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Goyal Salt IPO vs Sunita Tools IPO

Comparison between Goyal Salt IPO and Sunita Tools IPO.

IPO Details

Goyal Salt IPO is a SME Fixed Price IPO proposed to list at NSE SME while Sunita Tools IPO is a SME Fixed Price proposed to list at BSE SME.

 Goyal Salt IPOSunita Tools IPO
LogoGoyal Salt IPO LogoSunita Tools IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersHolani Consultants Pvt.Ltd.Aryaman Financial Services Ltd.
RegistrarBigshare Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerHolani Consultants Pvt.Ltd.SS Corporate Securities 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 Sunita Tools IPO is up to ₹20.91 Cr. The final issue price of Goyal Salt IPO is ₹38.00 per share and of Sunita Tools IPO is ₹145.00 per share.

 Goyal Salt IPOSunita Tools 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₹145.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹0.00 per share
Market Lot Size3000 shares1000 shares
Fresh Issue Size46,56,000 shares12,42,000 shares
Fresh Issue Size (Amount)up to ₹17.69 Crup to ₹18.01 Cr
OFS Issue Size0 shares2,00,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹2.90 Cr
Issue Size Total46,56,000 shares14,42,000 shares
Issue Size Total (Amount)up to ₹17.69 Crup to ₹20.91 Cr

IPO Timetable

Goyal Salt IPO opens on Sep 26, 2023, while Sunita Tools IPO opens on Sep 26, 2023. The closing date of Goyal Salt IPO and Sunita Tools IPO is Oct 03, 2023, and Oct 03, 2023, respectively.

 Goyal Salt IPOSunita Tools IPO
Anchor Bid DateSep 25, 2023
Issue OpenSep 26, 2023Sep 26, 2023
Issue CloseOct 03, 2023Oct 03, 2023
Basis Of Allotment (Tentative)Oct 05, 2023Oct 04, 2023
Initiation of Refunds (Tentative)Oct 06, 2023Oct 05, 2023
Credit of Share (Tentative)Oct 09, 2023Oct 06, 2023
Listing date (Tentative)Oct 11, 2023Oct 11, 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 Sunita Tools IPO P/E ratio of 16.88.

 Goyal Salt IPOSunita Tools 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
Assets25.3814.2313.52
Total Income14.178.896.92
Profit After Tax3.380.810.27
NET Worth3.21-2.67-3.48
Reserves and Surplus-1.10-4.48-5.29
Total Borrowing16.6012.4913.35
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100100.00
Promoter Shareholding (Post-Issue)72.97
P/E Ratio13.9716.88
Market Cap₹68.02 Cr.₹81.56 Cr.
ROE25.38%1259
ROCE36.22%36.76
Debt/Equity0.575.17
EPS₹2.72₹13.96
RoNW21.86%105.31

Shares Offered

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

 Goyal Salt IPOSunita Tools IPO
Anchor Investor Reservation13,17,000 shares
Market Maker Reservation2,46,000 shares78,000 shares
QIB8,82,000 shares
NII7,29,000 shares7,21,000 shares
RII16,38,000 shares7,21,000 shares
Employee90,000 shares
Others
Total46,56,000 shares14,42,000 shares

Bids Received (Subscription)

Goyal Salt IPO subscribed 294.61x in total, whereas Sunita Tools IPO subscribed 13.24x.

 Goyal Salt IPOSunita Tools IPO
QIB (times)67.20x
NII (times)382.45x5.27x
Big NII (times)
Small NII (times)
RII (times)377.97x21.10x
Employee (times)
Other (times)
Total (times)294.61x13.24x

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Goyal Salt IPO Vs Sunita Tools IPO