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Goel Food Products IPO is a fixed price issue of Rs 7.21 crores. The issue is a combination of fresh issue of 5.01 lakh shares aggregating to Rs 3.61 crores and offer for sale of 5.01 lakh shares aggregating to Rs 3.61 crores.
Goel Food Products IPO bidding started from June 15, 2022 and ended on June 20, 2022. The allotment for Goel Food Products IPO was finalized on Thursday, June 23, 2022. The shares got listed on BSE SME on June 28, 2022.
Goel Food Products IPO price is ₹72 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹115,200. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹230,400.
Gretex Corporate Services Limited is the book running lead manager of the Goel Food Products IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Goel Food Products IPO DRHP for detailed information.
| IPO Date | June 15, 2022 to June 20, 2022 |
| Listing Date | June 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 |
| Share holding pre issue | 3,269,600 |
| Share holding post issue | 3,771,600 |
| Market Maker portion | 51,200 shares |
Goel Food Products IPO offers 1,001,600 shares. 475,200 (47.44%) to NII, 475,200 (47.44%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 51,200 (5.11%) |
| Other Shares Offered | 475,200 (47.44%) |
| Retail Shares Offered | 475,200 (47.44%) |
| Total Shares Offered | 1,001,600 (100%) |
Goel Food Products IPO opens on June 15, 2022, and closes on June 20, 2022.
| IPO Open Date | Wednesday, June 15, 2022 |
| IPO Close Date | Monday, June 20, 2022 |
| Basis of Allotment | Thursday, June 23, 2022 |
| Initiation of Refunds | Friday, June 24, 2022 |
| Credit of Shares to Demat | Monday, June 27, 2022 |
| Listing Date | Tuesday, June 28, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 20, 2022 |
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| 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.
| Share Holding Pre Issue | 99.98% |
| Share Holding Post Issue | 73.41% |
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 Rs 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...
The Goel Food Products IPO is subscribed 1.64 times on June 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 |
| Listing Date | June 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://ipo.bigshareonline.com/ipo_status.html
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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 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 Shares, and the minimum amount required is ₹115,200.
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 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.
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Lets see how many UCs ahead.
Good treat for the applicants at this kind of market conditions.