Goyal Salt IPO

Goyal Salt Limited

₹1,08,000 /3000 sharesMinimum Investment

Goyal Salt IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
26 Sep ‘23 - 3 Oct ‘23₹1,08,0003,000₹36 - ₹38
Issue SizeIPO Doc
18.63Cr
RHP PDF

About Goyal Salt

Goyal Salt was incorporated in 2010. It specializes in refining raw salts obtained from underground brine in Rajasthan. They produce top-quality industrial and edible salts through a pure refining process that excludes any harmful additives. Their product range includes triple refined free-flow iodized salt, industrial salt, double fortified salt, and triple refined half-dry salt. In recent years, Goyal Salt has expanded its production to include refined iodized salt and double-fortified salt. Additionally, Goyal Salt supplies industrial salt, which is required by various industries, such as soap and detergent, textiles and dyeing, glass, polyester, plastics, rubber, leather, and the chemical industry.;
Founded in
2010
Managing director
Mr. Pramesh Goyal
Parent organisation
Goyal Salt Limited

Strengths & Financials of Goyal Salt

Strengths
Risks
Goyal Salt has a production facility capable of handling comprehensive refining processes, with a daily production capacity of approximately 700 tonnes.
Their revenue increased at a CAGR of 39.91%. Starting at Rs. 6012.96 lakhs in 2020-21, revenues rose to Rs. 11770.68 Lakhs in 2022-23.
The company's profits after tax experienced a CAGR of 127.83%. From Rs. 68.15 lakhs in 2020-21, their profits rose to Rs. 353.74 lakhs in 2022-23.
Goyal Salt has played a role in supporting various government welfare initiatives. Their products have been delivered to the governments of three states: Madhya Pradesh, Uttar Pradesh, and Jharkhand.
They have provided refined iodized salt to the Madhya Pradesh government as per orders from the Madhya Pradesh Civil Supply Corporation Limited, serving the Public Distribution System (PDS). Additionally, they have previously fulfilled similar orders for the governments of Uttar Pradesh and Jharkhand under the PDS program.

Goyal Salt Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Goyal Salt IPO

Apply asPrice bandApply upto
Regular36 - 38₹2 Lakh
High Networth Individual36 - 38₹2 - 5 Lakh
For Goyal Salt IPO, eligible investors can apply as Regular.
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