The Initial Public Offering (IPO) of Gopal Snacks Limited was subscribed 56% on the first day of bidding.
The issue received bids of 66,79,388 shares against the offered 1,19,79,993 equity shares, at a price band of ₹381-401, according to the data available on the stock exchanges.
Employee Portion was subscribed 1.64 times. Retail Portion and Non-Institutional Investors Portion was subscribed 0.89 times and 0.49 times respectively, whereas Qualified Institutional Buyer Portion are still to see traction. The issue kicked off for subscription on Wednesday, March 06, 2024 and will close on Monday, March 11, 2024.
A day prior to the opening of the issue, Gopal Snacks Ltd had raised Rs 193.94 crores from anchor investors. Foreign and Domestic Institutions who participated in the anchor were Ashoka White Oak, White Oak MF, DSP MF, Quant MF, IIFL Wealth & Asset Management (360 One), Natixis, BNP Paribas, OptiMix Global Emerging Markets Share Trust, Edelweiss MF, HDFC Life Insurance, ITI MF, Leading Light Fund, Bay Capital, BoFA Securities and Copthall Mauritius.
