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Greenchef Appliances IPO vs Synoptics Technologies IPO

Comparison between Greenchef Appliances IPO and Synoptics Technologies IPO.

IPO Details

Greenchef Appliances IPO is a SME Fixed Price IPO proposed to list at NSE SME while Synoptics Technologies IPO is a SME Fixed Price proposed to list at NSE SME.

 Greenchef Appliances IPOSynoptics Technologies IPO
LogoGreenchef Appliances IPO LogoSynoptics Technologies IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersHem Securities Ltd.First Overseas Capital Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerHem Finlease Pvt.Ltd.NNM Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Greenchef Appliances IPO is up to ₹50.91 Cr whereas the issue size of the Synoptics Technologies IPO is up to ₹51.33 Cr. The final issue price of Greenchef Appliances IPO is ₹87.00 per share and of Synoptics Technologies IPO is ₹237.00 per share.

 Greenchef Appliances IPOSynoptics Technologies IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹82.00 per share
Issue Price (Upper)₹87.00 per share
Issue Price (Final)₹87.00 per share₹237.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares600 shares
Fresh Issue Size58,51,200 shares13,66,000 shares
Fresh Issue Size (Amount)up to ₹50.91 Crup to ₹32.37 Cr
OFS Issue Size0 shares8,00,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹18.96 Cr
Issue Size Total58,51,200 shares21,66,000 shares
Issue Size Total (Amount)up to ₹50.91 Crup to ₹51.33 Cr

IPO Timetable

Greenchef Appliances IPO opens on Jun 23, 2023, while Synoptics Technologies IPO opens on Jun 30, 2023. The closing date of Greenchef Appliances IPO and Synoptics Technologies IPO is Jun 27, 2023, and Jul 05, 2023, respectively.

 Greenchef Appliances IPOSynoptics Technologies IPO
Anchor Bid DateJun 22, 2023
Issue OpenJun 23, 2023Jun 30, 2023
Issue CloseJun 27, 2023Jul 05, 2023
Basis Of Allotment (Tentative)Jul 03, 2023Jul 10, 2023
Initiation of Refunds (Tentative)Jul 04, 2023Jul 11, 2023
Credit of Share (Tentative)Jul 05, 2023Jul 12, 2023
Listing date (Tentative)Jul 06, 2023Jul 13, 2023
Anchor Lockin End date 1Aug 02, 2023
Anchor Lockin End date 2Oct 01, 2023

Financials & KPIs

Greenchef Appliances IPO P/E ratio is 14.87, as compared to Synoptics Technologies IPO P/E ratio of 25.32.

 Greenchef Appliances IPOSynoptics Technologies IPO
Financials
Greenchef Appliances Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-2012,562.8923,807.17117.264,854.574,498.143,916.06
31-Mar-2114,223.3923,929.33257.105,093.274,736.845,182.39
31-Mar-2217,953.5933,704.5282.095,170.684,814.256,682.81
Amount in ₹ Lakhs
Synoptics Technologies Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-203,326.202,211.43182.061,208.47508.471,290.16
31-Mar-213,759.783,479.91236.021,444.49744.491,194.71
31-Mar-224,279.805,097.07432.361,876.851,176.851,410.03
31-Dec-225,379.953,446.81525.362,402.211,702.211,959.06
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100.00100.00
Promoter Shareholding (Post-Issue)73.5273.11
P/E Ratio14.8725.32
Market Cap₹202.47 Cr.₹200.98 Cr.
ROE18.19%21.87%
ROCE12.52%19.16%
Debt/Equity0.990.82
EPS₹5.97₹4.65
RoNW16.85%19.48%

Shares Offered

In the Greenchef Appliances IPO Retail Individual Investors (RII) are offered 20,49,600 shares while in Synoptics Technologies IPO retail investors are offered 20,49,600 shares. Qualified Institutional Buyers (QIB) are offered 11,71,200 shares in Greenchef Appliances IPO and in Synoptics Technologies IPO.

 Greenchef Appliances IPOSynoptics Technologies IPO
Anchor Investor Reserveration17,52,000 shares
Market Maker Reserveration3,12,000 shares1,14,000 shares
QIB11,71,200 shares
NII8,78,400 shares10,83,000 shares
RII20,49,600 shares10,83,000 shares
Employee
Others
Total58,51,200 shares21,66,000 shares

Bids Received (Subscription)

Greenchef Appliances IPO subscribed 44.89x in total, whereas Synoptics Technologies IPO subscribed 2.66x.

 Greenchef Appliances IPOSynoptics Technologies IPO
QIB (times)17.11x
NII (times)96.01x2.58x
Big NII (times)
Small NII (times)
RII (times)62.63x2.54x
Employee (times)
Other (times)
Total (times)44.89x2.66x