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Goyal Salt IPO vs Rajgor Castor Derivatives IPO

Comparison between Goyal Salt IPO and Rajgor Castor Derivatives IPO.

IPO Details

Goyal Salt IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Rajgor Castor Derivatives IPO is a SME Bookbuilding proposed to list at NSE SME.

 Goyal Salt IPORajgor Castor Derivatives IPO
LogoGoyal Salt IPO LogoRajgor Castor Derivatives IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersHolani Consultants Pvt.Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market MakerHolani Consultants Pvt.Ltd.Spread X Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor 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 Rajgor Castor Derivatives IPO is up to ₹45.30 Cr. The final issue price of Goyal Salt IPO is ₹38.00 per share and of Rajgor Castor Derivatives IPO is ₹50.00 per share.

 Goyal Salt IPORajgor Castor Derivatives IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹36.00 per share₹47.00 per share
Issue Price (Upper)₹38.00 per share₹50.00 per share
Issue Price (Final)₹38.00 per share₹50.00 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 shares83,94,000 shares
Fresh Issue Size (Amount)up to ₹17.69 Crup to ₹41.97 Cr
OFS Issue Size0 shares6,66,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹3.33 Cr
Issue Size Total46,56,000 shares90,60,000 shares
Issue Size Total (Amount)up to ₹17.69 Crup to ₹45.30 Cr

IPO Timetable

Goyal Salt IPO opens on Sep 26, 2023, while Rajgor Castor Derivatives IPO opens on Oct 17, 2023. The closing date of Goyal Salt IPO and Rajgor Castor Derivatives IPO is Oct 03, 2023, and Oct 20, 2023, respectively.

 Goyal Salt IPORajgor Castor Derivatives IPO
Anchor Bid DateSep 25, 2023Oct 16, 2023
Issue OpenSep 26, 2023Oct 17, 2023
Issue CloseOct 03, 2023Oct 20, 2023
Basis Of Allotment (Tentative)Oct 05, 2023Oct 26, 2023
Initiation of Refunds (Tentative)Oct 06, 2023Oct 27, 2023
Credit of Share (Tentative)Oct 09, 2023Oct 30, 2023
Listing date (Tentative)Oct 11, 2023Oct 31, 2023
Anchor Lockin End date 1Nov 04, 2023Nov 25, 2023
Anchor Lockin End date 2Jan 03, 2024Jan 24, 2024

Financials & KPIs

Goyal Salt IPO P/E ratio is 13.97, as compared to Rajgor Castor Derivatives IPO P/E ratio of 1.66.

 Goyal Salt IPORajgor Castor Derivatives IPO
Financials
Goyal Salt IPO Financial Information (Restated Standalone)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets2,745.932,733.413,000.94
Total Income6,012.966,615.0011,770.68
Profit After Tax68.1562.75353.74
Net Worth1,121.571,169.121,618.11
Reserves and Surplus921.99969.54534.92
Total Borrowing1,297.361,059.80920.11
Amount in ₹ Lakhs

Rajgor Castor Derivatives Limited Financial Information (Restated)

Rajgor Castor Derivatives Limited's revenue increased by 948.26% and profit after tax (PAT) rose by 962.41% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets9,847.957,782.643,753.422,578.482,645.34
Total Income11,276.1042,887.354,091.301,100.691,497.33
Profit After Tax192.57554.4752.19-180.18-97.02
Net Worth2,558.242,365.55201.90149.71
Reserves and Surplus2,343.542,150.97190.12137.93318.12
Total Borrowing5,178.964,450.931,809.512,286.28
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100100
Promoter Shareholding (Post-Issue)
P/E Ratio13.971.66
Market Cap₹68.02 Cr.₹119.58 Cr.
ROE25.38%43.19%
ROCE36.22%22.97%
Debt/Equity0.571.88
EPS₹2.72₹30.06
RoNW21.86%23.44%

Shares Offered

In the Goyal Salt IPO Retail Individual Investors (RII) are offered 16,38,000 shares while in Rajgor Castor Derivatives IPO retail investors are offered 16,38,000 shares. Qualified Institutional Buyers (QIB) are offered 8,82,000 shares in Goyal Salt IPO and 18,12,000 shares in Rajgor Castor Derivatives IPO.

 Goyal Salt IPORajgor Castor Derivatives IPO
Anchor Investor Reserveration13,17,000 shares27,12,000 shares
Market Maker Reserveration2,46,000 shares5,01,000 shares
QIB8,82,000 shares18,12,000 shares
NII7,29,000 shares13,62,000 shares
RII16,38,000 shares31,74,000 shares
Employee90,000 shares
Others
Total46,56,000 shares90,60,000 shares

Bids Received (Subscription)

Goyal Salt IPO subscribed 294.61x in total, whereas Rajgor Castor Derivatives IPO subscribed 107.43x.

 Goyal Salt IPORajgor Castor Derivatives IPO
QIB (times)67.20x35.52x
NII (times)382.45x260.01x
Big NII (times)
Small NII (times)
RII (times)377.97x80.70x
Employee (times)
Other (times)
Total (times)294.61x107.43x