Shardul Amarchand Mangaldas Advised Book Running Lead Managers On $78 Million IPO of Gopal Snacks Ltd.
Shardul Amarchand Mangaldas & Co advised Intensive Fiscal Services Private Limited, Axis Capital Limited, and JM Financial Limited (collectively, Book Running Lead Managers) in the successful Initial Public Offering (IPO) of equity shares of Gopal Snacks Limited.
The IPO, valued at approximately USD 78 million, witnessed an overwhelming response from investors, with an overall demand exceeding 9 times the deal size. Notably, the qualified institutional buyer’s component recorded an exceptional demand of over 17 times.
Gopal Snacks Limited, the issuing company, is a distinguished player in India’s fast-moving consumer goods sector, specializing in ethnic snacks, western snacks, and various other products under the renowned brand ‘Gopal.’ With a widespread presence across India, the company has established itself as a trusted name in the snack industry.
The advisory team from Shardul Amarchand Mangaldas & Co. was led by Prashant Gupta, Partner and National Practice Head of Capital Markets, along with Ruth Chenchiah, Partner, Sanjana Chowdhry, Senior Associate, and Jheel Bhargava, Associate. Their expertise and strategic counsel were instrumental in navigating the complexities of the IPO process and ensuring its successful execution.
The involvement of Shardul Amarchand Mangaldas & Co. underscores its meticulous guidance and comprehensive support in facilitating landmark transactions within the business landscape.