Gopal Snacks IPO: A Flavorful Opportunity for Investors

  • Stock Market Analysis

The forthcoming initial public offering (IPO) of Gopal Snack, also known as Gopal Namkeen, is generating considerable buzz in the market. With an issue size of INR 650.00 crores, the IPO comprises an offer for sale of 1.62 crore shares.

Scheduled to open on March 6, 2024, the Gopal Snacks IPO subscription window will remain open for six days until March 11, 2024. Investors are eager to participate in this book-built issue, which has a fixed price band of Rs 381 to Rs 401 per share.

SPECIAL OFFER: As a reader of Investing.com, you are eligible for a special offer for our InvestingPro stock market strategy and fundamental analysis platform at a discounted rate, with a 10% additional discount over the existing 40% for 2 years, thanks to the promo code "PROC324", valid for 1 and 2-year Pro+ and Pro subscriptions!

According to various unlisted market tracking websites, the grey market price (GMP) of Gopal Snacks is currently set at INR 120 per share, indicating strong investor interest.

For retail investors, the minimum lot size for application is 37 shares, requiring a minimum investment of INR 14,837. Meanwhile, for different categories of non-institutional investors (NII), the minimum lot size and corresponding investment amount vary.

The allotment of Gopal Snacks IPO shares is expected to be determined by Tuesday, March 12, 2024. Subsequently, the listing of Gopal Snacks IPO on both the BSE and NSE is scheduled for Thursday, March 14, 2024.

Given the anticipation surrounding this IPO and the company's reputation in the snack industry, investors are closely monitoring the subscription details and grey market price movement as they consider participating in this opportunity.

-----------------------------------------------------------------

X (formerly, Twitter) - aayushxkhanna

Click here to subscribe, and don't forget the promo code "PROC324", valid for Pro and Pro+ subscriptions of 1 and 2 years!

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100

Related Articles