Gopal Snacks’ shares listed at 13% low cost, know at how a lot it debuted – India TV Hindi

Shares of Gopal Snacks Ltd bought listed at about 13 per cent low cost on Thursday amid a falling market. The inventory opened at ₹350 in opposition to the provide worth of ₹401 on the Bombay Inventory Alternate index BSE, translating into a reduction of 12.7%. The inventory listed at ₹351, down 12.47%, on the NSE. Earlier than the itemizing, the corporate’s shares had been buying and selling at a reduction of ₹25 within the unlisted market. Nonetheless, the inventory later recovered after a lackluster itemizing. Round 11:54 am, shares of Gopal Snacks Restricted had been buying and selling at Rs 366.95 with an increase of 4.84 per cent.

IPO bought robust assist

The IPO of Gopal Snacks Restricted acquired full assist from traders. This IPO, which was open for subscription from 6-11 March, acquired a complete subscription of 9.50 instances. On this, the reserve portion for certified institutional consumers was 18.42 instances, the portion for non-institutional traders was 10 instances and the portion for retail traders was 4.22 instances. Whereas the share of staff was 7.27 instances.

get to know the corporate

In line with Cash Management information, Gopal Snacks Restricted was established within the 12 months 1999. This firm sells ethnic and western namkeen. The corporate’s items go to many international locations of the world. If we speak concerning the monetary place of the corporate, it has remained constantly robust. In line with the information, the corporate had made a revenue of Rs 21.12 crore within the monetary 12 months 2021. Whereas within the monetary 12 months 2022, the identical revenue virtually doubled to Rs 41.54 crore.

Within the monetary 12 months 2023, there was an enormous web revenue of Rs 112.37 crore. Speaking concerning the present monetary 12 months i.e. 2023-24, the corporate has made a revenue of Rs 55.57 crore throughout April-September 2023. Throughout this era, income of Rs 677.97 crore has been achieved. Replace is happening….

Newest Enterprise Information