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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:
| 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 Size | 1,001,600 shares (aggregating up to ₹7.21 Cr) |
| Fresh Issue | 500,800 shares (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 |
| Other Shares Offered | 475,200 (50.00%) |
| Retail Shares Offered | 475,200 (50.00%) |
| Market Maker portion | 51,200 shares |
| Total Shares Offered | 950,400 |
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 |
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 | |||
Hilltop Healthcare Centre Limited and Mr Dinesh Goyal are the company promoters.
| Pre Issue Share Holding | 99.98% |
| Post Issue Share Holding | 73.41% |
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) |
|---|---|
| Other | 1.21 |
| Retail | 2.07 |
| Total | 1.64 |
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-19 | 2903.58 | 1386.7 | 148.38 | 741.93 | 660.19 |
| 31-Mar-20 | 3532.84 | 1606.84 | 63.1 | 754.48 | 672.74 |
| 31-Mar-21 | 2654.34 | 753.85 | -0.76 | 753.73 | 671.99 |
| 31-Dec-21 | 4563.02 | 1200.68 | 187.65 | 941.38 | 859.64 |
| Amount in ₹ Lakhs | |||||
[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...
The company intends to utilize the Net Fresh Issue Proceeds for the following Objects:
1. To Meet Working Capital Requirements.
2. General Corporate Purposes.
| Listing Date | Jun 28, 2022 |
| BSE Script Code | 543538 |
| NSE Symbol | |
| ISIN | INE0K6L01010 |
| Final Issue Price | ₹72 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹72.00 |
| ₹75.00 |
| ₹75.00 |
| ₹78.75 |
| ₹78.75 |
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: https://www.bigshareonline.com/
Are you an SME company looking for an IPO to raise funds and get listed in the stock market? We can help. Contact us today... SME IPO Enquiry Form
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, 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.
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RHP
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Lets see how many UCs ahead.
Good treat for the applicants at this kind of market conditions.