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