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Axis PE, other backers get a mark-up as Gopal Snacks eyes over $670 mn tag

VCCircle · 1y

Private equity investors who purchased a small stake in Gopal Snacks Ltd in a pre-IPO secondary transaction last October are set to benefit as the food company prepares to launch its IPO. Gopal Snacks, known for its fried snacks and potato wafers, plans to go public next week. The investors, including Axis PE, are expected to make a significant profit as the company is valued at over $670 million.