Introduction
The Gopal Snacks Limited Initial Public Offering (IPO) has been the talk of the town in the financial circles. As the bidding period comes to a close today, let’s delve into the details of this much-anticipated IPO. In this blog post, we’ll cover the Grey Market Premium (GMP) and subscription status of Gopal Snacks IPO.
Gopal Snacks IPO Details
- IPO Date: March 6, 2024, to March 11, 2024
- Price Band: ₹381 to ₹401 per share
- Total Issue Size: 16,209,476 shares (aggregating up to ₹650.00 Cr)
- Offer for Sale: 16,209,476 shares of ₹1 each
- Minimum Lot Size: 37 shares
- Retail Investor Minimum Investment: ₹14,837
- Listing Date: Tentatively set for Thursday, March 14, 2024
Grey Market Premium (GMP)
The Grey Market Premium (GMP) for the Gopal Snacks IPO currently stands at ₹25. This premium indicates the demand for the company’s shares in the unofficial market, where seasoned investors trade before the official listing. A positive GMP often reflects investor confidence and bullish sentiments.
Gopal Snacks IPO Subscription Status
The Gopal Snacks Limited Initial Public Offering (IPO) has garnered significant attention from investors. As the subscription period draws to a close, let’s analyze the subscription status and understand what it means for potential investors.
The subscription ratios for different investor categories in the IPO are as follows: Qualified Institutional Investors (QII) subscribed at 17.50 times, Non-Institutional Investors (NII) at 9.50 times, Retail Individual Investors (RIIs) at 4.01 times, and Employees at 6.88 times, resulting in a total subscription ratio of 9.02 times.
| Investor Category | Subscription Ratio |
|---|---|
| Qualified Institutional Investors (QII) | 17.50x |
| Non-Institutional Investors (NII) | 9.50x |
| Retail Individual Investors (RIIs) | 4.01x |
| Employees | 6.88x |
| Total | 9.02x |
