What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the current subscription status of Goyal Salt Limited IPO?

Goyal Salt Limited IPO has received a total subscription of 294.69 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

Goyal Salt Limited

ListedSME

Emerging SME Services · NSE

Incorporated in 2010, Goyal Salt Limited is engaged in refining raw salt into various industrial and edible salt products. The company offers triple-refined free-flow iodized salt, industrial salt, double-fortified salt, and triple-refined half-dry salt, catering to sectors like soap, detergents, textiles, dyeing, glass, polyester, plastics, rubber, leather, and chemicals. It sources around 75% of raw salt from the open market, while the remaining is supplied by promoter-controlled entities and its own salt harvesting land. The refinery is located at Nawa City near Sambhar Lake, spread across 1.45 hectares, with an additional 18.66 hectares leased for salt harvesting. The company recorded revenue of Rs. 6,005.30 lakhs in FY 2022-23.

Price Band

₹36 – ₹38

Issue Size

₹18.63 Cr

Lot Size

3000 shares

GMP

₹39

+102.6%

Est. Listing

₹77

at current GMP

Subscribed

294.69x

overall

Open

26 Sep 2023

3 Oct 2023

Allotment

6 Oct 2023

Refund

7 Oct 2023

Demat Credit

8 Oct 2023

Listing

11 Oct 2023

Last updated 12 months ago

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

294.69x

Total Demand

QIB Multiplier

67.20x

Institutions & Funds

NII / HNI

382.79x

High Net-Worth

Retail (RII)

377.97x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 294.69x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	882,000	59,271,000	67.20x
NIB	729,000	279,054,000	382.79x
RETAIL	1,638,000	619,113,000	377.97x
Total	3,249,000	957,438,000	294.69x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 378.15x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	572	216,199	377.97x
HNIs (10L +)	4	1,531	382.79x
HNIs (2-10L)	18	6,890	382.79x
Total Applications	594	224,620	378.15x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

About Goyal Salt Limited Public Issue & Market Profile

Goyal Salt Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹18.63 Crores. The shares are offered at a price band of ₹36 to ₹38 per equity share on NSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Bidding & Quota Instructions:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Allotment Reconciliation Schedule:

Following the close of bidding on 2023-10-03, the basis of allotment is scheduled to be finalized on 2023-10-06. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is Goyal Salt Limited IPO GMP today?

The latest Grey Market Premium (GMP) for Goyal Salt Limited IPO is ₹39 per equity share. Based on the upper price band of ₹36 to ₹38 per equity share, the estimated listing price is ₹77 (+102.6% expected listing gain).

What is the expected profit per lot for Goyal Salt Limited IPO?

With a lot size of 3000 shares and current GMP of ₹39, the expected profit per application lot is approx ₹1,17,000 (+102.6% gain). Minimum application cost is approx ₹1,14,000.

What is the issue size and price band for Goyal Salt Limited IPO?

The Goyal Salt Limited IPO aggregate issue size is ₹18.63 Crores with an equity price band set at ₹36 to ₹38 per equity share. The retail lot size is 3000 shares requiring a minimum capital outlay of approx. ₹1,14,000.

How can I check Goyal Salt Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 294.69x (Retail: 377.97x, QIB: 67.20x, NII: 382.79x). You can track live multiples directly on our dedicated subscription page.

Where and when will Goyal Salt Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2023-10-06. Investors can verify status using PAN card or application number.

When is the listing date for Goyal Salt Limited IPO?

Goyal Salt Limited shares are scheduled to list on NSE on 2023-10-11.