Goel Food Products IPO Guidance & Details

Grey Market News for Goel Food Products IPO :
On 11 June 2022
Subject to Rates# :  nil
GMP Rates :  – nil
Subscription Trend
On (?) June 2022 @ 5.00 pm
NII (50%) 4,76,000 Sh : (?) T
RII (50%) 4,76,000 Sh : (?) T
Tot 952,000 Sh : (?) T

Goel Food Products IPO Details
IPO Date Jun 15, 2022 to Jun 20, 2022
IPO Face Value ?10 per share
IPO Price Rs72 per share
IPO Lot Size 1600 Shares
Issue Size 1,001,600 shares of Rs 10
(aggregating up to Rs7.21 Cr)
Fresh Issue 500,800 shares of Rs 10
(aggregating up to Rs 3.61 Cr)
Offer for Sale 500,800 shares of Rs10
(aggregating up to Rs 3.61 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME

Retail Quota : 50 % ( Net  5,00,800 Shares)
Retail Min Application : 1600 Shares/ Rs. 115,200
Retail Max Application : 1600 Shares/ Rs. 115,200
Retail : Only 313 Applications required for one time subscriptions.

Goel Food Products IPO Timetable ( Tentative ) 
IPO Opening Date Jun 15, 2022
IPO Closing Date Jun 20, 2022
Basis of Allotment Jun 23, 2022
Initiation of Refunds Jun 24, 2022
Credit of Shares to Demat Jun 27, 2022
Scarnose International IPO Listing Date Jun 28, 2022

Goel Food Products IPO Business :

Goel Food Products Limited started as an Indian Snacks and Sweets Manufacturing Company. While being into the Indian snacks and sweets business for more than decade, it dealt with various event management company to whom we provided services of marriage and other incidental services. During this period, its promoters saw an opportunity in the catering and event planning industry and in the year 2009, the company opened its 1st banquet hall in Ultadanga, Kolkata and since then it has been growing in terms of its presence in Kolkata.

From one location it has expanded to four locations in Kolkata and currently it has 8 banquets halls and 2 Indian sweets and snack shop and one hotel and one guest house. It provides services such as organizing events like Marriages, Sangeet, Ring Ceremony, Birthday Parties, Anniversary Parties, Kitty Parties, Corporate Events, Kirtans (Devotional Singing), Thread Ceremony at its banquets hall and it serves Indian snack and Sweets at our retail shop. It also generates rent income from our hotels and guest house. Apart from the event management business. The company operates only in one city i.e., Kolkata.For more information about the business, Click  https://bika.co.in/

Promoters of Goel Food Products IPO

Hilltop Healthcare Centre Limited and Mr Dinesh Goyal

Goel Food Products : Objects of the IPO

To Meet Working Capital Requirements

Registered office of Goel Food Products IPO
Goel Food Products Limited
76/1/2, Golaghata Road,
Kolkata-700048
Company Secretary and Compliance Officer:

Lead Manager of Goel Food Products IPO

SME IPO Financial & Analytical Ratios#
Earnings per Share 2019-20,Rs 1.93
Earnings per Share 2020-21 Rs (0.02)
Earnings per Share 2021-22 9M Rs 5.74
Return on Net Worth: 19-20 8.36 %
Return on Net Worth: 20-21: (0.010) %
Return on Net Worth: 21-22 : 19.93 %
Book Value of the Share as on 31.12.21 Rs 28.79
Book Value of the Share after the IPO Rs 32.30
Offer Price Rs. 60

IPO Peer Comparison:
TGB Banquets @ PE Multiples of NIL
EIH @ PE Multiples of NIL

Observation by Paresh Gordhandas ( Research Analyst )
For Guidance : Will be updated soon 

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