Retail, QIB and NII's Subscription Status of Gopal Snacks Limited IPO as of 8th March 2024

Certainly! Here’s the subscription status for Gopal Snacks Limited IPO as of March 8, 2024:

The Gopal Snacks IPO aims to raise approximately ₹650 crores through its initial public offering. The price band for the IPO is set between ₹381 and ₹401 per equity share. The retail quota constitutes 35%, QIB allocation is 50%, and NII portion is 15%.

Investor Category Subscription Status
Retail Individual Investors (RII) 0.62 times
Non-Institutional Investors (NII) 0.23 times
Qualified Institutional Buyers (QIB) 0.00 times
Employees 1.24 times
Total Subscription 0.37 times

Gopal Snacks is a fast-moving consumer goods company in India, specializing in ethnic snacks and stern snacks. In Fiscal 2023, they were the fourth-largest brand in the organized sector of ethnic savories (including gathiya) in terms of market share in India. Additionally, they are the largest manufacturer of gathiya (in terms of production volume and sales revenue) and snack pellets (in terms of production volume) in India.

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Remember that the minimum market lot for the Gopal Snacks IPO is 37 shares, with an application amount of ₹14,837. The IPO is categorized as a Mainline IPO and will be listed on both BSE and NSE.

Investors are encouraged to consider the subscription numbers and make informed decisions. If you plan to apply, you can do so via ASBA (available in your bank account) or by downloading IPO forms online. 📈👍

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