Goyal Salt Ltd

FMCG

Offer Period :

26th to 10th Oct 2023

Established in 2010, Goyal Salt Limited, based in Rajasthan, refines raw salts for industrial and edible purposes. Offering a range of high-quality products, including iodized and industrial salt, Read more... the company sources raw materials from open markets, promoters' entities, and salt land harvesting. With a refinery in Nawa City, it recorded Rs. 6,005.30 lakhs in Fiscal 2022-23.Read less

Goyal Salt Ltd IPO Details

IPO Date 26th to 10th Oct 2023 Minimum Investment ₹114000 / 1 Lots
Listing Date 2023-10-11 Maximum Investment ₹114000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹18.63 Crores
Price ₹38 to ₹38 per share Fresh Issue ₹18.63 Crores
Lot Size 1 Lots (3000 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 26th to 10th Oct 2023
Listing Date 2023-10-11
Face Value ₹10 per share
Price ₹38 to ₹38 per share
Lot Size 1 Lots (3000 Shares)
Listing At NSE-SME
Employee Discount ₹0 Crores
Minimum Investment ₹114000 / 1 Lots
Maximum Investment ₹114000 / 1 Lots
Total Issue Size ₹18.63 Crores
Fresh Issue ₹18.63 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

26th Sep

IPO Starts

3rd Oct

IPO Ends

6th Oct

Allotment Date

9th Oct

Initiation of Refund

10th Oct

Credit of Shares to Demat Account

11th Oct

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 100 0
Public Group 0 100

Goyal Salt Ltd IPO Reservation

QIB Shares Offered 882000(17.99%)
NII (HNI) Shares Offered 729000(14.87%)
Retail Shares Offered 1638000(33.41%)
Anchor Investor Shares Offered 1317000(26.87%)
Total Shares Offered 4902000
Total Shares With Anchor Investor 4902000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Goyal Salt Ltd IPO Registrar

Bigshare Services Pvt Ltd
Phone Number +91 022-6263 8200
Email Id ipo@bigshareonline.com
Our Website www.bigshareonline.com

Goyal Salt Ltd IPO Lead Manager

1. Holani Consultants Pvt Ltd

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Goyal Salt Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Goyal Salt Ltd

1. Experienced management team and promoters with qualified workforce.

2. Established refining facility and integrated production with cost efficiencies.

3. Strong and consistent financial performance.

4. Focus on quality and safety.

5. Long and strong relationship with customers and dealers and efficient supply chain management.

6. Cordial relationship between management and labour.

Risks Involved

1. The company's Refining unit is located in Rajasthan and exposed to various regulatory and other geographical risks such as weather and natural occurrence as well as regulatory, economic, demographic and other changes in the state of Rajasthan or in India. In particular, excessive and non-seasonal rainfalls could deteriorate the quality and supply of the company principal raw material namely raw salt. This will adversely affect its business and financial conditions.

2. Its refining of salt process has 25.86%, 24.30% and 20.48% process loss during the year ending on March 31, 2023, 2022 and 2021. Any further increase in process loss will have severe effects on its operational costs, profit margins, and financial performance.

3. The company derives 68.47%, 60.35% and 50.84% of its revenue from top 10 customers during the fiscal ending on March 31, 2023, 2022 and 2021. If one or more of such customers choose not to source their requirement from it, the company business, financial condition and result of operation may be adversely affected.

4. The company has in the past entered into transactions with related parties and may continue to do so in the future. These or any future related party transactions may potentially involve conflicts of interest and there can be no assurance that the company could not have achieved better terms, had such arrangements been entered into with unrelated parties.

5. Insufficient water availability at its refining unit causes the increase in the company expenditure to meet the water requirements and thus reduces its profitability.

6. The Company requires significant amounts of working capital for continued growth. Its inability to meet the company working capital requirements may have an adverse effect on its results of operations. Further, failure to manage the company inventory could have an adverse effect on its sales, profitability, cash flow and liquidity.

7. The company does not have long term agreements with suppliers for its raw materials and packaging material and an increase in the cost of, or shortfall in the availability or quality of such raw materials and packaging material could have an adverse effect on its business, financial condition and result of operation.

8. The Restated Financial Statements have been provided by Peer Reviewed Chartered Accountants who is not Statutory Auditor of the Company.

9. There are pending litigations against the company and certain Directors and any adverse decision in these proceedings may render it/them liable to liabilities/penalties and may adversely affect its business, result of operations and financial conditions.

10. Any negative publicity or defect in product quality may cause the Company substantial costs which in turn could adversely affect its goodwill and the sales could be diminished.

Why should you invest in

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Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Goyal Salt Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2023-10-11 91840 GOYALSALT
INE0QFE01017
₹38 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹38 ₹38
Open ₹0 ₹130
Low ₹0 ₹123.5
High ₹0 ₹136.5
Low ₹0 ₹123.5

Frequently Asked Questions

What is Goyal Salt Ltd IPO?

Answer Field

Goyal Salt Ltd IPO is a SME IPO of 49,02,000 equity shares of a face value of ₹10 aggregating up to ₹18.63 Crores. The issue is priced at ₹38 to ₹38 per share. The minimum order quantity is 3000 Shares. The IPO opens on September 26, 2023, and closes on October 03, 2023. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Goyal Salt Ltd IPO will open?

Answer Field

The Goyal Salt Ltd IPO opens on September 26, 2023 and closes on October 03, 2023.

What is the lot size of Goyal Salt Ltd?

Answer Field

Goyal Salt Ltd lot size is 3000 shares, and the minimum amount required is ₹1,14,000.

How to apply for Goyal Salt Ltd IPO?

Answer Field

You can apply in Goyal Salt Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Goyal Salt Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Goyal Salt Ltd IPO will be done on October 06, 2023, and the allotted shares will be credited to your demat account by October 10, 2023.

When is Goyal Salt Ltd IPO listing date?

Answer Field

The Goyal Salt Ltd listing date is October 11, 2023.

Who is the registrar of Goyal Salt Ltd IPO?

Answer Field

The registrar of Goyal Salt Ltd IPO is Bigshare Services Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Holani Consultants Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Goyal Salt Ltd IPO?

Answer Field

The fresh issue size is ₹18.63 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Goyal Salt Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 3000 shares and ₹1,14,000 amount.

How can I approve the UPI mandate request for Goyal Salt Ltd IPO?

Answer Field

To apply for Goyal Salt Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Goyal Salt Ltd?

Answer Field

The price of each Goyal Salt Ltd share will be ranging in between ₹38 to ₹38 per share.

What is the cut-off time for the UPI mandate for Goyal Salt Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, October 03, 2023.

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