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Goyal Salt IPO vs Organic Recycling Systems IPO

Comparision between Goyal Salt IPO and Organic Recycling Systems IPO.

IPO Details

Goyal Salt IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Organic Recycling Systems IPO is a SME Fixed Price Issue proposed to list at BSE SME.

  Goyal Salt IPO Organic Recycling Systems IPO
Logo Goyal Salt IPO Logo Organic Recycling Systems IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Fixed Price Issue
Listing At NSE SME BSE SME
Lead Managers Holani Consultants Private Limited Arihant Capital Markets Ltd
Registrar Bigshare Services Pvt Ltd Maashitla Securities Private Limited
Market Maker Holani Consultants Private Limited Arihant Capital Markets Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Goyal Salt IPO is up to ₹18.63 Cr whereas the issue size of the Organic Recycling Systems IPO is up to ₹50.00 Cr. The final issue price of Goyal Salt IPO is ₹38.00 per share and of Organic Recycling Systems IPO is ₹200.00 per share.

  Goyal Salt IPO Organic Recycling Systems 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) ₹38.00 per share ₹200.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 3000 shares 600 shares
Fresh Issue Size 49,02,000 shares 25,00,200 shares
Fresh Issue Size (Amount) up to ₹18.63 Cr up to ₹50.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 49,02,000 shares 25,00,200 shares
Issue Size Total (Amount) up to ₹18.63 Cr up to ₹50.00 Cr

IPO Timetable

Goyal Salt IPO opens on Sep 26, 2023, while Organic Recycling Systems IPO opens on Sep 21, 2023. The closing date of Goyal Salt IPO and Organic Recycling Systems IPO is Oct 03, 2023, and Sep 26, 2023, respectively.

  Goyal Salt IPO Organic Recycling Systems IPO
Anchor Bid Date Sep 25, 2023
Issue Open Sep 26, 2023 Sep 21, 2023
Issue Close Oct 03, 2023 Sep 26, 2023
Basis Of Allotment (Tentative) Oct 05, 2023 Sep 29, 2023
Initiation of Refunds (Tentative) Oct 06, 2023 Oct 03, 2023
Credit of Share (Tentative) Oct 09, 2023 Oct 04, 2023
Listing date (Tentative) Oct 11, 2023 Oct 06, 2023
Anchor Lockin End date 1 Nov 04, 2023 Oct 29, 2023
Anchor Lockin End date 2 Jan 03, 2024 Dec 28, 2023

Financials

Goyal Salt IPO P/E ratio is 13.97, as compared to Organic Recycling Systems IPO P/E ratio of 25.54.

  Goyal Salt IPO Organic Recycling Systems IPO
Financial
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
Organic Recycling Systems IPO Financial Information (Restated Consolidated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets10,272.6910,669.3511,931.10
Revenue1,578.181,756.672,534.10
Profit After Tax-449.37-535.03365.38
Net Worth1,343.88808.862,550.07
Reserves and Surplus1,298.11763.082,014.40
Total Borrowing5,449.895,418.386,981.41
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100% 30.14%
Promoter Shareholding (Post-Issue) 20.35%
P/E Ratio 13.97 25.54
Market Cap ₹68.02 Cr. ₹153.99 Cr.
ROE 25.38%% 21.76%%
ROCE 36.22%% 13.06%%
Debt/Equity 0.57 2.7
EPS ₹2.72 ₹7.83
RoNW 21.86%% 14.33%%

Shares Offered

In the Goyal Salt IPO retail investors (RII) are offered 16,38,000 shares while in Organic Recycling Systems IPO retail investors are offered 16,38,000 shares. Qualified institutional buyers (QIB) are offered 8,82,000 shares in Goyal Salt IPO and 0 shares in Organic Recycling Systems IPO.

  Goyal Salt IPO Organic Recycling Systems IPO
Anchor Investor Reserveration 13,17,000 shares
Market Maker Reserveration 2,46,000 shares 1,30,200 shares
QIB 8,82,000 shares 0 shares
NII 7,29,000 shares 11,85,000 shares
RII 16,38,000 shares 11,85,000 shares
Employee 0 shares 0 shares
Others
Total 32,49,000 shares 23,70,000 shares

Bids Received (Subscription)

Goyal Salt IPO subscribed 294.61x in total, whereas Organic Recycling Systems IPO subscribed 3.24x.

  Goyal Salt IPO Organic Recycling Systems IPO
QIB (times) 67.20x
NII (times) 382.45x 4.28x
Big NII (times)
Small NII (times)
RII (times) 377.97x 2.21x
Employee (times)
Other (times)
Total (times) 294.61x 3.24x

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