Goel Food Products IPO Date, Lot Size and Price

Goel Food Products IPO Details: The IPO date for Goel Food Products has been set. The IPO will open on June 15 and close on June 20, 2022. Goel Food Products Limited produces Indian snacks and sweets. With the brand “BIKA,” the company operates and maintains banquets as well as an Indian snack and sweet market. They are spread over Kolkata in various areas.

Goel Food Products IPO

Goel Food Products IPO Details

IPO Opening DateJun 15, 2022
IPO Closing DateJun 20, 2022
Price BandRs. 72 per share
Lot Size1600 Shares
Issue Size (Rs. Cr.)1,001,600 shares of Rs 10 (aggregating up to Rs 7.21 Cr)
Fresh Issue500,800 shares of Rs 10 (aggregating up to Rs 3.61 Cr)
Offer for Sale500,800 shares of Rs 10 (aggregating up to Rs 3.61 Cr)
Face ValueRs. 10 per equity share
Issue TypeFixed Price Issue IPO
Exchange BoardBSE SME
Retail Shares Offered50% of the net offer
NII (HNI) Shares Offered50% of the net offer
Basis of Allotment DateJun 24, 2022
Initiation of RefundsJun 27, 2022
Credit of Shares to Demat AccountJun 28, 2022
Goel Food Products IPO Listing DateJun 29, 2022

Goel Food Products IPO Date

Goel Food Products IPO opens on Jun 15, 2022, and closes on Jun 20, 2022. The issue is priced at Rs 72 per share. The minimum order quantity is 1600 Shares.

Goel Food Products IPO Issue Size

Goel Food Products IPO is an SME IPO of 1,001,600 equity shares with a face value of Rs 10 aggregating up to Rs 7.21 Crores.

Goel Food Products IPO Price Band

The Goel Food Products Limited IPO price band has been set at Rs. 72 per equity share by the company.

Goel Food Products IPO Lot Size

Goel Food Products IPO lot size is 1600 Shares and the minimum order quantity is 1600 shares. A retail-individual investor can apply for up to 1 lot (1600 shares or Rs 115,200).

Goel Food Products IPO Allotment Date and Listing Date

The IPO date for Goel Food Products is June 15, and the IPO close date is June 20. The IPO allocation date is June 25, and the IPO list date is June 29.

About Goel Food Products Limited IPO

Goel Food Products Limited, established in 1996, is a manufacturer of Indian snacks and sweets. The company organizes events such as weddings, sangeets, ring ceremonies, birthday parties, anniversary parties, kitty parties, corporate events, kirtans (devotional singing), and thread ceremonies, and provides Indian snacks and sweets at the company retail shop.

The company operates and manages the “BIKA” banquet and Indian snacks and sweets shop business in numerous locations in Kolkata. The company’s holding company, Hilltop Healthcare Centre Limited, owns 64.60 percent of the company.

The company operates in the highly competitive and fragmented hotel and sweet/snack outlets industry. The issue is fully valued based on its super results in a pre-IPO year. A small share base following the IPO signals a prolonged gestation period for migration to the mainboard. The long-term viability of super earnings reported for 9M-FY22 is a big worry. This fully priced offer may be passed up by investors.

Promoters of Goel Food Products IPO

The company’s promoters are Hilltop Healthcare Centre Limited and Mr. Dinesh Goyal.

Goel Food Products IPO FAQs

What is Goel Food Products IPO?

The Goel Food Products IPO is an SME IPO consisting of 1,001,600 equity shares with a face value of Rs 10 and a total value of Rs 7.21 crores. The offering costs Rs 72 per share. The order quantity is limited to 1600 shares.

The initial public offering (IPO) begins on June 15, 2022, and ends on June 20, 2022.

The registrar for the IPO is Bigshare Services Pvt Ltd. The shares are proposed for listing on the BSE SME.

When Goel Food Products IPO will open?

The Goel Food Products’ initial public offering (IPO) begins on June 15, 2022, and ends on June 20, 2022.

What is the lot size of Goel Food Products IPO?

Goel Food Products IPO lot size is 1600 Shares and the minimum order quantity is 1600 shares.

How to apply for Goel Food Products IPO?

You can apply for the Goel Food Products Initial Public Offering (IPO) online utilizing UPI or ASBA as a payment option. The ASBA IPO application can be found in your bank account’s net banking. Brokers who do not provide banking services provide the UPI IPO application.

When Goel Food Products IPO allotment?

On 24 June 2022, the Basis of Allotment for the Goel Food Products IPO will be finalized, and the allotted shares will be credited to your Demat account on June 28, 2022.

When is Goel Food Products IPO listing date?

The Goel Food Products IPO listing date is 29 June 2022. The tentative date of Goel Food Products IPO listing is 29 June 2022.

Who is the registrar of Goel Food Products IPO?

Bigshare Services Pvt Ltd is the registrar for Goel Food Products IPO.

What is Goel Food Products IPO Price Band?

Goel Food Products IPO price band is Rs. 72 per equity share.