Business Standard

Goyal Salt Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

18.63 cr

Price Range (₹)

38

Lot Size

3000

Min Investment (₹)

1,14,000.00

Listing Exchange

NSE - SME

Open Date

26-Sept-2023

Close Date

03-Oct-2023

Listing Date

11-Oct-2023

Goyal Salt Ltd News

    The Shares of Goyal Salt Ltd have now been listed.

    Goyal Salt Ltd IPO Details

    Initial public offer of 49,02,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Goyal Salt Limited (The Company or Company or Issuer) for cash at a price of Rs. 38/- per equity share (including a share premium of Rs. 28/- per equity share), aggregating Rs. 18.63 crores* (The Issue), comprising a fresh issue of 49,02,000 equity shares aggregting to Rs. 18.63 crores (Fresh Issue). This issue includes a reservation of 2,46,000 equity shares aggregating to Rs. 0.93 crores (constituting 1.37% of the post-issue paid up equity share capital of the company) for subscription by the market maker (Market Maker Reservation Portion) and reservation of 90,000 equity shares, aggregating to Rs. 0.34 crores (constituting 0.50 % of the post-issue paid up equity share capital of the company) for subscription by the eligible employees (the Employees Reservation Portion). The issue less market maker reservation portion and the employee reservation portion is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 27.38% and 25.51% respectively of the fully diluted post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each and the issue price of Rs. 38/- is 3.80 times of the face value of the equity shares.

    Objective of issue

    Capital expenditure for quality enhancement. Brand creation and marketing expenses. Funding the working capital requirements of the company. General corporate purposes.

    Goyal Salt Ltd Contact Details

    Goyal Salt Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - info@goyalsalt.in

    Website - www.goyalsaltltd.com