Last updated on July 6, 2023
Greenchef Appliances IPO description – Incorporated in 2010, Greenchef Appliances is engaged in the business of manufacturing and marketing a wide range of kitchen appliances under the brand name Greenchef. Its kitchen appliances include a wide range of solutions comprising Gas Stoves, Pressure Cookers, Mixer Grinders, Wet Grinders, Electric Rice Cooker, Induction Cooktops, Non-stick Cookwares like: Tawa, Fry Pans, Kadai, Biriyani Pot, Tadka Pan, Paniyarakkal, Appamchetty, etc, Kettles, Hose Pipes, Gas Cylinder Trolley and Spin Mop.
The company is also engaged in the marketing of appliances like Chimneys, Stainless Steel Utensils, Blenders, Vegetable Chopper, Silicon Gaskets, Water Bottles, Fans, Iron, etc. The company sells its products through offline and online platforms such as Flipkart India Private Limited, Jiomart, Bigbasket, and Amazon Seller Services Private Limited.
It also provides after-sales services in relation to the products. These services include repairs and maintenance of sold goods and installation Services. As of 31 December 2022, the company service team comprised of 130 service technicians across 13 states. Further, it has also appointed 107 authorized service providers across 15 states.
Greenchef Appliances have three manufacturing facilities located in Bengaluru, Karnataka, and one manufacturing facility located at Parwanoo, Himachal Pradesh. The Parwanoo facility is focused on manufacturing Gas Stoves and hose pipes for which the company has also entered into a marketing agreement with oil companies like Hindustan Petroleum Corporation Limited, Indian Oil Corporation Limited, and Bharat Petroleum Corporation Limited.
As of 31 December 2022, its manufacturing facilities are well connected with five strategically located Carrying and Forwarding (C&F) agents in the state of Rajasthan Maharashtra, Uttar Pradesh, Gujarat, and Bihar. Additionally, the company has around 450 distributors in 22 states and 3 union territories of India.
Promoters of Greenchef Appliances – Sukhlal Jain, Praveen Kumar Sukhlal Jain, Vikas Kumar Sukhlal Jain, Hitesh Kumar Jain, and Vikas Kumar Sukhlal Jain HUF
Table of Contents
Greenchef Appliances IPO Details
| Greenchef Appliances IPO Dates | 23 – 27 Jun 2023 |
| Greenchef Appliances IPO Price | INR 82 – 87 per share |
| Fresh issue | 61,63,200 shares (INR 50.54 – 53.62 crores) |
| Offer For Sale | NIL |
| Total IPO size | 61,63,200 shares (INR 50.54 – 53.62 crores) |
| Minimum bid (lot size) | 1,600 shares (INR 139,200) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE SME |
Greenchef Appliances Financial Performance
| Â | FY 2020 | FY 2021 | FY 2022 | 9M FY 2023** |
| Revenue | 237.55 | 238.99 | 335.78 | 254.83 |
| Expenses | 236.75 | 235.54 | 335.88 | 242.90 |
| Net income | 1.17 | 2.57 | 0.82 | 10.22 |
**Standalone Data
Greenchef Appliances Offer News
- Greenchef Appliances RHP
- Greenchef Appliances Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Greenchef Appliances Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 0.65 | 1.47 | 0.45 |
| PE ratio | – | – | 182.22 – 193.33 |
| RONW (%) | 2.30 | 4.93 | 1.48 |
| NAV | 28.37 | 29.77 | 30.22 |
| ROCE (%) | 5.78 | 6.76 | 4.04 |
| EBITDA (%) | 2.97 | 3.59 | 2.17 |
| Debt/Equity | 0.81 | 1.02 | 1.29 |
Greenchef Appliances IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 5 July 2023 | 40 | – | 58,000 |
| 4 July 2023 | 35 | – | 55,000 |
| 3 July 2023 | 40 | – | 58,000 |
| 1 July 2023 | 40 | – | 55,000 |
| 30 June 2023 | 40 | – | 55,000 |
| 26 June 2023 | 30 | – | 47,000 |
| 24 June 2023 | 27 | – | 33,000 |
| 23 June 2023 | 25 | – | 30,000 |
| 22 June 2023 | 20 | – | 18,000 |
| 21 June 2023 | 15 | – | – |
| 20 June 2023 | 20 | – | – |
| 19 June 2023 | 20 | – | – |
Greenchef Appliances IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 1,171,200 | 1,190,400 | 2,049,600 | 4,411,200 |
| 27 Jun 2023 | 42.70 | 71.07 | 62.58 | 59.59 |
| 26 Jun 2023 | 8.00 | 4.42 | 14.13 | 9.88 |
| 23 Jun 2023 | 6.16 | 1.05 | 1.57 | 2.65 |
Greenchef Appliances IPO Allotment Status
Greenchef Appliances IPO allotment status is now available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Greenchef Appliances IPO Dates & Listing Performance
| IPO Opening Date | 23 June 2023 |
| IPO Closing Date | 27 June 2023 |
| Finalization of Basis of Allotment | 3 July 2023 |
| Initiation of refunds | 4 July 2023 |
| Transfer of shares to demat accounts | 5 July 2023 |
| IPO Listing Date | 6 July 2023 |
| Opening Price on NSE SME | INR 104 per share (up 19.54%) |
| Closing Price on NSE SME | INR 109.20 per share (up 25.52%) |
Greenchef Appliances Offer Lead Manager
HEM SECURITIES LIMITED
904, A Wing, Naman Midtown,
Senapati Bapat Marg, Elphinstone Road,
Lower Parel, Mumbai-400013, Maharashtra
Phone:Â +91- 022- 49060000
Email:Â [email protected]
Website:Â www.hemsecurities.com
Greenchef Appliances Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park,
Lal Bahadur Shastri Marg, Vikhroli (West),
Mumbai, Maharashtra, India – 400 083
Phone:Â +91-8108114949
Email:Â [email protected]
Website:Â www.linkintime.co.in
Greenchef Appliances Contact Details
GREENCHEF APPLIANCES LIMITED
No. 477 E, IV Phase, Peenya Industrial Area,
Bangalore – 560 058, Kanrataka, India
Phone: +91-80-29564495
E-mail: [email protected]
Website: www.greenchef.in
IPO FAQs
What is Greenchef Appliances IPO offer size?
Greenchef Appliances offer size is INR 50.54 – 53.62 crores.
What is the Greenchef Appliances offer price band?
Greenchef Appliances public offer price is INR 82 – 87 per share.
What is the lot size of Greenchef Appliances public offer?
Greenchef Appliances offer lot size is 1,600 shares.
What is Greenchef Appliances IPO GMP today?
Greenchef Appliances IPO GMP today is INR 40 per share.
What is Greenchef Appliances kostak rate today?
Greenchef Appliances kostak rate today is INR NA per application.
What is Greenchef Appliances Subject to Sauda rate today?
Greenchef Appliances Subject to Sauda rate today is INR 58,000 per application.
