Gopal Snacks Limited IPO Message Board (Page 9)

This time an IPO from Rajkot looks very risky. The price 1 Re. Share seems very aggressive. This is not in any comparison with Bikaji.
May disappoint on listing. Bikaji advertised by Amitji is one of the main factors of success in addition to quality of the products. I don't think Gopal can't touch the quality.
Only on the basis of Rajlot, it seems difficult to apply. Subscription figures not good, no doubt unblocking of funds awaited. GMP not at all impressive. Conclusion : Wait till last minute but still risky. If we leave one IPO, not going to make any difference.
To be on safer side I am avoiding this IPO.
Others can decide on ones level.
Don't follow any one blindly. Risk yours, so the decision to subscribe your own.
Anything possible on listing day.
Good Night.

Avoid for me...

I will apply only in the case BHNI crosess 50 times and QIB 100 times.

Otherwise its a "skip" for me.

Off topic
Can we apply ipo from sbi using FD like kotak got active money

​@rampal ipo wala Sorry, but no. SBI and HDFC banks do not allow that...

I am from Gujarat and have experienced the products of Gopal Snacks. The selling point of this company is quantity and not quality, there are so many other local brands serving good quality products and brands like REAL too serve better quality than this company.

Slowly and gradually, people of middle class or upper classes have started avoiding products by Gopal Snacks, I believe, the business will further go down in coming years if they do not improve their products.

Looking at purpose of this IPO and non intention to improve product, it is highly risky to apply in this IPO, irrespective of GMP in the market (we saw what happened to recently listed stocks like MUKKA or MVK).

​@YP: bhai aise toh Barbie movie was also commercially successful, more than Oppenheimer. But we all know, which one was a quality movie.

I never said Gopal is making losses right now, but the quality of its products is worse and gradually they will fail in market in future if they dont improve it. From this issue also, they are not raising funds for R&D or invest more into business, but just exiting it.

Moreover, I expect this issue to open flat or with small gains. I am not avoiding it as I expect it to list on discount, the reason is I dont want to park my funds here. There are better opportunities already in secondary market and in IPO market too right now.

Dear Expert,

I want to apply IPO on minor account but HDFC bank didn't provided me the internet banking (ASBA). i already opened the minor account in HDFC bank. They said that 2 year old child is not allowed for net banking
Please guide me.

Thanks in advance

​@Sanjubaba Minor account will not have separate login. His/her account is mapped to Primary account holder(you). You need to login with your credential and can see your kid's account. From there you can apply IPO on behalf of her.

@ recently I open with ICICI minor account with 50k mab and apply through PROSTOCKs using upi.... They given seperate login.... But later we need to update minor pan seperately...
Applied both JG and Gopal

Rajkot based co

Satta Hokar rahega .

according to me , i think it will give around 20 - 25 % returns

StarAgri Has Initiated The Procedure Of Filing DRHP

This news is now official

But was informed in November-December
By me ,
Size Around 1500 cr

Gopal Snacks IPO

Final Verdict

Risk Takers Can Apply For Long-term

Highlights of the Issue :
Date : 6-11 March
Price Band : 381-401
M.cap : 4997 cr
Size : 650 cr
( Full OFS )

Objects Of The Issue :

To Conclude OFS –

There Was A Family Dispute in Dec-22 ,
Hence The Founder of the Company ,
Bipinbhai Hadvani Raised 490 cr As Debt From
JM Financial Against Pledge of Shares in
Gopal Snacks And Infused Personal 27 cr
The deal was valued at
517 cr For 30% Stake Which Valued the Company At 1723 cr

Hence , The OFS Will Pare The Promoter Pledge Completely

Analysis :

1.The Brother Of The
Founder , Prafulbhai Hadvani , Who Managed The Sales Operations Of The Company Started His Own Company Named
" Gokul Snacks Pvt.Ltd. "
Which Has Similar Portfolio Actually More Diversified Than Gopal Created Direct Competition

2.The Sales Of Gopal Snacks Remain Muted Post The Change in Sales Head , Only 3% Growth Between FY 22 To FY 23
And A Degrowth of 3% In H1 FY24

3.The Growth Has Been Muted And The Company Tend To Bring Back The Growth Through Entering New Geographies And Advertising , As Of Now Gopal Hasn't Spent Lot On Advertising But They Intend To Incur This Expenditure Which May Hamper The Margins

4.The Sudden Expansion In Margins Raises Eyebrows ,
The Company Has Clarified This By Saying That they have reduced The Grammage i.e from 30g to 25g of The Packets in Gujarat

5.The Company Provides Higher Grammage Outside Gujarat To Attract Customers , As The Company Diversifies It's Geographies The Margins Would Fall Due To Higher Quantity per Packet

6.The Management States That They Will Be Back In Normal with Double Digit Growth , But They Are Not Confident on The Strategies And Factors To Scale Further

7.All The Companies In Its Peer Comparison Has Faced Margin Crunch in Q3 Due to Instability in Raw Material Prices , Eg.
Bikaji 15%➡️12%

Forward Earnings Projections :
FY 23
Revenue - 1395 cr
PAT - 112.4 cr

FY 24 :
H1 - 676 cr
PAT - 55.8 cr
H2 - 645 cr*
PAT - 49 cr*
(The Revenue Contribution is 52-48)

Total FY24 :
Rev - 1321 cr
PAT - 104.8 cr

FY 25 :
Rev - 1435 cr
PAT - 106 cr

PE FY23 : 44.5
PE FY24 : 47.7
PE FY25 : 47.1

As Per These Estimates It's Clearly Visible That There is No Earnings Expansion And Are Expected To Remain Muted till FY25 Considering Margin Depression

Peer Comparison :

I Personally Don't Consider Prataap Snacks As It's Ample To Ample Peer As Awadh Snaks And Namkeen is Aquired By Prataap Snacks and its Sole Financials Are Not Available , Hence
Prataap As A Whole Cannot be a Direct Peer

FY 23 :
Gopal - 44.5
Bikaji - 106

H1FY24 :
Gopal - 43
Bikaji - 73.8

FY 24* :
Gopal - 47.7
Bikaji - 63

It's Clearly Visible That The Peer Comparison Shown To Public is just to
Make A Foam That Gopal is Priced Attractively where it isn't

Fair Value Should Be
38× FY24 i.e Around 345

Excellent prediction thanks for feedback. I am now clear. Any view about buy after listing??

​@newgen consultancy Thanks sir ji for valuable analysis, projection, comparison and valuation. Keep updating and guiding us. 🙏👍👏

The Economic Times has suggested "Avoid" for Gopal Namkeen. Is it the first time ET has outright come with a recommendation?

​@Crow And what ET has highlighted is that that the reason for bringing IPO is to repay personal debt taken for a family dispute settlement. So, company is not going to benefit from it.

​@ipo share 
Now decision making would be easy, because of separation.
Promoter's pledging will be realised. So pressure will also realised from promoter.

Off topic
Anyone using Axis minor saving account for ipo application
Does it work for minor asba application?

Avoid .
Small gain if better stay away

I am planning to open trading and demat account with dhan as the present broker Geojit charging 0.3% for delivery with AMC of Rs. 750 + taxes. Kindly share your opinions and advice.

Swamy ke refund ko gopal bula raha he
Bulata he per janeka nahi

Gopal premium only 21

A huge salute to the multitasking, multitalented, gentle, emotional, caring wonder called women..🫡🫡

​@newgen consultancy @abc xyz @rohiitian And other gurus, your view on this company. According to me, company is very good, but I think the price is high a bit leaving very less room for public(also after considering the recent sentiment for ipos). Your views needed

All highly valued ipo stocks which are sold at high premium valuations , time is ripe for discount listings. Greedy promoters, greedy lead managers, sufferers are public. But it is all in the game. Be safe. Be updated.

RBI bars JM FINANCIAL for being leas manager in NCD.

JM be like - ye dukh kahe khatm nai ho raha he?

​@ROAR Best of luck🙏 for your first allotment. My previous message to u at around 11a.m. was also seen from this thread . That was a real lengthy one.😀

​@CJ ROCKS  yeah. Let's catch up in upcoming IPOs message board (😜)