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Let’s have a detailed review of the company and analytics of the Goel Food Products IPO release date, IPO offer price, subscription, Goel Food Products Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 10
Price BandRs 72
Listing AtBSE, SME
Min. Order Quantity1600 Shares
Listing DateJun 28, 2022
Offer for SaleRs 361 Lakhs
Fresh IssueRs 361 Lakhs
IPO SizeRs 721 Lakhs
Tick Size1

Goel Food Products IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.


Goel Food Products IPO – Summary

Goel Food Products IPOTheir Company was originally incorporated on January 31, 1996 as a Private Limited Company as “Goel Food Products Private Limited” vide Registration No. 21-76909 under the provisions of the Companies Act, 1956 with the Registrar of Companies, West Bengal.

Subsequently, pursuant to a special resolution of their Shareholders passed in the Extraordinary General Meeting held on February 17, 2022, their Company was converted from a Private Limited Company to Public Limited Company and consequently, the name of their Company was changed to ‘Goel Food Products Limited’ and a Fresh Certificate of Incorporation consequent to Conversion was issued on February 25, 2022 by the Registrar of Companies, Kolkata.

The Corporate Identification Number of their Company is U51909WB1996PLC076909.


Goel Food Products IPO Date

The opening and the closing date of Goel Food Products IPO are Jun 15, 2022 and Jun 20, 2022 Respectively.


Goel Food Products IPO Subscription

Day / DateNIIRIITotal Subscription
1st Day – 15th Jun0.28x0.03x0.16x
2nd Day –  16th Jun0.43x0.89x0.66x
3rd Day – 17th Jun0.71x1.28x0.99x
4th Day – 20th Jun1.21x2.07x1.64x
Shares Offered or Net Issue475,200475,200950,400

The shares subscribed by the public will be updated here.

Check Goel Food Products IPO LIVE Subscription

  • Goel Food Products IPO LIVE Bid details on BSE
  • Goel Food Products IPO LIVE Bid details on NSE

For the Latest Bid details click on the above links.


Goel Food Products IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Goel Food Products Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment FinalizationJun 23, 2022
Refunds InitiationJun 24, 2022
Credit of Shares to Demat AccountJun 27, 2022
Share Listing DateJun 28, 2022

Goel Food Products IPO Price Band

The face value of each share is Rs.10, but the price band of the IPO is Rs.72


Goel Food Products IPO Equity Size

This Initial Public Issue of 1,001,600 Equity Shares of Rs.10 each for cash at a price of Rs.72  per equity share aggregating to Rs.721 Lakhs.


Goel Food Products IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 500,800 Equity Shares of Rs.10/ each.

Issue Size: 500,800 Equity Shares of Rs.10 each, aggregating to Rs.361 Lakhs


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    Goel Food Products IPO – Live Performance

    The listing date of this IPO is Jun 28, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – Goel Food Products Share Price

    Goel Food Products IPO Grey Market Premium

    The Goel Food Products Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


    Goel Food Products IPO – Company Overview

    Their Company was incorporated on 31st day of January, 1996. Initially, they started as an Indian Snacks and Sweets Manufacturing Company. While being into the Indian snacks and sweets business for more than decade, they delt with various event management company to whom they provided services of marriage and other incidental services.

    During this period, their promoters saw an opportunity in the catering and event planning industry and in the year 2009, their company opened their 1st banquet hall in Ultadanga, Kolkata and since then they have been growing in terms of their presence in Kolkata.

    From one location they have expanded to four locations in Kolkata and currently they have 8 banquets halls and 2 Indian sweets and snack shop and one hotel and one guest house.

    They 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 their banquets hall and they serve Indian snack and Sweets at their retail shop.


    Goel Food Products IPO – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Lakhs)
    31-Mar-2131-Mar-20Mar-19
    Total Assets2903.583532.842654.34
    Total Revenue1386.71606.84753.85
    Total Expense741.001,516.661,305.99
    Profit After Tax148.3863.1(0.76)

    Earnings per Equity Share (in Lakhs)

    31-Mar-2131-Mar-20Mar-19
    Basic & Diluted(0.09)7.7218.15

     

    Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were in Lakhs as Rs.148.38, Rs.63.1 and Rs.(0.76) respectively.


    Goel Food Products IPO – Promoters

    The Promoter of this company is:

    1. Hilltop Healthcare Centre Limited
    2. Mr. Dinesh Goyal

    List of Related Parties (Key Managerial Personnel)

    • Mr. Dinesh Goyal, Chairman and Managing Director 
    • Ms. Rashmi Goyal, Executive Director
    • Mr. Yatharth Goyal, Non-Executive Director
    • Mr. Pravin Poddar, Independent Director
    • Mr. Goutam Gupta, Independent Director

    Goel Food Products IPO – Promoters Holding

    • Pre Issue Share Holding – 99.98%
    • Pos Issue Share Holding -73.36%

    Goel Food IPO Offer Details or Issue Details

     Particulars No. Of Equity Shares
     Equity Shares Offered Up to 10,04,000 Equity Shares aggregating up to Rs.602.40 Lakhs
    of which:
    Issue Reserved for the Market MakersUp to 5,02,000 Equity Shares aggregating up to Rs.301.20 Lakhs
    Net Issue to the PublicUp to 5,02,000 Equity Shares aggregating up to Rs.301.20 Lakhs
    Of which:
    Retail Investors Portion Not less than 52,000 Equity Shares
    Other than Retail Individual InvestorsNot more than 9,52,000 Equity Shares
     Equity Shares outstanding prior to the Issue4,76,000 Equity Shares
     Equity Shares outstanding after the Issue4,76,000 Equity Shares

    Goel Food IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    1. To Meet Working Capital Requirements
    2. General Corporate Purposes

    Goel Food Products IPO – Business Strategy

    • Build Strength and Awareness of “BIKA” Brand
    • Expand Presence to Other Major Cities
    • Building-up as a Professional Organisation
    • Continue to attract and retain talent
    • Strategic Acquisition and Alliance Opportunities

    Goel Food IPO – Basis of Offer Price

    The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

    • Rich Management Experience
    • Quality Service
    • Progressive Employer
    • Quality Assurance and Standards
    • Needs of customers

    The relevant quantitative factors are:

    Basic & Diluted EPSRONW (%)NAV (Rs.)
    31-Mar-21(0.09)(0.10)28.79
    31-Mar-207.728.36
    Mar-1918.1520.00

    Goel Food IPO: Competitive Peers

    Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Lakhs)
    Goel Food Products Limited10(0.02)0.10713.66
    Listed Peers
    TGB Banquets and Hotels Ltd. 10(2.82)(8.55)510.00
    EIH Ltd.10(2.58)(11.90)18789.00

    Goel Food IPO Lead Managers

    Lead Managers
    GRETEX CORPORATE SERVICES LIMITED
    Office No. 13, 1st Floor, New Bansilal Building, Raja Bahadur Mansion, 9-15,
    Homi Modi Street, Fort, Mumbai– 400001, Maharashtra, India.
    Tel No.: +91 22 4002 5273 / 96532 49863
    Email: info@gretexgroup.com
    Website: www.gretexcorporate.com
    Contact Person: Ms. Dimple Magharam Slun
    SEBI Registration No: INM000012177
    CIN: L74999MH2008PLC288128

    Goel Food Products IPO Registrar to offer

    Registrar to the Offer
    BIGSHARE SERVICES PRIVATE LIMITED
    1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol,
    Andheri East, Mumbai– 400059, Maharashtra, India.
    Tel No.: +91 22 6263 8200; Fax No.: +91 22 6263 8299
    E-mail: ipo@bigshareonline.com
    Investor Grievance E-mail: investor@bigshareonline.com
    Website: www.bigshareonline.com
    Contact Person: Mr. Swapnil Kate
    SEBI Registration No.: INR000001385
    CIN: U99999MH1994PTC076534

    Goel Food Products IPO – Other Details

    • Statutory Auditor – R. KOTHARI & CO LLP
    • Legal Counsel to the Company – ADV. SHAIILESH L DALVI
    • Bankers to the Company –  ICICI BANK LIMITED


    Goel Food Products IPO Review by Stock Brokers

    Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking7.5/107.4/108.5/108.1/107.1/10
    Sharekhan7.2/107.1/108.6/108.1/107.2/10
    Kotak Securities7.3/107.5/108.4/108.1/107.3/10
    ICICI Direct7.3/107.3/108.7/108.1/107.1/10
    IIFL7.5/107.2/108.8/108.0/107.1/10
    Edelweiss7.5/107.4/108.4/108.3/107.2/10
    Zerodha7.4/107.1/108.5/108.1/107.0/10
    5Paisa7.1/107.1/108.4/108.1/107.1/10
    Karvy7.4/107.3/108.2/108.1/107.1/10
    Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

     


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      Goel Food Products Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download


      Goel Food Products IPO Review FAQs

      Check out various FAQs related to Goel Food Products IPO:

      What is the Issue Size of Goel Food IPO?

      The Company is making an initial public offer of 1,001,600 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.

      What is the Price band of Goel Food IPO?

      The price band for this particular IPO ranges between Rs.72. As far as the face value of the share is of concern, it is Rs.10 per share.

      What is the Goel Food Products IPO Open Date?

      The opening and closing dates for this IPO have been updated. The IPO is set to open on Jun 15, 2022, while the closing date is set at Jun 20, 2022.

      What is the Goel Food IPO Allotment Date?

      They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Jun 23, 2022, refund initiation is on Jun 24, 2022, credit of shares is on Jun 27, 2022, and share listing date is on Jun 28, 2022.

      What is the Goel Food Products IPO Listing Date?

      Shares of this company shall be listed in the exchanges Jun 28, 2022. The date, when the listing would be done, is stagnant on Jun 28, 2022.

      Who is the Registrar of Goel Food IPO?

      One of the reputed registrars is managing the issue of this IPO, i.e. Bigshare Services Private Limited. Their website will help you regarding the further information you are on the lookout for.

      Who is the Promoter of Goel Food Products IPO?

      Here are the promoters of this IPO – Hilltop Healthcare Centre Limited and Mr. Dinesh Goyal. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      What is GMP of Goel Food IPO?

      They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.

      Is Goel Food IPO good for Investment?

      They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      What is the PAT of Goel Food Products Company?

      They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Lakhs is 148.38, 2020 is 63.1, 2019 is (0.76).


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