Gopal Snacks IPO: Last Day Bidding and Subscription Status Review

Gopal Snacks IPO: Last Day Bidding and Subscription Status Review/Pixel

VoM News Desk | March 11, 2024 | 12:31 PM IST | Breaking News | Follow on Google News

Gopal Snacks IPO: Last Day Bidding and Subscription Status Review/Pixel

Gopal Snacks IPO: Last Day Bidding and Subscription Status Review

The Gopal Snacks IPO, with a price band of ₹381 to ₹401 per equity share, is set to close on March 11, 2024. Market observers report a grey market premium (GMP) of ₹25, indicating positive sentiments. The IPO subscription status reveals that the book build issue was subscribed 1.40 times in the initial two days of bidding.

Key Details:

• IPO Price Band: ₹381 to ₹401 per equity share.
• Subscription Status: Book build issue subscribed 1.40 times in the first two days.
• Grey Market Premium (GMP): ₹25.
• Closing Date: March 11, 2024.
• Listing Date: Expected on March 14, 2024.

Subscription Breakdown:

• Retail Portion: Subscribed 2.92 times.
• NII Portion: Subscribed 3.25 times.
• QIB Segment: Subscribed 0.40 times.

Analyst Recommendations:

• Mehta Equities: Recommends “SUBSCRIBE” for a long-term perspective, considering reasonable pricing and the company’s established brand.
• Choice Broking: Assigns a “Subscribe with Caution” rating, indicating a fully priced issue but in line with peer averages.

Investors have until the end of March 11 to participate in the Gopal Snacks IPO, which is poised to capitalize on the growing demand for savory snacks in the organized market.

VoM News Desk

VoM News is an online web portal in jammu Kashmir offers regional, National & global news.