Goyal Salt Limited

Company Profile
Company Name Goyal Salt Limited
Open Date 26-09-2023
Close Date 29-09-2023
Exchange NSE SME
Lot Size 3000 shares
Issue Price ₹36 to ₹38 per share
Issue Size 49,02,000 Equity Shares
Application Amount ₹ 1,14,000
Recommendation Apply
Goyal Salt Limited was originally incorporated in the year 2010 and has its registered office in Rajasthan. The Company is primarily engaged in the business of refining of raw salts procured from sub soil brine in the state of Rajasthan. The company has an integrated production facility for the raw salt, industrial salt, and edible salt, at Nawa city. The Company has supplied its products to various welfare schemes started by the Government. As of 20th June 2023, the Company has 262 employees and 52 temporary employees on its payroll
(Read more on the review)

Summary of Financials (All financials in Lakh)

For the Period Ended Mar-21 Mar-22 Mar-23
Total Assets 2,745.85 2,733.41 3,000.94
Net Assets 1,121.57 1,169.12 1,618.11
Total Borrowings 1,297.36 1,059.80 920.11
Total Revenue 6,012.96 6,615.00 11,770.68
Profit After Tax 68.15 62.75 353.74

Tentative Timeline

Opening Date 26-09-2023
Closing Date 29-09-2023
Basis of Allotment 05-10-2023
Initiation of Refunds 06-10-2023
Credit of Shares to Demat 09-10-2023
Listing Date 10-10-2023

Objects of the Issue

Capital Expenditure for Quality Enhancement
Brand Creation and Marketing Expenses
Working Capital Requirements
General Corporate Purpose.

Contact Information

Registered Office Goyal Salt Limited 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/

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200
Email ipo@bigshareonline.com
Website https://ipo.bigshareonline.com/ipo_status.html

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

Shareholding Pattern

Share Holding Pre Issue (Promoters) 100.00%
Share Holding Post Issue (Promoters) 72.61%

Contact Us to Enable Your Success!