Goyal Salt Limited

About the company

## **About the Goyal Salt Limited IPO :** Incorporated in 2010, Goyal Salt Limited specialises in refining raw salt sourced from subsoil brine in Rajasthan for both industrial and edible purposes. Their product range includes triple-refined iodized salt, industrial salt, double-fortified salt, and triple-refined half-dry salt, all of which undergo a chemical and adulteration-free refining process. Their well-equipped refinery, located near Sambhar Lake in Nawa City, Rajasthan, has dedicated areas for salt refining, raw salt storage, and packaging. They have a qualified and dedicated team responsible for quality control, production, efficiency, maintenance, research, finance, and accounting. Raw salt, the primary raw material, is sourced mainly from open market purchases (75%), with additional supplies coming from the promoters' entities (23%) and the company's own salt land (2%). The company produces and supplies refined iodized salt and double-fortified salt, offering various packaging options for both home and industrial use. Industrial salt serves various industries, including soap, detergent, textile, dyeing, glass, polyester, plastics, rubber, leather, and chemicals. It is used for cleaning oil and gas wells, paper production, tire manufacturing, and other applications. The pharmaceutical industry relies on it for saline solutions and capsules, while the pigment industry uses it as a filler and grinding agent. Salt also has applications in animal feeding, water softening and treatment, and pool maintenance, making it a versatile mineral with broad industrial and consumer uses. Now, Goyal Salt Limited is coming out with its initial public offer (IPO). The Company proposes to utilise the Net Proceeds of the Fresh Issue towards funding the following objects: • Capital Expenditure for Quality Enhancement; • Brand Creation and Marketing Expenses; • Funding the working capital requirements of our Company; and • General corporate purposes ## **Here are key details about the Goyal Salt Limited IPO :** Company Name|Goyal Salt Limited|  | Company Type| Private ---|---|---|---|--- IPO Type|SME|

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   26 Sept 2023

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   03 Oct 2023

   Last day to place your bid

3. Basis of Allotment

   Completed
   28 Sept 2023

   Share allotment finalised

4. Refund Initiation

   Completed
   06 Oct 2023

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   05 Oct 2023

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   11 Oct 2023

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.