Gopal Snacks IPO:  The allotment of shares for the Gopal Snacks Ltd IPO is expected to be completed on Tuesday, March 12. The initial public offering (IPO) of the Rajkot-based food products manufacturer was well received by investors and was subscribed over nine times. The IPO bidding closed on March 11th.

Gopal Snacks is expected to begin refund and demat transactions from March 13. Shares of Gopal Snacks will be listed on BSE and NSE on March 14.

Those investors who are looking to check allocation status can check it on the official websites of NSE and BSE and allocation can be checked at the official website of the IPO registrar.

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Steps to check the status of Gopal Snacks IPO allotment through the NSE website

  • Visit https://www.nseindia.com
  • If not registered, Register on the NSE website and get a username and password.
  • Login using user name and password
  • Choose Gopal Snacks Limited from the drop-down menu
  • Verify you're the PAN
  • Next, enter the IPO application number
  • Submit

Details of the allotment of shares will be available after the company completes the allotment process.

Gopal Snacks Ltd launched an initial public offering on March 6, raising about Rs 650 crore from public shareholders. According to NSE, the IPO got an overwhelming response from investors. It received a bid for a total of 10,81,08,746 shares as against 1,19,79,993 shares offered by the company.

The share reserved for qualified institutional buyers (QIBs) was oversubscribed 17 times. Eligible institutional quotas were received applications for 5.93 crore equity shares against the 33.93 lakh equity shares allotted to them.

The non-institutional investor segment was oversubscribed nine times, while the retail individual investor segment was subscribed four times.

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