Goel Food Products Limited IPO Detail
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
Company Promoters
Hilltop Healthcare Centre Limited and Mr Dinesh GoyalIPO Details
| IPO Opening Date | Jun 15, 2022 |
| IPO Closing Date | Jun 20, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹72 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | BSE SME |
| Issue Size | ₹7.21 Cr |
| Fresh Issue | ₹3.61 Cr |
| Offer for Sale | ₹3.61 Cr |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.28x | 0.03x | 0.16x | |
| Day 2 | - | - | 0.43x | 0.89x | 0.66x | |
| Day 3 | - | - | 0.71x | 1.28x | 0.99x | |
| Day 4 | - | - | 1.21x | 2.07x | 1.64x |
IPO Tentative Timetable
The Goel Food Products Limited IPO open date is Jun 15, 2022, and the close date is Jun 20, 2022. The issue may list on Jun 29, 2022.
| IPO Open Date | Jun 15, 2022 |
| IPO Close Date | Jun 20, 2022 |
| Basis of Allotment Date | Jun 24, 2022 |
| Initiation of Refunds | Jun 27, 2022 |
| Credit of Shares to Demat Account | Jun 28, 2022 |
| IPO Listing Date | Jun 29, 2022 |
IPO Lot Size
The Goel Food Products Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹115200).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹115200 |
| Maximum | 1 | 1600 | ₹115200 |
IPO Promoter Holding
| Pre Issue Share Holding | 99.98% |
| Post Issue Share Holding | 73.36% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 2903.58 | 1386.7 | 148.38 |
| 31-Mar-20 | 3532.84 | 1606.84 | 63.1 |
| 31-Mar-19 | 2654.34 | 753.85 | -0.76 |
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 Limited IPO Registrar:
Bigshare Services Pvt Ltd
Goel Food Products Limited IPO Lead Manager(s):
Gretex Corporate Services Pvt Ltd
Company Contact Information:
Goel Food Products Limited
76/1/2,
Golaghata Road,
Kolkata-700048
