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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 EndedTotal AssetsTotal RevenueProfit After Tax
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 DateJun 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 Size2000 Shares
Issue Size1,004,000 shares of ₹10
(aggregating up to ₹6.02 Cr)
Fresh Issue502,000 shares of ₹10
(aggregating up to ₹3.01 Cr)
Offer for Sale502,000 shares of ₹10
(aggregating up to ₹3.01 Cr)
Issue TypeFixed Price Issue IPO
Listing AtBSE SME
Retail Shares Offered50% of the net offer
NII (HNI) Shares Offered50% of the net offer
Company PromotersHilltop 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).


IPO Promoter Holding

Pre Issue Share Holding99.98%
Post Issue Share Holding73.36%

IPO Prospectus

Company Contact Information

Goel Food Products Limited
Golaghata Road,
Phone: +91 89613 33312
Email: [email protected]

IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: [email protected]

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IPO Lead Manager(s)

  1. Gretex Corporate Services Pvt Ltd