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IPO News

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(11 Mar 2024, 17:40)

Gopal Snacks IPO subscribed 9.02 times

The offer received bids for 10.80 crore shares as against 1.19 crore shares on offer.

The initial public offer (IPO) of Gopal Snacks received 10,80,83,438 bids for shares as against 1,19,79,993 shares on offer, according to stock exchange data at 17:30 IST on Monday (11 March 2024). The issue was subscribed 9.02 times.

The issue opened for bidding on Wednesday (6 March 2024) and it will close on Monday (11 March 2024). The price band of the IPO is fixed at Rs 381 to 401 per share. An investor can bid for a minimum of 37 equity shares and in multiples thereof.

The IPO comprises only an offer for sale, aggregating up to Rs 650 crore, by Bipinbhai Vithalbhai Hadvani, Gopal Agriproducts, and Harsh Sureshkumar Shah.

The company will not directly receive any proceeds from the offer. All the offer proceeds will be received by the selling shareholders in proportion t...

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