Gopal Snacks IPO Anchor Allocation at 29.82%

About Gopal Snacks IPO

Gopal Snacks is set to launch its Initial Public Offering (IPO), valued at Rs 650.00 crores, entirely through offer for sale of 1.62 crore shares. Subscription period for IPO will be from March 6, 2024, to March 11, 2024. Allotment is expected to be finalized by March 12, 2024, with listing planned for March 14, 2024.

Price band for Gopal Snacks IPO is fixed at ₹381 to ₹401 per share, with minimum lot size of 37 shares. Retail investors are required to invest minimum of ₹14,837. For sHNI, minimum lot size is 14 lots (518 shares), amounting to ₹207,718, & for bHNI, it is 68 lots (2,516 shares), totaling ₹1,008,916.

IPO is managed by Intensive Fiscal Services Private Limited, Axis Capital Limited, & JM Financial Limited, with Link Intime Indi Private Ltd serving as registrar. Notably, company will not receive any proceeds from offer, as all funds will go to selling shareholders. Objective of offer is to carry out offer for sale of up to ₹6,500 million by selling shareholders & to achieve benefits of listing equity shares on stock exchanges.

Regarding utilization of net offer proceeds by selling shareholders, they will receive all offer proceeds net of offer expenses, in proportion to offered shares sold. Company will not receive any proceeds from offer, & no members of promoter group or senior management will receive any portion of offer proceeds, except for selling shareholders.

Overall, Gopal Snacks IPO presents opportunity for investors to participate in company's growth trajectory through offer for sale of shares. IPO aims to provide liquidity to existing shareholders while facilitating listing of equity shares on stock exchanges. Investors should carefully evaluate IPO prospectus & financials before making investment decisions. IPO will be lead managed by Intensive Fiscal Services Private Limited, Axis Capital Limited, Jm Financial Limited, while Link Intime Indi Private Ltd will be IPO registrar.

Overview of anchor allocation of Gopal Snacks Ltd

Allocation of shares under IPO for listed company showcases well-distributed offering aimed at catering to various investor categories.

Employee Reservation: Nominal reservation of 0.59% of total IPO offer size is allocated for employees, highlighting token gesture towards internal stakeholders' participation.

Anchor Allocation: Substantial anchor allocation of 29.82% indicates strong interest & confidence from institutional investors, often considered positive signal for retail investors.

QIB, NII, & Retail Allocation: IPO offers balanced distribution among different investor categories. Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), & Retail investors are allocated 19.88%, 14.91%, & 34.79% of total IPO offer size, respectively, ensuring inclusivity & accessibility to broad spectrum of investors.

Total Shares Offered: In IPO amount to 16,218,612 shares, representing 100% of total IPO offer size. This comprehensive offering ensures adequate liquidity & distribution across various investor categories, facilitating successful IPO launch.

Dat Source: BSE, QIB consist of Anchor Investor

Anchor Allocation Process

Gopal Snacks Limited is set to offer 4,836,657 shares in its upcoming IPO, with anchor portion size of ₹193.95 crore. Anchor investors will be subject to lock-in period, with 50% of shares unlocking on April 11, 2024, & remaining 50% on June 10, 2024. This structure aims to ensure stability & investor confidence post-listing, highlighting company's strategic approach to managing shareholder interests.

Anchor allocation investors in Gopal Snacks Ltd

IPO Committee of Company at its meeting held on March 05, 2024, in consultation with Book Running Lead Managers to Offer, has finalized allocation of 48,36,657 Equity Shares, to Anchor Investors at Anchor Investor allocation price of Rs.401/- per Equity Share (including share premium of Rs. 400/- per Equity Share) in following manner:

Dat Source: BSE Filings (Value Allocated ₹ in Crore)

In Mutual Funds, total of nine schemes were used to distribute 16,95,455 equity shares, or 35.05 percent, of 48,36,657 equity shares that were allotted to Anchor Investors to five domestic mutual funds. Detailed & comprehensive report on anchor allocation with mutual fund portion separated (if any) can be accessed by clicking on link below.

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20240305-55

Detailed report is available in PDF format & can be downloaded by clicking on link above. Alternatively, readers can also opt to cut this link & paste in their browser, in case link is not directly clickable. details of anchor allocation can also be accessed in Notices section of BSE on its website www.bseindia.com.

Key dates for Gopal Snacks Limited IPO & how to apply?

Gopal Snacks Limited is set to launch its Initial Public Offering (IPO), providing investors with opportunity to become part of its growth story. Below are key dates associated with IPO process:

IPO Opening Date: Wednesday, March 6, 2024

IPO Closing Date: Monday, March 11, 2024

Basis of Allotment: Tuesday, March 12, 2024

Initiation of Refunds: Wednesday, March 13, 2024

Credit of Shares to Demat Account: Wednesday, March 13, 2024

Listing Date: Thursday, March 14, 2024

Cut-off Time for UPI Mandate Confirmation: 5 PM on March 11, 2024

Investors interested in participating in Gopal Snacks Limited IPO can follow these steps to apply:

1. Check Eligibility: Ensure you meet eligibility criteri set by IPO, such as minimum investment requirements & other specifications.

2. Open Demat Account: If you don't already have one, open Demat account with registered Depository Participant (DP) to hold your securities electronically.

3. Apply Online: Investors can apply for IPO through their respective brokers or by using online platform provided by stock exchanges. Ensure you have valid UPI ID linked to your bank account for payment.

4. Fill Application Form: Fill out IPO application form with accurate details, including number of shares you wish to apply for & price band offered by company.

5. Make Payment: Make payment for subscribed shares using UPI payment method before cut-off time mentioned in IPO schedule.

6. Check Allotment Status: After basis of allotment is finalized, check allotment status online through official website of registrar or stock exchanges.

7. Receive Shares: Upon successful allotment, shares will be credited to your Demat account on specified date, allowing you to participate in company's stock listing.

8. Monitor Listing: Keep track of listing date to monitor performance of company's shares in secondary market & make informed investment decisions.

By following these steps & staying informed about key dates, investors can effectively participate in Gopal Snacks Limited IPO & potentially benefit from its future growth prospects.