Goyal Salt Limited

Offer PeriodSep 26, 2023 – Oct 03, 2023

NSE - SMEListed

Listed Price

₹130.00

+242.11%

Price Band₹36 - ₹38

Lot Size3,000 Shares

Allotment DateOct 06, 2023

Listing DateOct 11, 2023

Subscription294.69 Times

Issue Size₹18.63 Cr

Check Allotment

Share IPO Trend

IPO Details

Subscription

Lot Distribution

Reservation

Company Fin.

₹39
(102.63%)

Premium (ELP)

Goyal Salt Limited's achieved publicly listed status following its IPO debut on Oct 11, 2023 at the NSE platform. The offering successfully mobilized 49,02,000 Shares, with 49,02,000 Shares allocated to corporate growth initiatives.

Investment participation occurred within the established price band of ₹36 to ₹38, starting from minimum lots of 3000 shares. The subscription window from Sep 26, 2023 through Oct 03, 2023 enabled investor participation across market segments.

Share allocation was completed on Oct 06, 2023, determining ownership distribution among successful applicants. The listing represents a milestone achievement, transitioning the company to regulated public market status with associated responsibilities and opportunities.

Goyal Salt IPO Details

IPO Date

Sep 26, 2023 to Oct 03, 2023

Allotment Date

Oct 06, 2023

List Date

Oct 11, 2023

Lot Size

3,000 share

Issue Price

₹36 - ₹38

Issue Size

49,02,000 (aggregating up to 18.63 Cr)

Fresh Issue

49,02,000 (aggregating up to 18.63 Cr)

Offer For Sale

Listing At

NSE

Share Holding Pre-Issue

1,29,98,250

Share Holding Post-Issue

1,79,00,250

Market Marker Portion

2,46,000

Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

Category	Lot(s)	Qty	Amount

Category	Lot(s)	Qty	Amount
Retail (Min)	1	3000	1,14,000
HNI	2	6000	2,28,000

IPO Reservation

Shares49,02,000

QIB

44.86%(21,99,000)

NII (HNI)

14.87%(7,29,000)

RETAIL

33.41%(16,38,000)

Employee

1.84%(90,000)

Market Maker

5.02%(2,46,000)

Total

100.00%(49,02,000)

Goyal Salt IPO Key Performance Indicators

KPI	Values

KPI	Values
EPS	2.72
ROE	25.38
ROCE	36.22
RONW	21.86
PRE IPO(PE)	13.97
POST IPO(PE)	19.19

Company Financials (in ₹ Lakhs)

Period Ended	Mar 2021	Mar 2022	Mar 2023

Period Ended	Mar 2021	Mar 2022	Mar 2023
Assets	2,745.93	2,733.41	3,000.94
Revenue	6,012.96	6,615.00	11,770.68
Net Worth	1,121.57	1,169.12	1,618.11
profit After Tax	68.15	62.75	353.74
Reserves And Surpluse	921.99	969.54	534.92
Total Borrowing	1,297.36	1,059.80	920.11

Goyal Salt IPO About Company

Incorporated in 2010, Goyal Salt Limited is engaged in refining raw salt into various industrial and edible salt products. The company offers triple-refined free-flow iodized salt, industrial salt, double-fortified salt, and triple-refined half-dry salt, catering to sectors like soap, detergents, textiles, dyeing, glass, polyester, plastics, rubber, leather, and chemicals. It sources around 75% of raw salt from the open market, while the remaining is supplied by promoter-controlled entities and its own salt harvesting land. The refinery is located at Nawa City near Sambhar Lake, spread across 1.45 hectares, with an additional 18.66 hectares leased for salt harvesting. The company recorded revenue of Rs. 6,005.30 lakhs in FY 2022-23.

Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."

✅Goyal Salt IPO Strength Factors

⚠️Goyal Salt IPO Risk Factors

🏦Goyal Salt IPO Lead Manager(s)

Holani Consultants Private Limited

👤Goyal Salt IPO 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
Lokesh Goyal HUF

🏢Goyal Salt IPO Company Details

Goyal Salt Limited

Email:cs@goyalsalt.in

Phone:+91 - 9116544418

Website:https://goyalsaltltd.com/

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

📋Goyal Salt IPO Registrar

Bigshare Services Private Limited

Name:Bigshare Services Private Limited

Phone:+91-22-6263 8200

Email:ipo@bigshareonline.com

Website:https://ipo.bigshareonline.com/ipo_status.html

❓Goyal Salt IPO FAQs

Goyal Salt IPO is a main-board IPO of 49,02,000 equity shares of the face value of ₹10 per share aggregating up to ₹0.00 crore shares. The issue is priced at ₹36 - ₹38 per share. The minimum order quantity is .The IPO opens on Sep 26, 2023, and closes on Oct 03, 2023. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE.

Zerodha customers can apply online in Goyal Salt IPO using UPI as a payment gateway. Zerodha customers can apply in Goyal Salt IPO by login into Zerodha Console (back office) and submitting an IPO application form. Steps to apply in Goyal Salt IPO through Zerodha (1) Visit the Zerodha website and login to Console. (2) Go to Portfolio and click the IPOs link. (3) Go to the 'Goyal Salt IPO' row and click the 'Bid' button. (4) Enter your UPI ID, Quantity, and Price. (5) Submit IPO application form. (6) Visit the UPI App (net banking or BHIM) to approve the mandate. Visit Zerodha IPO Application Process Review for more detail.

The Goyal Salt IPO opens on Sep 26, 2023 and closes on Oct 03, 2023.

You can apply in Goyal Salt IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Goyal Salt IPO will be done on Oct 06, 2023, and the allotted shares will be credited to your demat account by Oct 06, 2023

Goyal Salt IPO's listing date is Oct 11, 2023.

Goyal Salt Limited

IPO Details

Subscription

Lot Distribution

Reservation

Company Fin.

₹39(102.63%)

Premium (ELP)

₹39
(102.63%)