Gopal Snacks is an FMCG company in India offering ethnic, western, and other products across India and internationally. In FY 2023, they were the fourth largest brand in the organised sector of ethnic savouries. Their product portfolio comprised 84 products with 276 SKUs across various product categories, addressing various tastes and preferences.
Their distribution network comprised 3 depots and 617 distributors, complemented by a sales and marketing team of over 700 employees. They rely on channels such as e-commerce, trade and exports. Their modern distribution management system helps them coordinate with distributors, as well as track inventory levels and distributor sales and thus make data-driven decisions.
They operate six manufacturing facilities comprising three primary manufacturing facilities and three ancillary manufacturing facilities. The three primary manufacturing facilities focus on the manufacturing of finished products. The three ancillary manufacturing facilities focus on producing besan or gram flour, raw snack pellets, seasoning and spices, which are primarily used for captive consumption in the manufacturing of finished products such as gathiya, namkeen and snack pellets.
The Indian organised ethnic savoury market is expected to grow at a CAGR of 8.78% ₹294 billion in FY 2023 to FY 2027. In the same period, the Indian organised western snacks market is expected to expand at a CAGR of 9.62% to ₹410 billion. Investing in an organised player in such growing sectors may help in growing your capital.
Gopal Snacks Ltd IPO Details
Gopal Snacks Ltd IPO Dates
Gopal Snacks IPO will be opened on March 6, 2024 and closed on March 11, 2024. The IPO will be listed on BSE and NSE.
Gopal Snacks Ltd IPO Price Band
Gopal Snacks is a book-built IPO of up to 16,209,476 equity shares. The price of the IPO is ₹381-₹401 per equity share.
Gopal Snacks Ltd IPO Lot Size
The Gopal Snacks Ltd IPO lot size is 37 shares.
Gopal Snacks Ltd IPO Objectives
The IPO is purely an offer for sale meant to give the existing shareholders an exit.
Peer Details
The following is a listed peer company of Gopal Snacks in India:
- Bikaji Foods International Limited
- Prataap Snacks Limited
How To Check the Allotment Status of the Gopal Snacks Ltd IPO?
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- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
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Contact Details of Gopal Snacks Ltd
Registered office: Plot Nos. G2322, G2323 and G2324, GIDC Metoda, Taluka Lodhika, Rajkot - 360 021, Gujarat, India.
Phone: +91 28 2728 7370
E-mail: cs@gopalsnacks.com
IPO Financials
| Particulars | Period Ending on September 30, 2023 | Year ending on March 31, 2023 | Year ending on March 31, 2022 |
|---|---|---|---|
| Total Income | 6,779.73 | 13,985.38 | 13,564.75 |
| Profit After Tax | 555.65 | 1,123.69 | 415.38 |
| Return on Capital Employed | 20.83% | 43.08% | 18.69% |
| Debt to Equity Ratio | 0.08 | 0.37 | 0.92 |
| Current Ratio | 3.79 | 2.13 | 1.14 |
Know before investing
Strengths
2They offer a diverse selection of quality products that strive to capture the Indian taste under the “Gopal” brand.
Most of their SKUs are in the price range of ₹10 to ₹5 which makes it attractive to the larger consumer base in India.
Risks
2They are significantly dependent on the sale of namkeen, gathiya and snack pellets. Their aggregate revenue from sale of namkeen, gathiya and snack pellets accounted for 88.96%, 85.25%, and 81.66% of their revenue from operations in Fiscal 2021, 2022, and 2023 respectively. This represents a significant concentration of revenue sources which may be risky.
The sale of their products is concentrated in Gujarat. In Fiscal 2021, 2022 and 2023, their revenue from the sale of products in Gujarat accounted for 74.31%, 76.27%, and 79.08% of their revenue from operations, respectively. This also poses another risk of concentration of revenue sources.
