"WE SMOOTHLY OVERCAME ALL THE CHALLENGES"

Established in 2010, today Goyal Salt shares are on a high especially post IPO. PRAMESH GOYAL, Managing Director, Goyal Salt talks about the IPO-journey, the learnings in a chat with ASHISH SINHA of BW Businessworld. Excerpts:

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Why did your SME decide to go public through an IPO?

Having successfully executed our Initial Public Offering (IPO), the company strategically addressed several key objectives. The IPO served as a means to raise crucial capital, essential for bolstering our day-today operations and facilitating the smooth transition of business activities. Recognising the importance of working capital in achieving both short-term and long-term goals, this step was vital for the expansion and sustained growth of our enterprise. Additionally, the decision to go public aligned with the broader objective of providing investors with an opportunity for portfolio diversification. Also, our company recognised the significant role played by MSMEs as the backbone of the economy.