Take one other alternative to earn from IPO, opening on this date, know the value band – India TV Hindi

The preliminary public providing (IPO) of Gopal Snacks Restricted is opening for subscription on March 6, 2024. The corporate has mounted the value band for its fairness shares at Rs 381 to Rs 401 per share. Its face worth is Rs 1 per share. The corporate goals to boost as much as Rs 650 crore via this IPO. If you’re on this IPO then you may make investments cash in it until 11 March 2024. In keeping with language information, bidding begins for no less than 37 fairness shares. Additional bids are to be made in multiples of 37 shares.

Minimal funding of Rs 14,837

If you’re a retail investor then you’ll have to make investments no less than Rs 14,837. For Non-Institutional Buyers (NIIs), the minimal lot dimension funding is 14 tons (518 shares), aggregating to Rs 207,718. For Massive Non-Institutional Buyers (BNII), the minimal lot dimension funding is 68 tons (2,516 shares), amounting to Rs 1,008,916. In keeping with the information, the allotment for Gopal Snacks Restricted IPO is anticipated to be accomplished by March 12, 2024. The IPO is to be listed on each BSE and NSE, with a tentative itemizing date of March 14, 2024.

Firm sells items of day by day use

Established within the yr 1999, Gopal Snacks is a day by day shopper items firm. As of September 2023, Namkeen merchandise have been bought in 10 states and two union territories and has a community of three depots and 617 distributors. The corporate operates three manufacturing facilities. These vegetation are in Rajkot and Modasa in Gujarat, and Nagpur in Maharashtra. Gopal Snacks’ operational revenue in 2022-23 was Rs 1,394.65 crore and revenue was Rs 112.37 crore.

How a lot is the reserve for whom?

This IPO of the corporate is utilizing the e book constructing course of. Right here, a most of fifty per cent of the web provide can be allotted proportionately to certified institutional patrons. A minimal of 15 per cent of the web provide can be reserved for non-institutional buyers, whereas a minimal of 35 per cent of the web provide can be put aside for retail particular person buyers.

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