Greenchef Appliances Limited

Greenchef Appliances Limited IPO Review, Date, Price, GMP

Greenchef Appliances Limited is mainly engaged in the business of manufacturing and marketing a wide range of kitchen appliances under the brand name Greenchef. Their kitchen appliances include products like gas stoves, pressure cookers, mixer grinders, wet grinders, electric rice cookers, induction cooktops, non-stick cookware, kettles, hose pipes, gas cylinder trolleys, and spin mops. Greenchef Appliances Limited also markets appliances such as chimneys, stainless steel utensils, blenders, vegetable choppers, silicon gaskets, water bottles, fans, and irons.

Greenchef Appliances Limited is considered an emerging player in the Indian kitchen appliances market, particularly for gas stoves, pressure cookers, wet grinders, non-stick cookware, induction cooktops, kettles, and rice cookers. The company manufactures most of the core products required for their appliances, allowing them to maintain quality control and cost monitoring. However, they also source certain products from third-party manufacturers, both domestically and internationally, and ensure these products meet their specifications through inspections.

The company provides after-sales services for its products and has a dedicated service team and authorized service providers across various states in India. They utilize CRM software to track customer requests and ensure customer satisfaction. Greenchef Appliances Limited operates three manufacturing facilities in Bengaluru, Karnataka, and one facility in Parwanoo, Himachal Pradesh. The Parwanoo facility focuses on manufacturing gas stoves and hose pipes and has marketing agreements with oil companies such as Hindustan Petroleum Corporation Limited, Indian Oil Corporation Limited, and Bharat Petroleum Corporation Limited.

The manufacturing facilities of Greenchef Appliances Limited are ISO 9001:2015 accredited for quality management. They have established connections with five strategically located C&F agents in Rajasthan, Maharashtra, Uttar Pradesh, Gujarat, and Bihar. Additionally, they have around 450 distributors across 22 states and 3 union territories in India. These distributors are connected to a network of dealers who sell Greenchef Appliances Limited’s products through retail outlets. 

The company is also an approved vendor for modern retail chains like DMART, Reliance Retail Limited, and StarBazaar, and their products are sold online through e-commerce platforms such as Flipkart, Jiomart, Bigbasket, and Amazon.

Greenchef Appliances Limited’s competitive strengths include offering a diverse range of kitchen solutions, starting as a small trading company and expanding into a manufacturing company with a wide product range. Their brand, Greenchef, caters to different customer budgets and lifestyles. The company’s co-branding initiatives with oil companies have helped them reach a wider customer base, particularly for their gas stoves. They have obtained design registrations for various products, reinforcing their commitment to diversification. Over the years, they have developed a wide range of SKUs for each product category.

Greenchef Appliances Limited IPO Complete Details:

IPO Date23 June 2023 to 27 June 2023
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Face Value10 Rs. Per Share
Price82 to 87 Rs.
Lot Size1600
Issue Size 6,163,200 shares (Rs 53.62 Cr)
Fresh Issue 6,163,200 shares (Rs 53.62 Cr)
Listing Date06 July 2023

Greenchef Appliances Limited IPO Timetable:

Opening Date23 June 2023
Closing Date27 June 2023
Allotment03 July 2023
Initiation of Refunds04 July 2023
Credit of Shares to Demat Account05 July 2023
Listing Date06 July 2023
* Date May Change

Company Financial Details:

Period EndedAssetsRevenueProfit After TaxNet WorthBorrowings
31 March 202012,562.8923,807.17117.264,854.573916.06
31 March 202114,223.3923,929.33257.105,093.275182.39
31 March 202217,953.5933,704.5282.095170.686682.81
31 December 202225,633.471,021.556062.396027.47
Amount In Lakhs

Greenchef Appliances IPO Reservation:

CategoryNo. Of Equity Shares

AS OF NOW, the GMP OF Greenchef Appliances Limited is Around 40 Rs.

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