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.
| 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
| Listing Date | 11 October 2023 |
| 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.