360 One Asset, Axis Alternative Investment Fund, and White Oak Capital Management have acquired a secondary stake in Gopal Snacks ahead of its planned IPO in 2024. The deal size is estimated to be between INR 100 crore and INR 200 crore.
Founder Bipin Hadvani raises ₹490 crore debt from JM Financial for deal. The company is also preparing for a public listing by the third quarter of 2023.