Goyal Salt IPO Date, Review, Price, Allotment Details

Goyal Salt IPO Details: Goyal Salt IPO date is fixed, The IPO will open on September 26 and will close on October 3. Goyal Salt is an NSE SME IPO to raise ₹18.63 crores via IPO. The Goyal Salt IPO price band is fixed at ₹36 to ₹38 with a market lot of 3000 shares.

Goyal Salt IPO

Table of Contents

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.

ApplicationLot SizeSharesAmount
Retail Minimum13000₹114,000
Retail Maximum13000₹114,000
S-HNI Minimum26000₹228,000

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 11.

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 11, 2023

You can check IPO subscription status and IPO allotment status on their respective pages.

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
YearRevenueExpensePAT
2021₹60.13₹59.20₹0.68
2022₹66.15₹65.07₹0.63
2023₹117.71₹112.86₹3.54

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

Peer Group

  • Saboo Sodium Chloro Limited

Company Promoters

  • 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]
Website: http://www.bigshareonline.com

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

Company Address

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]
Website: https://goyalsaltltd.com/

Goyal Salt IPO FAQs


What is Goyal Salt IPO?

Goyal Salt IPO is an NSE SME IPO. They are going to raise ₹18.63 Crores via IPO. The issue is priced at ₹36 to ₹38 per equity share. The IPO is to be listed on NSE.

When Goyal Salt IPO will open?

The IPO is to open on September 26, 2023 for QIB, NII, and Retail Investors.

What is Goyal Salt IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Goyal Salt IPO?

You can apply Goyal Salt IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Goyal Salt IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Goyal Salt”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Goyal Salt IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Goyal Salt”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Goyal Salt IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Goyal Salt”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Goyal Salt IPO Size?

Goyal Salt IPO size is ₹18.63 crores.

What is Goyal Salt IPO Price Band?

Goyal Salt IPO Price Band is ₹36 to ₹38 per equity share.

What is Goyal Salt IPO Minimum and Maximum Lot Size?

The IPO bid is 3000 shares with ₹114,000.

What is Goyal Salt IPO Allotment Date?

Goyal Salt IPO allotment date is October 5, 2023.

What is Goyal Salt IPO Listing Date?

Goyal Salt IPO listing date is October 11, 2023. The IPO to list on NSE SME.

Note: The Goyal Salt IPO details are announced officially. The IPO grey market premium (Goyal Salt IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.)

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