Greenchef Appliances IPO vs Tridhya Tech IPO

Comparision between Greenchef Appliances IPO and Tridhya Tech IPO.

IPO Details

Greenchef Appliances IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Tridhya Tech IPO is a SME Book Built Issue proposed to list at NSE SME.

	Greenchef Appliances IPO	Tridhya Tech 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	Hem Securities Limited	Interactive Financial Services Ltd
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker	Hem Finlease Private Limited	Econo Broking 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 Greenchef Appliances IPO is up to ₹53.62 Cr whereas the issue size of the Tridhya Tech IPO is up to ₹26.41 Cr. The final issue price of Greenchef Appliances IPO is ₹87.00 per share and of Tridhya Tech IPO is ₹42.00 per share.

	Greenchef Appliances IPO	Tridhya Tech IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹82.00 per share	₹35.00 per share
Issue Price (Upper)	₹87.00 per share	₹42.00 per share
Issue Price (Final)	₹87.00 per share	₹42.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	3000 shares
Fresh Issue Size	61,63,200 shares	62,88,000 shares
Fresh Issue Size (Amount)	up to ₹53.62 Cr	up to ₹26.41 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	61,63,200 shares	62,88,000 shares
Issue Size Total (Amount)	up to ₹53.62 Cr	up to ₹26.41 Cr

IPO Timetable

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

	Greenchef Appliances IPO	Tridhya Tech IPO
Anchor Bid Date	Jun 22, 2023	Jun 27, 2023
Issue Open	Jun 23, 2023	Jun 30, 2023
Issue Close	Jun 27, 2023	Jul 05, 2023
Basis Of Allotment (Tentative)	Jul 03, 2023	Jul 10, 2023
Initiation of Refunds (Tentative)	Jul 04, 2023	Jul 11, 2023
Credit of Share (Tentative)	Jul 05, 2023	Jul 12, 2023
Listing date (Tentative)	Jul 06, 2023	Jul 13, 2023
Anchor Lockin End date 1	Aug 02, 2023	Aug 09, 2023
Anchor Lockin End date 2	Oct 01, 2023	Oct 08, 2023

Financials

Greenchef Appliances IPO P/E ratio is 14.87, as compared to Tridhya Tech IPO P/E ratio of 26.09.

Greenchef Appliances IPO

Tridhya Tech 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

Tridhya Tech Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-22	2,548.77	1,407.48	339.46	1,457.98	1,309.84	705.46
31-Dec-22	5,969.66	1,507.92	284.97	2,030.66	1,860.35	3,090.04
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

80.8%

Promoter Shareholding (Post-Issue)

73.52%

58.98%

P/E Ratio

14.87

26.09

Market Cap

₹202.47 Cr.

₹97.81 Cr.

ROE

18.19%%

2.85%%

ROCE

12.52%%

9.69%%

Debt/Equity

0.99

1.23

EPS

₹5.97

₹44.44

RoNW

16.85%%

65.52%%

Shares Offered

In the Greenchef Appliances IPO retail investors (RII) are offered 20,49,600 shares while in Tridhya Tech IPO retail investors are offered 20,49,600 shares. Qualified institutional buyers (QIB) are offered 29,23,200 shares in Greenchef Appliances IPO and 15,54,000 shares in Tridhya Tech IPO.

	Greenchef Appliances IPO	Tridhya Tech IPO
Anchor Investor Reserveration	17,52,000 shares	14,31,000 shares
Market Maker Reserveration	3,12,000 shares	3,15,000 shares
QIB	29,23,200 shares	15,54,000 shares
NII	8,78,000 shares	8,97,450 shares
RII	20,49,600 shares	20,90,550 shares
Employee	0 shares	0 shares
Others
Total	58,51,200 shares	45,42,000 shares

Bids Received (Subscription)

Greenchef Appliances IPO subscribed 44.89x in total, whereas Tridhya Tech IPO subscribed 72.38x.

	Greenchef Appliances IPO	Tridhya Tech IPO
QIB (times)	17.11x	15.62x
NII (times)	96.01x	181.72x
Big NII (times)
Small NII (times)
RII (times)	62.63x	67.62x
Employee (times)
Other (times)
Total (times)	44.89x	72.38x

Compare with others

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

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