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SME IPO Status: Listed [26th Sep 2023 to 3rd Oct 2023]
Goyal Salt Limited is launching its IPO at NSE SME. The issue size of 4,902,000 shares worth Rs.18.63 Cr. The subscription period for this IPO is from Sept 26, 2023 to Oct 03, 2023. The face value of the shares is Rs 10 per share and the issue price band of this SME IPO is ranging from Rs 36 to Rs 38 per share and the minimum lot size is 3000 shares or its multiples.
Stay tuned for more information on Goyal Salt Limited IPO, including company overview, financials, live subscription, allotment, GMP and more.
| SME IPO Issue Opening Date: | 26th Sep 2023 |
| SME IPO Issue Closing Date: | 3rd Oct 2023 |
| SME IPO Issue Price: | ₹36.00-38.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35.00% of the Offer |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹18.63 Cr |
| Fresh Issue: | ₹18.63 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100% |
| Promoter Holding Post IPO: | |
| Allotment Status: | Allotment Status |
| NSE Code: | GOYALSALT |
Get important updates regarding Goyal Salt SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 5th Oct 2023 |
| Refunds Initiation* | 6th Oct 2023 |
| Credit of Shares to Demat* | 9th Oct 2023 |
| SME IPO Listing Date* | 11th Oct 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹36.00-38.00 |
| Market Lot: | 3000 Shares |
| 1 Lot Amount: | ₹114000 |
| Min HNI Lots: | 6000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 11-10-2023 | 38.00 | 39 | 88900 | ₹77 (102.63%) | 11-Oct-2023 10:28 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Goyal Salt Limited was established in November 2010. The company is primarily engaged in refining crude salts extracted from underground brine in the state of Rajasthan for use as industrial and food grade salts. The company refines and supplies a pure, refined and high quality range of triple refined free flow iodized salt, industrial salt, double enriched salt and triple refined semi-dry salt. The refining process does not involve adulteration by chemical and harmful substances. The company has a well-equipped refinery in Nawa City, near the famous Sambhar Lake. In addition to the refinery, the Company also has lease rights for harvesting crude salt on 18.66 hectares of land granted by the Government of Rajasthan near the Nawa City salt production area in Rajasthan.
The refinery complex is located in Nawa City on a total area of 1.45 hectares and has a dedicated space for refining salts, storage of crude salts extracted from underground brine and packaging of refined salts. The company has a team of qualified and dedicated technicians responsible for quality control, production, efficiency, maintenance, research and maintenance, finance and accounting.
Industrial salt is in great demand due to its wide range of applications in oil and gas industry, chlor-alkali industry, chemical de-icing industry, chemical industry, pigment industry, soap and detergent industry, rubber and leather industry, textile and dyeing industry, food and beverage industry and so on. It is believed that the increasing demand for industrial salt is mainly due to the increasing industrialization, as there are a variety of industrial applications. In particular, the food and beverage industry, soap and detergent industry, chlor-alkali sector of the chemical industry, chemical processing, water treatment, agriculture and dyeing industry are expected to experience increasing demand.
The company has a well-equipped refinery with state-of-the-art salt refining equipment and machinery, and a quality control laboratory with its own testing equipment to test the quality of its products. The final products are subjected to strict quality control to ensure that they have the required quality according to the established standards.
| Incorporation | Sector | IPO Issue Size | Website |
| 2010 | Salt industries | ₹18.63 Cr | https://goyalsaltltd.com/ |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 882,000 (27.15%) | 729,000 (22.44%) | 1,638,000 (50.42%) | 3,249,000 | |
| 1 | 26th Sep 2023 19:32 | 0.01x | 6.80x | 14.25x | 8.71x |
| 2 | 27th Sep 2023 19:32 | 0.08x | 26.75x | 53.95x | 33.22x |
| 3 | 28th Sep 2023 15:52 | 4.24x | 43.57x | 101.31x | 62.00x |
| 4 | 29th Sep 2023 19:31 | 9.62x | 85.80x | 184.47x | 114.87x |
| 5 | 3rd Oct 2023 19:31 | 67.20x | 382.45x | 377.97x | 294.61x |
| 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 |
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Goyal Salt Limited | 2.72 | 2.72 | 14.94 | 21.86 | ||
| Saboo Sodium Chloro Limited | 0.02 | 0.02 | 11.03 | 816.5 | 0.19 |
Last Updated on 15-Oct-2023 06:02:44
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Goyal Salt SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Goyal Salt SME IPO with Zerodha.
Alternate approch to apply in Goyal Salt SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Goyal Salt SME IPO Review and Important Updates
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To subscribe or apply in Goyal Salt SME IPO, you can use the following methods:
| Goyal Salt SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Goyal Salt SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Goyal Salt SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Goyal Salt SME IPO. Most of the Syndicate Banks provide access to apply in Goyal Salt IPO via ASBA process. You must have your net banking access, DP ID information to apply in Goyal Salt SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Goyal Salt SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Goyal Salt SME IPO Review and Important Updates
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Goyal Salt SME IPO is going to be list on 11-10-2023. NSE Code for Goyal Salt is GOYALSALT.
Other relevant questions:
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Goyal Salt SME IPO Allotment Date is 05-10-2023.
Other relevant questions:
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