Goyal Salt is primarily 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. The company 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. Their refining process does not involve any adulteration from chemicals and harmful substances. They have well well-equipped refinery at Nawa City, adjacent to the famous Sambhar Lake. In addition to the refinery, they also have lease rights to harvest raw salt over 18.66 Hectare of land issued by the Government of Rajasthan in the vicinity of salt producing area of Nawa City in Rajasthan. Their refinery complex area is situated in Nawa City having a total area of 1.45 Hectares of land and has dedicated space for the refining of salts, storage of raw salts procured from sub-soil brine, and packaging of refined salts. They have a team of well-qualified and dedicated technical manpower for quality control, production, efficiency, maintenance, research and maintenance, finance, and accounting.
The raw material required to process refined salt is raw salt itself. The Company sources its raw material mainly from open market purchases which is around 75% of the total requirement of raw salt required by them for all their products which are Refined Free Flow Iodized Salt, Refined Free Flow Industrial Salt, Double Fortified Salt and Refined Half Dry Salt. In addition to the open market purchases, they source raw material from their promoters-controlled entities and own harvesting of raw salts on the salt lands owned by their Company which supply around 23% and 2% respectively of the total requirement of the raw material required by them.
Goyal Salt has an integrated production facility for its raw salt, industrial salt, and edible salt, at Nawa city which is located on the edge of Sambhar Lake. Their experience of more than a decade has enabled them to build an effective business model that gives them control over the processes from raw material procurement, refining, and marketing to sales through their network. Their business model allows them to monitor and control the quality of products on the supply side and provides them the ability to respond quickly to their customers’ needs and preferences on the demand side. The company adheres to the industry’s best-quality product accreditation.
Objects of the Issue:
- Capital Expenditure for Quality Enhancement.
- Brand Creation and Marketing Expenses.
- Funding the working capital requirements of the company
- General Corporate Purposes.
Goyal Salt IPO Review
- May Apply
Goyal Salt IPO Date & Price Band Details
|IPO Open:||September 26, 2023|
|IPO Close:||October 3, 2023|
|IPO Size:||Approx ₹18.63 Crores, 4,902,000 Equity Shares|
|Face Value:||₹10 Per Equity Share|
|IPO Price Band:||₹36 to ₹38 Per Equity Share|
|IPO Listing on:||NSE SME|
|Retail Quota:||35% of the net offer|
|QIB Quota:||50% of the net offer|
|NII Quota:||15% of the net offer|
|DRHP Draft Prospectus:||Click Here|
|RHP Draft Prospectus:||Click Here|
|Anchor Investors in IPO:||Click Here|
Goyal Salt IPO Market Lot
The Goyal Salt IPO minimum market lot is 3000 shares with a ₹114,000 application amount.
Goyal Salt IPO Dates
The Goyal Salt IPO date is September 22 and the IPO close date is October 3. The IPO allotment date is October 5 and the IPO might list on October 10.
|IPO Open Date:||September 26, 2023|
|IPO Close Date:||October 3, 2023|
|Basis of Allotment:||October 5, 2023|
|Refunds:||October 6, 2023|
|Credit to Demat Account:||October 9, 2023|
|IPO Listing Date:||October 10, 2023|
Goyal Salt IPO Form
How to apply Goyal Salt IPO? You can apply Goyal Salt IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Goyal Salt IPO in the Invest section. The other option you can apply Goyal Salt IPO via IPO forms download via the NSE website. Check out the Goyal Salt forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
Goyal Salt Company Financial Report
|₹ in Crores|
Goyal Salt IPO Valuation – FY2023
Check Goyal Salt IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
|Earning Per Share (EPS):||₹2.72 per Equity Share|
|Price/Earning P/E Ratio:||NA|
|Return on Net Worth (RoNW):||21.86%|
|Net Asset Value (NAV):||₹14.94 per Equity Share|
- Saboo Sodium Chloro 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
- Lokesh Goyal HUF
Goyal Salt IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Goyal Salt IPO Allotment Status
Check Goyal Salt IPO allotment status on Bigshare website URL. Click Here
Goyal Salt IPO Lead Managers aka Merchant Bankers
- Holani Consultants Private Limited
Goyal Salt Limited
Plot No. 229-230, Guru Jambeshwar Nagar,
Lane No. 7 Gandhi Path, Vaishali Nagar,
Jaipur – 302021
Phone: +91 – 9116544418
Email: [email protected]