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News Details

01/03/2024 10:30

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Gopal Snacks announces launch of initial public offering

Gopal Snacks Ltd. has announced public offering of 16209476 shares at a price of Rs 1.00 each for Cash at a Premium of Rs 400.00 per share. The gross proceeds of the issue are expected to be Rs 65,000.00 lakhs.

The company's initial public offer (IPO) will open on 06 March 2024 and is expected to close on 11 March 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 381.00-401.00 per share.

The IPO includes a fresh Issue of 16209476 Equity Shares of the Company at an price of Rs 401.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 37 shares with bids in multiples of 37.

Gopal Snacks Ltd. anticipates using the proceeds of the issue for .

Axis Capital Ltd.,JM Financial Services Ltd.,Intensive Fiscal Services Private Limited. as lead manager(s) & Link Intime India Pvt. Ltd. is the registrar, to the issue.