Goyal Salt IPO vs Saakshi Medtech and Panels IPO

Comparision between Goyal Salt IPO and Saakshi Medtech and Panels IPO.

IPO Details

Goyal Salt IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Saakshi Medtech and Panels IPO is a SME Book Built Issue proposed to list at NSE SME.

	Goyal Salt IPO	Saakshi Medtech and Panels 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	Hem Securities Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Holani Consultants Private Limited	Hem Finlease 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 Saakshi Medtech and Panels IPO is up to ₹45.16 Cr. The final issue price of Goyal Salt IPO is ₹38.00 per share and of Saakshi Medtech and Panels IPO is ₹97.00 per share.

	Goyal Salt IPO	Saakshi Medtech and Panels IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹36.00 per share	₹92.00 per share
Issue Price (Upper)	₹38.00 per share	₹97.00 per share
Issue Price (Final)	₹38.00 per share	₹97.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1200 shares
Fresh Issue Size	49,02,000 shares	46,56,000 shares
Fresh Issue Size (Amount)	up to ₹18.63 Cr	up to ₹45.16 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	49,02,000 shares	46,56,000 shares
Issue Size Total (Amount)	up to ₹18.63 Cr	up to ₹45.16 Cr

IPO Timetable

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

	Goyal Salt IPO	Saakshi Medtech and Panels IPO
Anchor Bid Date	Sep 25, 2023	Sep 22, 2023
Issue Open	Sep 26, 2023	Sep 25, 2023
Issue Close	Oct 03, 2023	Sep 27, 2023
Basis Of Allotment (Tentative)	Oct 05, 2023	Oct 03, 2023
Initiation of Refunds (Tentative)	Oct 06, 2023	Oct 04, 2023
Credit of Share (Tentative)	Oct 09, 2023	Oct 05, 2023
Listing date (Tentative)	Oct 11, 2023	Oct 03, 2023
Anchor Lockin End date 1	Nov 04, 2023	Nov 02, 2023
Anchor Lockin End date 2	Jan 03, 2024	Jan 01, 2024

Financials

Goyal Salt IPO P/E ratio is 13.97, as compared to Saakshi Medtech and Panels IPO P/E ratio of 10.18.

Goyal Salt IPO

Saakshi Medtech and Panels 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

Saakshi Medtech and Panels IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	5,591.50	6,521.91	9,324.22
Revenue	6,022.17	9,169.35	12,220.19
Profit After Tax	220.08	937.59	1,238.30
Net Worth	2,048.17	2,985.77	4,224.07
Reserves and Surplus	1,788.17	2,725.77	3,964.07
Total Borrowing	2,199.44	1,635.78	2,007.45

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

100.00%

Promoter Shareholding (Post-Issue)

73.63%

P/E Ratio

13.97

10.18

Market Cap

₹68.02 Cr.

₹171.26 Cr.

ROE

25.38%%

34.35%%

ROCE

36.22%%

28.57%%

Debt/Equity

0.57

0.48

EPS

₹2.72

₹9.53

RoNW

21.86%%

29.32%%

Shares Offered

In the Goyal Salt IPO retail investors (RII) are offered 16,38,000 shares while in Saakshi Medtech and Panels IPO retail investors are offered 16,38,000 shares. Qualified institutional buyers (QIB) are offered 8,82,000 shares in Goyal Salt IPO and 8,84,400 shares in Saakshi Medtech and Panels IPO.

	Goyal Salt IPO	Saakshi Medtech and Panels IPO
Anchor Investor Reserveration	13,17,000 shares	13,24,800 shares
Market Maker Reserveration	2,46,000 shares	2,35,200 shares
QIB	8,82,000 shares	8,84,400 shares
NII	7,29,000 shares	6,63,600 shares
RII	16,38,000 shares	15,48,000 shares
Employee	0 shares	0 shares
Others
Total	32,49,000 shares	30,96,000 shares

Bids Received (Subscription)

Goyal Salt IPO subscribed 294.61x in total, whereas Saakshi Medtech and Panels IPO subscribed 91.65x.

	Goyal Salt IPO	Saakshi Medtech and Panels IPO
QIB (times)	67.20x	37.35x
NII (times)	382.45x	200.78x
Big NII (times)
Small NII (times)
RII (times)	377.97x	75.88x
Employee (times)
Other (times)
Total (times)	294.61x	91.65x

Compare with others

Goyal Salt IPO	Saakshi Medtech and Panels IPO
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Newjaisa Technologies IPO	Inspire Films IPO
Inspire Films IPO	Goyal Salt IPO
Saakshi Medtech and Panels IPO	Organic Recycling Systems IPO
Organic Recycling Systems IPO	Sunita Tools IPO
Sunita Tools IPO	Marco Cables & Conductors IPO
Marco Cables & Conductors IPO	Mangalam Alloys IPO
Mangalam Alloys IPO	Master Components IPO

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