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 |
| More IPO’s | Check Here |
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.