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Goyal Salt Limited SME IPO
Issue Size (Net)
up to Rs.18.63 Cr
Price Band
Rs.36 to Rs.38 per share
Issue Opens
26 Sep 2023
Issue Closes
29 Sep 2023

Company Highlights

1.Company Information

includes Refined free-flow iodized Salt, Refined Free Flow Industrial Salt, Double Fortified Salt, and Refined Half Dry Salt. The company sources raw materials mainly from open market purchases which is around 75% of the total requirement of raw salt, as well as from its promoters-controlled entities and salt land harvesting owned by them, which supply around 23% and 2% respectively of the total requirement of the raw material. The company also produces and supplies industrial salt for soap and detergent industries, textile and dyeing industries, industries producing glass, polyester, plastics, rubber, and leather, and chemical industries. The company's refinery is located in Nawa City, adjacent to Sambhar Lake, spread across 1.45 Hectares of land. The company also has lease rights to harvest raw salt over 18.66 Hectares of land issued by the Government of Rajasthan in the vicinity of the salt-producing area of Nawa City in Rajasthan. Goyal Salt recorded Rs. 6,005.30 lakhs in Fiscal 2022-23.

2. Objective 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.

3.Goyal Salt IPO Registrar
Bigshare Services Pvt Ltd

Phone:+91-22-6263 8200

Email: ipo@bigshareonline.com

Website: Website:https://ipo.bigshareonline.com/ipo_status.html

Goyal Salt IPO Financial Information (Restated Standalone)

Period Ended
Total Assets
Total Revenue
Profit After Tax
Net Worth
Reserves and Surplus
Total Borrowing
31-Mar-21
2745.93
6012.96
68.15
1121.57
921.99
1297.36
31-Mar-22
2733.41
6615
62.75
1169.12
969.54
1059.8
31-Mar-23
3000.94
11770.68
353.74
1618.11
534.92
920.11
Amount in ₹ Lakhs

Goyal Salt IPO Details

Issue Opening Date
Sep 26, 2023
Issue Closing Date
Sep 29, 2023
Face Value
Rs.10 per share
Price
Rs.36 to Rs.38 per share
Lot Size
3000 Shares
Issue Size
4,902,000 shares (aggregating up to Rs.18.63 Cr)
Fresh Issue
4,902,000 shares (aggregating up to Rs.18.63 Cr)
Issue Type
Book Built Issue IPO
Listing At
NSE SME
Share holding pre issue
12998250
Share holding post issue
17900250
Market Maker portion
Holani Consultants

Goyal Salt IPO Timeline (Tentative Schedule)

Event
Tentative Date
Opening Date
Tuesday, September 26, 2023
Closing Date
Friday, September 29, 2023
Basis of Allotment
Thursday, October 5, 2023
Initiation of Refunds
Friday, October 6, 2023
Credit of Shares to Demat
Monday, October 9, 2023
Listing Date
Tuesday, October 10, 2023
Cut-off time for UPI mandate confirmation
5 PM on September 29, 2023

Prospectus

Prospectus File

RR Investors Capital Services Pvt. Ltd AMFI-registered Mutual Fund Distributor

ARN-0032 Validity 14-Mar-2027

Head Office - 4th floor, Indraprakash Building 21, Barakhamba Road, New Delhi – 110001

callLandline Number
+91 11-4444-1111

Customer Care
+91 9350316010

Security
  • SSL
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