Goyal Salt IPO vs Marco Cables & Conductors IPO

Comparision between Goyal Salt IPO and Marco Cables & Conductors IPO.

IPO Details

Goyal Salt IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Marco Cables & Conductors IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Goyal Salt IPO	Marco Cables & Conductors 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	Shreni Shares Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Holani Consultants Private Limited	Shreni Shares 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 Marco Cables & Conductors IPO is up to ₹18.73 Cr. The final issue price of Goyal Salt IPO is ₹38.00 per share and of Marco Cables & Conductors IPO is ₹36.00 per share.

	Goyal Salt IPO	Marco Cables & Conductors 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	₹36.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	3000 shares
Fresh Issue Size	49,02,000 shares	26,01,000 shares
Fresh Issue Size (Amount)	up to ₹18.63 Cr	up to ₹9.36 Cr
OFS Issue Size		26,01,000 shares
OFS Issue Size (Amount)		up to ₹9.36 Cr
Issue Size Total	49,02,000 shares	52,02,000 shares
Issue Size Total (Amount)	up to ₹18.63 Cr	up to ₹18.73 Cr

IPO Timetable

Goyal Salt IPO opens on Sep 26, 2023, while Marco Cables & Conductors IPO opens on Sep 21, 2023. The closing date of Goyal Salt IPO and Marco Cables & Conductors IPO is Oct 03, 2023, and Sep 25, 2023, respectively.

	Goyal Salt IPO	Marco Cables & Conductors 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 28, 2023
Initiation of Refunds (Tentative)	Oct 06, 2023	Sep 29, 2023
Credit of Share (Tentative)	Oct 09, 2023	Oct 03, 2023
Listing date (Tentative)	Oct 11, 2023	Sep 28, 2023
Anchor Lockin End date 1	Nov 04, 2023	Oct 28, 2023
Anchor Lockin End date 2	Jan 03, 2024	Dec 27, 2023

Financials

Goyal Salt IPO P/E ratio is 13.97, as compared to Marco Cables & Conductors IPO P/E ratio of 20.22.

Goyal Salt IPO

Marco Cables & Conductors 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

Marco Cables & Conductors IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	5,658.84	5,954.62	6,993.44
Revenue	4,282.91	5,665.31	5,693.72
Profit After Tax	12.25	33.49	280.71
Net Worth	911.25	944.75	1,560.86
Reserves and Surplus	621.84	655.34	1,238.90
Total Borrowing	3,522.22	3,665.19	3,757.73

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

100.00%

Promoter Shareholding (Post-Issue)

72.18%

P/E Ratio

13.97

20.22

Market Cap

₹68.02 Cr.

₹67.32 Cr.

ROE

25.38%%

22.41%%

ROCE

36.22%%

16.93%%

Debt/Equity

0.57

2.41

EPS

₹2.72

₹1.78

RoNW

21.86%%

17.98%%

Shares Offered

In the Goyal Salt IPO retail investors (RII) are offered 16,38,000 shares while in Marco Cables & Conductors 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 Marco Cables & Conductors IPO.

	Goyal Salt IPO	Marco Cables & Conductors IPO
Anchor Investor Reserveration	13,17,000 shares
Market Maker Reserveration	2,46,000 shares	2,88,000 shares
QIB	8,82,000 shares	0 shares
NII	7,29,000 shares	24,57,000 shares
RII	16,38,000 shares	24,57,000 shares
Employee	0 shares	0 shares
Others
Total	32,49,000 shares	49,14,000 shares

Bids Received (Subscription)

Goyal Salt IPO subscribed 294.61x in total, whereas Marco Cables & Conductors IPO subscribed 30.90x.

	Goyal Salt IPO	Marco Cables & Conductors IPO
QIB (times)	67.20x
NII (times)	382.45x	24.36x
Big NII (times)
Small NII (times)
RII (times)	377.97x	35.24x
Employee (times)
Other (times)
Total (times)	294.61x	30.90x

Compare with others

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Rajgor Castor Derivatives IPO	Goyal Salt IPO
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Saakshi Medtech and Panels IPO	Mangalam Alloys IPO
Organic Recycling Systems IPO	Master Components IPO
Sunita Tools IPO	Techknowgreen Solutions IPO
Marco Cables & Conductors IPO	Hi-Green Carbon IPO
Mangalam Alloys IPO	Kody Technolab IPO

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