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News Details

18/09/2023 15:10

Goyal Salt announces launch of initial public offering

Goyal Salt Ltd. has announced public offering of 4902000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 28.00 per share. The gross proceeds of the issue are expected to be Rs 1,862.76 lakhs.

The company's initial public offer (IPO) will open on 26 September 2023 and is expected to close on 29 September 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 36.00-38.00 per share.

The IPO includes a fresh Issue of 4902000 Equity Shares of the Company at an price of Rs 38.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 3000 shares with bids in multiples of 3000.

Goyal Salt Ltd. anticipates using the proceeds of the issue for .

Holani Consultants Private Limited as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.