Goel Food Products IPO
Goel Food Products (IPO) incorporated in 1996, Company is 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:
- Strong Value Proposition
- Locational Advantage
- Low Set-up Cost
- Established brand and reputation
- Rich Management Experience
- Progressive Employer
- Quality Service
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 2654.34 | 753.85 | 0.76 |
| 31-Mar-20 | 3532.84 | 1606.84 | 63.1 |
| 31-Mar-19 | 2903.58 | 1386.7 | 148.38 |
| Amount in ₹ Lakhs |
Objects of the Issue
The company intends to utilize the Net Fresh Issue Proceeds for the following Objects:
1. To Meet Working Capital Requirements.
2. General Corporate Purposes.
IPO Details
| Goel Food Products IPO Date | Jun 15, 2022 to Jun 20, 2022 |
| Goel Food Products IPO Face Value | ₹10 per share |
| Goel Food Products IPO Price | ₹60 per share |
| Goel Food Products IPO Lot Size | 2000 Shares |
| Issue Size | 1,004,000 shares of ₹10 (aggregating up to ₹6.02 Cr) |
| Fresh Issue | 502,000 shares of ₹10 (aggregating up to ₹3.01 Cr) |
| Offer for Sale | 502,000 shares of ₹10 (aggregating up to ₹3.01 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Retail Shares Offered | 50% of the net offer |
| NII (HNI) Shares Offered | 50% of the net offer |
| Company Promoters | Hilltop Healthcare Centre Limited and Mr Dinesh Goyal are the company promoters. |
IPO Lot Size
The Goel Food Products IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹120,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹120,000 |
| Maximum | 1 | 2000 | ₹120,000 |
IPO Promoter Holding
| Pre Issue Share Holding | 99.98% |
| Post Issue Share Holding | 73.36% |
IPO Prospectus
- › DRHP
Company Contact Information
Goel Food Products Limited
76/1/2,
Golaghata Road,
Kolkata-700048
Phone: +91 89613 33312
Email: [email protected]
Website: https://bika.co.in/
IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: http://www.bigshareonline.com
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IPO Lead Manager(s)
- Gretex Corporate Services Pvt Ltd
