Shares of Rajkot-based Namkeen Maker Gopal Snacks Limited made a weak debut on the exchanges amid an overall weak trend in the markets. The scrip listed at Rs 350 per share on BSE and Rs 351 per share on NSE, a 12% discount against its issue price of Rs 401. The company’s share price closed at Rs 360.05 per share on the BSE and at Rs 365.90 per share on the NSE, down 10% against its IPO price.
As per NSE, the total quantity traded stood at 84.63 lakh shares, on BSE the total Quantity stood at 5.47 lakh shares. Total Turnover (BSE+NSE) on Day 1 stood at Rs 330.94 crore.
The Market Capitalization of the Company at today’s closing price stood at Rs. 4,486.38 Crore as per BSE and Rs. 4,559.27 Crore as per NSE.
The Initial Public Offering of Gopal Snacks Limited was subscribed 9.02 times on the final day of bidding. Qualified Institutional Buyer Portion and Non-Institutional Investors Portion was subscribed 17.50 times and 9.50 times respectively. Employee Portion was subscribed 6.87 times, whereas, Retail Portion and 4.01 times.
Gopal Snacks is a fast-moving consumer goods company in offering ethnic snacks, western snacks and other products under our brand ‘Gopal’. It was established as a partnership firm in 1999 and subsequently incorporated as a company in 2009.
The company offer a wide variety of savoury products under the brand ‘Gopal’, including ethnic snacks such as namkeen and gathiya, western snacks such as wafers, extruder snacks and snack pellets, along with fast-moving consumer goods that include papad, spices, gram flour or besan, noodles, rusk and soan papdi which are semi-perishable in nature.
