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Goyal Salt Limited

Goyal Salt Limited

smelisted
Registrar: Bigshare Services Pvt Ltd · Listing 2023-10-11
IPO Timeline
Today · 20 Oct 2026
Opens
26 Sept 2023
Closes
03 Oct 2023
Allotment
28 Sept 2023
Refund
06 Oct 2023
Demat
05 Oct 2023
Listing
11 Oct 2023
Price Band
₹36–38
GMP
₹0
0%
Lot Size
3000 Shares
Min ₹114,000
Subscription
0x
Issue Size
₹18.63 Cr
Open
2023-09-26
Close
2023-10-03
Listing
2023-10-11

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|

Strengths

    Risks

      Financial performance (₹ Cr)

      IPO Roadmap / Timeline

      Current Status · as of 20 Oct 2026
      Listed
      Listed on 11 Oct 2023
      Listed 1105 days ago
      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.

      Lot size & minimum investment

      Lot Size
      3000 shares
      Price / Share (upper)
      ₹38
      Min Investment (1 lot)
      ₹114,000
      Price Band
      ₹36–38
      Retail / Individual
      1 lot only
      Min lots
      1
      Min shares
      3000
      Min amount
      ₹114,000
      Max amount
      ₹114,000
      HNI
      Min 2 lots
      Min lots
      2
      Min shares
      6000
      Min amount
      ₹228,000
      Max amount
      ₹228,000

      Shares reserved per category & allotment probability

      QIB
      100% allotment
      Reservation
      50%
      Amount
      ₹9.32 Cr
      Shares offered
      2,517,568
      Shares bid
      0
      Subscribed
      0.00x
      NII
      100% allotment
      Reservation
      15%
      Amount
      ₹2.79 Cr
      Shares offered
      755,270
      Shares bid
      0
      Subscribed
      0.00x
      Retail
      100% allotment
      Reservation
      35%
      Amount
      ₹6.52 Cr
      Shares offered
      1,762,297
      Shares bid
      0
      Subscribed
      0.00x

      Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).