Gopal Snacks IPO
Gopal Snacks Limited (GOPAL) · mainboard IPO on NSE and BSE. Listed on 14 March 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain -1.6% (likely range -3% to +12%), day's high +3.2%, chance of a gain 33%. Actual: -12.5% at the open, -4.0% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 33,93,700 | 5,93,89,588 | 17.5x | |
| NII (HNI) total | 25,45,276 | 2,41,75,800 | 9.50x | |
| Big NII (above ₹10 lakh) | 16,96,850 | 1,72,82,145 | 10.2x | |
| Small NII (₹2-10 lakh) | 8,48,426 | 68,93,655 | 8.13x | |
| Retail | 59,38,977 | 2,38,41,320 | 4.01x | |
| Employees | 1,02,040 | 7,02,038 | 6.88x | |
| Total | 1,19,79,993 | 10,81,08,746 | 9.02x |
Bids on NSE and BSE together, as published by NSE, as of 11 Mar 2024, 07:00 PM. Shares offered exclude the anchor portion.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Gopal Snacks's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Future Supply Chain SolutionsDec 2017 | 12.4x | 11.2x | 3.28x | 7.56x | ₹650 Cr | 0.0% | +5.3% |
| GPT HealthcareFeb 2024 | 17.3x | 11.0x | 2.44x | 8.52x | ₹525 Cr | +15.6% | +18.2% |
| Zaggle Prepaid Ocean ServicesSep 2023 | 16.7x | 8.85x | 5.94x | 12.6x | ₹574 Cr | 0.0% | +7.3% |
| Newgen Software TechnologiesJan 2018 | 15.6x | 5.52x | 5.18x | 8.25x | ₹428 Cr | +3.7% | +8.9% |
| Blue Jet HealthcareOct 2023 | 13.7x | 13.6x | 2.24x | 7.95x | ₹840 Cr | +9.8% | +20.8% |
| Larsen & Toubro InfotechJul 2016 | 19.9x | 10.8x | 7.39x | 11.7x | ₹1,242 Cr | -6.1% | 0.0% |
Frequently asked
What is the Gopal Snacks IPO price band and lot size? ₹381–401 per share.
How many times has it been subscribed? 9.02x overall: QIB 17.5x, NII 9.50x, retail 4.01x, employees 6.88x.
How did it list? It opened at ₹351, -12.5% against the issue price of ₹401, and closed its first day -9.6%.
