Greenchef Appliances IPO
Listing Details
- Listing Exchange NSE SME
- Listing Date 06-Jul-23
- IPO Price Range ₹ 82 to ₹ 87
- Listing Price ₹ 104
- Listing Change 19.5%
- Last Traded Price ₹ 118.75
- Current Change 36.5%
Greenchef IPO Details
- Open Date 23-Jun-23
- Close Date 27-Jun-23
- Lot Size 1600
- IPO Size ₹ 53.62 Cr
- IPO Price Range ₹ 82 to ₹ 87
- Min Investment ₹ 131,200
- Listing Exchange NSE SME
- Basis of Allotment 03-Jul-23
- Refunds 04-Jul-23
- Credit to Demat Account 05-Jul-23
- Listing Date 06-Jul-23
Greenchef Appliances IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 23-Jun-23 | 2.47 | 1.07 | 1.62 | 1.96 |
| 26-Jun-23 | 3.21 | 5.64 | 14.23 | 7.43 |
| 27-Jun-23 | 17.11 | 95.99 | 61.76 | 44.59 |
Greenchef IPO Synopsis
Greenchef Appliances Limited is engaged in the business of manufacturing and marketing kitchen appliances under the brand name Greenchef its IPO opens on 23rd June and closes on 27th June.
The issue consists of a total issue of 6,163,200 shares (aggregating up to ₹53.62 Cr). The price band for the issue is fixed at Rs. 82 to Rs. 87 per share. The lot size is set for 1600 shares per lot. The shares will be allotted on 3rd July and the issue will be listed on the 6th July on the stock exchanges.
The book-running lead manager to the offer is Isk Advisors Pvt Ltd
Objectives of Greenchef Appliances IPO:
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
1. Funding Capital Expenditure towards the installation of additional plant and machinery, and the construction of the factory building,
2. Funding of working capital requirement, and
3. General Corporate Purpose.
About Greenchef Appliances
Greenchef Appliances Limited is engaged in the business of manufacturing and marketing kitchen appliances under the brand name Greenchef.
Greenchef's kitchen appliances include 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, Kettles, Hose Pipes, Gas Cylinder Trolley and Spin Mop, 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.
Peer Comparison:
● TTK Prestige Ltd
● Hawkins Cookers Ltd
● Stove Kraft Ltd
● Butterfly Gandhimathi Appliances Ltd
For More Information:
Webstory on Greenchef Appliances IPO
Greenchef Appliances IPO GMP
Greenchef Appliances Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Revenue | 33,578.47 | 23899.10 | 23754.52 |
| EBITDA | 728.60 | 858.34 | 699.99 |
| PAT | 76.54 | 251.34 | 111.77 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Total Assets | 17,953.59 | 14,223.39 | 12562.89 |
| Share Capital | 356.43 | 356.43 | 356.43 |
| Total Borrowings | 6682.81 | 5182.39 | 3916.06 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 375.90 | -549.01 | -69.32 |
| Net cash from / (used in) investing activities | -1294.78 | -186.74 | -224.71 |
| Net cash flow from / (used in) financing activities | 952.80 | 819.40 | 325.94 |
| Net increase (decrease) in cash and cash equivalents | 33.92 | 83.65 | 31.91 |
Peer Comparison
There are no listed companies in India that engage in a business similar to that of this company
Greenchef IPO Key Points
-
Strengths
a) A one-stop shop for kitchen solutions with a diverse range of products across consumer preferences
b) Widespread, well-connected distribution network with a presence across multiple retail channels and online e-commerce
platforms and a dedicated after-sales network.
c) Strong manufacturing capability with efficient backward integration
-
Risks
1. The company operates in highly competitive markets, and the scale and resources of some of the competitors may allow them to compete more effectively than it can, which could result in a loss of market share and a decrease in net revenues and profitability.
2. The company’s future success depends on its ability to promote its brand and protect its reputation. The failure to establish and promote its brand and any damage to its reputation will hinder the company’s growth.
3. If the company fail to successfully develop and commercialize new products, services, and technologies that are well received by consumers in a timely manner, its operating results may be materially and adversely affected.
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
Open account in 5 minutes
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Please keep below documents handy:
- PAN Card
- Aadhar Card
- Bank Account Number
Greenchef IPO FAQs
What is the minimum lot size of Greenchef Appliances IPO?
The minimum lot size of Greenchef Appliances IPO is 1600 shares.
What is the price band of Greenchef Appliances IPO?
The price band of Greenchef Appliances IPO is Rs.82-Rs.87 per share.
When does the Greenchef Appliances Limited issue open and close?
The Greenchef Appliances IPO opens on June 23, 2023 and closes on June 27, 2023.
What is the size of the Greenchef Appliances IPO ?
The Greenchef Appliances IPO comprises a total issue of 6,163,200 shares (aggregating up to ₹53.62 Cr)
What is the allotment date of Greenchef Appliances IPO?
The allotment date of Greenchef Appliances IPO is 3rd July 2023.
What is the Greenchef Appliances IPO listing date?
The listing date of Greenchef Appliances IPO is 6th July 2023.
Who is the book runners for Greenchef Appliances IPO?
Hem Securities Ltd is the book runner of Greenchef Appliances IPO.
What is the objective of Greenchef Appliances?
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
1. Funding Capital Expenditure towards the installation of additional plant and machinery, and the construction of the factory building,
2. Funding of working capital requirement, and
3. General Corporate Purpose.
How to apply for the Greenchef Appliances IPO?
To apply for the Greenchef Appliances IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and price at which you wish to apply for
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
● You will receive a mandate notification to block funds in your UPI app
Contact Details of Greenchef Appliances IPO
Contact Information
Greenchef Appliances Limited
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 Register
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: greenchef.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Greenchef Appliances IPO Lead Manager
Hem Securities Limited