About Company’s Business:
A dynamic consumer goods company in India, prominently operating in Gujarat, ‘Gopal’ offers a diverse range of savory products, from traditional namkeen to modern snacks. The product portfolio comprises 84 items as of September 30, 2023, with 276 SKUs. The company runs six manufacturing facilities, strategically crafting finished products and essential ingredients across various locations in India.
About the Industry:
The Indian packaged food sector witnessed significant growth, soaring from ₹2,972 billion in 2018 to ₹4,622 billion in 2023, with projections to reach ₹6,767 billion by 2027 (Source: F&S Report). In Fiscal 2023, the savory snacks market, encompassing both western and ethnic varieties, was valued at ₹796 billion, expected to grow at an 11% CAGR, reaching ₹1,217 billion by Fiscal 2027. Western snacks and ethnic savories (including gathiya) contributed 51% and 49% to the market, respectively. The organized sector held a 57% market share in Fiscal 2023, anticipating a 11.7% CAGR from Fiscal 2023 to 2027.
Key Financial Information (₹ in million):
| Particulars | As at and for the Fiscal 2021 | For the six-month period ended September 30, 2022 | For the six-month period ended September 30, 2023 |
|---|---|---|---|
| Equity Share capital | 11.33 | 11.33 | 124.60 |
| Net Worth/Total equity (Equity Share capital and other equity) | 1,357.38 | 1,776.61 | 2,908.78 |
| Revenue from operations | 11,288.61 | 13,521.61 | 13,946.53 |
| Total income | 11,298.41 | 13,564.75 | 13,985.38 |
| Profit/(loss) after tax | 211.22 | 415.38 | 1,123.69 |
| Earnings per share (Basic and Diluted) | 1.70 | 3.33 | 9.02 |
| Net asset value per Equity Share | 10.89 | 14.26 | 23.34 |
| Total Borrowings | 1,389.91 | 1,641.20 | 1,063.72 |
Objective of the Issue:
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To carry out the Offer for Sale of Equity Shares by the Selling Shareholders aggregating to ₹6,500 million
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Achieve the benefits of listing the Equity Shares on the Stock Exchanges.
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General corporate purposes.
For more detailed information, you can refer to the IPO Prospectus (RHP) filed by the company.
| Important information regarding the IPO | |
|---|---|
| Open Date | Wednesday, March 6, 2024 |
| Close Date | Monday, March 11, 2024 |
| Issue Size | ₹650.00 Crores |
| Price | ₹381 to ₹401 per share |
| Lot Size | 37 Shares |
| Basis of Allotment | Tuesday, March 12, 2024 |
| Initiation of Refunds | Wednesday, March 13, 2024 |
| Credit of Shares to Demat | Wednesday, March 13, 2024 |
| Listing Date | Thursday, March 14, 2024 |
How to apply for this IPO?
You can locate the redirection link to the IPO on the home screen of the Dhan App. Alternatively, you can access it by navigating to the “Money” Section at the bottom right and swiping right to reach the “IPO” Tab.
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