Gopal Snacks IPO Listing Highlights: Shares make muted market debut, list at 12.72% discount - Buy, Sell or Hold?
Gopal Snacks IPO Listing on NSE, BSE; Gopal Snacks Share Price NSE, BSE: Shares of Gopal Snacks made a muted debut on bourses today i.e. March 14. The stock of Gopal Snacks got listed at Rs 350 on the BSE, a discount of 12.72 per cent to the issue price of Rs 401.
Earlier, the initial public offer received 9.02 times the subscription on the final day of bidding. The price range for the offer is fixed at Rs 381-401 a share.
Zee Business Managing Editor Anil Singhvi advised investors to subscribe to the IPO for the long term.
Follow Zee Business BLOG for all the latest updates on Gopal Snacks shares listing on NSE and BSE:
Gopal Snacks IPO Listing on NSE, BSE; Gopal Snacks Share Price NSE, BSE: Shares of Gopal Snacks made a muted debut on bourses today i.e. March 14. The stock of Gopal Snacks got listed at Rs 350 on the BSE, a discount of 12.72 per cent to the issue price of Rs 401.
Earlier, the initial public offer received 9.02 times the subscription on the final day of bidding. The price range for the offer is fixed at Rs 381-401 a share.
Zee Business Managing Editor Anil Singhvi advised investors to subscribe to the IPO for the long term.
Follow Zee Business BLOG for all the latest updates on Gopal Snacks shares listing on NSE and BSE:
Latest Updates
Gopal Snacks IPO Listing on NSE, BSE; Gopal Snacks Share Price Target: Price settles at 12.72% discount on BSE
In the pre-opening session, Gopal Snacks shares settled at Rs 350 on the BSE, a discount of 12.72 per cent to the issue price of Rs 401.
Gopal Snacks IPO Listing on NSE, BSE; Gopal Snacks Share Price Target: Price settles at 12.47% discount
In the pre-opening session, Gopal Snacks shares settled at Rs 351 on the NSE, a discount of 12.47 per cent to the issue price of Rs 401.
Gopal Snacks IPO Listing on NSE, BSE; Gopal Snacks Share Price Target: What does the company do?
Founded in 1999, Gopal Snacks is a fast-moving consumer goods company in India, offering namkeen, western snacks, and other products across India and internationally.
Gopal Snacks IPO Listing on NSE, BSE; Gopal Snacks Share Price Target: Raised Rs 194 crore from anchor investors
Gopal Snacks Ltd said it garnered Rs 194 crore from anchor investors.
Gopal Snacks IPO Listing on NSE, BSE; Gopal Snacks Share Price Target: Anil Singhvi's view for long-term investors
Accordign to Zee Business Managing Editor Anil Singhvi, long-term investors must hold shares after listing.
Gopal Snacks IPO Listing on NSE, BSE; Gopal Snacks Share Price Target: Check Stoploss by Anil Singhvi
According to Zee Business Managing Editor Anil Singhvi, short-term investors must keep a stoploss of Rs 390.
Gopal Snacks IPO Listing on NSE, BSE; Gopal Snacks Share Price Target: Anil Singhvi's view on listing
According to Zee Business Managing Editor Anil Singhvi, the stock of Gopal Snacks will be listed at a discount. Singhvi said that it will list below the price of Rs 375.
Earlier, he had advised investors to subscribe to the IPO for the long term.
Gopal Snacks IPO Listing on NSE, BSE; Gopal Snacks Share Price Target: QIBs received 17.50 times subscription
The quota for Qualified Institutional Buyers (QIBs) received 17.50 times subscription, while the non-institutional investors part got 9.50 times subscription and the quota for Retail Individual Investors (RIIs) received 4.01 times subscription, as per NSE data.
Gopal Snacks IPO Listing on NSE, BSE; Gopal Snacks Share Price Target: Initial share sale received bids for 10,81,08,746 shares
The initial share sale received bids for 10,81,08,746 shares against 1,19,79,993 shares on offer, as per NSE data.
Gopal Snacks IPO Listing on NSE, BSE; Gopal Snacks Share Price Target: IPO received 9.02 times subscription
The initial public offer of Gopal Snacks received 9.02 times subscription on Monday, the final day of bidding.