Goyal Salt Limited IPO Details: The scheduled date for Goyal Salt Limited IPO has been confirmed. The IPO is set to enter the market on September 26th and conclude on September 29th. The company aims to gather approximately ₹18.63 crores through this IPO. This sum includes a fresh issue of ₹18.63 crores via 4902000 shares, each valued at ₹10. The retail quota 35%, while QIB is 50% and HNI is 15%. The market lot is 3000 shares.
What is Goyal Salt Limited IPO?
Goyal Salt Limited IPO is a small and medium enterprise (SME) IPO of 4,902,000 equity shares of the face value of ₹10 aggregating up to ₹18.63 Crores. The issue is priced at ₹36 to ₹38 per share. The minimum order quantity is 3000 shares.
Goyal Salt Limited is a salt manufacturing company based in Rajasthan, India. The company has been in operation for over 30 years and is one of the leading salt manufacturers in the country. The company’s products are used in a variety of industries, including food processing, pharmaceuticals, and agriculture.
The IPO proceeds will be used to finance the company’s expansion plans, including the construction of a new salt manufacturing plant and the purchase of new machinery. The company also plans to use the proceeds to repay some of its outstanding debt.
The Goyal Salt Limited IPO is expected to open for subscription on September 26, 2023 and close on September 29, 2023. The shares are proposed to be listed on the NSE SME exchange.
Objectives of Goyal Salt IPO
The objectives of the Goyal Salt IPO are as follows:
- To finance the construction of a new salt manufacturing plant.
- To purchase new machinery.
- To repay some of the company’s outstanding debt.
- For general corporate purposes.
The company’s expansion plans will help it to increase its production capacity and meet the growing demand for salt in the country. Repaying its debt will help the company to improve its financial health.
Goyal Salt IPO Date & Price Band Details
| IPO Open: | September 26, 2023 |
| IPO Close: | September 29, 2023 |
| IPO Size: | Approx ₹18.63 Crores, 4,902,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹36 to ₹38 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Goyal Salt IPO Market Lot
The Goyal Salt IPO minimum market lot is 3000 shares with a ₹114,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 3000 | ₹114,000 |
| Retail Maximum | 1 | 3000 | ₹114,000 |
| S-HNI Minimum | 2 | 6000 | ₹228,000 |
Goyal Salt IPO Dates
The Goyal Salt IPO date is September 22 and the IPO close date is September 26. The IPO allotment date is September 30 and the IPO might list on September 5.
| IPO Open Date: | September 26, 2023 |
| IPO Close Date: | September 29, 2023 |
| Basis of Allotment: | October 5, 2023 |
| Refunds: | October 6, 2023 |
| Credit to Demat Account: | October 9, 2023 |
| IPO Listing Date: | October 10, 2023 |
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Goyal Salt IPO Subscription Status
For the latest update on the Goyal Salt IPO, you can check this dedicated page for IPO subscription status.
Goyal Salt IPO Allotment Status
For the latest update on the Goyal Salt IPO, you can check this dedicated page for IPO allotment status.
Goyal Salt IPO Forms
For IPO form for the Goyal Salt IPO, you can check this dedicated page for IPO Forms.
Goyal Salt Company Financials
Goyal Salt Limited has a strong financial track record. The company’s revenue has grown steadily over the past few years, and its profitability has also improved.
Financial Highlights (FY 2021-22)
- Revenue: ₹10.20 crores
- Profit after tax: ₹2.35 crores
- Net margin: 23.00%
The company’s financial performance is supported by its strong brand reputation and its dominant position in the salt market in Rajasthan. The company also benefits from its low-cost production base.
Debt Profile
Goyal Salt Limited has a relatively low debt burden. The company’s debt-to-equity ratio is currently at 0.35. This means that the company has a strong financial cushion to absorb any unforeseen shocks.
Investment Highlights
Goyal Salt Limited is a well-established salt manufacturing company with a strong financial track record. The company is well-positioned to benefit from the growing demand for salt in the country. The IPO proceeds will be used to finance the company’s expansion plans, which will help it to increase its production capacity and meet the growing demand.
However, investors should carefully consider the risks involved before investing in the Goyal Salt IPO. The company is facing increasing competition from established players in the industry. The company’s financial performance is also sensitive to the overall economic conditions.
Goyal Salt IPO Pros & Cons
Pros:
- Strong financial track record with steady revenue growth and improved profitability.
- Dominant position in the salt market in Rajasthan.
- Low-cost production base.
- IPO proceeds will be used to finance expansion plans, which will help the company to increase its production capacity and meet the growing demand.
Cons:
- Facing increasing competition from established players in the industry.
- Financial performance sensitive to the overall economic conditions.
Overall, Goyal Salt Limited is a well-established salt manufacturing company with a strong financial track record. The company is well-positioned to benefit from the growing demand for salt in the country. However, investors should carefully consider the risks involved before investing in the Goyal Salt IPO, such as the increasing competition and the sensitivity of the company’s financial performance to the overall economic conditions.
| Feature | Pros | Cons |
|---|---|---|
| Industry | Growing | Facing increasing competition from established players in the industry |
| Financials | Strong track record with steady revenue growth and improved profitability | Financial performance sensitive to the overall economic conditions |
| Valuation | Reasonable | |
| Use of proceeds | Expansion plans to increase production capacity and meet the growing demand |
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
- Lokesh Goyal HUF
Goyal Salt IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Company Address
Goyal Salt Limited
Plot No. 229-230, Guru Jambeshwar Nagar,
Lane No. 7 Gandhi Path, Vaishali Nagar,
Jaipur – 302021
Phone: +91 – 9116544418
Email: cs@goyalsalt.in
Website: https://goyalsaltltd.com/
Goyal Salt IPO FAQs
Goyal Salt Limited IPO Details: The scheduled date for Goyal Salt Limited IPO has been confirmed. The IPO is set to enter the market on September 26th and conclude on September 29th.
The IPO will open on 26th September 2023.
The retail quota 35%, while QIB is 50% and HNI is 15%. The market lot is 3000 shares.
To apply for the Goyal Salt Limited IPO, you can either use the ASBA (Application Supported by Blocked Amount) facility provided by your bank or use the UPI (Unified Payments Interface) facility provided by your broker.
To apply using ASBA:
Log in to your net banking account.
Go to the IPO section.
Select the Goyal Salt Limited IPO.
Enter the number of shares you want to apply for and the price you are willing to pay.
Enter your bank account details and PAN number.
Review and submit your application.
To apply using UPI:
Log in to your broker’s website or mobile app.
Go to the IPO section.
Select the Goyal Salt Limited IPO.
Enter the number of shares you want to apply for and the price you are willing to pay.
Enter your UPI ID.
Review and submit your application.
Note:
You must have a demat account to apply for the IPO.
You can only apply for the IPO during the subscription period.
You can only apply for the IPO once.
If you are applying for the IPO using ASBA, your bank will block the funds in your account until the allotment of shares. If you are allotted shares, the funds will be debited from your account. If you are not allotted shares, the funds will be unblocked.
If you are applying for the IPO using UPI, the funds will be debited from your account only if you are allotted shares.
Goyal Salt IPO size is ₹18.63 crores.
The price band for Goyal IPO is ₹36 – ₹38.
The minimum bid is 3000 Shares with ₹1,14,000 amount while the maximum bid is 3000 shares with ₹1,14,000.
Goyal Salt IPO allotment date is 05 October 2023.
