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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹18.63 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹18.63 Cr |
| Fresh Issue | ₹17.69 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹36.00-38.00 per share |
| Discount | Retail: 0.00,Employee: 0.00 |
| NSE Code | GOYALSALT |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | Holani Consultants Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 3,000 shares and in multiples thereof
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditure for Quality Enhancement; | 1.13 |
| 2 | Brand Creation and Marketing Expenses | 1.06 |
| 3 | Funding the working capital requirements of our Company | 10.67 |
| 4 | General corporate purposes | 3.70 |
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 30.01 | 27.33 | 27.46 |
| Total Income | 117.71 | 66.15 | 60.13 |
| Profit After Tax | 3.54 | 0.63 | 0.68 |
| NET Worth | 16.18 | 11.69 | 11.22 |
| Reserves and Surplus | 5.35 | 9.70 | 9.22 |
| Total Borrowing | 9.20 | 10.60 | 12.97 |
| Amount in ₹ Crore | |||
| KPI | |
|---|---|
| ROE | 25.38% |
| ROCE | 36.22% |
| Debt / Equity | 0.57% |
| RoNW | 21.86% |
| PAT Margin | 3.01% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 2.72 | |
| P/E (x) | 13.97 | 19.19 |
| Promoter Holding | 100% | |
| Market Cap | ₹68.02 Cr. | |
