The Goyal Salt Limited IPO is a book-built offering aiming to raise Rs 18.63 crores through the issuance of 49.02 lakh fresh shares.
Here are the key details:
- Subscription Period: The Goyal Salt IPO opens for subscription on September 26, 2023, and closes on September 29, 2023.
- Allotment Date: The allotment for the Goyal Salt IPO is expected to be finalized on Thursday, October 5, 2023.
- Listing Date: The shares from the Goyal Salt IPO are set to list on NSE SME, with a tentative listing date scheduled for Tuesday, October 10, 2023.
- IPO Price Band: The IPO price band for Goyal Salt is in the range of ₹36 to ₹38 per share.
- Lot Size: The minimum lot size for an application is 3000 shares.
- Minimum Investment: Retail investors are required to invest a minimum of ₹114,000 to participate in the IPO. For High Net Worth Individuals (HNIs), the minimum investment is 2 lots, equivalent to 6,000 shares, amounting to ₹228,000.
- Key Players: Holani Consultants Private Limited is the book running lead manager for the Goyal Salt IPO, while Bigshare Services Pvt Ltd serves as the registrar for the issue. Holani Consultants is the market maker for Goyal Salt IPO.
For more detailed information, investors are advised to refer to the Goyal Salt IPO Red Herring Prospectus (RHP). These details provide valuable insights for investors considering participation in the Goyal Salt IPO.
Goyal Salt IPO Details #
| IPO Date | September 26, 2023 to September 29, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹36 to ₹38 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 4,902,000 shares (aggregating up to ₹18.63 Cr) |
| Fresh Issue | 4,902,000 shares (aggregating up to ₹18.63 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 12,998,250 |
| Share holding post issue | 17,900,250 |
| Market Maker portion | 246,000 shares Holani Consultants |
Goyal Salt IPO Reservation #
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
Goyal Salt IPO Anchor Investors Details #
Goyal Salt IPO raises Rs 5.00 crore from anchor investors. Goyal Salt IPO Anchor bid date is September 25, 2023.
| Bid Date | September 25, 2023 |
| Shares Offered | 1317000 |
| Anchor Portion Size (In Cr.) | 5.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 20, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | February 14, 2024 |
Goyal Salt IPO Timeline (Tentative Schedule) #
Goyal Salt IPO opens on September 26, 2023, and closes on September 29, 2023.
| IPO Open Date | Tuesday, September 26, 2023 |
| IPO Close 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 |
Goyal Salt IPO Lot Size #
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹114,000 |
| Retail (Max) | 1 | 3000 | ₹114,000 |
| HNI (Min) | 2 | 6,000 | ₹228,000 |
| Lot Size Calculator | |||
Goyal Salt IPO Promoter Holding #
Mr. Rajesh Goyal, Mr. Pramesh Goyal, Mr. Lokesh Goyal, Ms. Radhika Goyal, Ms. Priyanka Goyal, Ms. Rekha Goyal, Kunj Bihari Goyal HUF, Rajesh Goyal HUF, Parmesh Goyal HUF, and Lokesh Goyal HUF are the company’s promoters.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue |
About Goyal Salt IPO #
Incorporated in 2010, Goyal Salt Limited is engaged in the business of refining raw salts procured from sub-soil brine in the state of Rajasthan for use as industrial salts and edible salts.
Goyal Salt Limited refines and supplies a 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 product list 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.
Company Financials #
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 2,745.93 | 2,733.41 | 3,000.94 |
| Revenue | 6,012.96 | 6,615.00 | 11,770.68 |
| Profit After Tax | 68.15 | 62.75 | 353.74 |
| Net Worth | 1,121.57 | 1,169.12 | 1,618.11 |
| Reserves and Surplus | 921.99 | 969.54 | 534.92 |
| Total Borrowing | 1,297.36 | 1,059.80 | 920.11 |
Key Performance Indicator #
| KPI | Values |
|---|---|
| P/E (x) | 13.97 |
| ROE | 25.38% |
| ROCE | 36.22% |
| Debt/Equity | 0.57 |
| EPS (Rs) | 2.72 |
| RoNW | 21.86% |
Objects of the Issue (Goyal Salt IPO Objectives) #
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Capital Expenditure for Quality Enhancement;
- Brand Creation and Marketing Expenses;
- Funding the working capital requirements of the company; and
- General corporate purposes.
Goyal Salt IPO Prospectus #
Goyal Salt IPO Contact Details #
Plot No. 229-230, Guru Jambeshwar Nagar,
Lane No. 7 Gandhi Path, Vaishali Nagar,
Jaipur – 302021
Phone: +91 – 9116544418
Email: cs@goyalsalt.in
Website: https://goyalsaltltd.com/
Goyal Salt IPO Registrar #
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
FAQs
What is the total issue size of the Goyal Salt IPO? #
The Goyal Salt IPO aims to raise ₹18.63 crores through the issuance of 49.02 lakh fresh shares.
When does the Goyal Salt IPO subscription period start and end? #
The subscription period for the Goyal Salt IPO begins on September 26, 2023, and closes on September 29, 2023.
When will the allotment for the Goyal Salt IPO be finalized? #
The allotment for the Goyal Salt IPO is expected to be finalized on Thursday, October 5, 2023.
When is the listing date for shares from the Goyal Salt IPO? #
The shares from the Goyal Salt IPO are tentatively scheduled to list on NSE SME on Tuesday, October 10, 2023.
What is the IPO price band for Goyal Salt shares? #
The IPO price band for Goyal Salt is in the range of ₹36 to ₹38 per share.
What is the minimum lot size for an application in the Goyal Salt IPO? #
The minimum lot size for an application in the Goyal Salt IPO is 3000 shares.
Who are the key players involved in the Goyal Salt IPO? #
Holani Consultants Private Limited is the book running lead manager for the Goyal Salt IPO, while Bigshare Services Pvt Ltd serves as the registrar for the issue. Holani Consultants is the market maker for the Goyal Salt IPO.
Who are the promoters of Goyal Salt Limited? #
Mr. Rajesh Goyal, Mr. Pramesh Goyal, Mr. Lokesh Goyal, Ms. Radhika Goyal, Ms. Priyanka Goyal, Ms. Rekha Goyal, Kunj Bihari Goyal HUF, Rajesh Goyal HUF, Parmesh Goyal HUF, and Lokesh Goyal HUF are the promoters of the company.
What are the key financial indicators of Goyal Salt Limited as of March 31, 2023? #
Price/Earnings (P/E) Ratio: 13.97
Return on Equity (ROE): 25.38%
Return on Capital Employed (ROCE): 36.22%
Debt/Equity Ratio: 0.57
Earnings Per Share (EPS): ₹2.72
Return on Net Worth (RoNW): 21.86%
What are the objectives of the Goyal Salt IPO? #
The objectives of the Goyal Salt IPO are:
Capital Expenditure for Quality Enhancement.
Brand Creation and Marketing Expenses.
Funding the working capital requirements of the company.
General corporate purposes.
Please note that the information provided in the FAQs is based on the data available. For the latest updates and detailed information, please refer to the official sources and the prospectus.
