Gopal Snacks Limited

Gopal Snacks Limited is a Gujarat based fast moving consumer goods company that manufactures and sells a wide range of ethnic and western snack foods across India and select international markets. Its ethnic offerings include namkeen and gathiya, while its western snack range covers wafers, extruded snacks and snack pellets, sold under the Gopal brand. Founded in 1999, the company has built a large, vertically integrated manufacturing base out of Gujarat, and in fiscal 2023 it ranked among the largest branded ethnic savouries players in India, with a leading position in gathiya production by both volume and revenue. Its distribution network spans a mix of general trade, modern retail and export channels, with the majority of sales concentrated in its home state of Gujarat. The company's initial public offering was structured entirely as an offer for sale by its promoters and another selling shareholder, so the issue did not raise fresh capital for the business; the shares were listed on the NSE and BSE in March 2024. Ahead of listing, the company drew participation from several domestic anchor investors, reflecting institutional interest in its snack food franchise.

The company raised about Rs 194 crore from anchor investors ahead of the issue, allotting roughly 48.4 lakh shares at Rs 401 apiece to 15 anchor investors across 19 application forms. Participants included Ashoka WhiteOak ICAV, WhiteOak Capital Mutual Fund, DSP Mutual Fund, Quant Mutual Fund and 360 ONE, among five domestic mutual funds investing through nine schemes.