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E Factor Experiences IPO vs Goyal Salt IPO

Comparision between E Factor Experiences IPO and Goyal Salt IPO.

IPO Details

E Factor Experiences IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Goyal Salt IPO is a SME Book Built Issue proposed to list at NSE SME.

  E Factor Experiences IPO Goyal Salt IPO
Logo E Factor Experiences IPO Logo Goyal Salt IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Book Built Issue
Listing At NSE SME NSE SME
Lead Managers Hem Securities Limited Holani Consultants Private Limited
Registrar Maashitla Securities Private Limited Bigshare Services Pvt Ltd
Market Maker Hem Finlease Private Limited Holani Consultants Private Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor Anchor Investor Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of E Factor Experiences IPO is up to ₹25.92 Cr whereas the issue size of the Goyal Salt IPO is up to ₹18.63 Cr. The final issue price of E Factor Experiences IPO is ₹75.00 per share and of Goyal Salt IPO is ₹38.00 per share.

  E Factor Experiences IPO Goyal Salt IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹71.00 per share ₹36.00 per share
Issue Price (Upper) ₹75.00 per share ₹38.00 per share
Issue Price (Final) ₹75.00 per share ₹38.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1600 shares 3000 shares
Fresh Issue Size 34,56,000 shares 49,02,000 shares
Fresh Issue Size (Amount) up to ₹25.92 Cr up to ₹18.63 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 34,56,000 shares 49,02,000 shares
Issue Size Total (Amount) up to ₹25.92 Cr up to ₹18.63 Cr

IPO Timetable

E Factor Experiences IPO opens on Sep 27, 2023, while Goyal Salt IPO opens on Sep 26, 2023. The closing date of E Factor Experiences IPO and Goyal Salt IPO is Oct 03, 2023, and Oct 03, 2023, respectively.

  E Factor Experiences IPO Goyal Salt IPO
Anchor Bid Date Sep 26, 2023 Sep 25, 2023
Issue Open Sep 27, 2023 Sep 26, 2023
Issue Close Oct 03, 2023 Oct 03, 2023
Basis Of Allotment (Tentative) Oct 06, 2023 Oct 05, 2023
Initiation of Refunds (Tentative) Oct 07, 2023 Oct 06, 2023
Credit of Share (Tentative) Oct 08, 2023 Oct 09, 2023
Listing date (Tentative) Oct 09, 2023 Oct 11, 2023
Anchor Lockin End date 1 Nov 05, 2023 Nov 04, 2023
Anchor Lockin End date 2 Jan 04, 2024 Jan 03, 2024

Financials

E Factor Experiences IPO P/E ratio is 9.59, as compared to Goyal Salt IPO P/E ratio of 13.97.

  E Factor Experiences IPO Goyal Salt IPO
Financial
E Factor Experiences IPO Financial Information (Restated Consolidated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets2,581.944,916.875,674.80
Revenue990.565,700.2411,945.21
Profit After Tax123.39255.73761.35
Net Worth96.96351.851,101.67
Reserves and Surplus-247.045.36138.46
Total Borrowing683.23590.95912.74
Amount in ₹ Lakhs
Goyal Salt IPO Financial Information (Restated Standalone)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets2,745.932,733.413,000.94
Revenue6,012.966,615.0011,770.68
Profit After Tax68.1562.75353.74
Net Worth1,121.571,169.121,618.11
Reserves and Surplus921.99969.54534.92
Total Borrowing1,297.361,059.80920.11
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 99.99% 100%
Promoter Shareholding (Post-Issue) 73.59%
P/E Ratio 9.59 13.97
Market Cap ₹98.16 Cr. ₹68.02 Cr.
ROE 103.79%% 25.38%%
ROCE 54.85%% 36.22%%
Debt/Equity 0.83 0.57
EPS ₹7.82 ₹2.72
RoNW 68.35%% 21.86%%

Shares Offered

In the E Factor Experiences IPO retail investors (RII) are offered 11,48,800 shares while in Goyal Salt IPO retail investors are offered 11,48,800 shares. Qualified institutional buyers (QIB) are offered 6,56,000 shares in E Factor Experiences IPO and 8,82,000 shares in Goyal Salt IPO.

  E Factor Experiences IPO Goyal Salt IPO
Anchor Investor Reserveration 9,84,000 shares 13,17,000 shares
Market Maker Reserveration 1,74,400 shares 2,46,000 shares
QIB 6,56,000 shares 8,82,000 shares
NII 4,92,800 shares 7,29,000 shares
RII 11,48,800 shares 16,38,000 shares
Employee 0 shares 0 shares
Others
Total 22,97,600 shares 32,49,000 shares

Bids Received (Subscription)

E Factor Experiences IPO subscribed 73.14x in total, whereas Goyal Salt IPO subscribed 294.61x.

  E Factor Experiences IPO Goyal Salt IPO
QIB (times) 46.09x 67.20x
NII (times) 168.26x 382.45x
Big NII (times)
Small NII (times)
RII (times) 47.78x 377.97x
Employee (times)
Other (times)
Total (times) 73.14x 294.61x

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