Goel Food Products IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Feb 17, 2023Let’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 Value | Rs 10 |
| Price Band | Rs 72 |
| Listing At | BSE, SME |
| Min. Order Quantity | 1600 Shares |
| Listing Date | Jun 28, 2022 |
| Offer for Sale | Rs 361 Lakhs |
| Fresh Issue | Rs 361 Lakhs |
| IPO Size | Rs 721 Lakhs |
| Tick Size | 1 |
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
Their 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 / Date | NII | RII | Total Subscription |
| 1st Day – 15th Jun | 0.28x | 0.03x | 0.16x |
| 2nd Day – 16th Jun | 0.43x | 0.89x | 0.66x |
| 3rd Day – 17th Jun | 0.71x | 1.28x | 0.99x |
| 4th Day – 20th Jun | 1.21x | 2.07x | 1.64x |
| Shares Offered or Net Issue | 475,200 | 475,200 | 950,400 |
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 Finalization | Jun 23, 2022 |
| Refunds Initiation | Jun 24, 2022 |
| Credit of Shares to Demat Account | Jun 27, 2022 |
| Share Listing Date | Jun 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-21 | 31-Mar-20 | Mar-19 | |
| Total Assets | 2903.58 | 3532.84 | 2654.34 |
| Total Revenue | 1386.7 | 1606.84 | 753.85 |
| Total Expense | 741.00 | 1,516.66 | 1,305.99 |
| Profit After Tax | 148.38 | 63.1 | (0.76) |
Earnings per Equity Share (in Lakhs)
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Basic & Diluted | (0.09) | 7.72 | 18.15 |
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:
- Hilltop Healthcare Centre Limited
- 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 Makers | Up to 5,02,000 Equity Shares aggregating up to Rs.301.20 Lakhs |
| Net Issue to the Public | Up 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 Investors | Not more than 9,52,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 4,76,000 Equity Shares |
| Equity Shares outstanding after the Issue | 4,76,000 Equity Shares |
Goel Food IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- To Meet Working Capital Requirements
- 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 EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | (0.09) | (0.10) | 28.79 |
| 31-Mar-20 | 7.72 | 8.36 | – |
| Mar-19 | 18.15 | 20.00 | – |
Goel Food IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Goel Food Products Limited | 10 | – | (0.02) | 0.10 | 713.66 |
| 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 Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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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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