Stay updated with breaking news from Axis Capital. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The issue of Gopal Snacks is entirely an offer-for-sale by promoters and other shareholders of the company, who will offload shares worth Rs 650 crore.
Gopal Snacks Ltd has set a price band of Rs 381-401 a share for its Rs 650 crore initial public offering. The allotment of the issue will be on March 12 and credit of shares to demat account will be on 12th. The stock will list on exchanges on March 14. On the upper price band, the firm's post-IPO market capital is pegged at Rs 5,000 crore.
Talbot has lost a trio of PV underwriters to Ark in recent months.
Analysts advised investors to subscribe to the issue as the Invit seeks to expand its asset base through strategic acquisitions. It may also benefit from the government's enhanced focus on infrastructure.
Gopal Snacks IPO | The public issue, which consists of only an offer-for-sale (OFS) by the existing shareholders with no fresh issue component, will close on March 11.