Goel Food Products Limited IPO (Goel Food Products IPO) Detail

Jun 15, 2022 - Jun 20, 2022

Incorporated in 1996, Goel Food Products Limited engages in the business of manufacturing Indian Snacks and Sweets. The company provide services such as organizing events like Marriages, Sangeet, Ring Ceremony, Birthday Parties, Anniversary Parties, Kitty Parties, Corporate Events, Kirtans (Devotional Singing), Thread Ceremony at the banquets hall and serves Indian snack and Sweets at the company retail shop.

The company operate and manage the banquet and Indian snacks and sweets shop business under the name "BIKA" at various locations in Kolkata. Hilltop Healthcare Centre Limited, the company's holding company, owns 64.60 percent of the company.

Competitive Strengths:

  • Strong Value Proposition
  • Locational Advantage
  • Low Set-up Cost
  • Established brand and reputation
  • Rich Management Experience
  • Progressive Employer
  • Quality Service

Goel Food Products IPO Details

IPO Date Jun 15, 2022 to Jun 20, 2022
Listing Date Jun 28, 2022
Face Value ₹10 per share
Price ₹72 per share
Lot Size 1600 Shares
Total Issue Size1,001,600 shares
(aggregating up to ₹7.21 Cr)
Fresh Issue500,800 shares
(aggregating up to ₹3.61 Cr)
Offer for Sale500,800 shares of ₹10
(aggregating up to ₹3.61 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME

Goel Food Products IPO Reservation

Other Shares Offered475,200 (50.00%)
Retail Shares Offered475,200 (50.00%)
Market Maker portion51,200 shares
Total Shares Offered950,400

Goel Food Products IPO Tentative Timetable

Goel Food Products IPO opens on Jun 15, 2022, and closes on Jun 20, 2022.

Event Tentative Date
Opening Date Jun 15, 2022
Closing Date Jun 20, 2022
Basis of Allotment Jun 23, 2022
Initiation of Refunds Jun 24, 2022
Credit of Shares to Demat Jun 27, 2022
Listing Date Jun 28, 2022
UPI Mandate Confirmation Cut-Off Time 5.00 PM on the issue closing day

Goel Food Products IPO Lot Size

The Goel Food Products IPO lot size is 1600 shares.

Application Lots Shares Amount
Retail (Min) 1 1600 ₹115,200
Retail (Max) 1 1600 ₹115,200
HNI (Min) 2 3,200 ₹230,400
Lot Size Calculator

Goel Food Products IPO Promoter Holding

Hilltop Healthcare Centre Limited and Mr Dinesh Goyal are the company promoters.

Pre Issue Share Holding 99.98%
Post Issue Share Holding 73.41%

Goel Food Products IPO Subscription Status (Bidding Detail)

The Goel Food Products IPO is subscribed 1.64 times on Jun 20, 2022 7:53:00 PM. The public issue subscribed 2.07 times in the retail category, times in the QIB category, and 1.21 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Company Financials

Goel Food Products Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
Amount in ₹ Lakhs

Goel Food Products IPO Review (Avoid)

[Dilip Davda]  The company is in the business of hospitality and sweet/snacks outlets segment which is highly competitive and fragmented. With its super results in a pre-IPO year, the issue is priced fully. Small equity base post IPO indicates longer gestation for migration to the mainboard. The sustainability of super earnings posted for 9M-FY22 are major concerns. Investors may skip this fully priced offer. Read detail review...

Objects of the Issue

The company intends to utilize the Net Fresh Issue Proceeds for the following Objects:

1. To Meet Working Capital Requirements.

2. General Corporate Purposes.

Goel Food Products IPO Prospectus

Goel Food Products IPO Rating

Rating:Rated 3.5 stars
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Goel Food Products IPO Listing Details

Listing Date Jun 28, 2022
BSE Script Code 543538
NSE Symbol
Final Issue Price ₹72 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Company Contact Information

Goel Food Products Limited
Golaghata Road,
Phone: +91 89613 33312
Email: info@goelfood.com
Website: https://bika.co.in/

Goel Food Products IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/

Goel Food Products IPO Analysis

Goel Food Products IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 2

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SME IPO Enquiry

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Goel Food Products IPO FAQs

Goel Food Products IPO is a SME IPO of 1,001,600 equity shares of the face value of ₹10 aggregating up to ₹7.21 Crores. The issue is priced at ₹72 per share. The minimum order quantity is 1600 Shares.

The IPO opens on Jun 15, 2022, and closes on Jun 20, 2022.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Goel Food Products IPO using UPI as a payment gateway. Zerodha customers can apply in Goel Food Products IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Goel Food Products IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Goel Food Products IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Goel Food Products IPO opens on Jun 15, 2022 and closes on Jun 20, 2022.

Goel Food Products IPO lot size is 1600 Shares and the minimum order quantity is .

You can apply in Goel Food Products IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Goel Food Products IPO will be done on Jun 23, 2022, and the allotted shares will be credited to your demat account by Jun 27, 2022. Check the Goel Food Products IPO allotment status.

The Goel Food Products IPO listing date is on Jun 28, 2022.
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Goel Food Products IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members



16. Abhii VPG |   Link |Jun 28, 2022 5:53:37 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Descent listing.. followed by UC.
Lets see how many UCs ahead.
Good treat for the applicants at this kind of market conditions.
15. MehulStk |   Link |Jun 28, 2022 1:18:09 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
good listing, batter than expectation
14. Bhav |   Link |Jun 20, 2022 11:08:41 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Hello all members

anyone applying here after seeing numbers?
14.3. Bhav |   Link |Jun 20, 2022 2:57:16 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Same here trueinfo, better to invest in some secondary stock
14.4. Trueinfo |   Link |Jun 20, 2022 4:00:02 PM
IPO Guru IPO Guru (1300+ Posts, 1500+ Likes)
Subscription wise failed. Poor subscription. How will be the listing?
13. Rajendra Kumar Gupta |   Link |Jun 19, 2022 10:09:18 PM
Two new sme open on 27 June
13.2. Rajendra Kumar Gupta |   Link |Jun 20, 2022 8:16:56 AM
@dinesh show in.form
13.3. Dinesh Singh |   Link |Jun 20, 2022 12:33:24 PM
IPO Guru IPO Guru (1100+ Posts, 500+ Likes)
yes now it is visible.
12. Trueinfo |   Link |Jun 18, 2022 1:17:46 PM
IPO Guru IPO Guru (1300+ Posts, 1500+ Likes)
Subscription in falling market, not bad. Let's see on last day.
12.1. Dinesh Singh |   Link |Jun 19, 2022 11:53:49 AM
IPO Guru IPO Guru (1100+ Posts, 500+ Likes)
Be careful.
Fidel not moving in spite of huge subscription.
Only apply in case of HNI subscription will be 20X.
12.2. Trueinfo |   Link |Jun 20, 2022 9:45:49 AM
IPO Guru IPO Guru (1300+ Posts, 1500+ Likes)
@Dinesh bhai, thank you for your genuine concern. Only problem is NII subscription comes very late and my ASBA time is 3 PM. Generally, target one or two lots in HNI. So, have to anticipate early. That's the dilemma.
11. KING VINOD |   Link |Jun 10, 2022 2:39:59 PM
IPO Guru IPO Guru (2000+ Posts, 3700+ Likes)
Goel Food Products Limited - BSE SME IPO
Issue Date: 15 June to 20 June 2022
Price: Rs 72
Lot Size: 1600 Shares
Issue: 10,01,600 Shares
Issue size: Rs 7.21 Cr
Face Value: Rs 10
Retail: 4,75,200 Shares
Retail available Forms: 297
Lead Manager: Gretex
11.3. somsundar |   Link |Jun 13, 2022 12:09:49 PM
1600 Share as in RHP
11.4. svh |   Link |Jun 16, 2022 9:42:57 PM
IPO Guru IPO Guru (1500+ Posts, 2700+ Likes)
Issue size : 1001600
Lot size : 1600
as per BSE
10. ShiningShiva |   Link |Jun 10, 2022 12:24:36 PM
Healthcare provider company, owns a food company, that provides events management in Kolkata. Affairs are complicated when one dips hands in different sauces.
10.2. Avenue |   Link |Jun 10, 2022 3:19:43 PM
with great difficulties I am controlling myself not to comment about this IPO
10.3. Jetha Lal |   Link |Jun 10, 2022 10:43:57 PM
IPO Mentor IPO Mentor (600+ Posts, 1300+ Likes)
@K.Atar ji
PP Waterballs which has foreign collaboration with Red Lion of London πŸ˜‚

I will definitely subscribe this issue 😜
9. antarix |   Link |Jun 10, 2022 9:23:50 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Our esteemed members have given this a rating of 3.9. With profit consistently decreasing and now in loss, this one should get some minus rating.
8. NaveenM |   Link |Jun 10, 2022 3:53:59 PM
Looking at this IPO, I feel encouraged to ask the catering service providers and event management fellows at my native place to go for IPO. Definitely a few cheering members of this forum will be available to subscribe to these IPOs
8.1. Jetha Lal |   Link |Jun 10, 2022 6:59:49 PM
IPO Mentor IPO Mentor (600+ Posts, 1300+ Likes)
Hahaha πŸ˜‚πŸ˜‚
Just they have to arrange Rs 50 lakhs for LM and other IPO expenses.
Come with some exotic name and people will blindly subscribe it🀣🀣
7. JAI MATA DI |   Link |Jun 10, 2022 3:43:08 PM
IPO Mentor IPO Mentor (600+ Posts, 500+ Likes)
What a company and it came with IPO. πŸ˜‚ πŸ˜‚ πŸ˜‚
6. KING VINOD |   Link |Jun 10, 2022 12:20:02 PM
IPO Guru IPO Guru (2000+ Posts, 3700+ Likes)
Dear Admin,
Goel Food Products Ltd IPO issue price / ipo price fixed at 72/- but you mentioned ipo price as 60/-
Recheck and rectify.
5. Ravu |   Link |Jun 10, 2022 11:45:05 AM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Profit is coming down
50% is OFS
Incomplete financial (FY22 details not available)

Not at all worth.
4. Trueinfo |   Link |Jun 10, 2022 11:38:40 AM
IPO Guru IPO Guru (1300+ Posts, 1500+ Likes)
Alarming decrease in profits YOY. Let's wait for DD's review.
3. Nilaykumar |   Link |Jun 10, 2022 11:13:48 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Anybody gone through rhp?
Whats the pe and history of company.
2. Abhii VPG |   Link |Jun 10, 2022 11:12:56 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Why the company has not provided results till Mar’22 ??
1. Srikanth Kumar Guntuboina |   Link |Jun 10, 2022 11:04:27 AM
For now it’s better to avoid this ipo I think. It was some what ok in 2020 but Covid effect or so (I don’t know profits decreased, very less profit, after listing can be considered to buy but keep an eye, think twice before investment. Too many ipos I am in heavy losses.

Big Avoid!