Goel Food Products Limited

Company Profile
Company Name Goel Food Products Limited
Open Date 15-06-2022
Close Date 22-06-2022
Exchange BSE SME
Lot Size 1600 Shares
Issue Price ₹72 per share
Issue Size 10,01,600 Equity shares of FV of ₹ 10 (aggregating up to ₹ 721.15 Lakh)
Application Amount ₹1,15,200.00
Recommendation Avoid
Incorporated in the year 1996, Goel Food Products Limited is involved in the manufacturing of Indian Snacks and Sweets, Providing Banquet Hall services, Providing Hotel and Guest House services. As mentioned in the prospectus, it has 8 banquet halls, 2 Indian sweet and snacks shops, 1 hotel and 1 guest house all in Kolkata. The company operates and manages banquet halls and Indian snacks and sweet shops under the brand name “”BIKA””. The company is also exporing to provide marriage packages which would also include destination weddings.
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Summary of Financials (All financials in Lakh)

For the Period Ended Mar-22 Mar-21 Mar-20
Total Assets 4,563.02 2,654.34 3,532.84
Net Assets 941.38 753.73 754.48
Total Borrowings 2,850.80 1,489.13 2,264.36
Total Revenue 1,200.68 753.85 1,606.84
Profit After Tax 187.65 -0.76 63.10

Tentative Timeline

Opening Date 15-06-2022
Closing Date 22-06-2022
Basis of Allotment 23-06-2022
Initiation of Refunds 24-06-2022
Credit of Shares to Demat 27-06-2022
Listing Date 28-06-2022

Objects of the Issue

To Meet Working Capital Requirements
General Corporate Purposes

Contact Information

Registered Office Goel Food Products Limited 76/1/2, Golaghata Road, Kolkata-700048
Phone +91 89613 33312
Email info@goelfood.com
Website https://bika.co.in/

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200
Email ipo@bigshareonline.com
Website https://ipo.bigshareonline.com/ipo_status.html

IPO Reservation

Anchor Investor Shares Offered -
Market Maker Shares Offered 51,200 (5.11%)
Other Shares Offered 4,75,200 (47.44%)
Retail Shares Offered 4,75,200 (47.44%)
Total Shares Offered 10,01,600 (100%)

Shareholding Pattern

Pre Issue Share Holding (Promoters) 99.98%
Post Issue Share Holding (Promoters) 73.41%

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