Rajkot, Gujarat based snack Company "Gopal Snacks" has filed its DRHP with capital market regulators SEBI to raise funds through an IPO on 24th Nov. 2023. This IPO is entirely an Offer for Sale. Of equity shares worth upto Rs. 650 crs. by promoters and other selling shareholders. QIB 50% NII 15% Retail Individual 35%. This IPO also includes reservation for subscription by eligible Employees. The product of company is sold in 10 states and 2 union territories as of 30.09.23.
It would be mostly apply from us. My initial prediction: very high subscription considering its business doing very good in Gujarat, UT and okay in near by states. Let's wait for the financials though.
925.1. MuStrFc| Link| Bookmark|
November 27, 2023 9:41:06 PM
IPO Guru (3000+ Posts, 2400+ Likes)
Tomorrow ASBA funds get unblocked, as today was bank and market holiday.
925.2. Imhilli| Link| Bookmark|
November 27, 2023 9:46:50 PM
IPO Guru (1200+ Posts, 700+ Likes)
My experience, UPI mandate unblock faster if there is no issue. ASBA takes longer time. Not expecting my ASBA blocking to be clear before 11am tomorrow
Please don’t be upset. Look forward hopefully. Allotment is not far off. Please be positive and wait patiently. God blesses you with an early good allotment.