Greenchef Appliances IPO vs Magson IPO

Comparision between Greenchef Appliances IPO and Magson IPO.

IPO Details

Greenchef Appliances IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Magson IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Greenchef Appliances IPO	Magson IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Hem Securities Limited	Isk Advisors Pvt Ltd
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt Ltd
Market Maker	Hem Finlease Private Limited	Sunflower Broking Private 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 Greenchef Appliances IPO is up to ₹53.62 Cr whereas the issue size of the Magson IPO is up to ₹13.74 Cr. The final issue price of Greenchef Appliances IPO is ₹87.00 per share and of Magson IPO is ₹65.00 per share.

	Greenchef Appliances IPO	Magson 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	₹65.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	2000 shares
Fresh Issue Size	61,63,200 shares	21,14,000 shares
Fresh Issue Size (Amount)	up to ₹53.62 Cr	up to ₹13.74 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	61,63,200 shares	21,14,000 shares
Issue Size Total (Amount)	up to ₹53.62 Cr	up to ₹13.74 Cr

IPO Timetable

Greenchef Appliances IPO opens on Jun 23, 2023, while Magson IPO opens on Jun 23, 2023. The closing date of Greenchef Appliances IPO and Magson IPO is Jun 27, 2023, and Jun 27, 2023, respectively.

	Greenchef Appliances IPO	Magson IPO
Anchor Bid Date	Jun 22, 2023
Issue Open	Jun 23, 2023	Jun 23, 2023
Issue Close	Jun 27, 2023	Jun 27, 2023
Basis Of Allotment (Tentative)	Jul 03, 2023	Jul 03, 2023
Initiation of Refunds (Tentative)	Jul 04, 2023	Jul 04, 2023
Credit of Share (Tentative)	Jul 05, 2023	Jul 05, 2023
Listing date (Tentative)	Jul 06, 2023	Jul 06, 2023
Anchor Lockin End date 1	Aug 02, 2023	Aug 02, 2023
Anchor Lockin End date 2	Oct 01, 2023	Oct 01, 2023

Financials

Greenchef Appliances IPO P/E ratio is 14.87, as compared to Magson IPO P/E ratio of 20.25.

Greenchef Appliances IPO

Magson IPO

Financial

Greenchef Appliances Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	12,562.89	23,807.17	117.26	4,854.57	4,498.14	3,916.06
31-Mar-21	14,223.39	23,929.33	257.10	5,093.27	4,736.84	5,182.39
31-Mar-22	17,953.59	33,704.52	82.09	5,170.68	4,814.25	6,682.81
Amount in ₹ Lakhs

Magson Retail And Distribution Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	833.45	3,241.22	166.31	169.04	168.04	354.00
31-Mar-21	1,283.84	5,358.92	181.75	350.80	349.80	386.60
31-Mar-22	1,494.69	5,566.77	223.36	574.06	573.06	344.72
31-Mar-23	1,999.87	6,301.49	251.88	926.25	352.65	321.95
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

95.89%

Promoter Shareholding (Post-Issue)

73.52%

70.06%

P/E Ratio

14.87

20.25

Market Cap

₹202.47 Cr.

₹51.03 Cr.

ROE

18.19%%

ROCE

12.52%%

Debt/Equity

0.99

0.35

EPS

₹5.97

₹4.96

RoNW

16.85%%

27.19%%

Shares Offered

In the Greenchef Appliances IPO retail investors (RII) are offered 20,49,600 shares while in Magson IPO retail investors are offered 20,49,600 shares. Qualified institutional buyers (QIB) are offered 29,23,200 shares in Greenchef Appliances IPO and 0 shares in Magson IPO.

	Greenchef Appliances IPO	Magson IPO
Anchor Investor Reserveration	17,52,000 shares
Market Maker Reserveration	3,12,000 shares	1,06,000 shares
QIB	29,23,200 shares	0 shares
NII	8,78,000 shares	10,04,000 shares
RII	20,49,600 shares	10,04,000 shares
Employee	0 shares	0 shares
Others
Total	58,51,200 shares	20,08,000 shares

Bids Received (Subscription)

Greenchef Appliances IPO subscribed 44.89x in total, whereas Magson IPO subscribed 6.74x.

	Greenchef Appliances IPO	Magson IPO
QIB (times)	17.11x
NII (times)	96.01x	6.09x
Big NII (times)
Small NII (times)
RII (times)	62.63x	7.38x
Employee (times)
Other (times)
Total (times)	44.89x	6.74x

Compare with others

Greenchef Appliances IPO	Magson IPO
Synoptics Technologies IPO	AccelerateBS India IPO
Alphalogic Industries IPO	Synoptics Technologies IPO
Global Pet Industries IPO	Alphalogic Industries IPO
Tridhya Tech IPO	Global Pet Industries IPO
Magson IPO	Tridhya Tech IPO
Veefin Solutions IPO	Greenchef Appliances IPO
Pentagon Rubber IPO	Veefin Solutions IPO
Kaka Industries IPO	Pentagon Rubber IPO
Aatmaj Healthcare IPO	Kaka Industries IPO
Essen Speciality Films IPO	Aatmaj Healthcare IPO

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