Greenchef Appliances Ltd
Price Range
₹82 - ₹87
Min. Quantity
1,600
Closes on
27 June 2023
Min. investment
₹1,39,200/1,600 Shares
Greenchef Appliances Ltd IPO Timeline
Greenchef Appliances Limited was incorporated on June 18, 2010 vide Certificate of Incorporation, with the Registrar of Companies, Karnataka. Presently, the Company is engaged in manufacturing and marketing a wide range of kitchen appliances under the brand 'Greenchef', which include wide range of value for money solutions comprising of Gas Stoves, Pressure Cookers, Mixer Grinders, Wet Grinders, Electric Rice Cooker, Induction Cooktops, Non-stick cookwares like: Tawa, Fry Pan, Kadai, Biriyani Pot, Tadka Pan, Paniyarakkal, Appamchetty etc, Kettles, Hose Pipes, Gas Cylinder Trolley and Spin Mop. Further, it is also into the business of marketing appliances like: Chimney, Stainless Steel Utensils, Blenders, Vegetable Chopper, Silicon Gasket, Water Bottles, Fans, Iron etc. The major raw materials required in manufacturing activities include metals like aluminium, steel and copper.
| Event | Date |
|---|---|
| Greenchef Appliances Ltd IPO Opening Date | 23 June 2023 |
| Greenchef Appliances Ltd IPO Closing Date | 27 June 2023 |
| Basis of Allotment | 3 July 2023 |
| Initiation of Refunds | 4 July 2023 |
| Credit of Shares to Demat | 5 July 2023 |
| Greenchef Appliances Ltd IPO Listing Date | 6 July 2023 |
Greenchef Appliances Ltd IPO Details
| Greenchef Appliances Ltd IPO Date | 23 June 2023 to 27 June 2023 |
| Greenchef Appliances Ltd IPO Face Value | ₹10 per share |
| Greenchef Appliances Ltd IPO Price | ₹82 to ₹87 per share |
| Greenchef Appliances Ltd IPO Lot Size | 1,600 |
| Issue Size | Shares of ₹10 (aggregating up to ₹53.62 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹50.54 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Sukhlal Jain, Praveen Kumar Sukhlal Jain, Vikas Kumar Sukhlal Jain |
Greenchef Appliances Ltd IPO Lot Size
The Greenchef Appliances Ltd IPO lot size is 1,600 shares. A retail-individual investor can apply for up to 1 lots (1,600 shares or ₹1,39,200).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,600 | ₹1,39,200 |
| Maximum | 1 | 1,600 | ₹1,39,200 |
- Strengths
- Risks
- Opportunities
- A one stop shop for kitchen solutions with a diverse range of products across consumer preferences.
- Emerging player in some of the key verticals.
- Widespread, well connected distribution network with a presence across multiple retail channels and online e-commerce platforms and a dedicated after-sales network.
- Strong manufacturing capability with efficient backward integration.
- Consistent focus on quality.
- Experienced Promoter and management team.
Company Financials
Greenchef Appliances Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 289.77 | 331.59 | 4.83 |
| 03-2023 | 194.31 | 330.52 | 10.48 |
| 03-2022 | 175.83 | 336.92 | 0.51 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding capital expenditure towards installation of additional plant and machinery
- Funding capital expenditure towards construction of factory building
- Funding working capital requirement
- General corporate purposes
Greenchef Appliances Ltd IPO Promoter Holding
| Pre Issue Share Holding | 0.84% |
| Post Issue Share Holding | 0.62% |
Greenchef Appliances Ltd IPO Subscription Status (Bidding Detail)
The Greenchef Appliances Ltd IPO is subscribed 42.6693 times on 27 June 2023 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 42.6693 |
Greenchef Appliances Ltd IPO Prospectus
Greenchef Appliances Ltd IPO Listing Date
| Listing Date | 6 July 2023 |
| BSE Script | 78848 |
| NSE Symbol | GREENCHEF |
| Listing In | NSE - SME |
| ISIN | INE0O7P01015 |
| IPO Price | ₹87 |
| Face Value | ₹10 |
Company Contact Information
No. 477 E, IV PhasePeenya Industrial Area,Bangalore-560058
Phone: 91-80-29564495
Email: info@grenchef.in
Website: www.greenchef.in
Greenchef Appliances Ltd IPO Registrar
Greenchef Appliances Ltd IPO Lead Manager(s)
- Hem Securities Ltd
FAQ
What is the issue size of Greenchef Appliances Ltd IPO?
I have pre-applied for Greenchef Appliances Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.