Goyal Salt Makes Strong Market Debut: Shares List At 242% Premium; Check Details Here

Goyal Salt IPO Listing: Goyal Salt Ltd, made a stellar stock market debut on Wednesday. Goyal Salt shares got listed at Rs 130 per share on the NSE SME, up 242% against the issue price of Rs 38 per share. The initial public offering (IPO) of Goyal Salt opened for subscription on September 26. The last day to place bids was October 3.

Goyal Salt IPO, an SME IPO was subscribed 294.61 times overall at the concluding day of the bidding process.
The Rs 18.63-crore worth Goyal Salt IPO has received a stellar response from investors as the issue was subscribed 377.97 times in the retail category, 382.45 times in the Non-Institutional Investors' (NII) category, and the QIB quota was booked 67.20 times.

The Rajasthan-based company Goyal Salt Ltd raised Rs 18.63 crore via the IPO which was entirely a fresh issue of 49.02 lakh shares. The price band of the IPO was fixed between Rs 36 to Rs 38 per share. Ahead of the IPO launch on September 25, the company had already raised Rs 5 crore from anchor investors.