Goel Food IPO description – The company started in 1996 as an Indian Snacks and Sweets Manufacturing Company and later diversified in the catering and event planning industry. In 2009, the company opened its first banquet hall in Ultadanga, 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 shops 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 halls and serve Indian snack and Sweets at its retail shops.
At present, it operates and manages banquet and Indian snacks and sweets shop business under the name “BIKA” at various locations in Kolkata. Goel Food Products has a holding company named Hilltop Healthcare Centre Limited which holds 64.6% in the company.
The company intends to expand presence in other key travel and business destinations in India. As destination wedding is a new trend and people are opting for the same, Goel Food Products wants to capitalize on the trend.
Promoters of Goel Food Products – Hilltop Healthcare Centre Limited and Mr Dinesh Goyal
Goel Food IPO Details
| Subscription Dates | 15 – 20 June 2022 |
| Price Band | INR72 per share |
| Fresh issue | 5,00,800 shares (INR3.61 crore) |
| Offer For Sale | 5,00,800 shares (INR3.61 crore) |
| Total IPO size | 10,01,600 shares (INR7.22 crore) |
| Minimum bid (lot size) | 1,600 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME |
Goel Food Financial Performance
| FY2019 | FY2020 | FY2021 | 9M FY2022 | |
| Revenue | 1,386.7 | 1,606.8 | 753.9 | 1,200.7 |
| Expenses | 1,306.0 | 1,516.7 | 741.0 | 955.2 |
| Net income | 148.4 | 63.1 | (0.8) | 187.7 |
Goel Food Offer News
Goel Food Offer Valuation (as of FY2021)
Earnings Per Share (EPS): -INR0.02
Pre-IPO Price/Earnings (PE ratio): NA
Return on Net Worth (RONW): -0.10%
Net Asset Value (NAV): INR28.79 per share
Goel Food IPO GMP Daily Trend
| Date | Goel Food IPO GMP | Kostak | Subject to Sauda |
Goel Food IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
| Shares Offered | 5,00,800 | 5,00,800 | 10,01,600 |
| Day 1 | 0.27 | 0.03 | 0.15 |
| Day 2 | 0.41 | 0.84 | 0.62 |
| Day 3 | 0.71 | 1.28 | 0.99 |
| Day 4 | 1.21 | 2.07 | 1.64 |
Goel Food Offer Registrar
Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building,
Makwana Road, Marol,
Andheri East, Mumbai – 400 059,
Maharashtra
Phone: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com
Goel Food IPO Contact Details
Goel Food Products Limited
76/1/2, Golaghata Road,
Kolkata- 700048,
West Bengal
Phone: +91 89613 33312
Email: [email protected]
Website: www.bika.co.in
Goel Food IPO Allotment Status
Goel Food IPO allotment is now available on Bigshare Services’ website. Click on this link to get allotment status.
Goel Food IPO Timetable
| IPO Opening Date | 15 June 2022 |
| IPO Closing Date | 20 June 2022 |
| Finalisation of Basis of Allotment | 23 June 2022 |
| Initiation of refunds | 24 June 2022 |
| Transfer of shares to demat accounts | 27 June 2022 |
| Listing Date | 28 June 2022 |
| Opening Price on BSE SME | INR75 per share (up 4.27% from IPO price) |
| Closing Price on BSE SME | INR78.75 per share (up 9.38% from IPO price) |
Goel Food IPO FAQs
What is Goel Food offer size?
Goel Food offer size is INR7.22 crore.
What is Goel Food IPO Price Band?
Goel Food public offer price is INR72 per share.
What is the lot size of Goel Food IPO?
Goel Food offer lot size is 1,600 shares.
What is Goel Food IPO GMP today?
Goel Food IPO GMP today is NA per share.
What is Goel Food kostak rate today?
Goel Food kostak rate today is NA per application.
What is Goel Food Subject to Sauda rate today?
Goel Food Subject to Sauda rate today is NA per application.
