The Goyal Salt IPO commenced on September 26, 2023, and concluded on September 29, 2023. The allotment of shares took place on October 5, 2023, and the initiation of refunds began on October 6, 2023. The shares were credited to the demat accounts of investors on October 9, 2023. Finally, the listing of Goyal Salt on the stock exchange occurred on October 10, 2023.
The Goyal Salt IPO was priced at ₹36 to ₹38 per share, with a lot size of 3000 shares. The total issue size was ₹18.63 crores, comprising a fresh issue of ₹18.63 crores. The IPO was listed on the NSE SME.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.
Goyal Salt IPO Basic Details
|Company Name||Goyal Salt Limited|
|Domain of Company||Refine Raw Salt Company|
|Goyal Salt IPO GMP Today||₹18|
|Goyal Salt IPO Listing Gain||47.37%|
|Goyal Salt IPO Open Date||September 26, 2023|
|Goyal Salt IPO Close Date||September 29, 2023|
|Goyal Salt IPO Allotment Date||October 5, 2023|
|Goyal Salt IPO Listing Date||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|
|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 GMP Today:
|Date||GMP||Listing Gain||Kostak||Subject to|
|24 September 2023||₹18||47.37%||–||–|
Goyal Salt Limited IPO Details:
Goyal Salt Limited, established in 2010, operates in Rajasthan, refining raw salt from underground brine sources. They produce high-quality iodized salt, industrial salt, fortified salt, and half-dry salt. The raw materials are mainly purchased from the open market (75%), with some sourced from entities controlled by the promoters (23%) and salt land harvesting owned by them (2%).
The company also supplies industrial salt to various industries such as soap, detergent, textiles, dyes, glass, polyester, plastics, rubber, leather, and chemicals.
Their refinery is in Nawa City, near Sambhar Lake, covering 1.45 hectares. Additionally, they have rights to harvest raw salt on 18.66 hectares of government-leased land in the Nawa City salt-producing area in Rajasthan.
In the fiscal year 2022-23, Goyal Salt achieved sales of Rs. 6,005.30 lakhs.
Goyal Salt IPO More Details Click Here
Goyal Salt IPO FAQs
When is Goyal Salt IPO open?
Goyal Salt IPO will open on 26 September 2023.
When is Goyal Salt IPO Close?
Goyal Salt IPO will be closed on 29 September 2023.
What is Goyal Salt IPO GMP Today?
The Goyal Salt IPO GMP aka Grey Market Premium is ₹18.
What is Goyal Salt IPO Kostak Rates Today?
The Goyal Salt IPO Kostak Rate is ₹000.
What is Goyal Salt IPO Subject to Sauda Price Today?
The Goyal Salt IPO subject to sauda rates is ₹000.
Goyal Salt IPO Expected Returns?
The Goyal Salt expected return is 47.37%.
How much will be the listing gain in Goyal Salt IPO?
Goyal Salt IPO will get listing gain of 47.37%. (Approx.)