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Arabian Petroleum IPO vs Goyal Salt IPO

Comparison between Arabian Petroleum IPO and Goyal Salt IPO.

IPO Details

Arabian Petroleum IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Goyal Salt IPO is a SME Bookbuilding proposed to list at NSE SME.

 Arabian Petroleum IPOGoyal Salt IPO
LogoArabian Petroleum IPO LogoGoyal Salt IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersHem Securities Ltd.Holani Consultants Pvt.Ltd.
RegistrarPurva Sharegistry (India) Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerHem Finlease Pvt.Ltd.Holani Consultants Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Arabian Petroleum IPO is up to ₹19.21 Cr whereas the issue size of the Goyal Salt IPO is up to ₹17.69 Cr. The final issue price of Arabian Petroleum IPO is ₹70.00 per share and of Goyal Salt IPO is ₹38.00 per share.

 Arabian Petroleum IPOGoyal Salt IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹36.00 per share
Issue Price (Upper)₹38.00 per share
Issue Price (Final)₹70.00 per share₹38.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹0.00 per share
Market Lot Size2000 shares3000 shares
Fresh Issue Size27,44,000 shares46,56,000 shares
Fresh Issue Size (Amount)up to ₹19.21 Crup to ₹17.69 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total27,44,000 shares46,56,000 shares
Issue Size Total (Amount)up to ₹19.21 Crup to ₹17.69 Cr

IPO Timetable

Arabian Petroleum IPO opens on Sep 25, 2023, while Goyal Salt IPO opens on Sep 26, 2023. The closing date of Arabian Petroleum IPO and Goyal Salt IPO is Sep 27, 2023, and Oct 03, 2023, respectively.

 Arabian Petroleum IPOGoyal Salt IPO
Anchor Bid DateSep 25, 2023
Issue OpenSep 25, 2023Sep 26, 2023
Issue CloseSep 27, 2023Oct 03, 2023
Basis Of Allotment (Tentative)Oct 04, 2023Oct 05, 2023
Initiation of Refunds (Tentative)Oct 05, 2023Oct 06, 2023
Credit of Share (Tentative)Oct 06, 2023Oct 09, 2023
Listing date (Tentative)Oct 09, 2023Oct 11, 2023
Anchor Lockin End date 1Nov 04, 2023
Anchor Lockin End date 2Jan 03, 2024

Financials & KPIs

Arabian Petroleum IPO P/E ratio is 11.51, as compared to Goyal Salt IPO P/E ratio of 13.97.

 Arabian Petroleum IPOGoyal Salt IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets76.5171.3550.32
Total Income243.95191.59110.25
Profit After Tax4.864.142.88
NET Worth22.0317.1613.02
Reserves and Surplus14.0315.1611.02
Total Borrowing38.3129.4921.98
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets30.0127.3327.46
Total Income117.7166.1560.13
Profit After Tax3.540.630.68
NET Worth16.1811.6911.22
Reserves and Surplus5.359.709.22
Total Borrowing9.2010.6012.97
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%100%
Promoter Shareholding (Post-Issue)73.45%72.62%
P/E Ratio11.5113.97
Market Cap₹76.24 Cr.₹68.02 Cr.
ROE22.0825.38
ROCE32.4736.22
Debt/Equity1.750.57
EPS₹6.08₹2.72
RoNW22.0821.86

Shares Offered

In the Arabian Petroleum IPO Retail Individual Investors (RII) are offered 13,72,000 shares while in Goyal Salt IPO retail investors are offered 13,72,000 shares. Qualified Institutional Buyers (QIB) are offered in Arabian Petroleum IPO and 8,82,000 shares in Goyal Salt IPO.

 Arabian Petroleum IPOGoyal Salt IPO
Anchor Investor Reservation13,17,000 shares
Market Maker Reservation1,48,000 shares2,46,000 shares
QIB8,82,000 shares
NII13,72,000 shares7,29,000 shares
RII13,72,000 shares16,38,000 shares
Employee90,000 shares
Total27,44,000 shares46,56,000 shares

Bids Received (Subscription)

Arabian Petroleum IPO subscribed 19.46x in total, whereas Goyal Salt IPO subscribed 205.58x.

 Arabian Petroleum IPOGoyal Salt IPO
QIB (times)67.20x
NII (times)15.72x382.45x
RII (times)23.19x377.97x
Employee (times)0.00x
Total (times)19.46x205.58x

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Arabian Petroleum IPO Vs Goyal Salt IPO