Goel Food Products Ltd. has announced public offering of 1004000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 62.00 per share. The gross proceeds of the issue are expected to be Rs 722.88 lakhs.

The company's initial public offer (IPO) will open on 15 June 2022 and is expected to close on 20 June 2022, subject to customary closing conditions.

The IPO includes a fresh Issue of 1004000 Equity Shares of the Company at an price of Rs 72.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.

Goel Food Products Ltd. anticipates using the proceeds of the issue for a) To Meet Working Capital Requirements

b) General Corporate Purposes.

Gretex Corporate Services Pvt. Ltd. as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.