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Gopal Snacks

With a dominant position in the gathiya segment, Gopal Snacks is a significant participant in the Indian snack market. Regarding market share for ethnic savories in India’s organized sector, it came in fourth place in the fiscal year 2023. It is the nation’s leader in snack pellet production volume as well as sales revenue and gathiya production volume. Based on sales income, the company ranks as the fourth-largest packaged ethnic namkeen manufacturer in India and the second-largest ethnic namkeen manufacturer in Gujarat.

In terms of sales income, Gopal Snacks is also India’s fourth-largest papad maker. They have 276 SKUs and 84 products in their product line, to suit a wide range of preferences. As of September 30, 2023, the company employed 741 people in sales and operated in ten states and two union territories. Sales were conducted through 523 locations, with assistance from 617 distributors. It makes use of a variety of sales channels, such as exports, modern trade, and e-commerce.

The company owns six manufacturing sites, the three main ones being located in Modasa, Gujarat; Rajkot, Gujarat; and Nagpur, Maharashtra. The fabrication of completed goods is the main focus of these facilities. Three auxiliary facilities that produce raw materials for internal use are also owned by them. Their total yearly installed capacity across all plants was 404,728.76 MT as of September 30, 2023. When needed, Gopal Snacks also works with other producers to produce specific goods.

Gopal Snacks IPO Details

Signature Global IPO Details
Gopal Snacks IPO Dates
6 – 11 March 2024
Gopal Snacks Issue Price
INR 380 – 401 per share Employee Discount – INR 38 per share
Fresh issue
Nil
Offer For Sale
INR 650 crore
Total IPO Size
INR 650 crore
Minimum bid (size)
37 shares (INR 14,837)
Face Value
INR 1 per share
Retail Allocation
35%
Listing On
BSE, NSE

Gopal Snacks Financial Performance

Signature Global Financial Performance

FY21

FY22

FY23

H1 FY 24

Revenue

1,128.86

1,352.16

1,394.65

676.19

Expenses

1,103.34

1,302.42

1,246.69

602.99

Net income

21.12

41.54

112.37

55.56

Margin (%)

1.87

3.07

8.06

8.22

Figures in INR Crore unless specified otherwise

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