Goel Food Products Limited IPO Detail

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:

  • 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.

Goel Food Products 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₹72 per share
Goel Food Products IPO Lot Size1600 Shares
Issue Size1,001,600 shares of ₹10
(aggregating up to ₹7.21 Cr)
Fresh Issue500,800 shares of ₹10
(aggregating up to ₹3.61 Cr)
Offer for Sale500,800 shares of ₹10
(aggregating up to ₹3.61 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.

Goel Food Products IPO Timeline (Tentative Timetable)

Goel Food Products IPO opens on Jun 15, 2022, and closes on Jun 20, 2022. The Goel Food Products IPO bid date is from Jun 15, 2022 10.00 A.M. to Jun 20, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Goel Food Products IPO Opening DateJun 15, 2022
Goel Food Products IPO Closing DateJun 20, 2022
Basis of AllotmentJun 23, 2022
Initiation of RefundsJun 24, 2022
Credit of Shares to DematJun 27, 2022
Goel Food Products IPO Listing DateJun 28, 2022

Goel Food Products IPO Lot Size

The Goel Food Products IPO lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹115,200).


Goel Food Products IPO Promoter Holding

Pre Issue Share Holding99.98%
Post Issue Share Holding73.41%

Goel Food Products IPO Review

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.

Company Contact Information

Goel Food Products Limited
Golaghata Road,
Phone: +91 89613 33312
Email: info@goelfood.com

Goel Food Products IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com

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