Rajkot-based Gopal Snacks Limited has garnered Rs. 193.94 crores from anchor investors ahead of its initial public offering that opens for public subscription on Wednesday, March 06, 2024. The company informed the bourses that it allocated 48,36,657 equity shares at Rs. 401 per share on Tuesday, March 05, 2024, to 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
Out of the total allocation of 48,36,657 equity shares to the anchor investors, 16,95,455 equity shares were allocated to 5 domestic mutual funds through a total of 9 schemes amounting to Rs. 67.98 crore (approx.) i.e. 35.05 % of the Total Anchor Book Size.
Intensive Fiscal Services Private Limited, Axis Capital Limited, and JM Financial Limited are the book-running lead manager and Link Intime India Private Limited is the registrar to the offer. The equity shares are proposed to be listed on the BSE and NSE.
The issue is entirely an offer for sale (OFS) aggregating to Rs 650 crore.
The Company is proposing to open its initial public offering of Equity Shares (the “Offer”) on Wednesday, March 06, 2024, and closes on Monday, March 11, 2024. The price band for the Offer has been determined at Rs 381 – Rs 401 per equity share.
The IPO will fetch Rs 650 crore at the upper end of the price band.
