Select Page

Goyal Salt IPO Detail 2023

Goyal Salt IPO Detail 2023

Introduction

The Goyal Salt IPO will open on September 26 and close on September 29, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 18.63 crore through this public offering, consisting of 49.02 lakh shares with a face value of ₹ 10 each, which will be issued at a price of ₹ 36 to ₹ 38 per share.

Goyal Salt Limited (“the Company”)

Goyal Salt Limited was incorporated in 2010. The company is primarily engaged in the business of refining raw salts procured from sub-soil brine in the state of Rajasthan for use as industrial salts and edible salts. It refines and supplies a pure, refined, and quality range of triple-refined free-flow iodized salt, industrial salt, double-fortified salt, and triple-refined half-dry salt.

Its refinery complex area is situated in Nawa City, which has a total area of 1.45 hectares of land and has dedicated space for the refining of salts, storage of raw salts procured from subsoil brine, and packaging of refined salts.

Company Key Metrics

Earning Per Share (EPS)₹ 2.72 per Equity Share
Debt to Equity Ratio0.57
ROE25.38%
ROCE36.22%
P/E (x)13.97
Return on Net Worth (RoNW)21.86%

Objects of the Issue,

  1. Capital Expenditure for Quality Enhancement;
  2. Brand Creation and Marketing Expenses;
  3. Funding the working capital requirements of the company; and
  4. General corporate purposes.

Financial Highlights (Restated)

ParticularsFY 2022-23FY 2021-22FY 2020-21
Net Worth1,618.111,169.121,121.57
Total Assets3,000.942,733.412,745.93
Reserve & Surplus534.92969.54921.99
Total Borrowings920.111,059.801,297.36
Total Revenue11,770.686,615.006,012.96
Profit After Tax353.7462.7568.15
(Amount in ₹ Lakhs)

IPO details

As per the DRHP filed with SEBI, 49.02 lakh shares will be offered as a fresh issue in the NSE SME segment. The face value of the shares is ₹ 10. The market maker would receive 2.46 lakh shares of the offering. While Holani Consultants Private Limited will be the lead manager for the IPO, Bigshare Services Pvt Ltd will be the registrar. It will be a book-built issue, so there will be a price band rather than a price point, and the actual issue price will be discovered by building the book.

Issue TypeBook Built Issue IPO
IPO Price₹ 36 to ₹ 38 per share
Face Value₹ 10 per share
Market Lot3,000 shares
Issue Size4,902,000 shares (aggregating up to ₹ 18.63 crores)
Fresh Issue4,902,000 shares (aggregating up to ₹ 18.63 crores)
Listing AtNSE SME

Market Maker detail

Market makerHolani Consultants
Market maker portion246,000 shares

Shareholding Pattern

Shareholding pre-issue12,998,250
Shareholding post issue17,900,250

IPO Reservation

CategoriesNo. of shares offered
QIB shares offeredNot more than 50% of the net offer
NII (HNI) shares offeredNot less than 15% of the offer
Retail shares offeredNot less than 35% of the offer

Anchor Investors 

A total of 13,17,000 shares are offered to Anchor investors. The Anchor Investor lock-in period for 50% of equity shares is November 20, 2023, and February 14, 2024, for the remaining portion.

Anchor Investor Bid DateSeptember 25, 2023
Anchor Portion Size₹ 5 crores (Shares offered * Upper Price)
Anchor lock-in period end date (50% Shares) November 20, 2023 (30 Days)
Anchor lock-in period end date (remaining shares)February 14, 2024 (90 Days)

GMP: Goyal Salt IPO

GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.

Tentative Dates: Goyal Salt IPO

The issue opens for subscription on September 26, 2023, and closes for subscription on September 29, 2023 (both days inclusive). The basis of allotment will be finalised on October 5, 2023, and the refunds will be initiated on October 6, 2023. In addition, the demat credits are expected to happen on October 9, 2023, and the stock will be listed on the NSE SME on October 10, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.

Opening DateSeptember 26, 2023
Closing DateSeptember 29, 2023
Basis of AllotmentOctober 5, 2023
Initiation of RefundsOctober 6, 2023
A credit of shares to Demat A/cOctober 9, 2023
Listing DateOctober 10, 2023

Lot Size

The lot size of the Goyal Salt IPO is 3,000 shares. A retail-individual investor can apply for up to 1 lot, i.e. 3,000 shares of ₹ 114,000.

ApplicationsLotsSharesAmount
Retail (Minimum)13,000₹ 114,000
Retail (Maximum)13,000₹ 114,000
HNI (Minimum)26,000₹ 228,000

Promoters Holdings 

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 are the promoters of the company.

Pre-issue Shares Holdings100%
Post-issue Shares Holdings

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
IPO RHP
Company Contact InformationGoyal Salt Limited
Plot No. 229-230, Guru Jambeshwar Nagar, Lane No. 7 Gandhi Path,
Vaishali Nagar, Jaipur – 302021
Phone:
+91 – 9116544418
Email:
[email protected]
Website: https://goyalsaltltd.com/
IPO RegistrarBigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/ipo_status.html
IPO Lead Manager(s)Holani Consultants Private Limited

FAQs

The Goyal Salt IPO price is ₹ 36 to ₹ 38 per share.

The minimum investment size is one lot for retail investors. One lot of the Goyal Salt IPO contains 3,000 shares of ₹ 114,000.

The finalisation of the basis of allotment for the Goyal Salt IPO will be done on October 5, 2023, and the allotted shares will be credited to your demat account by October 9, 2023. Check the Goyal Salt IPO allotment status.

The Goyal Salt IPO shares listing date is October 10, 2023.

The investors’ portion for QIB is 50% of the Net offers, NII (HNI) is 15%, and retail is 35% of the offer.

Click here for more FAQs.

Leave a reply

Your email address will not be published. Required fields are marked *

Current IPO (Main Board)

Issuer CompanyOpenClose
Tata Technologies Ltd.--
Plaza Wires Ltd.29-Sep-234-Oct-23
27-Sep-233-Oct-23
Updater Services Ltd.25-Sep-2327-Sep-23
JSW Infrastructure ltd.25-Sep-2327-Sep-23
22-Sep-2326-Sep-23
20-Sep-2322-Sep-23
20-Sep-2322-Sep-23
Yatra Online Ltd.15-Sep-2320-Sep-23
14-Sep-2318-Sep-23

SME IPO

Issuer CompanyOpenClose
Rajgor Castor Derivatives Ltd.17-Oct-2320-Oct-23
WomanCart Ltd.16-Oct-2318-Oct-23
12-Oct-2316-Oct-23
Committed Cargo Care Ltd.6-Oct-2310-Oct-23
29-Sep-234-Oct-23
Karnika Industries Ltd.29-Sep-234-Oct-23
Plada Infotech Services Ltd.29-Sep-234-Oct-23
29-Sep-234-Oct-23
29-Sep-234-Oct-23
Vivaa Tradecom Ltd.27-Sep-234-Oct-23

RECENT COMMENT

No comments to show.