Goyal Salt IPO GMP, Review, Price, Allotment

Goyal Salt IPO GMP

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.

Goyal Salt

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)

Goyal Salt IPO Details

Goyal Salt IPO Dates26 Sep – 3 Oct 2023
Goyal Salt IPO PriceINR 36 – 38 per share
Fresh issue49,02,000 shares
INR 17.65 – 18.63 crore
Offer For SaleNIL
Total IPO size49,02,000 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 Allocation35%
Listing OnNSE SME

Goyal Salt Financial Performance

 FY 2021FY 2022FY 2023
Net income0.680.633.54
Figures in INR Crores unless specified otherwise

Goyal Salt Offer News

Goyal Salt Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio13.24 – 13.97
RONW (%)6.085.3721.86
ROCE (%)16.4415.7836.22
EBITDA (%)4.824.515.78
Debt/Equity 1.160.910.57
*Compiled by IPO Central from Prospectus

Goyal Salt IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
10 October 20232550,000
9 October 20232550,000
7 October 20232854,000
6 October 20232550,000
5 October 20232548,500
4 October 20232145,000
3 October 20231838,000
2 October 20232038,000
30 September 20232035,000
29 September 20233545,000
28 September 20231535,000
27 September 20231535,000
26 September 20231535,000
25 September 20231838,000
23 September 20231528,000
22 September 20231525,000
21 September 20231525,000

Goyal Salt IPO Subscription – Live Updates

Shares Offered882,000975,0001,638,00090,0003,585,000
3 Oct 202367.20286.21377.9719.53267.56
29 Sep 20239.6264.23182.9610.93103.71
28 Sep 20234.2739.83109.767.0762.21
27 Sep 20230.0820.2153.062.6729.83
26 Sep 20230.015.0613.810.807.71

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 Date26 September 2023
IPO Closing Date3 October 2023
Finalization of Basis of Allotment5 October 2023
Initiation of refunds6 October 2023
Transfer of shares to demat accounts9 October 2023
IPO Listing Date11 October 2023
Opening Price on NSE SMEINR 130 per share (up 242.11%)
Closing Price on NSE SMEINR 136.10 per share (up 258.16%)

Goyal Salt Offer Lead Manager

401 – 405 & 416 – 418, 4th Floor, Soni Paris Point,
Jai Singh Highway, Bani Park, Jaipur – 302016
Phone: +91 0141 – 2203996
Email[email protected]
Website: www.holaniconsultants.co.in

Goyal Salt Offer Registrar

S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email:  [email protected]
Website: www.bigshareonline.com

Goyal Salt Contact Details

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


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.


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