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 – Details
| IPO Opening Date | 26 September 2023 |
| IPO Closing Date | 03 October 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 49,02,000 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 Lot | 3000 Shares |
| Min Order | 3000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Goyal Salt IPO – Date Schedule
| IPO Open Date | 26 September 2023 |
| IPO Close Date | 03 October 2023 |
| Basis of Allotment | 06 October 2023 |
| Initiation of Refund | 09 October 2023 |
| Credit of Shares to Demat Account | 10 October 2023 |
| IPO Listing Date | 11 October 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Oct 03, 2023 |
Goyal Salt IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 3000 | 1,14,000 |
| Retail (Maximum) | 1 | 3000 | 1,14,000 |
| HNI (Minimum) | 2 | 6000 | 2,28,000 |
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.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 60.13 | 59.20 | 0.68 | 12.97 |
| 31 March 2022 | 66.15 | 65.07 | 0.63 | 10.60 |
| 31 March 2023 | 117.71 | 112.86 | 3.54 | 9.20 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 13.97 |
| ROE | 25.38 |
| ROCE | 36.22 |
| Debt/Equity | 0.57 |
| EPS (Rs) | 2.72 |
| RoNW | 21.86 |
Goyal Salt IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| 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 Website: https://goyalsaltltd.com/ |
Goyal Salt IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
Goyal Salt IPO Lead Manager(s)
| 1. Holani Consultants Private Limited |
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. |
