Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Goel Food Products IPO is a fixed price issue of ₹7.21 crores. The issue is a combination of fresh issue of 0.05 crore shares aggregating to ₹3.61 crores and offer for sale of 0.05 crore shares aggregating to ₹3.61 crores.
Goel Food Products IPO bidding started from Jun 15, 2022 and ended on Jun 20, 2022. The allotment for Goel Food Products IPO was finalized on Jun 23, 2022. The shares got listed on BSE SME on Jun 28, 2022.
Goel Food Products IPO price is ₹72.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,15,200 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,30,400.
Gretex Corporate Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Gretex Share Broking Pvt.Ltd..
Refer to Goel Food Products IPO RHP for detailed Information.
| IPO Date | June 15, 2022 to June 20, 2022 |
| Listing Date | June 28, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹72 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 10,01,600 shares (aggregating up to ₹7.21 Cr) |
| Reserved for Market Maker | 51,200 shares Gretex Share Broking Pvt.Ltd. (aggregating up to ₹0.3686 Cr) |
| Fresh Issue (Ex Market Maker) | 4,49,600 shares (aggregating up to ₹3.24 Cr) |
| Offer for Sale | 5,00,800 shares of ₹10 (aggregating up to ₹3.61 Cr) |
| Net Offered to Public | 9,50,400 shares (aggregating up to ₹6.84 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 32,69,600 shares |
| Share Holding Post Issue | 37,71,600 shares |
Goel Food Products IPO offers total 10,01,600 shares. Out of which 4,75,200 (47.44%) allocated to NII, 4,75,200 (47.44%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 51,200 (5.11%) |
| NII (HNI) Shares Offered | 4,75,200 (47.44%) |
| Retail Shares Offered | 4,75,200 (47.44%) |
| Total Shares Offered | 10,01,600 (100.00%) |
Goel Food Products IPO opens on June 15, 2022, and closes on June 20, 2022.
| IPO Open Date | Wed, Jun 15, 2022 |
| IPO Close Date | Mon, Jun 20, 2022 |
| Tentative Allotment | Thu, Jun 23, 2022 |
| Initiation of Refunds | Fri, Jun 24, 2022 |
| Credit of Shares to Demat | Mon, Jun 27, 2022 |
| Tentative Listing Date | Tue, Jun 28, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Jun 20, 2022 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,15,200 |
| Retail (Max) | 1 | 1,600 | ₹1,15,200 |
| HNI (Min) | 2 | 3,200 | ₹2,30,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | 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 | |||||
The market capitalization of Goel Food Products IPO is ₹27.15 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 10.84 |
The company intends to utilize the Net Fresh Issue Proceeds for the following Objects:
1. To Meet Working Capital Requirements.
2. General Corporate Purposes.
[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...
| Listing Date | June 28, 2022 |
| BSE Script Code | 543538 |
| NSE Symbol | |
| ISIN | INE0K6L01010 |
| Final Issue Price | ₹72 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹72.00 |
| Open | ₹75.00 |
| Low | ₹75.00 |
| High | ₹78.75 |
| Last Trade | ₹78.75 |
Goel Food Products Ltd.
76/1/2,
Golaghata Road,
Kolkata, West Bengal, 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://ipo.bigshareonline.com/IPO_Status.html
Goel Food Products IPO is a SME IPO of 10,01,600 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.
The IPO opens on June 15, 2022, and closes on June 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 June 15, 2022 and closes on June 20, 2022.
Goel Food Products IPO lot size is 1600, and the minimum amount required for application is ₹1,15,200.
You can apply in Goel Food Products IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Goel Food Products IPO will be done on Thursday, June 23, 2022, and the allotted shares will be credited to your demat account by Monday, June 27, 2022. Check the Goel Food Products IPO allotment status.
The Goel Food Products IPO listing date is on Tuesday, June 28, 2022.
Useful Articles
RHP