Greenchef IPO Details ( Greenchef Appliances Limited IPO Review )
(23 Jun 2023 – 27 Jun 2023)
Established in 2010, Greenchef Appliances Limited is a company that specializes in manufacturing and promoting kitchen appliances under the brand name Greenchef.
The range of kitchen appliances offered by Greenchef includes Gas Stoves, Pressure Cookers, Mixer Grinders, Wet Grinders, Electric Rice Cookers, Induction Cooktops, Non-stick Cookware such as Tawa, Fry Pan, Kadai, Biriyani Pot, Tadka Pan, Paniyarakkal, Appamchetty, Kettles, Hose Pipes, Gas Cylinder Trolleys, and Spin Mops, among others.
Greenchef distributes its products through both offline and online channels, including Flipkart India Private Limited, Jiomart, Bigbasket, and Amazon Seller Services Private Limited.
The company also provides comprehensive after-sales services, encompassing repairs, maintenance, and installation of its sold goods. As of December 31, 2022, Greenchef’s service team comprises 130 skilled technicians operating in 13 states. Additionally, the company has appointed 107 authorized service providers in 15 states.
Greenchef Appliances operates three manufacturing facilities in Bengaluru, Karnataka, and another facility in Parwanoo, Himachal Pradesh. The Parwanoo facility specializes in producing Gas Stoves and hose pipes. Furthermore, the company has entered into marketing agreements with prominent oil companies such as Hindustan Petroleum Corporation Limited, Indian Oil Corporation Limited, and Bharat Petroleum Corporation Limited.
As of December 31, 2022, the manufacturing facilities are well-connected with five strategically located Carrying and Forwarding (C&F) agents in the states of Rajasthan, Maharashtra, Uttar Pradesh, Gujarat, and Bihar. Moreover, Greenchef has approximately 450 distributors operating in 22 states and 3 union territories of India as of the same date.
Greenchef Appliances Limited Company Product
- Gas Stoves
- Pressure Cooker
- Mixer Grinder
- Wet Grinder
- Electric Rice Cooker
- Induction Cooktop
- Non-stick Cookwares
- Kettle
- Others
Greenchef Appliances Limited IPO Competitive Strength
- 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 e-commerce platforms and a dedicated after-sales network.
- Strong manufacturing capability with efficient backward integration
- Consistent focus on quality
- Experienced Promoter and management team
Greenchef IPO Financials Performance ( Results )
Greenchef Appliances Limited Financial Information ( Restated Consolidated ) ( Standalone )
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-20 | 12,562.89 | 23,807.17 | 117.26 | 0.65 | 4,854.57 | 28.37 | 4,498.14 | 3,916.06 |
| 31-Mar-21 | 14,223.39 | 23,929.33 | 257.10 | 1.47 | 5,093.27 | 29.77 | 4,736.84 | 5,182.39 |
| 31-Mar-22 | 17,953.59 | 33,704.52 | 82.09 | 0.45 | 5,170.68 | 30.22 | 4,814.25 | 6,682.81 |
| 31-Dec-22 | 20,329.62 | 25,482.78 | 1021.55 | 5.97 | 6,062.39 | 35.43 | – | – |
Objective of IPO Issue
- Funding Capital Expenditure towards the installation of additional plant and machinery, and the construction of the factory building
- Funding of working capital requirement
- General Corporate Purpose.
Greenchef Appliances IPO Basic Details
| IPO Date | Jun 23, 2023 to Jun 27, 2023 |
| Listing Date | Thursday, July 06, 2023 |
| Face Value | ₹10 per share |
| Price | ₹82 to ₹87 per share |
| Lot Size | 1600 Shares |
| Issue Size | 6,163,200 shares (aggregating up to ₹53.62 Cr) |
| Fresh Issue | 6,163,200 shares (aggregating up to ₹53.62 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 17,108,640 |
| Share holding post issue | 23,271,840 |
| Company Promoters | Sukhlal Jain, Praveen Kumar Sukhlal Jain, Vikas Kumar Sukhlal Jain, Hitesh Kumar Jain and Vikas Kumar Sukhlal Jain HUF |
Greenchef Appliances IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
Greenchef IPO Timetable
Greenchef IPO will open on June 23, 2023 and close on June 27, 2023. You can join Greenchef IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 23 June 2023 (Friday) |
| Closing Date | 27 June 2023 (Tuesday) |
| Basis of Allotment | 3 July 2023 (Monday) |
| Initiation of Refunds | 4 July 2023 (Tuesday) |
| Credit of Shares to Demat | 5 July 2023 (Wednesday) |
| Listing Date | 6 July 2023 (Thursday) |
Greenchef Appliances IPO Lot Size
For retail investors in Greenchef Appliances IPO, 1600 shares will come in 1 lot or the minimum investment will be ₹139,200. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹139,200.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1600 | ₹139,200 |
| Retail (Max) | 1 | 1600 | ₹139,200 |
| S-HNI (Min) | 2 | 3200 | ₹278,400 |
Greenchef Appliances IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.52% |
Greenchef Appliances IPO Valuation – FY2022
| Earning Per Share (EPS) | ₹0.45 per Equity Share |
| Price/Earning P/E Ratio | 263.64 |
| Return on Net Worth (RoNW) | 2.77% |
| Net Asset Value (NAV) | ₹30.22 per Equity Share |
| Upper Price/Book Value (Price/BV) Ratio | 2.46 |
Greenchef Appliances Ltd Key Performance Indicator
| KPI | Values |
| Market Cap (₹ Cr.) | 148.84 |
| P/E (x) | 263.64 |
| ROE (%) | 1.49% |
| ROCE (%) | 4.04% |
| Debt/Equity | 1.29 |
Greenchef Appliances Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | CPM (₹) | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | Book Value (₹) |
| Greenchef Appliances Limited | Consolidated | – | 10 | 0.45 | 263.64 | 1.48% | 30.22 |
| Peer Group | |||||||
| TTK Prestige Limited | Consolidated | 720.25 | 1 | 21.99 | 32.75 | 18.89% | 124.79 |
| Hawkins Cookers Limited | Consolidated | 6140.10 | 10 | 158.64 | 38.70 | 43.00% | 403.21 |
| Stove Kraft Limited | Consolidated | 385.25 | 10 | 17.21 | 34.95 | 16.86% | 110.75 |
| Butterfly Gandhimathi Appliances Limited | Consolidated | 1252.00 | 10 | 9.02 | 138.80 | 7.03% | 131.44 |
Greenchef Appliances IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 3 July 2023 | ₹38 | – | – |
| 2 July 2023 | ₹38 | – | – |
| 1 July 2023 | ₹40 | – | – |
| 30 June 2023 | ₹42 | – | – |
| 29 June 2023 | ₹42 | – | – |
| 28 June 2023 | ₹50 | – | – |
| 27 June 2023 | ₹40 | – | – |
| 26 June 2023 | ₹38 | – | – |
| 25 June 2023 | ₹35 | – | – |
| 24 June 2023 | ₹30 | – | – |
| 23 June 2023 | ₹27 | – | – |
| 22 June 2023 | ₹23 | – | – |
Greenchef Appliances IPO Detail Video:
Greenchef Appliances IPO Subscription Status (Bidding Detail)
The Greenchef Appliances IPO on June 27, 2023 at 7:29:00 PM was subscribed 44.89 times, with the retail category being subscribed 62.63 times, the NII (Non-Institutional Investor) category being subscribed 96.01 times and the QIB (Qualified-Institutional Buyers) category being subscribed 17.11 times.
| Category | Subscription |
| QIB | 17.11x |
| NII | 96.01x |
| Retail | 62.63x |
| Total | 44.89x |
Greenchef Appliances IPO Prospectus
Greenchef Appliances IPO Rating
| Our Rating | 2.5/5.0 |
Greenchef Appliances Company Contact Information
Greenchef Appliances Limited
Registered Office: No. 477 E, IV Phase, Peenya Industrial Area,
Bangalore – 560 058, Kanrataka, India.
Contact Person: Aarti Panigrahi, Company Secretary & Compliance Officer
Tel No: +91-80-29564495
E-mail: info@greenchef.in
Website: www.greenchef.in
Promoters of our Company: Sukhlal Jain, Praveen Kumar Sukhlal Jain,
Vikas Kumar Sukhlal Jain, Hitesh Kumar Jain and
Vikas Kumar Sukhlal Jain HUF
Greenchef Appliances IPO Registrar
Link Intime India Private Limited
Address: C-101, 1st Floor, 247 Park, L.B.S. Marg,
Vikhroli West, Mumbai 400 083, Maharashtra, India.
Tel No.: +91 810 811 4949
Fax: +91 22 4918 6191
Email: greenchef.ipo@linkintime.co.in
Contact Person: Shanti Gopalkrishnan
Website: www.linkintime.co.in
SEBI Registration Number: INR000004058
Greenchef Appliances IPO Lead Manager
Hem Securities Limited
Address: 904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, India
Tel. No.: +91- 022- 49060000
Fax No.: +91- 022- 22625991
Email: ib@hemsecurities.com
Investor Grievance Email: redressal@hemsecurities.com
Website: www.hemsecurities.com
Contact Person: Roshni Lahoti
SEBI Regn. No.: INM000010981
Greenchef Appliances IPO FAQs
What is the lot size of Greenchef Appliances IPO?
The total size of Greenchef Appliances IPO is ₹53.62 crores and this is a complete fresh Issue.
When will Greenchef Appliances IPO start?
Greenchef Appliances IPO will Open from 23 June 2023 and IPO will Close on 27 June 2023.
What is the open date of Greenchef Appliances IPO?
Greenchef Appliances IPO will open date from 23 June 2023.
What is the last date ( close date ) of Greenchef Appliances IPO?
Greenchef Appliances IPO will close from 27 June 2023.
What is the price band of Greenchef Appliances IPO?
Greenchef Appliances IPO price band is ₹82 to ₹87. ( Upper Price Band: ₹87, Lower Price Band: ₹82 )
What is the minimum amount required to apply for Greenchef Appliances IPO?
The minimum investment for retailers to apply for Greenchef Appliances IPO is ₹139,200 and the maximum investment is ₹139,200.
What is going on gray market premium of Greenchef Appliances IPO?
View gray market premium of Greenchef Appliances IPO by Clicking Here
How much is the GMP of Greenchef Appliances IPO?
Watch Greenchef Appliances IPO GMP Today: Click Here
What is the allotment date of Greenchef Appliances IPO?
The allotment date of Greenchef Appliances IPO is 03 July 2023.
How to check allotment status in Greenchef Appliances IPO?
To check the allotment status of Greenchef Appliances IPO, first of all go to the registrar website by clicking here, select your bad Greenchef Appliances IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Greenchef Appliances IPO?
The listing date of Greenchef Appliances IPO is 06 July 2023.
How much will be the listing gain in Greenchef Appliances IPO?
View listing gain of Greenchef Appliances IPO by Clicking Here
How much time Greenchef Appliances IPO is subscribed?
Total 44.89 times subscribed in Greenchef Appliances IPO out of which 62.63 times subscription was done in retail quota, 96.01 times subscription in NII quota and 17.11 times subscription in QIB quota.
How to apply for Greenchef Appliances IPO from Upstox?
Click Here to see how to apply for Greenchef Appliances IPO from Upstox. (step by step)
How to apply for Greenchef Appliances IPO from Zerodha?
Click Here to see how to apply for Greenchef Appliances IPO from Zerodha. (step by step)
How to apply for Greenchef Appliances IPO from Angle One?
Click Here to see how to apply for Greenchef Appliances IPO from Angle One. (step by step)
