Greenchef Appliances Limited IPO (Greenchef Appliances IPO)

Greenchef Appliances Limited IPO
Upcoming Greenchef Appliances IPO | New Greenchef Appliances IPO

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

Greenchef Appliances IPO – Details

IPO Opening Date23 June 2023
IPO Closing Date27 June 2023
Issue TypeBook Built Issue IPO
Issue Size61,63,200 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 Lot1600 Shares
Min Order1600 Shares (1 Lot)
Listing AtNSE SME
RegisterLink Intime India Private Limited
QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Greenchef Appliances IPO – Date Schedule

IPO Open Date23 June 2023
IPO Close Date27 June 2023
Basis of Allotment03 July 2023
Initiation of Refund04 July 2023
Credit of Shares to Demat Account05 July 2023
IPO Listing Date06 July 2023

Greenchef Appliances IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)116001,39,200
Retail (Maximum)116001,39,200
HNI (Minimum)232002,78,400

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.
Greenchef Appliances IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After Tax
31 March 2020238.07236.751.17
31 March 2021239.29235.532.57
31 March 2022337.04335.880.82
31 December 2022256.33242.8910.21
Amount in ₹ Crore

Greenchef Appliances IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding73.52%

Greenchef Appliances IPO Prospectus

Company Contact Information

Greenchef Appliances Limited

No. 477 E, IV Phase, Peenya Industrial
Area, Bangalore – 560 058, Kanrataka,

Phone: +91-80-29564495

Greenchef Appliances Registrar

Link Intime India Private Limited

Phone: +91 810 811 4949

Greenchef Appliances IPO Lead Manager(s)

1. Hem Securities Limited

Greenchef Appliances IPO FAQs

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.
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