Goyal Salt IPO vs Mangalam Alloys IPO

Comparision between Goyal Salt IPO and Mangalam Alloys IPO.

IPO Details

Goyal Salt IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Mangalam Alloys IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Goyal Salt IPO	Mangalam Alloys IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Holani Consultants Private Limited	Expert Global Consultants Private Limited
Registrar	Bigshare Services Pvt Ltd	Skyline Financial Services Private Ltd
Market Maker	Holani Consultants Private Limited	Rikhav Securities 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 Goyal Salt IPO is up to ₹18.63 Cr whereas the issue size of the Mangalam Alloys IPO is up to ₹54.91 Cr. The final issue price of Goyal Salt IPO is ₹38.00 per share and of Mangalam Alloys IPO is ₹80.00 per share.

	Goyal Salt IPO	Mangalam Alloys 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	₹80.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1600 shares
Fresh Issue Size	49,02,000 shares	61,26,400 shares
Fresh Issue Size (Amount)	up to ₹18.63 Cr	up to ₹49.01 Cr
OFS Issue Size		7,37,600 shares
OFS Issue Size (Amount)		up to ₹5.90 Cr
Issue Size Total	49,02,000 shares	68,64,000 shares
Issue Size Total (Amount)	up to ₹18.63 Cr	up to ₹54.91 Cr

IPO Timetable

Goyal Salt IPO opens on Sep 26, 2023, while Mangalam Alloys IPO opens on Sep 21, 2023. The closing date of Goyal Salt IPO and Mangalam Alloys IPO is Oct 03, 2023, and Sep 25, 2023, respectively.

	Goyal Salt IPO	Mangalam Alloys IPO
Anchor Bid Date	Sep 25, 2023
Issue Open	Sep 26, 2023	Sep 21, 2023
Issue Close	Oct 03, 2023	Sep 25, 2023
Basis Of Allotment (Tentative)	Oct 05, 2023	Sep 02, 2023
Initiation of Refunds (Tentative)	Oct 06, 2023	Oct 02, 2023
Credit of Share (Tentative)	Oct 09, 2023	Oct 03, 2023
Listing date (Tentative)	Oct 11, 2023	Oct 04, 2023
Anchor Lockin End date 1	Nov 04, 2023	Oct 02, 2023
Anchor Lockin End date 2	Jan 03, 2024	Dec 01, 2023

Financials

Goyal Salt IPO P/E ratio is 13.97, as compared to Mangalam Alloys IPO P/E ratio of 14.65.

Goyal Salt IPO

Mangalam Alloys IPO

Financial

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

Mangalam Alloys IPO Financial Information (Restated Standalone)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	31,210.81	30,066.96	33,201.81
Revenue	27,190.68	30,973.94	30,817.92
Profit After Tax	-653.69	505.08	1,013.52
Net Worth	6,390.37	6,895.35	7,903.11
Reserves and Surplus	4,534.42	5,039.40	6,047.16
Total Borrowing	16,769.66	16,361.81	15,353.27

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

81.17%

Promoter Shareholding (Post-Issue)

59.74%

P/E Ratio

13.97

14.65

Market Cap

₹68.02 Cr.

₹197.49 Cr.

ROE

25.38%%

12.82%

ROCE

36.22%%

20.92%

Debt/Equity

0.57

1.94

EPS

₹2.72

₹5.46

RoNW

21.86%%

13.70%%

Shares Offered

In the Goyal Salt IPO retail investors (RII) are offered 16,38,000 shares while in Mangalam Alloys IPO retail investors are offered 16,38,000 shares. Qualified institutional buyers (QIB) are offered 8,82,000 shares in Goyal Salt IPO and 0 shares in Mangalam Alloys IPO.

	Goyal Salt IPO	Mangalam Alloys IPO
Anchor Investor Reserveration	13,17,000 shares
Market Maker Reserveration	2,46,000 shares	3,44,000 shares
QIB	8,82,000 shares	0 shares
NII	7,29,000 shares	32,59,200 shares
RII	16,38,000 shares	32,60,800 shares
Employee	0 shares	0 shares
Others
Total	32,49,000 shares	65,20,000 shares

Bids Received (Subscription)

Goyal Salt IPO subscribed 294.61x in total, whereas Mangalam Alloys IPO subscribed 5.57x.

	Goyal Salt IPO	Mangalam Alloys IPO
QIB (times)	67.20x
NII (times)	382.45x	2.41x
Big NII (times)
Small NII (times)
RII (times)	377.97x	8.73x
Employee (times)
Other (times)
Total (times)	294.61x	5.57x

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Mangalam Alloys IPO	Holmarc Opto-Mechatronics IPO

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