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.
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.
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 IPO | Goyal Salt IPO |
|---|
| Anchor Bid Date | | Sep 25, 2023 |
| Issue Open | Sep 25, 2023 | Sep 26, 2023 |
| Issue Close | Sep 27, 2023 | Oct 03, 2023 |
| Basis Of Allotment (Tentative) | Oct 04, 2023 | Oct 05, 2023 |
| Initiation of Refunds (Tentative) | Oct 05, 2023 | Oct 06, 2023 |
| Credit of Share (Tentative) | Oct 06, 2023 | Oct 09, 2023 |
| Listing date (Tentative) | Oct 09, 2023 | Oct 11, 2023 |
| Anchor Lockin End date 1 | | Nov 04, 2023 |
| Anchor Lockin End date 2 | | Jan 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.
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 IPO | Goyal Salt IPO |
|---|
| Anchor Investor Reservation | | 13,17,000 shares |
| Market Maker Reservation | 1,48,000 shares | 2,46,000 shares |
| QIB | | 8,82,000 shares |
| NII | 13,72,000 shares | 7,29,000 shares |
| RII | 13,72,000 shares | 16,38,000 shares |
| Employee | | 90,000 shares |
| Total | 27,44,000 shares | 46,56,000 shares |
Bids Received (Subscription)
Arabian Petroleum IPO subscribed 19.46x in total, whereas Goyal Salt IPO subscribed 205.58x.
