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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:
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-19 | 2903.58 | 1386.7 | 148.38 |
| 31-Mar-20 | 3532.84 | 1606.84 | 63.1 |
| 31-Mar-21 | 2654.34 | 753.85 | -0.76 |
| 31-Dec-21 | 4563.02 | 1200.68 | 187.65 |
| Amount in ₹ Lakhs | |||
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 Date | Jun 15, 2022 to Jun 20, 2022 |
| Goel Food Products IPO Face Value | ₹10 per share |
| Goel Food Products IPO Price | ₹72 per share |
| Goel Food Products IPO Lot Size | 1600 Shares |
| Issue Size | 1,001,600 shares of ₹10 (aggregating up to ₹7.21 Cr) |
| Fresh Issue | 500,800 shares of ₹10 (aggregating up to ₹3.61 Cr) |
| Offer for Sale | 500,800 shares of ₹10 (aggregating up to ₹3.61 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Retail Shares Offered | 50% of the net offer |
| NII (HNI) Shares Offered | 50% of the net offer |
| Company Promoters | Hilltop Healthcare Centre Limited and Mr Dinesh Goyal are the company promoters. |
Goel Food Products IPO opens on Jun 15, 2022, and closes on Jun 20, 2022. The Goel Food Products IPO bid date is from Jun 15, 2022 10.00 A.M. to Jun 20, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.
| Event | Date |
|---|---|
| Goel Food Products IPO Opening Date | Jun 15, 2022 |
| Goel Food Products IPO 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 |
| Goel Food Products IPO Listing Date | Jun 28, 2022 |
The Goel Food Products IPO lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹115,200).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹115,200 |
| Maximum | 1 | 1600 | ₹115,200 |
| Pre Issue Share Holding | 99.98% |
| Post Issue Share Holding | 73.41% |
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...
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)
| Category | Subscription (times) |
|---|---|
| NII | 1.21 |
| Retail | 2.07 |
| Total | 1.64 |
| Listing Date | Tuesday, June 28, 2022 |
| BSE Script Code | 543538 |
| NSE Symbol | |
| Listing In | MT Group of Securities |
| ISIN | INE0K6L01010 |
| IPO Price | ₹72 per share |
| Face Value | ₹10 per share |
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Goel Food Products Limited
76/1/2,
Golaghata Road,
Kolkata-700048
Phone: +91 89613 33312
Email: info@goelfood.com
Website: https://bika.co.in/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
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
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, Edelweiss, 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.
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