Goyal Salt IPO vs Marco Cables IPO

Comparison between Goyal Salt IPO and Marco Cables IPO.

IPO Details

Goyal Salt IPO is a SME Fixed Price IPO proposed to list at NSE SME while Marco Cables IPO is a SME Fixed Price proposed to list at NSE SME.

	Goyal Salt IPO	Marco Cables IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Fixed Price
Listing At	NSE SME	NSE SME
Lead Managers	Holani Consultants Pvt.Ltd.	Shreni Shares Ltd.
Registrar	Bigshare Services Pvt.Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Holani Consultants Pvt.Ltd.	Shreni Shares Ltd.
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 ₹17.69 Cr whereas the issue size of the Marco Cables IPO is up to ₹17.69 Cr. The final issue price of Goyal Salt IPO is ₹38.00 per share and of Marco Cables IPO is ₹36.00 per share.

	Goyal Salt IPO	Marco Cables 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	₹36.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)	₹0.00 per share
Market Lot Size	3000 shares	3000 shares
Fresh Issue Size	46,56,000 shares	23,13,000 shares
Fresh Issue Size (Amount)	up to ₹17.69 Cr	up to ₹8.33 Cr
OFS Issue Size	0 shares	26,01,000 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹9.36 Cr
Issue Size Total	46,56,000 shares	49,14,000 shares
Issue Size Total (Amount)	up to ₹17.69 Cr	up to ₹17.69 Cr

IPO Timetable

Goyal Salt IPO opens on Sep 26, 2023, while Marco Cables IPO opens on Sep 21, 2023. The closing date of Goyal Salt IPO and Marco Cables IPO is Oct 03, 2023, and Sep 25, 2023, respectively.

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

Financials & KPIs

Goyal Salt IPO P/E ratio is 13.97, as compared to Marco Cables IPO P/E ratio of 20.22.

Goyal Salt IPO

Marco Cables IPO

Financials

Goyal Salt IPO Financial Information (Restated Standalone)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	2,745.93	2,733.41	3,000.94
Total Income	6,012.96	6,615.00	11,770.68
Profit After Tax	68.15	62.75	353.74
Net Worth	1,121.57	1,169.12	1,618.11
Reserves and Surplus	921.99	969.54	534.92
Total Borrowing	1,297.36	1,059.80	920.11

Amount in ₹ Lakhs

Marco Cables & Conductors IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	5,658.84	5,954.62	6,993.44
Total Income	4,282.91	5,665.31	5,693.72
Profit After Tax	12.25	33.49	280.71
Net Worth	911.25	944.75	1,560.86
Reserves and Surplus	621.84	655.34	1,238.90
Total Borrowing	3,522.22	3,665.19	3,757.73

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100

100.00

Promoter Shareholding (Post-Issue)

72.18

P/E Ratio

13.97

20.22

Market Cap

₹68.02 Cr.

₹67.32 Cr.

ROE

25.38%

22.41%

ROCE

36.22%

16.93%

Debt/Equity

0.57

2.41

EPS

₹2.72

₹1.78

RoNW

21.86%

17.98%

Shares Offered

In the Goyal Salt IPO Retail Individual Investors (RII) are offered 16,38,000 shares while in Marco Cables 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 Marco Cables IPO.

	Goyal Salt IPO	Marco Cables IPO
Anchor Investor Reserveration	13,17,000 shares
Market Maker Reserveration	2,46,000 shares	2,88,000 shares
QIB	8,82,000 shares
NII	7,29,000 shares	24,57,000 shares
RII	16,38,000 shares	24,57,000 shares
Employee	90,000 shares
Others
Total	46,56,000 shares	49,14,000 shares

Bids Received (Subscription)

Goyal Salt IPO subscribed 294.61x in total, whereas Marco Cables IPO subscribed 30.90x.

	Goyal Salt IPO	Marco Cables IPO
QIB (times)	67.20x
NII (times)	382.45x	24.36x
Big NII (times)
Small NII (times)
RII (times)	377.97x	35.24x
Employee (times)
Other (times)
Total (times)	294.61x	30.90x

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