Gopal Snacks IPO subscribed 9.02 times on Final Day
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The Initial Public Offering of Gopal Snacks Limited was subscribed 9.02 times on the final day of bidding.
The issue received bids of 10,80,83,438 shares against the offered 1,19,79,993 equity shares, at a price band of ?381-401, according to the data available on the stock exchanges.
Qualified Institutional Buyer Portion and Non-Institutional Investors Portion was subscribed 17.50 times and 9.50 times respectively. Employee Portion was subscribed 6.87 times, whereas, Retail Portion and 4.01 times.
Intensive Fiscal Services Private Limited, Axis Capital Limited and JM Financial Limited are Book Running Lead Managers to the Offer and Link Intime India Private Limited is the Registrar to the Offer. The Equity Shares are proposed to be listed on BSE and NSE.
