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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 IPOMarco Cables IPO
LogoGoyal Salt IPO LogoMarco Cables IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersHolani Consultants Pvt.Ltd.Shreni Shares Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerHolani Consultants Pvt.Ltd.Shreni Shares 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 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 IPOMarco 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 Size3000 shares3000 shares
Fresh Issue Size46,56,000 shares23,13,000 shares
Fresh Issue Size (Amount)up to ₹17.69 Crup to ₹8.33 Cr
OFS Issue Size0 shares26,01,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹9.36 Cr
Issue Size Total46,56,000 shares49,14,000 shares
Issue Size Total (Amount)up to ₹17.69 Crup 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 IPOMarco Cables IPO
Anchor Bid DateSep 25, 2023
Issue OpenSep 26, 2023Sep 21, 2023
Issue CloseOct 03, 2023Sep 25, 2023
Basis Of Allotment (Tentative)Oct 05, 2023Sep 28, 2023
Initiation of Refunds (Tentative)Oct 06, 2023Sep 29, 2023
Credit of Share (Tentative)Oct 09, 2023Oct 03, 2023
Listing date (Tentative)Oct 11, 2023Sep 28, 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 Marco Cables IPO P/E ratio of 20.22.

 Goyal Salt IPOMarco Cables 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)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets69.9359.5556.59
Total Income56.9456.6542.83
Profit After Tax2.810.330.12
NET Worth15.619.459.11
Reserves and Surplus12.396.556.22
Total Borrowing37.5836.6535.22
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100100.00
Promoter Shareholding (Post-Issue)72.18
P/E Ratio13.9720.22
Market Cap₹68.02 Cr.₹67.32 Cr.
ROE25.38%22.41%
ROCE36.22%16.93%
Debt/Equity0.572.41
EPS₹2.72₹1.78
RoNW21.86%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 IPOMarco Cables IPO
Anchor Investor Reservation13,17,000 shares
Market Maker Reservation2,46,000 shares2,88,000 shares
QIB8,82,000 shares
NII7,29,000 shares24,57,000 shares
RII16,38,000 shares24,57,000 shares
Employee90,000 shares
Others
Total46,56,000 shares49,14,000 shares

Bids Received (Subscription)

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

 Goyal Salt IPOMarco Cables IPO
QIB (times)67.20x
NII (times)382.45x24.36x
Big NII (times)
Small NII (times)
RII (times)377.97x35.24x
Employee (times)
Other (times)
Total (times)294.61x30.90x

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Goyal Salt IPO Vs Marco Cables IPO