The scrip was listed at Rs 350, exhibiting a discount of 12.72% to the issue price.
So far, the stock has hit a high of 384.95 and a low of 342. On the BSE, over 2.74 lakh shares of the company were traded in the counter so far.
The initial public offer (IPO) of Gopal Snacks was subscribed 9.02 times. The issue opened for bidding on 6 March 2024 and it closed on 11 March 2024. The price band of the IPO was fixed at Rs 381 to 401 per share.
The IPO comprised only an offer for sale, aggregating up to Rs 650 crore, by Bipinbhai Vithalbhai Hadvani, Gopal Agriproducts, and Harsh Sureshkumar Shah.
The company will not directly receive any proceeds from the offer. All the offer proceeds will be received by the selling shareholders in proportion to the offered shares sold by them...
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