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Goyal Salt IPO vs Rajgor Castor Derivatives IPO

Comparision between Goyal Salt IPO and Rajgor Castor Derivatives IPO.

IPO Details

Goyal Salt IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Rajgor Castor Derivatives IPO is a SME Book Built Issue proposed to list at NSE SME.

  Goyal Salt IPO Rajgor Castor Derivatives IPO
Logo Goyal Salt IPO Logo Rajgor Castor Derivatives IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Book Built Issue
Listing At NSE SME NSE SME
Lead Managers Holani Consultants Private Limited Beeline Capital Advisors Pvt Ltd
Registrar Bigshare Services Pvt Ltd Link Intime India Private Ltd
Market Maker Holani Consultants Private Limited Spread X Securities Private Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor 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 Rajgor Castor Derivatives IPO is up to ₹47.81 Cr. The final issue price of Goyal Salt IPO is ₹38.00 per share and of Rajgor Castor Derivatives IPO is ₹50.00 per share.

  Goyal Salt IPO Rajgor Castor Derivatives IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹36.00 per share ₹47.00 per share
Issue Price (Upper) ₹38.00 per share ₹50.00 per share
Issue Price (Final) ₹38.00 per share ₹50.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 3000 shares 3000 shares
Fresh Issue Size 49,02,000 shares 88,95,000 shares
Fresh Issue Size (Amount) up to ₹18.63 Cr up to ₹44.48 Cr
OFS Issue Size 6,66,000 shares
OFS Issue Size (Amount) up to ₹3.33 Cr
Issue Size Total 49,02,000 shares 95,61,000 shares
Issue Size Total (Amount) up to ₹18.63 Cr up to ₹47.81 Cr

IPO Timetable

Goyal Salt IPO opens on Sep 26, 2023, while Rajgor Castor Derivatives IPO opens on Oct 17, 2023. The closing date of Goyal Salt IPO and Rajgor Castor Derivatives IPO is Oct 03, 2023, and Oct 20, 2023, respectively.

  Goyal Salt IPO Rajgor Castor Derivatives IPO
Anchor Bid Date Sep 25, 2023 Oct 16, 2023
Issue Open Sep 26, 2023 Oct 17, 2023
Issue Close Oct 03, 2023 Oct 20, 2023
Basis Of Allotment (Tentative) Oct 05, 2023 Oct 26, 2023
Initiation of Refunds (Tentative) Oct 06, 2023 Oct 27, 2023
Credit of Share (Tentative) Oct 09, 2023 Oct 30, 2023
Listing date (Tentative) Oct 11, 2023 Oct 31, 2023
Anchor Lockin End date 1 Nov 04, 2023 Nov 25, 2023
Anchor Lockin End date 2 Jan 03, 2024 Jan 24, 2024

Financials

Goyal Salt IPO P/E ratio is 13.97, as compared to Rajgor Castor Derivatives IPO P/E ratio of 1.66.

  Goyal Salt IPO Rajgor Castor Derivatives IPO
Financial
Goyal Salt IPO Financial Information (Restated Standalone)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets2,745.932,733.413,000.94
Revenue6,012.966,615.0011,770.68
Profit After Tax68.1562.75353.74
Net Worth1,121.571,169.121,618.11
Reserves and Surplus921.99969.54534.92
Total Borrowing1,297.361,059.80920.11
Amount in ₹ Lakhs

Rajgor Castor Derivatives Limited Financial Information (Restated)

Rajgor Castor Derivatives Limited's revenue increased by 948.26% and profit after tax (PAT) rose by 962.41% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets9,847.957,782.643,753.422,578.482,645.34
Revenue11,276.1042,887.354,091.301,100.691,497.33
Profit After Tax192.57554.4752.19-180.18-97.02
Net Worth2,558.242,365.55201.90149.71
Reserves and Surplus2,343.542,150.97190.12137.93318.12
Total Borrowing5,178.964,450.931,809.512,286.28
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100% 100%
Promoter Shareholding (Post-Issue)
P/E Ratio 13.97 1.66
Market Cap ₹68.02 Cr. ₹119.58 Cr.
ROE 25.38%% 43.19%%
ROCE 36.22%% 22.97%%
Debt/Equity 0.57 1.88
EPS ₹2.72 ₹30.06
RoNW 21.86%% 23.44%%

Shares Offered

In the Goyal Salt IPO retail investors (RII) are offered 16,38,000 shares while in Rajgor Castor Derivatives IPO retail investors are offered 16,38,000 shares. Qualified institutional buyers (QIB) are offered 8,82,000 shares in Goyal Salt IPO and 17,22,000 shares in Rajgor Castor Derivatives IPO.

  Goyal Salt IPO Rajgor Castor Derivatives IPO
Anchor Investor Reserveration 13,17,000 shares 27,12,000 shares
Market Maker Reserveration 2,46,000 shares 5,01,000 shares
QIB 8,82,000 shares 17,22,000 shares
NII 7,29,000 shares 13,62,000 shares
RII 16,38,000 shares 31,42,000 shares
Employee 0 shares 0 shares
Others
Total 32,49,000 shares 62,26,000 shares

Bids Received (Subscription)

Goyal Salt IPO subscribed 294.61x in total, whereas Rajgor Castor Derivatives IPO subscribed 107.43x.

  Goyal Salt IPO Rajgor Castor Derivatives IPO
QIB (times) 67.20x 35.52x
NII (times) 382.45x 260.01x
Big NII (times)
Small NII (times)
RII (times) 377.97x 80.70x
Employee (times)
Other (times)
Total (times) 294.61x 107.43x

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