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Greenchef Appliances IPO vs Veefin Solutions IPO

Comparison between Greenchef Appliances IPO and Veefin Solutions IPO.

IPO Details

Greenchef Appliances IPO is a SME Fixed Price IPO proposed to list at NSE SME while Veefin Solutions IPO is a SME Fixed Price proposed to list at BSE SME.

 Greenchef Appliances IPOVeefin Solutions IPO
LogoGreenchef Appliances IPO LogoVeefin Solutions IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersHem Securities Ltd.Shreni Shares Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerHem Finlease Pvt.Ltd.Shreni Shares Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor 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 Veefin Solutions IPO is up to ₹44.37 Cr. The final issue price of Greenchef Appliances IPO is ₹87.00 per share and of Veefin Solutions IPO is ₹82.00 per share.

 Greenchef Appliances IPOVeefin Solutions 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₹82.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1600 shares1600 shares
Fresh Issue Size58,51,200 shares25,61,600 shares
Fresh Issue Size (Amount)up to ₹50.91 Crup to ₹21.01 Cr
OFS Issue Size0 shares28,49,600 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹23.37 Cr
Issue Size Total58,51,200 shares54,11,200 shares
Issue Size Total (Amount)up to ₹50.91 Crup to ₹44.37 Cr

IPO Timetable

Greenchef Appliances IPO opens on Jun 23, 2023, while Veefin Solutions IPO opens on Jun 22, 2023. The closing date of Greenchef Appliances IPO and Veefin Solutions IPO is Jun 27, 2023, and Jun 26, 2023, respectively.

 Greenchef Appliances IPOVeefin Solutions IPO
Anchor Bid DateJun 22, 2023
Issue OpenJun 23, 2023Jun 22, 2023
Issue CloseJun 27, 2023Jun 26, 2023
Basis Of Allotment (Tentative)Jul 03, 2023Jun 30, 2023
Initiation of Refunds (Tentative)Jul 04, 2023Jul 03, 2023
Credit of Share (Tentative)Jul 05, 2023Jul 04, 2023
Listing date (Tentative)Jul 06, 2023Jul 05, 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 Veefin Solutions IPO P/E ratio of 41.41.

 Greenchef Appliances IPOVeefin Solutions IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Mar 202231 Mar 202131 Mar 2020
Assets179.54142.23125.63
Total Income337.05239.29238.07
Profit After Tax0.822.571.17
NET Worth51.7150.9348.55
Reserves and Surplus48.1447.3744.98
Total Borrowing66.8351.8239.16
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Jan 202331 Mar 2022
Assets48.2216.08
Total Income12.626.55
Profit After Tax3.500.70
NET Worth42.939.25
Reserves and Surplus24.599.24
Total Borrowing0.513.46
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%56.26%
Promoter Shareholding (Post-Issue)73.52%39.84%
P/E Ratio14.8741.41
Market Cap₹202.47 Cr.₹173.74 Cr.
ROE18.1913.42
ROCE12.5211.32
Debt/Equity0.990.01
EPS₹5.97₹0.48
RoNW16.857.57

Shares Offered

In the Greenchef Appliances IPO Retail Individual Investors (RII) are offered 20,49,600 shares while in Veefin Solutions IPO retail investors are offered 20,49,600 shares. Qualified Institutional Buyers (QIB) are offered 11,71,200 shares in Greenchef Appliances IPO and 0 shares in Veefin Solutions IPO.

 Greenchef Appliances IPOVeefin Solutions IPO
Anchor Investor Reservation17,52,000 shares0 shares
Market Maker Reservation3,12,000 shares2,88,000 shares
QIB11,71,200 shares0 shares
NII8,78,400 shares27,05,600 shares
RII20,49,600 shares27,05,600 shares
Employee0 shares
Total58,51,200 shares54,11,200 shares

Bids Received (Subscription)

Greenchef Appliances IPO subscribed 44.89x in total, whereas Veefin Solutions IPO subscribed 2.45x.

 Greenchef Appliances IPOVeefin Solutions IPO
QIB (times)42.70x
NII (times)95.96x3.26x
RII (times)62.63x1.65x
Total (times)44.89x2.45x

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Greenchef Appliances IPO Vs Veefin Solutions IPO