The initial public offer (IPO) of namkeen maker Gopal Snacks has been getting steady responses from investors on Monday, the third day of the bidding process with an overall subscription of 2.6 times.
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Gopal Snacks IPO is an offer for sale worth Rs 650 crore. The snackmaker looks to sell shares in the range of Rs 381-401 per share. The public offer will open next week on March 6 and run till March 11.
The issue of Gopal Snacks is entirely an offer-for-sale by promoters and other shareholders of the company, who will offload shares worth Rs 650 crore.