Arabian Petroleum IPO vs Goyal Salt IPO

Comparision between Arabian Petroleum IPO and Goyal Salt IPO.

IPO Details

Arabian Petroleum IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Goyal Salt IPO is a SME Book Built Issue proposed to list at NSE SME.

	Arabian Petroleum IPO	Goyal Salt IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Hem Securities Limited	Holani Consultants Private Limited
Registrar	Purva Sharegistry India Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Hem Finlease Private Limited	Holani Consultants Private Limited
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 Arabian Petroleum IPO is up to ₹20.24 Cr whereas the issue size of the Goyal Salt IPO is up to ₹18.63 Cr. The final issue price of Arabian Petroleum IPO is ₹70.00 per share and of Goyal Salt IPO is ₹38.00 per share.

	Arabian Petroleum IPO	Goyal Salt 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)	₹70.00 per share	₹38.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	3000 shares
Fresh Issue Size	28,92,000 shares	49,02,000 shares
Fresh Issue Size (Amount)	up to ₹20.24 Cr	up to ₹18.63 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	28,92,000 shares	49,02,000 shares
Issue Size Total (Amount)	up to ₹20.24 Cr	up to ₹18.63 Cr

IPO Timetable

Arabian Petroleum IPO opens on Sep 25, 2023, while Goyal Salt IPO opens on Sep 26, 2023. The closing date of Arabian Petroleum IPO and Goyal Salt IPO is Sep 27, 2023, and Oct 03, 2023, respectively.

	Arabian Petroleum IPO	Goyal Salt IPO
Anchor Bid Date		Sep 25, 2023
Issue Open	Sep 25, 2023	Sep 26, 2023
Issue Close	Sep 27, 2023	Oct 03, 2023
Basis Of Allotment (Tentative)	Oct 04, 2023	Oct 05, 2023
Initiation of Refunds (Tentative)	Oct 05, 2023	Oct 06, 2023
Credit of Share (Tentative)	Oct 06, 2023	Oct 09, 2023
Listing date (Tentative)	Oct 09, 2023	Oct 11, 2023
Anchor Lockin End date 1	Nov 03, 2023	Nov 04, 2023
Anchor Lockin End date 2	Jan 02, 2024	Jan 03, 2024

Financials

Arabian Petroleum IPO P/E ratio is 11.51, as compared to Goyal Salt IPO P/E ratio of 13.97.

Arabian Petroleum IPO

Goyal Salt IPO

Financial

Arabian Petroleum IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	5,031.88	7,134.94	7,650.88
Revenue	11,024.54	19,159.10	24,394.68
Profit After Tax	287.54	414.34	486.48
Net Worth	1,301.98	1,716.32	2,202.80
Reserves and Surplus	1,101.98	1,516.32	1,402.80
Total Borrowing	2,197.75	2,948.97	3,830.66

Amount in ₹ Lakhs

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
Revenue	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

Promoter Shareholding (Pre-Issue)

100.00%

100%

Promoter Shareholding (Post-Issue)

73.45%

P/E Ratio

11.51

13.97

Market Cap

₹76.24 Cr.

₹68.02 Cr.

ROE

22.08%%

25.38%%

ROCE

32.47%%

36.22%%

Debt/Equity

1.75

0.57

EPS

₹6.08

₹2.72

RoNW

22.08%%

21.86%%

Shares Offered

In the Arabian Petroleum IPO retail investors (RII) are offered 13,72,000 shares while in Goyal Salt IPO retail investors are offered 13,72,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Arabian Petroleum IPO and 8,82,000 shares in Goyal Salt IPO.

	Arabian Petroleum IPO	Goyal Salt IPO
Anchor Investor Reserveration		13,17,000 shares
Market Maker Reserveration	1,48,000 shares	2,46,000 shares
QIB	0 shares	8,82,000 shares
NII	13,72,000 shares	7,29,000 shares
RII	13,72,000 shares	16,38,000 shares
Employee	0 shares	0 shares
Others
Total	27,44,000 shares	32,49,000 shares

Bids Received (Subscription)

Arabian Petroleum IPO subscribed 19.91x in total, whereas Goyal Salt IPO subscribed 294.61x.

	Arabian Petroleum IPO	Goyal Salt IPO
QIB (times)		67.20x
NII (times)	15.72x	382.45x
Big NII (times)
Small NII (times)
RII (times)	23.19x	377.97x
Employee (times)
Other (times)
Total (times)	19.91x	294.61x

Compare with others

Arabian Petroleum IPO	Goyal Salt IPO
Sharp Chucks And Machines IPO	E Factor Experiences IPO
Kontor Space IPO	Rajgor Castor Derivatives IPO
Vishnusurya Projects and Infra IPO	Arabian Petroleum IPO
E Factor Experiences IPO	Newjaisa Technologies IPO
Rajgor Castor Derivatives IPO	Inspire Films IPO
Newjaisa Technologies IPO	Saakshi Medtech and Panels IPO
Inspire Films IPO	Organic Recycling Systems IPO
Goyal Salt IPO	Sunita Tools IPO
Saakshi Medtech and Panels IPO	Marco Cables & Conductors IPO
Organic Recycling Systems IPO	Mangalam Alloys IPO

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