Goyal Salt IPO Day 5: Issue subscribed over 245 times so far on last day; retail portion booked 337x
₹18.63-crore worth Goyal Salt IPO has received stellar response from investors so far. Goyal Salt IPO is a book built issue and an SME IPO that opened for public subscription on September 26. Rajasthan-based Goyal Salt Ltd is a refiner of raw salts procured from subsoil brine, used as industrial salts and edible salts.
The company also produces and supplies industrial salt for soap and detergent industries, chemical industries and textile and dyeing industries. It also supplies industrial salts to industries producing glass, plastics, rubber, polyester and leather. Also Read: JSW Infrastructure share price extends gain after strong debut on Dalal Street. Buy, sell or hold? Let us take a look at Goyal Salt IPO subscription status, GMP and other key details.
Goyal Salt IPO has been subscribed 245.78 times in total so far on Tuesday, October 3, the fifth and the last day of the bidding process. The public issue received bids for 79.85 crore equity shares as against 32.49 lakh shares on the offer, as per data available at 3:10 pm. The public issue has been subscribed 337.42 times in the retail category and 284.29 times in the Non-Institutional Investors’ (NII) category so far.
The QIB quota is booked 43.75 times. (Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Goyal Salt IPO GMP today, or grey market premium today, is ₹20 per share, as per IPOWatch. The grey market suggests that Goyal Salt shares are trading higher by ₹20 than their issue price, in the grey market.
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