Goyal Salt IPO Details ( Goyal Salt Limited IPO Review )
(26 Sep 2023 – 29 Sep 2023)
Goyal Salt Limited, founded in 2010, operates in Rajasthan. They refine raw salt from underground brine sources for various uses, including industry and food.
They offer a range of high-quality products: triple-refined iodized salt, industrial salt, double-fortified salt, and half-dry salt. They get most of their raw salt from open market purchases (about 75%), with the rest coming from entities owned by their promoters (about 23%) and salt land harvesting (about 2%).
Additionally, they provide industrial salt to soap, detergent, textile, dyeing, glass, polyester, plastics, rubber, leather, and chemical industries.
Their refinery sits in Nawa City, near Sambhar Lake, spanning 1.45 hectares. They also hold lease rights to harvest salt from 18.66 hectares of government-issued land near Nawa City.
In the fiscal year 2022-23, Goyal Salt Limited recorded a revenue of Rs. 6,005.30 lakhs.
Goyal Salt Limited IPO Competitive Strength
- Experienced management team and promoters with qualified workforce
- Established refining faclility and integrated production with cost efficiencies
- Strong and consistent financial performance and leading market position
- Focus on quality and safety
- Long and strong relationship with customers and dealers and efficient supply chain management
- Coordial relationship between management and labour
Goyal Salt IPO Financials Performance ( Results )
Goyal Salt Limited Financial Information (Restated Standalone)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | Reserves | Borrowing |
| 31-Mar-21 | 2,745.93 | 6,012.96 | 68.15 | 0.52 | 1,121.57 | 921.99 | 1,297.36 |
| 31-Mar-22 | 2,733.41 | 6,615.00 | 62.75 | 0.48 | 1,169.12 | 969.54 | 1,059.80 |
| 31-Mar-23 | 3,000.94 | 11,770.68 | 353.74 | 2.72 | 1,618.11 | 534.92 | 920.11 |
Objective of Goyal Salt IPO 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 Basic Details
| IPO Date | Sep 26, 2023 to Sep 29, 2023 |
| Listing Date | Tuesday, October 10, 2023 |
| Face Value | ₹10 per share |
| Price | ₹36 to ₹38 per share |
| Lot Size | 3000 Shares |
| Issue Size | 4,902,000 shares of ₹10 (aggregating up to ₹18.63 Cr) |
| Fresh Issue | 4,902,000 shares of ₹10 (aggregating up to ₹18.63 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 12,998,250 |
| Share holding post issue | 17,900,250 |
| 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, and Lokesh Goyal HUF |
Goyal Salt IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
Goyal Salt IPO Timetable
Goyal Salt IPO will open on September 26, 2023 and close on September 29, 2023. You can join Goyal Salt IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 26 September 2023 (Tuesday) |
| Closing Date | 29 September 2023 (Friday) |
| Basis of Allotment | 5 October 2023 (Thursday) |
| Initiation of Refunds | 6 October 2023 (Friday) |
| Credit of Shares to Demat | 9 October 2023 (Monday) |
| Listing Date | 10 October 2023 (Tuesday) |
| Deadline for UPI mandate confirmation | 5 PM on 26 September 2023 |
Goyal Salt IPO Lot Size
For retail investors in Goyal Salt IPO, 3000 shares will come in 1 lot or the minimum investment will be ₹114,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹114,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 3000 | ₹114,000 |
| Retail (Max) | 1 | 3000 | ₹114,000 |
| S-HNI (Min) | 2 | 6000 | ₹228,000 |
Goyal Salt IPO Promoter Holding
The company’s promoters include 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.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | – |
Goyal Salt Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | Coming Soon |
| Earning Per Share (EPS) | ₹2.72 per Equity Share |
| Net Asset Value (NAV) | ₹14.94 per Equity Share |
| P/E Ratio (P/E) (x) | 13.97 |
| Return on Net Worth (RoNW) (%) | 21.86 |
| Return on equity (ROE) (%) | 25.38 |
| Return on Capital Employed (ROCE) (%) | 36.22 |
| Debt/Equity Ratio | 0.57 |
Goyal Salt Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| Goyal Salt Limited | Consolidated | 10 | 2.72 | 13.97 | 21.86 | 14.94 |
| Peer Group | ||||||
| Saboo Sodium Chloro Limited | Consolidated | 10 | 0.02 | 816.50 | 0.19 | 11.03 |
Goyal Salt IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 26 September 2023 | ₹18 | – | – |
| 25 September 2023 | ₹18 | – | – |
| 24 September 2023 | ₹18 | – | – |
| 23 September 2023 | ₹18 | – | – |
Goyal Salt IPO Detail Video:
Goyal Salt IPO Subscription Status (Bidding Detail)
The Goyal Salt IPO on September 29, 2023 at 7:30:00 PM was subscribed 294.61 times, with the retail category being subscribed 377.97 times, the NII (Non-Institutional Investor) category being subscribed 382.45 times, QIB (Qualified-Institutional Buyers) category being subscribed 67.20 times.
| Category | Subscription |
| QIB | 67.20x |
| NII | 382.45x |
| Retail | 377.97x |
| Total | 294.61x |
Goyal Salt IPO Prospectus
| Goyal Salt IPO DRHP | Download |
| Goyal Salt IPO RHP | Download |
| Goyal Salt IPO Anchor Investors Details PDF | Download |
Goyal Salt IPO Rating
| Our Rating | 3.5/5.0 |
Goyal Salt Company Contact Information
Goyal Salt Limited
Registered and Corporate Office: Plot No.229-230, Guru Jambeshwar Nagar, Lane No.7 Gandhi Path, Vaishali Nagar, Jaipur Rajasthan 302021 India
Tel. No.: +91 – 9116544419
E-mail: info@goyalsalt.in
Website: www.goyalsaltltd.com
Contact Person: Jayanti Jha Roda, Company Secretary and Compliance Officer
Promoters of Our Company: 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 Registrar
Bigshare Services Private Limited
Registered and Corporate Office: Office No. S-2, 6th Floor, Pinnacle Business Park, Mahakali Caves Road, Next to Ahura Centre, Andheri (East), Mumbai – 400093
Tel: +91 022-6263 8200
Fax: +91 022-6263 8299
Website: www.bigshareonline.com
Email: ipo@bigshareonline.com
Investor Grievance ID: investor@bigshareonline.com
Contact Person: Mr. Babu Rapheal C.
SEBI Registration Number: INR000001385
Goyal Salt IPO Lead Manager
Holani Consultants Private Limited
Registered and Corporate Office: 401 – 405 & 416 – 418, 4th Floor, Soni Paris Point,
Jai Singh Highway, Bani Park, Jaipur – 302016
Tel.: +91 0141 – 2203996
Fax: +91 0141 – 2201259
Website: www.holaniconsultants.co.in
Email: ipo@holaniconsultants.co.in
Investor Grievance ID: complaints.redressal@holaniconsultants.co.in
Contact Person: Mrs. Payal Jain
SEBI Registration No.: INM000012467
Goyal Salt IPO FAQs
What is the lot size of Goyal Salt IPO?
The total size of Goyal Salt IPO is ₹18.63 crores and this is a complete fresh Issue.
When will Goyal Salt IPO start?
Goyal Salt IPO will open from 26 September 2023 and IPO will close on 29 September 2023.
What is the open date of Goyal Salt IPO?
Goyal Salt IPO will open date from 26 September 2023.
What is the last date ( close date ) of Goyal Salt IPO?
Goyal Salt IPO will close from 29 September 2023.
What is the price band of Goyal Salt IPO?
Goyal Salt IPO price band is ₹36 to ₹38. ( Upper Price Band: ₹38, Lower Price Band: ₹36 )
What is the minimum amount required to apply for Goyal Salt IPO?
The minimum investment for retailers to apply for Goyal Salt IPO is ₹114,000 and the maximum investment is ₹114,000.
What is going on gray market premium of Goyal Salt IPO?
View gray market premium of Goyal Salt IPO by Clicking Here
How much is the GMP of Goyal Salt IPO?
Watch Goyal Salt IPO GMP Today: Click Here
What is the allotment date of Goyal Salt IPO?
The allotment date of Goyal Salt IPO is 5 October 2023.
How to check allotment status in Goyal Salt IPO?
To check the allotment status of Goyal Salt IPO, first of all go to the registrar website by clicking here, select your bad Goyal Salt IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Goyal Salt IPO?
The listing date of Goyal Salt IPO is 10 October 2023.
How much will be the listing gain in Goyal Salt IPO?
View listing gain of Goyal Salt IPO by Clicking Here
How much time Goyal Salt IPO is subscribed?
Total 294.61 times subscribed in Goyal Salt IPO out of which 377.97 times subscription was done in retail quota, 382.45 times subscription in NII quota and 67.20 times subscription in QIB quota.
How to apply for Goyal Salt IPO from Upstox?
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How to apply for Goyal Salt IPO from Zerodha?
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