Goyal Salt Limited
LISTEDSME IPO · IPO Guide
Issue Price
₹36 – ₹38
Listed On
11 Oct 2023
Listing Price
₹130 (+242.11%)
Current Price LIVE
₹130
(+242.11%)
Lot Size Calculator
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,14,000 |
| Retail (Max) | 2 | 6,000 | ₹2,28,000 |
| S-HNI (Min) | 3 | 9,000 | ₹3,42,000 |
| S-HNI (Max) | 8 | 24,000 | ₹9,12,000 |
| B-HNI (Min) | 9 | 27,000 | ₹10,26,000 |
As per financials, Goyal Salt Limited has shown good results, RoNW is 21.86% and P/E is respectively 108.49 and 19.23 as per FY22 and FY23 earnings. So, issue looks fully priced. Also sudden rise in net profits is very surprising. Company is in business of refining raw salts used as industrial salts and edible salts, which is highly fragmented and competitive segment. Performance of BRLM is good. So we are giving rating to this SME IPO. Readers must consult a qualified financial advisor prior to making any actual investment decisions.
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Disclaimer
No financial information whatsoever published herein, should be construed as an offer to buy or sell securities, or as information to make investment decisions, or as an official confirmation of any transaction. All matter published herein is purely for educational and informational purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions.
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