Goyal Salt Limited IPO (Goyal Salt IPO)

Goyal Salt Limited IPO
Upcoming Goyal Salt IPO | New Goyal Salt IPO

Goyal Salt Limited is primarily engaged in the business of refining of raw salts procured from sub soil brine in the state of Rajasthan for useable as industrial salts and edible salts.

Goyal Salt Limited refines and supplies a pure, refined, and quality range of triple-refined free-flow iodized salt, industrial salt, double-fortified salt, and triple-refined half-dry salt.

The company’s product list includes Refined free-flow iodized Salt, Refined Free Flow Industrial Salt, Double Fortified Salt, and Refined Half Dry Salt. The company sources raw materials mainly from open market purchases which is around 75% of the total requirement of raw salt, as well as from its promoters-controlled entities and salt land harvesting owned by them, which supply around 23% and 2% respectively of the total requirement of the raw material.

The company also produces and supplies industrial salt for soap and detergent industries, textile and dyeing industries, industries producing glass, polyester, plastics, rubber, and leather, and chemical industries.

The company’s refinery is located in Nawa City, adjacent to Sambhar Lake, spread across 1.45 Hectares of land. The company also has lease rights to harvest raw salt over 18.66 Hectares of land issued by the Government of Rajasthan in the vicinity of the salt-producing area of Nawa City in Rajasthan.

The company has supplied its products to the State Government of 3 states which are Madhya Pradesh, Uttar Pradesh and Jharkhand.

Goyal Salt IPO

Goyal Salt IPO – Details

IPO Opening Date26 September 2023
IPO Closing Date03 October 2023
Issue TypeBook Built Issue IPO
Issue Size49,02,000 Shares Worth ₹18.63 Crore
Fresh Issue: 49,02,000 Shares Worth ₹18.63 Crore
Face Value₹10 per equity share
IPO Price₹36 – ₹38
Market Lot3000 Shares
Min Order3000 Shares (1 Lot)
Listing AtNSE SME
RegisterBigshare Services Pvt Ltd
QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Goyal Salt IPO – Date Schedule

IPO Open Date26 September 2023
IPO Close Date03 October 2023
Basis of Allotment06 October 2023
Initiation of Refund09 October 2023
Credit of Shares to Demat Account10 October 2023
IPO Listing Date11 October 2023
Cut-off time for UPI mandate confirmation5 PM on Oct 03, 2023

Goyal Salt IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)130001,14,000
Retail (Maximum)130001,14,000
HNI (Minimum)260002,28,000

Competitive Strengths

  • Experienced management team and promoters with qualified workforce.
  • Established refining facility and integrated production with cost efficiencies.
  • Strong and consistent financial performance.
  • Focus on quality and safety.
  • Long and strong relationship with customers and dealers and efficient supply chain management.
  • Cordial relationship between management and labour.

Company Promoters

  • Rajesh Goyal
  • Pramesh Goyal
  • Lokesh Goyal
  • Radhika Goyal
  • Priyanka Goyal
  • Rekha Goyal
  • Kunj Bihari Goyal (HUF)
  • Rajesh Goyal (HUF)
  • Parmesh Goyal (HUF)
  • Lokesh Goyal (HUF)

Object Of The Issue

  • Capital Expenditure for quality enhancement.
  • Brand creation and marketing expenses.
  • Working Capital Requirements.
  • General corporate purposes.
Goyal Salt IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 202160.1359.200.6812.97
31 March 202266.1565.070.6310.60
31 March 2023117.71112.863.549.20
Amount in ₹ Crore

Key Performance Indicator

P/E (x)13.97
EPS (Rs)2.72

Goyal Salt IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding

Goyal Salt IPO Prospectus

Company Contact Information

Goyal Salt Limited

Plot No. 229-230, Guru Jambeshwar Nagar,
Lane No. 7 Gandhi Path, Vaishali Nagar,
Jaipur – 302021

Phone: +91 – 9116544418
Email: cs@goyalsalt.in

Goyal Salt IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com

Goyal Salt IPO Lead Manager(s)

1. Holani Consultants Private Limited

Goyal Salt IPO FAQs

Goyal Salt IPO FAQs
What is Goyal Salt IPO?

Goyal Salt IPO is a SME IPO. The issue is priced at ₹36 – ₹38 per equity share. The IPO is to be listed on NSE SME.
When Goyal Salt IPO will open?

The IPO is to open on  26 September 2023 for QIB – 50%, NII – 15% and Retail – 35% Investors.
How to Goyal Salt IPO?

You can apply Goyal Salt IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply the Goyal Salt IPO through 5 Paisa?

Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Goyal Salt”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa.
How to Apply the Goyal Salt IPO through Edelweiss?

Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Goyal Salt”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss.
What is Goyal Salt IPO Size?

Goyal Salt IPO size is ₹18.63 crores.
What is Goyal Salt IPO Price Band?

Goyal Salt IPO Price Band is ₹36 – ₹38.
What is Goyal Salt IPO Minimum and Maximum Lot Size?

The minimum bid is 3000 Shares with ₹1,14,000 amount while the maximum bid is 3000 shares with ₹1,14,000.
What is the Goyal Salt IPO Allotment Date?

Goyal Salt IPO allotment date is  06 October 2023.
What is the Goyal Salt IPO Listing Date?

Goyal Salt IPO listing date is 11 October 2023. The IPO is to list on NSE SME.
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