Goyal Salt IPO Review, Prices, Dates, Fundamentals

Goyal Salt IPO Review, Prices, Dates, Fundamentals: The book-built Goyal Salt IPO is worth Rs 18.63 crores. 49.02 lakh shares are being issued totally as new shares. The pricing range for the Goyal Salt Limited IPO is 36 to 38 rupees per share. 3000 Shares are the bare minimum lot size for an application. Retail investors must make an initial investment of at least 114,000. HNI investors must invest a minimum of 2 lots (6,000 shares), or 228,000 Rupees.


On September 26, 2023, subscriptions for the Goyal Salt Initial Public Offer begin, and they end on September 29, 2023. On Thursday, October 5, 2023, the Goyal Salt IPO’s allotment is anticipated to be completed. The planned listing date for the Goyal Salt IPO on the NSE SME is set on Tuesday, October 10, 2023.

The Goyal Salt IPO’s registrar is Bigshare Services Pvt Ltd, and the book-running lead manager is Holani Consultants Private Limited. Holani Consultants is the market maker for the IPO of Goyal Salt.

Goyal Salt IPO Overview

Company Overview
Company Name Goyal Salt Limited
IPO Opening Date 26 September, 2023
IPO Closing Date 29 September, 2023
Face Value 10₹ Per Share
Share Price Range 36₹ To 38₹
Lot Size 3000 Shares
GMP 56₹ Per Share
Issue Type Book Built Issue
Total IPO Issue Size 4,902,000 Shares
Fresh Issue Size 4,902,000 Shares
IPO Listing At NSE SME
Share Holding Pre Issue 12,998,250
Share Holding Post Issue 17,900,250
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Goyal Salt IPO Lot Size

IPO Lot Size
Minimum Retail Applications 01 Lot
Maximum Retail Applications 01 Lot
Minimum HNI Applications 02 Lots
Total Shares In Single Lot 3000 Shares
Amount For Single Lot 114,000 Rupees


Goyal Salt IPO Time Table (Tentative)

IPO Time Table Complete Details
IPO Initiation Date 26 September, 2023
IPO Ending Date 29 September, 2023
Basis Of Allotment 05 October, 2023
Initiation Of Refund 06 October, 2023
Shares Credit To Demat Account 09 October, 2023
Date Of Listing 10 October, 2023
Cut Off Time For UPI Mandate Confirmation 05 PM, 29 September, 2023


Goyal Salt IPO Reservation Details

IPO Reservation Overview
Shares Offered To Retailers Not Less Than 35% Of Net Offer
Shares Offered To HNI Not Less Than 15% Of Net Offer
Shares Offered To QIB Not More Than 50% Of Net Offer


Goyal Salt Company Financials

Company Financials Information
This Data Is Of 31 March, 2023
Total Revenue 11,770.68 Cr
Assets 3,000.94 Cr
Profit After Tax 353.74 Cr
Net Worth 1,618.11 Cr
Reserves And Surplus 534.92 Cr
Debt 920.11 Cr


Goyal Salt Promoters Holding

Share Holding Pre Issue 100%
Share Holding Post Issue Not Declared Yet


Goyal Salt Key Performance Indicators

Key Performance Indicators
KPI Values
P/E (X) 13.97
EPS 2.72
ROE 25.38%
ROCE 36.22%
RoNW 21.86%


Is Goyal Salt IPO Good Or Bad To Buy?

Despite the fact that the industry in which the company competes is extremely fragmented. It had unchanged bottom lines in FY21 and FY22, but FY23 saw a significant increase thanks to its focus on the B2C business model.

With high-quality products, the company hopes to become a household name and reap greater benefits for both itself and its stakeholders. Investors may think about setting aside money for the potential medium- to long-term gains in this attractive industry.


What Is The Future Of Goyal Salt Stock?

Goyal Salt Limited refines and distributes a pure, refined, and quality range of industrial salt, double-fortified salt, triple-refined half-dry salt, free-flow iodized salt, and salt. Refined free-flow iodized salt, Refined Free Flow Industrial Salt, Double Fortified Salt, and Refined Half Dry Salt are among the company’s products.

The company purchases its raw materials primarily on the open market, which accounts for about 75% of its total requirement for raw salt, as well as from entities under the control of its promoters and salt land owned by them, which supply about 23% and 2% of the total demand for the raw material, respectively.

Goyal Salt Limited was founded in 2010 and specializes in processing raw salts obtained from subsoil brine in the state of Rajasthan for use as both industrial and edible salts.


What Is The Objective Of Goyal Salt IPO Issue?

According to the firm, the following expenses will be partially covered by the net revenues from the offering:

  • Brand Creation and Marketing Expenses.
  • Capital Expenditure for Quality Enhancement.
  • Funding the company’s operating capital needs.
  • General Corporate Purposes.


How To Apply For Goyal Salt IPO?

You can apply for the Goyal Salt IPO online and pay with either UPI or ASBA. You can use the ASBA IPO application by using your bank’s net banking service. Brokers who do not supply banking services offer UPI IPO apps. More information on how to apply for an IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank, and SBI Bank can be found here.

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