1. Home
  2. SME IPO
  3. Greenchef Appliances Ltd IPO
Greenchef ipo

Greenchef Appliances IPO

  • Status: Closed
  • ₹ 131,200 / 1600 shares

    Minimum Investment

IPO Details

  • Open Date

    23 Jun 2023

  • Close Date

    27 Jun 2023

  • IPO Price Range

    ₹ 82 to ₹ 87

  • IPO Size

    ₹ 53.62 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    06 Jul 2023

With just a few clicks, Invest in IPO's!

+91
Resend OTP

By proceeding, you agree to all T&C*

hero_form
Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Greenchef Appliances IPO Subscription Status

Last Updated: 03 January 2024 8:57 PM by 5Paisa

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.

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

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


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.
 

Will You Apply for Greenchef Appliances IPO?

Yes No Maybe

Open Free Demat Account

Be a part of 5paisa community - The first listed discount broker of India.

+91
footer_form

FAQs

The minimum lot size of Greenchef Appliances IPO is 1600 shares.

The price band of Greenchef Appliances IPO is Rs.82-Rs.87 per share. 

The Greenchef Appliances IPO opens on June 23, 2023 and closes on June 27, 2023. 

The Greenchef Appliances IPO comprises a total issue of 6,163,200 shares (aggregating up to ₹53.62 Cr)

The allotment date of Greenchef Appliances IPO is 3rd July 2023.

The listing date of Greenchef Appliances IPO is 6th July 2023. 

Hem Securities Ltd  is the book runner 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.

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