The Goyal Salt IPO started on September 26, 2023, and ended on September 29, 2023. Shares were allocated on October 5, 2023, and refund processes began on October 6, 2023. On October 9, 2023, the shares were credited to investors demat accounts. Goyal Salt was officially listed on the stock exchange on October 10, 2023.
During the IPO, Goyal Salt offered shares at a price range of ₹36 to ₹38 per share, and the lot size was 3000 shares. The total issue size was ₹18.63 crores, with ₹18.63 crores from new shares. The IPO was listed on the NSE SME.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
Goyal Salt Limited IPO Subscription Update Video
Goyal Salt IPO Subscription Status
The Goyal Salt IPO on September 26, 2023 was subscribed 8.71 times, with the retail category being subscribed 14.25 times, the NII (Non-Institutional Investor) category being subscribed 6.80 times, the QIB (Qualified-Institutional Buyers) category being subscribed 0.01 times.
| Category | Subscription |
| QIB | 0.01x |
| NII | 6.80x |
| Retail | 14.25x |
| Total | 8.71x |
Goyal Salt IPO Basic Details
| Company Name | Goyal Salt Limited |
| Domain of Company | Refine Raw Salt Company |
| 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 |
About Goyal Salt Limited
Goyal Salt Limited started its journey in 2010. It’s a company based in Rajasthan that specializes in refining raw salt obtained from underground brine. They do this to make both industrial and edible salt.
The company offers a variety of high-quality salt products, including triple-refined free-flow iodized salt, industrial salt, double-fortified salt, and triple-refined half-dry salt. Their product list includes Refined free-flow iodized Salt, Refined Free Flow Industrial Salt, Double Fortified Salt, and Refined Half Dry Salt. They get their raw salt from different sources: 75% from the open market, 23% from entities controlled by their promoters, and 2% from salt land they own.
Goyal Salt Limited also supplies industrial salt to various industries, such as soap, detergent, textiles, dyeing, glass, polyester, plastics, rubber, leather, and chemicals.
Their refinery is in Nawa City, near Sambhar Lake, on a 1.45-hectare piece of land. Additionally, they have the right to harvest raw salt on 18.66 hectares of land provided by the Rajasthan Government, near Nawa City’s salt-producing area.
In the fiscal year 2022-23, Goyal Salt recorded a revenue of Rs. 6,005.30 lakhs.
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Goyal Salt IPO FAQs
What is the start and end date of Goyal Salt IPO Subscription?
The Goyal Salt IPO started on September 26, 2023, and ended on September 29, 2023.
When does Goyal Salt IPO Subscription open?
The Goyal Salt IPO open on September 26, 2023.
When does Goyal Salt IPO Subscription close?
The Goyal Salt IPO Close on September 29, 2023.
What is the allotment date of Goyal Salt IPO?
The allotment date for Goyal Salt IPO is October 5, 2023.
When is the initial refund date of Goyal Salt IPO?
The initial Refund date for Goyal Salt IPO is October 6, 2023.
When were the shares credited to investors demat accounts for the Goyal Salt IPO?
The shares for the Goyal Salt IPO were credited to investors demat accounts on October 9, 2023.
When will Goyal Salt IPO be listed on the stock market?
Goyal Salt IPO stock market will be listed on October 10, 2023 at 10 am.
What was the price range of the Goyal Salt IPO shares?
The Goyal Salt IPO shares were offered at a price range of ₹36 to ₹38 per share.
What was the lot size for the Goyal Salt IPO shares?
The lot size for the Goyal Salt IPO shares was 3000 shares.
What was the total issue size of the Goyal Salt IPO?
The total issue size of the Goyal Salt IPO was ₹18.63 crores.
How were the shares allocated among different types of investors for the Goyal Salt IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Goyal Salt IPO listed?
The Goyal Salt IPO was listed on the NSE SME.
What is the Goyal Salt IPO Subscription Status?
Goyal Salt IPO is subscribed Times.
