Gopal Snacks IPO: Bidding for the initial public offering (IPO) of Gopal Namkeen Limited commenced on March 6, 2024, and will conclude on March 11, 2024. This indicates that investors have until today to apply for the public issue. The FMCG company has set the price band for the Gopal Snacks IPO at ₹381 to ₹401 per equity share. The anticipated listing date for Gopal Snacks IPO is March 14, 2024. According to the Gopal Snacks IPO subscription status, the book build issue was oversubscribed 1.40 times within the first two days of bidding.
As for the grey market sentiment, the Gopal Snacks IPO GMP (grey market premium) today stands at ₹25. Analysts suggest a positive listing for the FMCG company’s shares, considering the optimistic outlook of the secondary market. However, it’s noteworthy that the Gopal Snacks IPO GMP on Thursday closed at ₹45, indicating a slightly cautious sentiment over the three-day weekend.
Gopal Snacks IPO Subscription Status:
During the initial two days of bidding, the book build issue witnessed a subscription of 1.40 times. The retail portion of the public issue was oversubscribed 2.01 times, while the NII portion saw a subscription of 1.63 times. However, the QIB segment experienced a subscription of only 0.09 times.
