Greenchef Appliances Limited

Company Profile
Company Name Greenchef Appliances Limited
Open Date 23-06-2023
Close Date 27-06-2023
Exchange NSE SME
Lot Size 2000 Shares
Issue Price ₹82 to ₹87 per share
Issue Size 61,63,200 Equity shares
Application Amount ₹ 1,39,200
Recommendation Risk_Averse - Should Wait Risk_Seekers - Should Apply
Company is engaged in the business of manufacturing and marketing of wide range of kitchen appliances under the brand name of Greenchef. They manufacture the majority of core products like: railing pipe, mixing tube, brass burner, pan support etc required in Gas Stoves, weight valve and vent tube required in pressure cookers, mixi motor and jars required in Mixer Grinders etc. For certain product categories and sub-categories, they engage in sourcing from third party manufacturers both domestically and from outside India. As of December 31, 2022 service team comprised of 130 service technicians across 13 states. Further they have also appointed 107 authorized service providers across 15 states.
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Summary of Financials (All financials in Lakh)

For the Period Ended Mar-21 Mar-22 Dec-22
Total Assets 14,223.39 17,953.59 20,329.62
Net Assets 5,093.27 5,170.68 6,062.39
Total Borrowings 5,182.38 6,682.81 6,027.47
Total Revenue 23,929.32 33,578.47 25,482.78
Profit After Tax 251.34 76.54 1,021.55

Tentative Timeline

Opening Date 23-06-2023
Closing Date 27-06-2023
Basis of Allotment
Initiation of Refunds
Credit of Shares to Demat
Listing Date

Objects of the 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.

Contact Information

Registered Office Greenchef Appliances Limited No. 477 E, IV Phase, Peenya Industrial Area, Bangalore - 560 058
Phone +91-80-29564495

Registrar Details

Name Link Intime India Private Limited
Phone +91-22-4918 6270

IPO Reservation

Shareholding Pattern

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