Established in 2010, Greenchef Appliances Limited is a renowned manufacturer and marketer of kitchen appliances under the brand name Greenchef.
The extensive range of kitchen appliances offered by Greenchef includes Gas Stoves, Pressure Cookers, Mixer Grinders, Wet Grinders, Electric Rice Cookers, Induction Cooktops, Non-stick Cookware such as Tawas, Fry Pans, Kadais, Biriyani Pots, Tadka Pans, Paniyarakkal, Appamchettys, Kettles, Hose Pipes, Gas Cylinder Trolleys, and Spin Mops, among others.
The company distributes its products through both offline and online platforms, collaborating with established names such as Flipkart India Private Limited, Jiomart, Bigbasket, and Amazon Seller Services Private Limited.
In addition to product manufacturing and marketing, Greenchef Appliances also places emphasis on providing comprehensive after-sales services. These services encompass repairs, maintenance, and installation support. As of December 31, 2022, the company boasts a service team comprising 130 technicians operating across 13 states. Furthermore, Greenchef has appointed 107 authorized service providers across 15 states.
With three manufacturing facilities located in Bengaluru, Karnataka, and an additional manufacturing facility in Parwanoo, Himachal Pradesh, Greenchef Appliances ensures efficient production and distribution of its products. The Parwanoo facility specializes in manufacturing Gas Stoves and hose pipes, and the company has entered into marketing agreements with prominent oil companies such as Hindustan Petroleum Corporation Limited, Indian Oil Corporation Limited, and Bharat Petroleum Corporation Limited.
To optimize distribution, Greenchef has established strategic partnerships with five Carrying and Forwarding (C&F) agents in Rajasthan, Maharashtra, Uttar Pradesh, Gujarat, and Bihar. Moreover, the company has an extensive network of approximately 450 distributors spanning 22 states and 3 union territories in India as of December 31, 2022.
It continues to meet the evolving needs of consumers, delivering high-quality kitchen appliances while providing excellent customer service throughout India.
Greenchef Appliances Limited Stock Quote #
- Open: ₹108.95
- High – Low: ₹108.95 – ₹102.00
- Previous Close: ₹107.15
- Total Traded Value: 1,79,200
- Updated On: Jul 18, 2023 4:00 PM
Greenchef Appliances Limited IPO Details #
| IPO Date | Jun 23, 2023 to Jun 27, 2023 |
| Listing Date | Jul 6, 2023 |
| Face Value | ₹10 per share |
| Price | ₹82 to ₹87 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 6,163,200 shares (aggregating up to ₹53.62 Cr) |
| Fresh Issue | 6,163,200 shares (aggregating up to ₹53.62 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 17,108,640 |
| Share holding post issue | 23,271,840 |
| Market Maker portion | 312,000 shares Hem Finlease |
Greenchef Appliances Limited IPO Reservation #
| Anchor Investor Shares Offered | 1,752,000 (22.13%) |
| Market Maker Shares Offered | 312,000 (3.94%) |
| QIB Shares Offered | 2,923,200 (36.93%) |
| NII (HNI) Shares Offered | 878,000 (11.09%) |
| Retail Shares Offered | 2,049,600 (25.89%) |
| Total Shares Offered | 7,915,200 (100%) |
Greenchef Appliances Limited IPO Timetable (Tentative) #
Greenchef Appliances IPO opens on Jun 23, 2023, and closes on Jun 27, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Friday, 23 June 2023 |
| Closing Date | Tuesday, 27 June 2023 |
| Basis of Allotment | Monday, 3 July 2023 |
| Initiation of Refunds | Tuesday, 4 July 2023 |
| Credit of Shares to Demat | Wednesday, 5 July 2023 |
| Listing Date | Thursday, 6 July 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jun 27, 2023 |
Greenchef Appliances IPO Lot Size #
The Greenchef Appliances IPO lot size is 1600 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹139,200 |
| Retail (Max) | 1 | 1600 | ₹139,200 |
| HNI (Min) | 2 | 3,200 | ₹278,400 |
| Lot Size Calculator | |||
Greenchef Appliances IPO Promoter Holding #
Mr. Sukhlal Jain, Mr. Praveen Kumar Sukhlal Jain, Mr. Vikas Kumar Sukhlal Jain, Mr. Hitesh Kumar Jain, and Mr. Vikas Kumar Sukhlal Jain HUF are the company promoters.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.52% |
Company Financials #
| 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 | ||||||
Key Performance Indicator #
| KPI | Values |
|---|---|
| P/E (x) | 14.87 |
| Market Cap (₹ Cr.) | 202.47 |
| ROE | 18.19% |
| ROCE | 12.52% |
| Debt/Equity | 0.99 |
| EPS (Rs) | 5.97 |
| RoNW | 16.85% |
Objects of the Issue #
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Funding Capital Expenditure towards the installation of additional plant and machinery, and the construction of the factory building,
- Funding of working capital requirement, and
- General Corporate Purpose.
Greenchef Appliances IPO Subscription Status (Bidding Detail) #
The Greenchef Appliances IPO is subscribed 44.89 times on Jun 27, 2023 7:29:00 PM. The public issue subscribed 62.63 times in the retail category, 17.11 times in the QIB category, and 96.01 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 17.11 |
| NII | 96.01 |
| Retail | 62.63 |
| Total | 44.89 |
Total Application : 80,230 (62.63 times)
Greenchef Appliances IPO Prospectus #
- Greenchef Appliances IPO DRHP
- Greenchef Appliances IPO RHP
- Anchor Investors in Greenchef Appliances IPO
Greenchef Appliances IPO Listing Details #
| Listing Date | Jul 6, 2023 |
| BSE Script Code | |
| NSE Symbol | GREENCHEF |
| ISIN | INE0O7P01015 |
| Final Issue Price | ₹87 per share |
Listing Day Trading Information #
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹87.00 |
| ₹104.00 |
| ₹104.00 |
| ₹109.20 |
| ₹109.20 |
Company Contact Information
No. 477 E, IV Phase,
Peenya Industrial Area,
Bangalore – 560 058
Phone: +91-80-29564495
Email: info@greenchef.in
Website: https://www.greenchef.in/
Greenchef Appliances IPO Registrar #
Phone: +91-22-4918 6270
Email: greenchef.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
Greenchef Appliances IPO Lead Manager(s) #
Frequently Asked Questions #
What is Greenchef Appliances Limited and what products do they manufacture? #
Greenchef Appliances Limited is a company incorporated in 2010, engaged in the manufacturing and marketing of kitchen appliances under the brand name Greenchef. Their product range includes Gas Stoves, Pressure Cookers, Mixer Grinders, Wet Grinders, Electric Rice Cookers, Induction Cooktops, Non-stick Cookware, Kettles, Hose Pipes, Gas Cylinder Trolleys, and Spin Mops, among others.
Where can I buy Greenchef Appliances’ products? #
Greenchef Appliances products are available for purchase both offline and online. They are sold through various platforms, including Flipkart India Private Limited, Jiomart, Bigbasket, and Amazon Seller Services Private Limited.
When is the Greenchef Appliances IPO scheduled to take place? #
The Greenchef Appliances IPO is scheduled to be open for public subscription from June 23, 2023, to June 27, 2023.
What is the price range and lot size for the Greenchef Appliances IPO? #
The price range for the Greenchef Appliances IPO shares is set at ₹82 to ₹87 per share. The lot size for the IPO is 1600 shares per lot.
What is the total issue size and type of IPO for Greenchef Appliances? #
The Greenchef Appliances IPO has a total issue size of 6,163,200 shares, aggregating up to ₹53.62 Crores.
When will the shares be listed after the Greenchef Appliances IPO? #
The listing date for the Greenchef Appliances IPO shares is set for July 6, 2023, on the NSE SME platform.
How can I apply for the Greenchef Appliances IPO and what is the minimum investment required? #
Investors can bid for 1,600 shares in 1 lot during the IPO subscription period. The minimum investment required for the IPO is ₹131,200.
Who is the book-running lead manager and registrar for the Greenchef Appliances IPO? #
HEM Securities is the book-running lead manager for the Greenchef Appliances IPO, and Link Intime India is the registrar.
Please note that the information provided here is based on the available data and may be subject to change.
