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Gopal Snacks IPO Listing Tomorrow: Check Latest GMP, Allotment Status, Subscription Rate, And More

Gopal Snacks IPO is scheduled for listing on Thursday, 14 March on the exchanges. On Wednesday 13 March, Gopal Snacks was trading at a discount of Rs 12 in the grey market

Rajkot-based ethnic snacks maker Gopal Snacks has received a solid response from investors for its initial public offering from 6-11 March. The Rs 650 crore IPO has been subscribed 9.02 times on the final day of bidding. The price band was fixed in the range of Rs 381 to Rs 401 per equity share of the face value of Re 1. The lot size was 37 equity shares and in multiples thereafter.

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The company had offered its shares in the fixed price band of Rs 381-401 per share with a lot size of 37 shares. The quota reserved for non-institutional investors was subscribed 9.50 times, and qualified institutional investors (QIB) was booked 17.50 times. The portion booked for retail investors and employees witnessed bidding 4.01 times and 6.88 times, respectively.

Share allotment for the Gopal Snacks IPO has been finalised and bidders can check check allotment status on the Gopal Snack IPO registrar portal.

Gopal Snacks IPO is scheduled for listing on Thursday, 14 March on the exchanges. On Wednesday 13 March, Gopal Snacks was trading at a discount of Rs 12 in the grey market, according to investorgain.com.

Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Gopal Snacks IPO is Rs 389 per share, which is 2.99 per cent lower than the IPO price of Rs 402.

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Gopal Snacks IPO consists of an offer-for-sale (OFS) of equity shares worth Rs 650 crore by the promoters and other investors. Gopal Agriproducts Private Ltd and promoter Bipinbhai Vithalbhai Hadwani will be selling shares worth Rs 520 crore and Rs 80 crore, respectively. Another stakeholder Harsh Sureshkumar Shah will be selling shares worth Rs 50 crore.

The book-running lead managers for the Gopal Snacks IPO are Intensive Fiscal Services Private Limited, Axis Capital Limited, and JM Financial Ltd. Link Intime India Pvt Ltd is the registrar for the IPO.

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