Greenchef Appliances Limited is engaged in the business of manufacturing and marketing of wide range of kitchen appliances under the brand name of Greenchef.
Company’s kitchen appliances include wide range of 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.
Greenchef Appliances is also engaged in marketing of appliances like: Chimney, Stainless Steel Utensils, Blenders, Vegetable Chopper, Silicon Gasket, Water Bottles, Fans, Iron etc.
These products are also sold on online platforms like Flipkart India Private Limited, Jiomart, Bigbasket and Amazon Seller Services Private Limited.
Greenchef Appliances manufacture the majority of core products like: railing pipe, mixing tube, brass burner required in Gas Stoves, weight valve and vent tube required in pressure cookers, mixi motor and jars required in Mixer Grinders etc.
As of December 31, 2022 company’s service team comprised of 130 service technicians across 13 states. Further Greenchef Appliances has also appointed 107 authorized service providers across 15 states.
The company has three manufacturing facilities located at Bengaluru, Karnataka and one manufacturing facility located at Parwanoo, Himachal Pradesh. Greenchef Appliances manufacturing facilities are accredited with ISO 9001:2015 for quality management system.
The company has received the below mentioned prestigious awards are:
- 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.
Greenchef Appliances IPO – Details
| IPO Opening Date | 23 June 2023 |
| IPO Closing Date | 27 June 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 61,63,200 Shares Worth ₹53.62 Crore Fresh Issue: 61,63,200 Shares Worth ₹53.62 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹82 – ₹87 |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Link Intime India Private Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Greenchef Appliances IPO – Date Schedule
| IPO Open Date | 23 June 2023 |
| IPO Close Date | 27 June 2023 |
| Basis of Allotment | 03 July 2023 |
| Initiation of Refund | 04 July 2023 |
| Credit of Shares to Demat Account | 05 July 2023 |
| IPO Listing Date | 06 July 2023 |
Greenchef Appliances IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1600 | 1,39,200 |
| Retail (Maximum) | 1 | 1600 | 1,39,200 |
| HNI (Minimum) | 2 | 3200 | 2,78,400 |
Competitive Strengths
- 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 ecommerce platforms and a dedicated after-sales network.
- Strong manufacturing capability with efficient backward integration.
- Consistent focus on quality.
- Experienced Promoter and management team.
Company Promoters
- Sukhlal Jain
- Praveen Kumar Sukhlal Jain
- Vikas Kumar Sukhlal Jain
- Hitesh Kumar Jain
- Vikas Kumar Sukhlal Jain HUF
Object Of The Issue
- Funding Capital Expenditure towards installation of additional plant and machinery.
- Funding Capital Expenditure towards construction of factory building.
- Funding of working capital requirement.
- General Corporate Purpose.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2020 | 238.07 | 236.75 | 1.17 |
| 31 March 2021 | 239.29 | 235.53 | 2.57 |
| 31 March 2022 | 337.04 | 335.88 | 0.82 |
| 31 December 2022 | 256.33 | 242.89 | 10.21 |
Greenchef Appliances IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.52% |
Greenchef Appliances IPO Prospectus
Company Contact Information
| Greenchef Appliances Limited No. 477 E, IV Phase, Peenya Industrial Area, Bangalore – 560 058, Kanrataka, India. Phone: +91-80-29564495 Email: info@greenchef.in Website: www.greenchef.in |
Greenchef Appliances Registrar
| Link Intime India Private Limited Phone: +91 810 811 4949 Email: greenchef.ipo@linkintime.co.in Website: www.linkintime.co.in |
Greenchef Appliances IPO Lead Manager(s)
| 1. Hem Securities Limited |
Greenchef Appliances IPO FAQs
| What is Greenchef Appliances IPO? Greenchef Appliances IPO is a SME IPO. The issue is priced at ₹82 – ₹87 per equity share. The IPO is to be listed on NSE SME. |
| When Greenchef Appliances IPO will open? The IPO is to open on 23 June 2023 for QIB, NII and Retail Investors. |
| How to Greenchef Appliances IPO? You can apply Greenchef Appliances IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Greenchef Appliances IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Greenchef Appliances”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Greenchef Appliances IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Greenchef Appliances”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Greenchef Appliances IPO Size? Greenchef Appliances IPO size is ₹53.62 crores. |
| What is Greenchef Appliances IPO Price Band? Greenchef Appliances IPO Price Band is ₹82 – ₹87. |
| What is Greenchef Appliances IPO Minimum and Maximum Lot Size? The minimum bid is 1600 Shares with ₹1,39,200 amount while the maximum bid is 1600 shares with ₹1,39,200. |
| What is the Greenchef Appliances IPO Allotment Date? Greenchef Appliances IPO allotment date is 03 July 2023. |
| What is the Greenchef Appliances IPO Listing Date? Greenchef Appliances IPO listing date is 06 July 2023. The IPO is to list on NSE SME. |
