Gopal Snacks shares listed at 13% discount, know how much it debuted – India TV Hindi

Investors opted for 10.81 crore equity shares against an offer of 1.19 crore.- India TV Paisa

Image: File Investors had opted for 10.81 crore equity shares against the offer size of 1.19 crore.

Shares of Gopal Snacks Ltd traded at a discount of around 13 percent on Thursday amid a falling market. The stock opened at ₹350, translating to a discount of 12.7%, against an offer price of ₹401 on the Bombay Stock Exchange index BSE. The stock is listed at ₹351, down 12.47% on the NSE. Before the listing, the company’s shares were trading at a discount of ₹25 in the unlisted market. However, the stock later recovered after a weak listing. At around 11:54 am, shares of Gopal Snacks Ltd were trading at Rs 366.95, up 4.84 per cent.

The IPO received strong support

The IPO of Gopal Snacks Limited received full support from investors. The IPO, which was open for subscription from March 6 to 11, received a total subscription of 9.50 times. It was 18.42 times reserve share for qualified institutional buyers, 10 times for non-institutional investors and 4.22 times for retail investors. While the share of employees was 7.27 times.

Get to know the company

According to Money Control News, Gopal Snacks Limited was established in the year 1999. This company sells ethnic and western snacks. The company’s goods go to many countries of the world. If we talk about the financial condition of the company, it has been consistently strong. According to the data, the company had earned a profit of Rs 21.12 crore in FY 2021. While in FY 2022, the same profit almost doubled to Rs 41.54 crore.

112.37 crore net profit in FY 2023. Talking about the current financial year i.e. 2023-24, the company has made a profit of Rs 55.57 crore during April to September 2023. 677.97 crores in revenue during this period. Update in progress.

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