Gopal Snacks IPO - Investment Rationale, Issue Details, Financials, Strategies, Risks And More: Anand Rathi

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Anand Rathi's IPO Report.Gopal Snacks Ltd. will launch its initial public offering today and the offer closes on March 11. The Rs 650 crore IPO is comprised only of offer-for-sale by promoters and other selling shareholders with no fresh issue of shares. Rajkot based snacks company has fixed a price band in the range Rs 381–401 per share. The minimum order lot is 37. .Object of the issue: To achieve the benefits of listing the equity shares on the stock exchanges..Valuation and outlook Gopal Snacks is one of the largest and prominent fmcg player in India, offering Indian ethnic snacks and other products. The company intends to accelerate expansion in its focus markets, comprising Maharashtra, Rajasthan, Madhya Pradesh, and Uttar Pradesh. Gopal Snacks will be focusing on geographical markets which are proximity to existing manufacturing facilities. Therefore, this move will not only enable them to increase their topline growth but will also rationalise its operating expenses. At the upper price band company is valued at price/equity of 44.5 times with a market cap of Rs 49,966 million post issue of equity shares. We believe that valuations of the company is fairly priced and recommend a “Subscribe-Long Term” rating to the IPO..Click on the attachment to read the full IPO report:.Gopal Snacks Collects Rs 194 Crore From Anchor Investors Ahead Of IPO.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Gopal Snacks IPO - Investment Rationale, Issue Details, Financials, Strategies, Risks And More: Anand Rathi

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