Last updated on October 11, 2023
Goyal Salt IPO description – Incorporated in 2010, Goyal Salt (GSL) is primarily engaged in the business of refining of raw salts procured from sub soil brine in the state of Rajasthan for useable as industrial salts and edible salts. The company refines and supplies pure, refined and quality range of triple refined free flow iodized salt, industrial salt, double fortified salt and triple refined half dry salt.
The company’s refinery is strategically located in Nawa City, close to the famous Sambhar Lake. GSL also possess government-approved lease rights for raw salt extraction in Rajasthan and have a dedicated complex for refining, storing, and packaging their products.
Goyal Salt has a healthy track record of revenue growth and profitability, as evidenced by the growth in the revenue from operations from INR 6005.30 lakhs in 2020-21 to INR 11764.19 lakhs in 2022-23. It has demonstrated strong financial performance and the revenues has grown at a CAGR of 39.91% from INR 60.13 crore in FY 2020-21 to INR 117.71 crore in FY 2022-23. The profit after tax has grown at a CAGR of 127.83 % from INR 0.68 crore in FY 2020- 21 to INR 3.54 crore in FY 2022-23.
Promoters of Goyal Salt – Rajesh Goyal, Pramesh Goyal, Lokesh Goyal, Radhika Goyal, Priyanka Goyal, Rekha Goyal, Kunj Bihari Goyal (HUF), Rajesh Goyal (HUF), Parmesh Goyal (HUF), and Lokesh Goyal (HUF)
Table of Contents
Goyal Salt IPO Details
| Goyal Salt IPO Dates | 26 Sep – 3 Oct 2023 |
| Goyal Salt IPO Price | INR 36 – 38 per share |
| Fresh issue | 49,02,000 shares INR 17.65 – 18.63 crore |
| Offer For Sale | NIL |
| Total IPO size | 49,02,000 shares INR 17.65 – 18.63 crore |
| Minimum bid (lot size) | 3,000 shares INR 1,14,000 |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE SME |
Goyal Salt Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 |
| Revenue | 60.05 | 66.11 | 117.64 |
| Expenses | 59.20 | 65.07 | 112.86 |
| Net income | 0.68 | 0.63 | 3.54 |
Goyal Salt Offer News
- Goyal Salt RHP
- Goyal Salt Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Goyal Salt Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.52 | 0.48 | 2.72 |
| PE ratio | – | – | 13.24 – 13.97 |
| RONW (%) | 6.08 | 5.37 | 21.86 |
| NAV | 10.35 | 10.79 | 14.94 |
| ROCE (%) | 16.44 | 15.78 | 36.22 |
| EBITDA (%) | 4.82 | 4.51 | 5.78 |
| Debt/Equity | 1.16 | 0.91 | 0.57 |
Goyal Salt IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 10 October 2023 | 25 | – | 50,000 |
| 9 October 2023 | 25 | – | 50,000 |
| 7 October 2023 | 28 | – | 54,000 |
| 6 October 2023 | 25 | – | 50,000 |
| 5 October 2023 | 25 | – | 48,500 |
| 4 October 2023 | 21 | – | 45,000 |
| 3 October 2023 | 18 | – | 38,000 |
| 2 October 2023 | 20 | – | 38,000 |
| 30 September 2023 | 20 | – | 35,000 |
| 29 September 2023 | 35 | – | 45,000 |
| 28 September 2023 | 15 | – | 35,000 |
| 27 September 2023 | 15 | – | 35,000 |
| 26 September 2023 | 15 | – | 35,000 |
| 25 September 2023 | 18 | – | 38,000 |
| 23 September 2023 | 15 | – | 28,000 |
| 22 September 2023 | 15 | – | 25,000 |
| 21 September 2023 | 15 | – | 25,000 |
Goyal Salt IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| Shares Offered | 882,000 | 975,000 | 1,638,000 | 90,000 | 3,585,000 |
| 3 Oct 2023 | 67.20 | 286.21 | 377.97 | 19.53 | 267.56 |
| 29 Sep 2023 | 9.62 | 64.23 | 182.96 | 10.93 | 103.71 |
| 28 Sep 2023 | 4.27 | 39.83 | 109.76 | 7.07 | 62.21 |
| 27 Sep 2023 | 0.08 | 20.21 | 53.06 | 2.67 | 29.83 |
| 26 Sep 2023 | 0.01 | 5.06 | 13.81 | 0.80 | 7.71 |
Goyal Salt IPO Allotment Status
Goyal Salt IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Goyal Salt IPO Dates & Listing Performance
| IPO Opening Date | 26 September 2023 |
| IPO Closing Date | 3 October 2023 |
| Finalization of Basis of Allotment | 5 October 2023 |
| Initiation of refunds | 6 October 2023 |
| Transfer of shares to demat accounts | 9 October 2023 |
| IPO Listing Date | 11 October 2023 |
| Opening Price on NSE SME | INR 130 per share (up 242.11%) |
| Closing Price on NSE SME | INR 136.10 per share (up 258.16%) |
Goyal Salt Offer Lead Manager
HOLANI CONSULTANTS PRIVATE LIMITED
401 – 405 & 416 – 418, 4th Floor, Soni Paris Point,
Jai Singh Highway, Bani Park, Jaipur – 302016
Phone: +91 0141 – 2203996
Email:Â [email protected]
Website:Â www.holaniconsultants.co.in
Goyal Salt Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone:Â +91 22 6263 8200
Email:Â Â [email protected]
Website:Â www.bigshareonline.com
Goyal Salt Contact Details
GOYAL SALT LIMITED
Plot No. 229-230, Guru Jambeshwar Nagar, Lane No. 7,
Gandhi Path, Vaishali Nagar, Jaipur 302021, Rajasthan, India
Phone: +91 – 9116544418
E-mail: [email protected]
Website: www.goyalsaltltd.com
IPO FAQs
What is Goyal Salt IPO offer size?
Goyal Salt offer size is INR INR 17.65 – 18.63 crores.
What is the Goyal Salt offer price band?
Goyal Salt public offer price is INR 36 – 38 per share.
What is the lot size of Goyal Salt public offer?
Goyal Salt offer lot size is 3,000 shares.
What is Goyal Salt IPO GMP today?
Goyal Salt IPO GMP today is INR 25 per share.
What is the Goyal Salt kostak rate today?
Goyal Salt kostak rate today is INR NA per application.
What is Goyal Salt Subject to Sauda rate today?
Goyal Salt Subject to Sauda rate today is INR 50,000 per application.
