Goyal Salt IPO vs Organic Recycling Systems IPO

Comparision between Goyal Salt IPO and Organic Recycling Systems IPO.

IPO Details

Goyal Salt IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Organic Recycling Systems IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Goyal Salt IPO	Organic Recycling Systems IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Holani Consultants Private Limited	Arihant Capital Markets Ltd
Registrar	Bigshare Services Pvt Ltd	Maashitla Securities Private Limited
Market Maker	Holani Consultants Private Limited	Arihant Capital Markets 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 Organic Recycling Systems IPO is up to ₹50.00 Cr. The final issue price of Goyal Salt IPO is ₹38.00 per share and of Organic Recycling Systems IPO is ₹200.00 per share.

	Goyal Salt IPO	Organic Recycling Systems 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	₹200.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	600 shares
Fresh Issue Size	49,02,000 shares	25,00,200 shares
Fresh Issue Size (Amount)	up to ₹18.63 Cr	up to ₹50.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	49,02,000 shares	25,00,200 shares
Issue Size Total (Amount)	up to ₹18.63 Cr	up to ₹50.00 Cr

IPO Timetable

Goyal Salt IPO opens on Sep 26, 2023, while Organic Recycling Systems IPO opens on Sep 21, 2023. The closing date of Goyal Salt IPO and Organic Recycling Systems IPO is Oct 03, 2023, and Sep 26, 2023, respectively.

	Goyal Salt IPO	Organic Recycling Systems IPO
Anchor Bid Date	Sep 25, 2023
Issue Open	Sep 26, 2023	Sep 21, 2023
Issue Close	Oct 03, 2023	Sep 26, 2023
Basis Of Allotment (Tentative)	Oct 05, 2023	Sep 29, 2023
Initiation of Refunds (Tentative)	Oct 06, 2023	Oct 03, 2023
Credit of Share (Tentative)	Oct 09, 2023	Oct 04, 2023
Listing date (Tentative)	Oct 11, 2023	Oct 06, 2023
Anchor Lockin End date 1	Nov 04, 2023	Oct 29, 2023
Anchor Lockin End date 2	Jan 03, 2024	Dec 28, 2023

Financials

Goyal Salt IPO P/E ratio is 13.97, as compared to Organic Recycling Systems IPO P/E ratio of 25.54.

Goyal Salt IPO

Organic Recycling Systems 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

Organic Recycling Systems IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	10,272.69	10,669.35	11,931.10
Revenue	1,578.18	1,756.67	2,534.10
Profit After Tax	-449.37	-535.03	365.38
Net Worth	1,343.88	808.86	2,550.07
Reserves and Surplus	1,298.11	763.08	2,014.40
Total Borrowing	5,449.89	5,418.38	6,981.41

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

30.14%

Promoter Shareholding (Post-Issue)

20.35%

P/E Ratio

13.97

25.54

Market Cap

₹68.02 Cr.

₹153.99 Cr.

ROE

25.38%%

21.76%%

ROCE

36.22%%

13.06%%

Debt/Equity

0.57

2.7

EPS

₹2.72

₹7.83

RoNW

21.86%%

14.33%%

Shares Offered

In the Goyal Salt IPO retail investors (RII) are offered 16,38,000 shares while in Organic Recycling Systems 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 Organic Recycling Systems IPO.

	Goyal Salt IPO	Organic Recycling Systems IPO
Anchor Investor Reserveration	13,17,000 shares
Market Maker Reserveration	2,46,000 shares	1,30,200 shares
QIB	8,82,000 shares	0 shares
NII	7,29,000 shares	11,85,000 shares
RII	16,38,000 shares	11,85,000 shares
Employee	0 shares	0 shares
Others
Total	32,49,000 shares	23,70,000 shares

Bids Received (Subscription)

Goyal Salt IPO subscribed 294.61x in total, whereas Organic Recycling Systems IPO subscribed 3.24x.

	Goyal Salt IPO	Organic Recycling Systems IPO
QIB (times)	67.20x
NII (times)	382.45x	4.28x
Big NII (times)
Small NII (times)
RII (times)	377.97x	2.21x
Employee (times)
Other (times)
Total (times)	294.61x	3.24x

Compare with others

Goyal Salt IPO	Organic Recycling Systems IPO
E Factor Experiences IPO	Arabian Petroleum IPO
Rajgor Castor Derivatives IPO	Newjaisa Technologies IPO
Arabian Petroleum IPO	Inspire Films IPO
Newjaisa Technologies IPO	Goyal Salt IPO
Inspire Films IPO	Saakshi Medtech and Panels IPO
Saakshi Medtech and Panels IPO	Sunita Tools IPO
Organic Recycling Systems IPO	Marco Cables & Conductors IPO
Sunita Tools IPO	Mangalam Alloys IPO
Marco Cables & Conductors IPO	Master Components IPO
Mangalam Alloys IPO	Techknowgreen Solutions IPO

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