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Goyal Salt IPO vs Organic Recycling Systems IPO

Comparison between Goyal Salt IPO and Organic Recycling Systems IPO.

IPO Details

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

 Goyal Salt IPOOrganic Recycling Systems IPO
LogoGoyal Salt IPO LogoOrganic Recycling Systems IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersHolani Consultants Pvt.Ltd.Arihant Capital Markets Ltd.
RegistrarBigshare Services Pvt.Ltd.Maashitla Securities Pvt.Ltd.
Market MakerHolani Consultants Pvt.Ltd.Arihant Capital Markets 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 Goyal Salt IPO is up to ₹17.69 Cr whereas the issue size of the Organic Recycling Systems IPO is up to ₹47.40 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 IPOOrganic 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)₹0.00 per share₹0.00 per share
Discount (Employee)₹0.00 per share
Market Lot Size3000 shares600 shares
Fresh Issue Size46,56,000 shares23,70,000 shares
Fresh Issue Size (Amount)up to ₹17.69 Crup to ₹47.40 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total46,56,000 shares23,70,000 shares
Issue Size Total (Amount)up to ₹17.69 Crup to ₹47.40 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 IPOOrganic Recycling Systems IPO
Anchor Bid DateSep 25, 2023
Issue OpenSep 26, 2023Sep 21, 2023
Issue CloseOct 03, 2023Sep 26, 2023
Basis Of Allotment (Tentative)Oct 05, 2023Sep 29, 2023
Initiation of Refunds (Tentative)Oct 06, 2023Oct 03, 2023
Credit of Share (Tentative)Oct 09, 2023Oct 04, 2023
Listing date (Tentative)Oct 11, 2023Oct 06, 2023
Anchor Lockin End date 1Nov 04, 2023
Anchor Lockin End date 2Jan 03, 2024

Financials & KPIs

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

 Goyal Salt IPOOrganic Recycling Systems IPO
Financials

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

Company Financials (Restated Consolidated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets119.31106.69102.73
Total Income25.3417.5715.78
Profit After Tax3.65-5.35-4.49
NET Worth25.508.0913.44
Reserves and Surplus20.147.6312.98
Total Borrowing69.8154.1854.50
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%30.14%
Promoter Shareholding (Post-Issue)72.62%20.35%
P/E Ratio13.9725.54
Market Cap₹68.02 Cr.₹153.99 Cr.
ROE25.3821.76
ROCE36.2213.06
Debt/Equity0.572.70
EPS₹2.72₹7.83
RoNW21.8614.33

Shares Offered

In the Goyal Salt IPO Retail Individual 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 in Organic Recycling Systems IPO.

 Goyal Salt IPOOrganic Recycling Systems IPO
Anchor Investor Reservation13,17,000 shares
Market Maker Reservation2,46,000 shares1,30,200 shares
QIB8,82,000 shares
NII7,29,000 shares11,85,000 shares
RII16,38,000 shares11,85,000 shares
Employee90,000 shares
Total46,56,000 shares23,70,000 shares

Bids Received (Subscription)

Goyal Salt IPO subscribed 205.58x in total, whereas Organic Recycling Systems IPO subscribed 3.24x.

 Goyal Salt IPOOrganic Recycling Systems IPO
QIB (times)67.20x
NII (times)382.45x4.28x
RII (times)377.97x2.21x
Employee (times)0.00x
Total (times)205.58x3.24x

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Compare:

Goyal Salt IPO Vs Organic Recycling Systems IPO