Greenchef Appliances Limited IPO Message Board (Page 7)

No movement in GMP market.
GMP 52-54

Use of fund to be distributed in the following IPO

Greenchef
Idea
Client
Essen
Phk etc
Pl give priority of applying of above or any other if any..

1. IDEA FF
2. ESSEN/GREENCHEF
This is my preference. All 3 are good.

@imhilli why you skipped Client which is in comparison / peer with syrma sgs

Hi, how to sell in gray market ..I have 3 applications

Contact your local broker, they will be able to help you.

GMP 52-54 same as essen
Subject to 65k (sbt more than essen due to bigger lot size)

QIB on the first day ???
Surprise to see qib subscription on the first day.........

looting investor on name of hem

valution us very high

52 cr ipo on such valution
very low margin business

GMP 20-22

Greenchef Appliances

About the company?

1. 29 Years of Experience
2. 280+ SKUs
3. Experts in Kitchenware & Household appliances

About the Industry sector?

1. Barriers to entry are tough since it requires huge capital.
2. Highly competitive segment. Big names include Hawkins, Kraft Stove, etc.
3. Moreover, this is not an emerging sector in my view. The domestic CAGR from 2022-’26 is 8.7%
4. Globally, the kitchenware industry to grow 4-5% CAGR

LM & Market Maker ?

Hem Securities. The reputation of LM is very good. Most of us know the name is enough. Market Maker Hem Finlease

Well known clients?

+ Indane (Indian Oil)
+ HP Gas
+ Bharat gas
+ Tie-ups with some Government Schemes

Achievements
+ Recognition of excellence for the Best Home & Kitchen Appliances Manufacturer by Karnataka Business Awards 2022.
+ India’s Best Brand of the year Awards 2022, Organized by Berkshire Media LLC, USA. Fastest Growing Brands in FY 19-20 for category Home and Kitchen Appliances by United Research Services.
+ Asia’s Most Trusted Brand in 2021 by International Brand Consulting Corporation, USA

Price Band:
1. The issue is fully priced with 87 Rs. upper band.
2. 9M EPS Dec’22: 5.97 (From RHP) Hence, Annualized Estimated EPS: 7.96
3. PE with current price band: 10.92 (With best case super earnings, ~14/15)
4. Slightly high valuation

Direct Competitors (From RHP.) PE: (As on 22/06/23 today)

1. Hawkins Cookers: 35.6
2. TTK Prestige: 39.68
3. Stove Krafts: 41.10
4. Butterfly Gandhimathi: 40.4

My views: (I will apply)
1. Considering the QIB quota is available.
2. 100% fresh issue
3. Reputation of LM is great
4. A recent huge spike in last year's revenue.

Disclaimer: These are all completely my views and not a recommendation to apply/not apply. Good luck everyone!

Thanks ABHISHSHEK for your wishes...and same to you...for Greenchef Dear GOOD LUCK 🙏.

Big 0 in all bHNI & Retails. Good luck to the allottees.

Hi If one lost heavily in GMP market. What happens if someone defaults ? how they recover money?

No recvry

Selling pressure on counter after Spectrum listing..

When will kaka come

Bhai abhi itne sare ipo ek saath aa gye h
Acha hi h na agar kaka kuch din baad aaye
Jldi kya h

@Admin @ Chittorgarh.com plz add financials for H1FY23.
Thanks.

Subject to selling currently at 23000/- effect of 4 issues together and quality of SME

This may do well
Listing may be moderate but post that action possible

Greenchef - 20/- Share(22%)

Slowly slowly sub2 rates coming down

Greenchef Sub2 - 27000/- @ 12:10pm # 21 June #

Greenchef sub to 27,000/- Buying!!

Now 30,000/- buying!!

Grey down from 30k s2 to 22k s2 negative sign even after hem is there

ST 22000/-

RAJKOT