Gopal Snacks Limited IPO Message Board (Page 7)

Its been 3pm and still the response isn't good so far from any category. Also, gmp and some other issues. HNI is a big NO and mostly will skip in retail as well.

Darte darte did 2 shni

Risky bet iam avoiding.

NLC india ofs main kya kre?????

Dear Friends,

Hope you had a good start to the work week.

My 2 cents here - everything seems fine with this company except for growth. Consumer company not even posting 10% growth y-o-y is pretty sketchy.
Direct competitor in listed space is Bikaji foods - around 30% more in revenues for year ending March 2023; but posted 20% growth y-o-y. This has slightly better margins as compared to Bikaji and is reasonably cheaper in terms of vals.

Applying some SHNI appls here but will probably not get any allotment. Will definitely add some qty of it to PF post listing.

Bigger red flag for me is weakness in S&P BSE IPO INDEX. Doesn't look good at all and seems like trend has reversed; hence most listed IPOs are making lows everyday. Stay safe in new IPOs practice SLs and stay liquid so that you can buy good companies when right opportunity is presented.

Thanks!

Firm Opinion Avoid

Even If QIB Picks Up

Nothing Special in The Anchor Book

Rajkot Based Company ,
Large Sized ,
Still No Response

Clearly Indicates That There Are Issues in The Company

If Anyone Still wants to invest ,
Buy Post Listing

GMP Low 6
Now 11-13

Applied 2 Retail
Gopal Listing Range Can be +8% to -5%

Risk To Reward isn't favorable
Better To Avoid

If anyone wants to still invest buy Post Listing

Rajkot Based Company
Still QIB And Subscription Not Picking Up

Gopal products in Gujarat are not that popular and here many other brands to compete them.

Balaji wafers is king of snacks in Gujarat, it gives best quality among all brand with good quantity so I always prefer Balaji products.

Frankly speaking Gopal products is very bad according to me , their taste and quality of products are very Cheap , they are getting revenue by selling more quantity and their distributor get good margin so it's getting sold otherwise it's just Medicore brand.

If one strong competitor came then Gopal will be struggle very badly and also IPO is pure ofs so no money is going to company for future expansion and growth.

Listing gain is not sure here so I personally avoided and didn't took risk here..

Hope few people got saved🙏
Market sentiments and low demand played major role for bad performance.
Also products and brand is not that good as per my personal experience , there is too many local snacks manufacturing units and shops to compete with such big players.

ED raids on Tibrewala fronts temper HNI enthusiasm for pref allotments, may hit SME funding plans.

Skipping this one

Some QIB action now

Totally avoiding this bcoz of higher issue price n sentiments of Gmp mkt

Still GMP is going below 3%. May this is the impact that all categories not subscribed in good number.
Very highly priced. Listing may be at any price. Not applied yet. Not so greedy for allotment. Even funds shortage is also there.
Have a nice week. Lot of issues and lot of listing. Good time pass and learning for retired members/persons.

Avoiding this one where Davda ji has recommended 'Apply' and applying elsewhere where Davda ji has recommended 'Avoid'.

Just a co-incidence. 😀

​@Redhu Jind GMP is certainly one of the reasons. One more reason is that not a single rupee from this IPO will go to company. So, nothing for the company to expand itself. And not to mention, the feedback from consumers from Gujarat about this company.

​@antarix  completely agreed and following the same co-incidence.

Premium time is wrongly updated by investor gain.

Difference of half hour.

Thinking about withdrawing the applications.

Totally avoided
No pending question of view qib and accept mandates

16-19
Live

11.5 - 13.5

Risk reward may be small but look a like no tough competition in allotment

shni ke mendate manga liye he.... wait for 4 pm

Applied with 4 retail ........ still not accept upi mandate...

Applay for very small gain .

Co must be selling approximately 1 lakh kgs of snacks daily ,if Revenue of 1300 cr is divided by 365 days and again divided by approximately ₹350 per kg.

Nice calculations 😀
Assuming 1cr families in Gujarat.. ~1% of Gujarati families are buying 1kg Gopal namkeens everyday 😀