Goel Food Products Limited becomes the Three Hundred and Seventy Seventh Company to get listed on BSE SME Platform
Goel Food Products Limited is West Bengal based company whose registered office is at Kolkata.
Goel Food Products Limited became the 377th company to get listed on the BSE SME Platform on June 28, 2022. The company came out with an initial public offering of 1,001,600 equity shares of Rs.10 each for cash at a price of Rs. 72 per equity share, aggregating to Rs. 7.21 crore. The company successfully completed its public issue on June 20, 2022.
Goel Food Products Limited is a West Bengal-based company whose registered office is in Kolkata. The company engaged in the business of manufacturing Indian Snacks and Sweets. The company 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 the banquets hall and serves Indian snacks and Sweets at the company retail shop. The company operates and manages the banquet and Indian snacks and sweets shop business under the name "BIKA" at various locations in Kolkata. Hilltop Healthcare Centre Limited, the company's holding company, owns 64.60 percent of the company.
Mumbai-based Gretex Corporate Services Limited was the lead manager for Goel Food Products Limited.
So far, 144 companies have migrated to the main board. The 376 companies listed on the BSE SME Platform have raised Rs.4,004 crore from the market and the total market capitalization of 376 companies as of June 27, 2022, is Rs. 48,125.38 Crore. BSE is the market leader in this segment with a market share of 61 percent.
SEBI came out with detailed guidelines on 18th May 2010 for the launching of SME Exchange/Platform. BSE was the first stock exchange to get approval from SEBI and launch its SME platform on 13th March 2012.
The response since the launch of this platform by BSE has been very positive to date.