Fixed Price IPO | ₹7 Cr | Listed at BSE SME | Wed, Jun 15, 2022 - Mon, Jun 20, 2022
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Jun 15, 2022
IPO Close
Mon, Jun 20, 2022
Issue Price
₹72 per share
Market Cap (Pre-IPO)
₹27.15 Cr
| IPO Date | 15 to 20 Jun, 2022 |
| Listed on | Tue, Jun 28, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹72 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 10,01,600 shares (agg. up to ₹7 Cr) |
| Reserved for Market Maker | 51,200 shares Gretex Share Broking Pvt.Ltd. (agg. up to ₹0.3686 Cr) |
| Fresh Issue (Ex Market Maker) | 4,49,600 shares (agg. up to ₹3 Cr) |
| Offer for Sale | 5,00,800 shares of ₹10 (agg. up to ₹4 Cr) |
| Net Offered to Public | 9,50,400 shares (agg. up to ₹7 Cr) |
| Share Holding Pre Issue | 32,69,600 shares |
| Share Holding Post Issue | 37,71,600 shares |
| BSE Script Code | 543538 |
| ISIN | INE0K6L01010 |
Goel Food Products IPO comprises a total issue size of 10,01,600 shares. The net offer to the public is 9,50,400 shares, after excluding 51,200 shares allotted on a firm basis. Of the Net offer 4,75,200 (50.00%) allocated to NII 4,75,200 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 4,75,200 | 50.00% | 47.44% |
| Retail Shares Offered | 4,75,200 | 50.00% | 47.44% |
| Firm Reservations | |||
| Market Maker Shares Offered | 51,200 | 5.11% | |
| Total Shares Offered | 10,01,600 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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 |
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 | 31 Dec 2021 | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|---|
| Assets | 45.63 | 26.54 | 35.33 | 29.04 |
| Total Income | 12.01 | 7.54 | 16.07 | 13.87 |
| Profit After Tax | 1.88 | -0.01 | 0.63 | 1.48 |
| NET Worth | 9.41 | 7.54 | 7.54 | 7.42 |
| Reserves and Surplus | 8.60 | 6.72 | 6.73 | 6.60 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of Working Capital Requirements of the company | 2.55 |
| 2 | General Corporate Purpose | 0.83 |
| KPI | Mar 31, 2021 |
|---|---|
| ROE | 0% |
| ROCE | 3% |
| Debt/Equity | 1.98 |
| RoNW | -0.1% |
| PAT Margin | 0.00% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | -0.09 | |
| P/E (x) | 10.84 | |
| Promoter Holding | 99.98% | 73.41% |
| Market Cap | ₹27.15 Cr. |
The Goel Food Products IPO is subscribed 1.64 times on June 20, 2022 7:53:00 PM (Day 4). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.21 | 4,75,200 | 5,74,400 |
| Retail | 2.07 | 4,75,200 | 9,82,400 |
| Total | 1.64 | 9,50,400 | 15,56,800 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to the Lead Manager & Underwriter | 0.29 |
| 2 | Market Making Fees | 0.04 |
| 3 | Fees payable to Registrar to Issue | 0.01 |
| 4 | Fees to Legal Advisor | 0.01 |
| 5 | Advertisement Expenses | 0.01 |
| 6 | Fees payable to Regulators including Stock Exchange | 0.02 |
| 7 | Printing & Distribution Expenses | 0.01 |
| 8 | Marketing & Selling Expenses | 0.01 |
| 9 | Payment to Sponsor Bank | 0.01 |
| 10 | Statutory & Other Reports | 0.01 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹72.00 |
| Open | ₹75.00 |
| Low | ₹75.00 |
| High | ₹78.75 |
| Last Trade | ₹78.75 |
Lead Manager Reports
Goel Food Products IPO is a SME IPO of 10,01,600 equity shares of the face value of ₹10 aggregating up to ₹7 Crores. The issue is priced at ₹72 per share. The minimum order quantity is 1600.
The IPO opens on Wed, Jun 15, 2022, and closes on Mon, 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 Wed, Jun 15, 2022 and closes on Mon, Jun 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 Mon, Jun 27, 2022. Check the Goel Food Products IPO allotment status.
The Goel Food Products IPO listing date is on Tue, Jun 28, 2022.
