The Gopal Snacks IPO closed for subscription on March 11. The Gopal IPO, with a price band of ₹381 to ₹401 per share, is expected to raise around ₹193.94 crores. The minimum lot size for an application is 37 shares, requiring a minimum investment of ₹14,837 by retail investors. The Gopal Snacks IPO allotment is set to be finalised today.

If you applied for the IPO, here is how you can check the Gopal Snacks IPO allotment status.

Checking IPO Allotment Status on Registrar's Website:

Follow these steps to check the Gopal IPO allotment status

1. Visit the registrar's website.
2. Click on "Company Selection" and choose "Gopal Snacks" from the dropdown menu.
3. Then you can enter your PAN, application number, or Demat.
4. Enter the captcha and click Submit to retrieve the Gopal Snacks IPO allotment status

Checking IPO Allotment Status on BSE:

1. Go to the BSE website.
2. Click on the ‘Equity' section and select "Gopal Snacks" from the dropdown menu.
3. Enter your application number or PAN.
4. Click on the ‘Search' button.
5. The result will show the number of shares allotted to you.

If all the details are entered correctly and the allotment has been finalised, the Gopal Snacks IPO allotment status will be visible.

Gopal Snacks IPO Subscription Status

The Gopal Snacks IPO has seen a mixed response from different categories of investors. On the last day of bidding, the total subscription stood at 9.50 times. The retail individual investors' (RIIs) portion was oversubscribed by 4.22 times, while the non-institutional investors' (NII) portion saw an oversubscription of 10.00 times. The portion reserved for Qualified Institutional Buyers (QIBs) has been subscribed 18.42 times. The employees' category has shown a strong response with an oversubscription of 7.27 times.

See Also: Tata Investment Share Price: Is It A Good Buy?

Gopal Snacks IPO GMP

The Gopal Snacks IPO GMP is reported at ₹8. The Gopal IPO GMP has been sharply dipping, it was around ¤₹45 when the IPO opened for bidding. With the price band of ₹401, Gopal Snacks IPO could list at ₹409 an around 2% premium. However, investors should note that IPO GMPs are merely indicative and should not be the sole factor in deciding the company's performance upon listing.

Gopal Snacks IPO Details

The Gopal Namkeen IPO comprises solely of a fresh issue, with no Offer for Sale (OFS) component. The company plans to use the net proceeds from the IPO for prepayment or scheduled repayment of existing borrowings, financing working capital requirements, and general corporate purposes.

Prior to the IPO launch, Gopal Namkeen successfully secured ₹193.94 crores from anchor investors on March 5, 2024, by allocating 48,36,657 equity shares at ₹401 per share. The IPO's allocation structure reserves 50% for QIBs, 35% for retail investors, and 15% for NIIs.

Gopal Snacks

Founded in 1999, Gopal Namkeen is an FMCG company renowned for its diverse range of ethnic and Western snacks. Their extensive product line encompasses a variety of snacks such as namkeen, gathiya, wafers, extruded snacks, snack pellets, papad, spices, gram flour (besan), noodles, rusk, and soan papdi. With a total of 276 SKUs and 84 products across different categories as of November 2023, Gopal Namkeen caters to a wide range of tastes and preferences.

Gopal Snacks IPO Listing

The shares of Gopal Namkeen are expected to be listed on both the BSE and NSE on Thursday, March 14, 2024.

Read Next: Times Group’s Cricbuzz To Roll Out New Cricket Channel In Partnership With Dubai Firm