Goyal Salt Limited IPO
Goyal Salt Limited is an NSE SME IPO listed on the NSE SME platform, priced at ₹36–₹38 per share. The stock debuted at ₹130, delivering a listing gain of 242.1%. The IPO had a lot size of ₹3000 shares and a minimum investment of ₹1,14,000.
Goyal Salt Limited IPO
- IPO Dates
- Sep 26, 2023 – Oct 3, 2023
- Price band
- ₹36-38 per equity share
- Minimum Investment
- ₹1,14,000
- Issue size
- 4,902,000 shares(aggregating up to ₹18.63 Cr)
- Lot size
- 3000
- Allotment Date
- Oct 6, 2023
- Listing
- Oct 11, 2023
- Listing At
- NSE SME
IPO timeline
-
Sep 26, 2023
Open Date
Completed
-
Oct 3, 2023
Close Date
Completed
-
Oct 6, 2023
Allotment Date
Completed
-
Oct 11, 2023
Listing Date
Completed
Goyal Salt Limited IPO Essentials
Goyal Salt Limited IPO Details
Goyal Salt Limited IPO is priced at ₹36-38 per share with a total issue size of 4,902,000 shares(aggregating up to ₹18.63 Cr). The IPO has a lot size of 3000 shares and is listed on NSE SME.
- Issue price
- ₹36-38 per equity share
- Lot size
- 3000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 4,902,000 shares(aggregating up to ₹18.63 Cr)
- Listing at
- NSE SME
- List price
- 130.0
- Listing date
- Registrar
- Bigshare Services Pvt Ltd
- Lead manager
-
Holani Consultants Private Limited
Goyal Salt Limited IPO Analytics
Goyal Salt Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Goyal Salt Limited IPO Subscription Status
Goyal Salt Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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
- EPS (Post IPO)
- ₹2.72/-
- P/E Ratio
- 13.97
Returns
- RoNW
- 21.86%
Goyal Salt Limited Financials( In Lakhs)
| 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 |
Goyal Salt Limited Company & Offer Insights
About Goyal Salt Limited
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.
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 are the company's promoters of Goyal Salt Limited.
Goyal Salt Limited IPO Issue Objectives
- •
- Capital Expenditure for Quality Enhancement
- •
- Brand Creation and Marketing Expenses
- •
- Funding the working capital requirements of the company
- •
- General corporate purposes.
Contact Information
Frequently Asked Questions
Click any question to reveal the answer
Goyal Salt Limited IPO is a book-built IPO worth ₹4,902,000 shares(aggregating up to ₹18.63 Cr). The price band is ₹36–₹38 per share. The IPO opens on Sep 26, 2023 and closes on Oct 3, 2023. It will be listed on NSE SME Platform. Bigshare Services Pvt Ltd is the registrar.
The price band of Goyal Salt Limited IPO is ₹36 to ₹38 per share.
The lot size of Goyal Salt Limited IPO is 3000 shares.
The minimum investment for Goyal Salt Limited IPO is approximately ₹1,14,000 based on the upper price band .
Goyal Salt Limited IPO opens on Sep 26, 2023 and closes on Oct 3, 2023.
The allotment date of Goyal Salt Limited IPO is Oct 6, 2023.
Goyal Salt Limited IPO is expected to be listed on Oct 11, 2023, on NSE SME Platform.
Goyal Salt Limited IPO valuation snapshot: P/E 13.97, EPS ₹2.72/-, P/B N/A, RoNW 21.86%, and market cap N/A.
To apply for Goyal Salt Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Goyal Salt Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Goyal Salt Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Goyal Salt Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Goyal Salt Limited IPO allotment status on IPO Ji for quick and easy access.