reputational damage.
7. **Economies of Scale**:
- As production volume increases, costs per unit decrease.
- Expanding operations can lead to better profitability.
8. **Regulatory Compliance and Taxes**:
- Complying with food safety regulations and tax obligations is essential.
- Non-compliance can result in penalties and impact profits.
9. **Seasonal Variations**:
- Snack consumption patterns may vary seasonally (festivals, holidays, etc.).
- Companies need to manage inventory and production accordingly.
10. **Financial Management**:
- Efficient working capital management, debt control, and investment decisions affect profitability.
- Interest payments and financial charges impact the bottom line.
Remember that these factors interact dynamically, and successful management of these aspects contributes to sustained profitability. 🌟📊
Source: Conversation with Bing, 7/3/2024
gopal snacks ipo:
Gopal Snacks IPO opens tomorrow. 10 things to know .... https://economictimes.indiatimes.com/markets/ipos/fpos/gopal-snacks-ipo-opens-tomorrow-10-things-to-know-before-subscribing-to-the-issue/articleshow/108236811.cms.
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