Goel Food Products Limited

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/

Offer Documents

Goel Food Products Limited DRHP

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%