Greenchef Appliances IPO: How to check Allotment Status

The ₹53.62 crore of Greenchef Appliances IPO consists entirely of a fresh issue of shares to the public of the said number of shares. The company has issued a total of 61,63,200 shares at a price band of ₹82 to ₹87 per share aggregating to total issue size of ₹53.62 crore when calculated at the upper limit of the price band at ₹87. The break-down of the offer reservation across different categories of investors is as under.

The response of Greenchef Appliances IPO was extremely gratifying and it was subscribed 44.88X overall at the close of bidding on 27th June 2023 with the retail segment seeing 62.58 times subscription and the non-retail HNI / NII portion seeing 96.01 times subscription. The QIB portion got subscribed just about 17.11 times. The table below captures the overall allocation of shares with the oversubscription details as of the close of the IPO on 27th June 2023.

The basis of allotment will be finalized on Monday, 03rd July 2023, the refunds will be initiated on 04th July 2023, demat credits will be finalized on 05th July, while the stock of Greenchef Appliances Ltd will get listed on the NSE SME IPO segment on 06th July 2023. The company had a pre-IPO promoter holding of 100% and post the IPO, the promoter stake in Greenchef Appliances Ltd will stand reduced to 73.52%.

How to check the allotment status. Since this is an NSE SME IPO, there is no facility to check on the exchange website and BSE only offers allotment status mainboard IPOs and for BSE SME IPOs. If you have applied for the IPO, you can either check your allotment status on the website or the on the website of the IPO registrar, Link Intime India Private Limited. Here are the steps that you need to follow to check allotment status.

Checking the allotment status of Greenchef Appliances Ltd on Link Intime India Private Limited (Registrar to the IPO)

Visit the Link Intime registrar website for IPO status by clicking on the link below:

https://linkintime.co.in/IPO/public-issues.html

This dropdown will only show the active IPOs, so once the allotment status is finalized, you can select Greenchef Appliances Ltd from the drop-down box. In the case of Greenchef Appliances Ltd, data access will be allowed late on 03rd of July 2023 or by middle of 04th of July 2023.

• There are 4 options available to you and you will find these 4 options on the above access page itself. You can either access the allotment status based on PAN or Application Number or DPID / Client ID combination or based on the combination of the bank account / IFSC code used to apply for the IPO. You can select any one of the options that is preferred and provide the details accordingly.
   
• If you opt for the PAN Number access, then enter the 10 character income tax permanent account number (PAN). This is an alphanumeric code available either on your PAN card or on top of your income tax return.
   
• The second option is to use the Application Number that you used while making an application for the IPO. The application number is available on the acknowledgement provided to you and you can use that as one of the options to access allotment status.
   
• The third option is to use the DPID-Client ID combination. Remember that here you have to enter the DP id and the demat client id together as one single string. This DPID / Client ID combination is a numeric figure for CDSL demat accounts while it is an alphanumeric string for NSDL demat accounts. This combination of DP ID / Client ID of your demat account will be available in your demat statement or you can also get it online from your online trading account or trading app downloaded on the smart phone.
   
• The fourth option is to query based on the combination of your bank account number and IFSC number and irrespective of how many bank accounts you have, only use the bank account used for this particular IPO application. Once you click on this option, you find two boxes. First, enter your bank account number as it is. Secondly, enter the 11-character IFSC code, which is available on your cheque book. The first 4 characters of the IFSC code are alphabets and the last 7 characters are numeric. IFSC is an abbreviation for Indian Financial System Code and is unique to each account.
   
• Finally, click on the Search button and await the output on the screen in front of you.

The IPO status with number of shares of Greenchef Appliances Ltd allotted will be displayed on the screen in front of you. You can take a screenshot of the output page for your records.

Greenchef Appliances Ltd, is an SME IPO on the NSE which opened for subscription on 23rd June 2023. The company was incorporated in the year 2010 and is currently engaged in the business of manufacturing of kitchen appliances under the brand name of Greenchef. Its range of products are fairly wide and elaborate and includes gas stoves, pressure cookers, mixer grinders, wet grinders, rice cookers, induction cooktop, and a whole range of non-stock cookware including pans, pots, and kettles.

Greenchef Appliances Ltd sells its products through offline outlets and also online through popular internet platforms like Flipkart, JioMart, Big Basket and Amazon in the online space. Apart from selling products, the company also provides its customers after-sales services including installation, repairs, maintenance, annual contracts etc. It sells its products offline through a network of 107 authorized dealers who are located in 15 different states of India. The company has 3 manufacturing facilities in Karnataka and one in Himachal Pradesh.