Greenchef Appliances Limited IPO Date,GMP,Review, Price, Form, Lot Size & Allotment Details 2023

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Greenchef Appliances Limited IPO (Greenchef Appliances IPO) Detail

Greenchef equipment Limited, a company established in 2010, manufactures and sells kitchen equipment under the Greenchef brand.

The kitchen equipment offered by Greenchef include gas stoves, pressure cookers, mixer grinders, wet grinders, electric rice cookers, induction cooktops, kettles, hose pipes, gas cylinder trolleys, and spin mop, among other nonstick cookware.

The company sells its goods on both offline and online marketplaces, including Amazon Seller Services Private Limited, Jiomart, Bigbasket, and Flipkart India Private Limited.

Additionally, the business offers post-sale services in connection with the goods. These include installation services as well as repairs and upkeep of sold goods. By the end of 2022, 130 service technicians from 13 states will make up Greenchef’s service staff. Further,

Additionally, 107 authorised service providers from 15 states have been appointed by the organisation.In addition to one manufacturing plant in Parwanoo, Himachal Pradesh, Greenchef Appliances also has three manufacturing facilities in Bengaluru, Karnataka. In addition to entering into a marketing arrangement with oil corporations like Hindustan Petroleum Corporation Limited, Indian Oil Corporation Limited, and Bharat Petroleum Corporation Limited, the Parwanoo facility’s primary focus is the production of gas stoves and hose pipes.By December 31, 2022, five strategically positioned Carrying and Forwarding (C&F) agents in the states of Rajasthan, Maharashtra, Uttar Pradesh, Gujarat, and Bihar would provide good connectivity for the manufacturing plants. Additionally, the business had 450 distributors as of December 31, 2022, spread across 22 Indian states and 3 union territories.

Greenchef Appliances IPO Details

IPO DateJun 23, 2023 to Jun 27, 2023
Listing Date[.]
Face Value₹10 per share
Price₹82 to ₹87 per share
Lot Size1600 Shares
Total Issue Size6,163,200 shares
(aggregating up to ₹53.62 Cr)
Fresh Issue6,163,200 shares
(aggregating up to ₹[.] Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Market Maker portion312,000 shares
Hem Finlease

Greenchef Appliances IPO Reservation

QIB Shares OfferedNot more than 50.00% of the Net offer
NII (HNI) Shares OfferedNot less than 15.00% of the Offer
Retail Shares OfferedNot less than 35.00% of the Offer

Greenchef Appliances IPO Timetable (Tentative)

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

EventTentative Date
Opening DateFriday, 23 June 2023
Closing DateTuesday, 27 June 2023
Basis of AllotmentMonday, 3 July 2023
Initiation of RefundsTuesday, 4 July 2023
Credit of Shares to DematWednesday, 5 July 2023
Listing DateThursday, 6 July 2023
Cut-off time for UPI mandate confirmation5 PM on Jun 27, 2023

Greenchef Appliances IPO Lot Size

The Greenchef Appliances IPO lot size is 1600 shares.

ApplicationLotsSharesAmount
Retail (Min)11600₹139,200
Retail (Max)11600₹139,200
HNI (Min)23,200₹278,400
Lot Size Calculator

Greenchef Appliances IPO Promoter Holding

Mr. Sukhlal Jain, Mr. Praveen Kumar Sukhlal Jain, Mr. Vikas Kumar Sukhlal Jain, Mr. Hitesh Kumar Jain, and Mr. Vikas Kumar Sukhlal Jain HUF are the company promoters.

Pre Issue Share Holding100.00%
Post Issue Share Holding73.52%

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-2012,562.8923,807.17117.264,854.574,498.143,916.06
31-Mar-2114,223.3923,929.33257.105,093.274,736.845,182.39
31-Mar-2217,953.5933,704.5282.095,170.684,814.256,682.81
Amount in ₹ Lakhs

Objects of the Issue

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 IPO Prospectus

Greenchef Appliances IPO Rating

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Ratings

Company Contact Information

Greenchef Appliances Limited
No. 477 E, IV Phase,
Peenya Industrial Area,
Bangalore – 560 058
Phone: +91-80-29564495
Email: info@greenchef.in
Websitehttps://www.greenchef.in/

Greenchef Appliances IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: greenchef.ipo@linkintime.co.in
Websitehttps://linkintime.co.in/

Greenchef Appliances IPO Analysis

Greenchef Appliances IPO Recommendation Summary

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Brokers000
Members001

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Greenchef Appliances IPO Lead Manager(s)

  1. Hem Securities Limited (Past IPO Performance)

Lead Manager Reports

  • IPO Lead Manager Performance Summary
  • IPO Lead Manager Performance Tracker

Greenchef Appliances IPO Review & Recommendations

Greenchef Appliances IPO Review Summary

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Greenchef Appliances IPO Details

IPO OpenJun 23, 2023
IPO CloseJun 27, 2023
IPO Price₹82 – ₹87
Face Value₹10
IPO Size₹50.54 – 53.62 Cr
Listing AtNSE SME
Lot Size1600

Greenchef Appliances IPO Peer Comparison

Greenchef Appliances Limited peer comparison with similar listed entities. () (As on June 18, 2023)

Company NameEPS (Rs)P/E (x)RoNW (%)
EPS BasicEPS Diluted
Greenchef Appliances Limited0.450.451.48
TTK Prestige Limited21.9921.9932.7518.89
Hawkins Cookers Limited158.64158.6440.0343.00
Stove Kraft Limited17.2116.9625.1016.86
Butterfly Gandhimathi Appliances Limited9.029.02128.547.03

Greenchef Appliances IPO HNI Funding Cost Calculator

Greenchef Appliances IPO Shares to Apply By Amount Calculator

Enter the amount you would like to invest in Greenchef Appliances IPO and find how many shares you should apply. In an IPO, shares are applied in lots. This calculator helps you to find an exact number of shares to apply for the given amount.

Amount to Invest (Rs)
Lot Size (Shares)1600
Shares Issue Price (Rs)87
Find No. of Shares to Apply
Lots to Apply0
Shares to Apply0
Total Amount (Rs)0

Greenchef Appliances IPO Funding Interest Rates Calculator

Greenchef Appliances IPO funding cost is derived based on the NII (HNI) over subscription and interest rate considering the 7-day loan period. The table provides an estimated interest cost per share for rate of interest (ROI) ranging from 7 to 10% over a range of 10 different over subscription intervals.

IPO Price₹87
NII IPO Quota₹8 Cr
NII Over subscription
(Estimated in times)
NII IPO Collection
(Incremental in ₹ Cr)
Number of Days
Interest Rate (%)
Refresh

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Greenchef Appliances IPO HNI Cost for 7 days

NII IPO Collection (₹ Cr)8.00108.00208.00308.00408.00508.00608.00708.00808.00908.00
NII Over subscription (times)1.0013.5026.0038.5051.0063.5076.0088.50101.00113.50
Interest Rate ↓↓ HNI Funding Cost (Rs per share) ↓
12%0.202.705.217.7110.2112.7115.2217.7220.2222.72
7%0.121.583.044.505.967.428.8810.3411.8013.26
7.5%0.131.693.254.826.387.959.5111.0712.6414.20
8%0.131.803.475.146.818.4810.1411.8113.4815.15
8.5%0.141.913.695.467.239.0110.7812.5514.3216.10
9%0.152.033.905.787.669.5411.4113.2915.1717.04
9.5%0.162.144.126.108.0810.0712.0514.0316.0117.99
10%0.172.254.346.428.5110.5912.6814.7716.8518.94

Greenchef Appliances IPO Allotment Status Online

Greenchef Appliances IPO Schedule

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

EventDate
Opening DateJun 23, 2023
Closing DateJun 27, 2023
Basis of AllotmentJul 3, 2023
Initiation of RefundsJul 4, 2023
Credit of Shares to DematJul 5, 2023
Listing DateJul 6, 2023

When Greenchef Appliances IPO will open?

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

When is Greenchef Appliances IPO allotment?

The finalization of Basis of Allotment for Greenchef Appliances IPO will be done on Monday, 3 July 2023, and the allotted shares will be credited to your demat account by Wednesday, 5 July 2023

What is Greenchef Appliances IPO allotment process?

The basis of allotment for Greenchef Appliances IPO is not yet made public by the registrar. We will update it on our website as soon as it is released.

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