FMCG/Snacks - Listed on 14 March 2024
Gopal Snacks (FMCG/Snacks) closed its IPO window in 2024 and listed on NSE and BSE on 14 March 2024 at an upper band issue price of Rs 401, opening at Rs 351 for a listing gain of -12.5% and closing day one at Rs 362.7 (-9.6% on closing basis). The IPO was subscribed 9.02x overall - QIB 17.50x, HNI/NII 9.50x, Retail 4.01x. The total issue size was Rs 650 Cr (Fresh Issue Rs 0 Cr, OFS Rs 650 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
FMCG/Snacks
Gopal Snacks operates in the FMCG/Snacks space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The Gopal Snacks issue was offered at an upper price of Rs 401 and raised approximately Rs 650 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 135 | +3.74% |
| Day 2 | Rs 120 | +5.24% |
| Day 3 | Rs 80 | +5.74% |
| Day 4 | Rs 50 | +6.23% |
| Day 5 | Rs 21 | +5.74% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the Gopal Snacks IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Gopal Snacks IPO listed at -12.5% versus the upper issue price of Rs 401 on 14 March 2024.
Gopal Snacks IPO was subscribed 9.02x overall. QIB portion was subscribed 17.50x, HNI / NII 9.50x and Retail 4.01x.
IPO GMP started at Rs 135 on Day 1 and moved to Rs 21 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.