Gopal Snacks IPO of Rs 650 crore closes on 11 March, aiming to enhance manufacturing capabilities and market reach.
Gopal Snacks IPO, a Rajkot-based maker of popular Gujarati namkeen gathiya, closed on 11 March. The IPO, with a size of Rs 650 crore and 16.2 million shares for sale, aims to strengthen the company's manufacturing capabilities and broaden its market reach. The shares, listed on both BSE and NSE, have a price range of Rs 381 to Rs 401 per share. Gopal Snacks operates six manufacturing facilities in Maharashtra and Gujarat and exports products to various countries. The company raised Rs 193.95 crore from anchor investors by offering 4.8 million shares.
March 11, 2024
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