The Goyal Salt IPO date has been announced. The IPO will begin on September 26 and end on September 29. Goyal Salt is an NSE SME IPO that will raise 18.63 crore through the IPO. The price band for the Goyal Salt IPO is set at 36 to 38, with a market lot of 3000 shares.
Goyal Salt’s primary activity is refining raw salts obtained from subsoil brine in Rajasthan for use as industrial salts and consumable salts. The company refines and sells a high-quality, pure, and refined range of triple-refined free-flow iodized salt, industrial salt, double-fortified salt, and triple-refined half-dry salt. Their refining procedure does not include chemical or dangerous substance adulteration. They have a well-equipped refinery in Nawa City, which is close to the famed Sambhar Lake.
In addition to the refinery, they hold lease rights to harvest raw salt on 18.66 Hectares of land provided by the Government of Rajasthan near the salt-producing area of Nawa City in Rajasthan. Their refinery complex area is located in Nawa City and contains 1.45 Hectares of land dedicated to salt refining, storage of raw salts obtained from sub-soil brine, and packaging of finished salts. They have a team of highly skilled and committed technical personnel for quality control, production, efficiency, maintenance, research and development, finance, and accounting.
Raw salt is the raw ingredient required to manufacture refined salt. The Company obtains about 75% of its raw salt requirements for all of its products, which include Refined Free Flow Iodized Salt, Refined Free Flow Industrial Salt, Double Fortified Salt, and Refined Half Dry Salt, via open market transactions. In addition to open market acquisitions, they get raw material from promoter-controlled firms and harvest raw salts on salt lands owned by their Company, which contribute approximately 23% and 2% of their total raw material requirement, respectively.
Goyal Salt IPO Date & Price Band Details
| IPO Open: | September 26, 2023 |
| IPO Close: | September 29, 2023 |
| IPO Size: | Approx ₹18.63 Crores, 4,902,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹36 to ₹38 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
Objects of the Issue:
- Capital Expenditure for Quality Enhancement.
- Brand Creation and Marketing Expenses.
- Funding the working capital requirements of the company
- General Corporate Purposes.
Goyal Salt IPO Review
- To be updated soon
Goyal Salt IPO Market Lot
The Goyal Salt IPO minimum market lot is 3000 shares with a ₹114,000 application amount.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 3000 | ₹114,000 |
| Retail Maximum | 1 | 3000 | ₹114,000 |
| S-HNI Minimum | 2 | 6000 | ₹228,000 |
Goyal Salt IPO Dates
The Goyal Salt IPO date is September 22 and the IPO close date is September 26. The IPO allotment date is September 30 and the IPO might list on September 5.
| IPO Open Date: | September 26, 2023 |
| IPO Close Date: | September 29, 2023 |
| Basis of Allotment: | October 5, 2023 |
| Refunds: | October 6, 2023 |
| Credit to Demat Account: | October 9, 2023 |
| IPO Listing Date: | October 10, 2023 |
Goyal Salt IPO Form
How to apply Goyal Salt IPO? –>You can apply for Goyal Salt IPO using ASBA from your bank account. Simply go in to your online bank account and apply through your bank account by selecting the Goyal Salt IPO in the Invest section. The other option is to apply for the Goyal Salt IPO using the IPO forms available on the NSE website. Check out the Goyal Salt varieties.
Goyal Salt Company Financial Report
| Year(₹ in Crores) | Revenue | Expense | PAT |
|---|---|---|---|
| 2021 | ₹60.13 | ₹59.20 | ₹0.68 |
| 2022 | ₹66.15 | ₹65.07 | ₹0.63 |
| 2023 | ₹117.71 | ₹112.86 | ₹3.54 |
Goyal Salt IPO Valuation – FY2023
Check Goyal Salt IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹2.72 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 21.86% |
| Net Asset Value (NAV): | ₹14.94 per Equity Share |
Peer Group
- Saboo Sodium Chloro Limited
Goyal Salt IPO Lead Managers aka Merchant Bankers
- Holani Consultants Private Limited
Goyal Salt IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: http://www.bigshareonline.com
Company Address
Goyal Salt Limited
Plot No. 229-230, Guru Jambeshwar Nagar,
Lane No. 7 Gandhi Path, Vaishali Nagar,
Jaipur – 302021
Phone: +91 – 9116544418
Email: [email protected]
Website: https://goyalsaltltd.com
Company Promoters
- 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 FAQs:
Q1. What is Goyal Salt IPO?
Ans. Goyal Salt IPO is an NSE SME IPO. They are going to raise ₹18.63 Crores via IPO. The issue is priced at ₹36 to ₹38 per equity share. The IPO is to be listed on NSE.
Q2. When Goyal Salt IPO will open?
Ans. The IPO is to open on September 26, 2023 for QIB, NII, and Retail Investors.
Q3. What is Goyal Salt IPO Investors Portion?
Ans. The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
Q4. How to Apply the Goyal Salt IPO?
Ans. You can apply Goyal Salt IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
Q5. How to Apply the Goyal Salt IPO through Zerodha?
Ans. Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Goyal Salt”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.
Q6. How to Apply the Goyal Salt IPO through Upstox?
Ans. Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Goyal Salt”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.
Q7. How to Apply the Goyal Salt IPO through Paytm Money?
Ans. Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Goyal Salt”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.
Q8. What is Goyal Salt IPO Size?
Ans. Goyal Salt IPO size is ₹18.63 crores.
Q9. What is Goyal Salt IPO Price Band?
Ans. Goyal Salt IPO Price Band is ₹36 to ₹38 per equity share.
Q10. What is Goyal Salt IPO Minimum and Maximum Lot Size?
Ans. The IPO bid is 3000 shares with ₹114,000.
Q11. What is Goyal Salt IPO Allotment Date?
Ans. Goyal Salt IPO allotment date is October 5, 2023.
Q12. What is Goyal Salt IPO Listing Date?
Ans. Goyal Salt IPO listing date is October 10, 2023. The IPO to list on NSE SME.
