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Open
26 Sep to 3 Oct, 2023
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Close
26 Sep to 3 Oct, 2023
3
Allotment
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Listing
Wed, Oct 11, 2023
Price Band
₹36 to ₹38
Issue Size
49,02,000 shares (agg. up to ₹19 Cr)
Lot Size
3,000 Shares
Listing Date
Wed, Oct 11, 2023
Latest GMP
₹39
Est. Gain
102.63%
✦ AI Insight
GMP Trend
11-10-2023₹39Est. ₹77+102.63%
10-10-2023₹39Est. ₹77+102.63%
09-10-2023₹42Est. ₹80+110.53%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 202.49x |
Restated Financials (₹ Cr.)
| 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 |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Madhusudan Masala Ltd. | SME | ₹23.80 Cr | ₹70 | 10.08 | ₹114.00 | +62.86% | ₹241.10 (+1.09%) |
| Srivari Spices & Foods Ltd. | SME | ₹9.00 Cr | ₹42 | 9.59 | ₹106.55 | +153.69% | ₹282.70 (+4.34%) |
| Proventus Agrocom Ltd. | SME | ₹69.54 Cr | ₹771 | 186.23 | ₹862.05 | +11.81% | ₹1,698.80 (+4.22%) |
Objects of the Issue
| # | 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 |
About Goyal Salt IPO
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 right
Contact Details
Goyal Salt Ltd. AddressPlot No.229-230, Guru Jambeshwar NagarLane No.7 Gandhi PathVaishali NagarJaipur, Rajasthan, 302021+91 - 9116544418cs@goyalsalt.inVisit Website