Comparison between Goyal Salt IPO and Organic Recycling Systems IPO.
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 IPO | Organic Recycling Systems IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Holani Consultants Pvt.Ltd. | Arihant Capital Markets Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Maashitla Securities Pvt.Ltd. |
| Market Maker | Holani Consultants Pvt.Ltd. | Arihant Capital Markets Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
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 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) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ₹0.00 per share | |
| Market Lot Size | 3000 shares | 600 shares |
| Fresh Issue Size | 46,56,000 shares | 23,70,000 shares |
| Fresh Issue Size (Amount) | up to ₹17.69 Cr | up to ₹47.40 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 46,56,000 shares | 23,70,000 shares |
| Issue Size Total (Amount) | up to ₹17.69 Cr | up to ₹47.40 Cr |
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 | |
| Anchor Lockin End date 2 | Jan 03, 2024 |
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Standalone)
| Company Financials (Restated Consolidated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 2.70 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹2.72 | ₹7.83 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 21.86% | 14.33% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 IPO | Organic Recycling Systems IPO | |
|---|---|---|
| Anchor Investor Reservation | 13,17,000 shares | |
| Market Maker Reservation | 2,46,000 shares | 1,30,200 shares |
| QIB | 8,82,000 shares | |
| NII | 7,29,000 shares | 11,85,000 shares |
| RII | 16,38,000 shares | 11,85,000 shares |
| Employee | 90,000 shares | |
| Others | ||
| Total | 46,56,000 shares | 23,70,000 shares |
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 |
