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Get latest articles and stories on Latest News at LatestLY. The initial public offer of Gopal Snacks received 9.02 times subscription on Monday, the final day of bidding. Latest News | Gopal Snacks IPO Subscribed 9 Times on Final Day of Offer.
Gopal Snacks IPO is an offer for sale worth Rs 650 crore. The snackmaker looks to sell shares in the range of Rs 381-401 per share. The public offer will open next week on March 6 and run till March 11.
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.
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.