Goyal Salt Ltd
Price Range
₹36 - ₹38
-
Min. Quantity
3,000
Closes on
3 October 2023
-
Min. investment
₹1,14,000/3,000 Shares
Goyal Salt Ltd IPO Timeline
Goyal Salt Limited was originally incorporated as 'Goyal Salt Private Limited' at Jaipur as a private limited company, pursuant to a certificate of incorporation dated November 26, 2010, issued by the RoC, Rajasthan. Subsequently, the Company converted into a public limited company and name of the Company was changed to 'Goyal Salt Limited' vide a fresh certificate of incorporation dated May 18, 2023 at Jaipur was issued to Company by the RoC. The Company is one of the largest Manufacturers and Dealers in all varieties of Sodium Chloride (NaCl).
| Event | Date |
|---|---|
| Goyal Salt Ltd IPO Opening Date | 26 September 2023 |
| Goyal Salt Ltd IPO Closing Date | 3 October 2023 |
| Basis of Allotment | 6 October 2023 |
| Initiation of Refunds | 9 October 2023 |
| Credit of Shares to Demat | 10 October 2023 |
| Goyal Salt Ltd IPO Listing Date | 11 October 2023 |
Goyal Salt Ltd IPO Details
| Goyal Salt Ltd IPO Date | 26 September 2023 to 3 October 2023 |
| Goyal Salt Ltd IPO Face Value | ₹10 per share |
| Goyal Salt Ltd IPO Price | ₹36 to ₹38 per share |
| Goyal Salt Ltd IPO Lot Size | 3,000 |
| Issue Size | Shares of ₹10 (aggregating up to ₹18.63 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹18.63 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Rajesh Goyal, Pramesh Goyal, Lokesh Goyal |
Goyal Salt Ltd IPO Lot Size
The Goyal Salt Ltd IPO lot size is 3,000 shares. A retail-individual investor can apply for up to 1 lots (3,000 shares or ₹1,14,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 3,000 | ₹1,14,000 |
| Maximum | 1 | 3,000 | ₹1,14,000 |
- Strengths
- Risks
- Opportunities
- 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 Financials
Goyal Salt Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 50.63 | 124.08 | 9.45 |
| 03-2023 | 29.1 | 117.71 | 3.54 |
| 03-2022 | 27.33 | 66.15 | 0.63 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Capital expenditure for quality enhancement
- Brand creation and marketing expenses
- Funding the working capital requirements of the company
- General corporate purposes
Goyal Salt Ltd IPO Promoter Holding
| Pre Issue Share Holding | 11.6% |
| Post Issue Share Holding | 8.42% |
Goyal Salt Ltd IPO Subscription Status (Bidding Detail)
The Goyal Salt Ltd IPO is subscribed 195.6744 times on 3 October 2023 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 195.6744 |
Goyal Salt Ltd IPO Prospectus
Goyal Salt Ltd IPO Listing Date
| BSE Script | 91840 |
| NSE Symbol | GOYALSALT |
| Listing In | NSE - SME |
| ISIN | INE0QFE01017 |
| IPO Price | ₹38 |
| Face Value | ₹10 |
Company Contact Information
#229-230 Guru Jambeshwar NagarLane # 7 Gandhi Path Vaish.Ngr,Jaipur-302021
Phone: +91-9116544419
Email: info@goyalsalt.in
Website: www.goyalsaltltd.com
Goyal Salt Ltd IPO Registrar
Goyal Salt Ltd IPO Lead Manager(s)
- Holani Consultants Pvt Ltd
FAQ
What is the issue size of Goyal Salt Ltd IPO?
I have pre-applied for Goyal Salt Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.