IPO

Goyal Salt Limited IPO

NSE SME

Listed On: Oct 11, 2023 at ₹ 130.0

₹ 228000 /6000 Shares
*Min Investment

Check Allotment

26 Sep, 2023

Open Date

03 Oct, 2023

Close Date

06 Oct, 2023

Allotment Date

11 Oct, 2023

Listing Date
Goyal Salt Limited IPO Issue Details
  • Issue Price ₹36-38 per equity share
  • Face Value ₹10 Per Equity Share
  • Issue Price 4,902,000 shares(aggregating up to ₹18.63 Cr)
  • Listing at NSE SME
  • List Price 130.0
  • Listing Date 2023-10-11
  • Lead Manager Holani Consultants Private Limited
  • Registrar Bigshare Services Pvt Ltd
Goyal Salt Limited IPO Details
  • Retail Portion 35%
Goyal Salt Limited IPO Documents
DRHP
RHP
Goyal Salt Limited IPO Details


Goyal Salt Limited IPO is an SME IPO, priced at ₹36-38 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform.

The IPO bidding window is open from Sep 26, 2023 to Oct 3, 2023. The allotment is expected to be finalized on Oct 6, 2023, and the tentative listing date is Oct 11, 2023.


The registrar of the IPO is Bigshare Services Pvt Ltd, and

Read More
Goyal Salt Limited IPO Subscription Analysis And Details
Retail
377.97x
Total
274.45x
As on QIB / NII Retail Total
Day 1 - 26-09-23 05:00 PM 0.01/6.80 x 14.25 x 8.71 x
Day 2 27-09-23 05:00 PM
0.08/26.75 x 53.95 x 33.22 x
Day 3 28-09-23 05:00 PM
4.24/43.57 x 101.31 x 62.00 x
Day 4 29-09-23 05:00 PM
9.62/85.80 x 184.87 x 114.87 x
Day 5 03-10-23 05:00 PM
67.20/285.97 x 377.97 x 274.45 x
Goyal Salt Limited Valuations
Earnings Per Share (EPS) ₹2.72/-
P/E Ratio 13.97
RoNW 21.86%
Net Asset Value (NAV) - Post Issue ₹N/A/-
Goyal Salt Limited Company Financials
In Lakhs
In Lakh
31-Mar-23 31-Mar-22 31-Mar-21
Assets 3,000.94 2,733.41 2,745.93
Revenue 11,770.68 6,615.00 6,012.96
Profit After Tax 353.74 62.75 68.15
About Goyal Salt Limited Company

Goyal Salt Limited is engaged in the business of refining raw salts procured from sub-soil brine in the state of Rajasthan for use 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.

Read More
Goyal Salt Limited - Promoter(s)

Mr. Rajesh Goyal, Mr. Pramesh Goyal, Mr. Lokesh Goyal, Ms. Radhika Goyal, Ms. Priyanka Goyal, Ms. Rekha Goyal, Kunj Bihari Goyal HUF, Rajesh Goyal HUF, Parmesh Goyal HUF, and Lokesh Goyal HUF

Pre Issue Share Holding : %

Post Issue Share Holding : %

Goyal Salt Limited IPO - Issue Objectives
1

Capital Expenditure for Quality Enhancement

2

Brand Creation and Marketing Expenses

3

Funding the working capital requirements of the company

4

General corporate purposes.