| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹53.62 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹53.62 Cr |
| Fresh Issue | ₹50.91 Cr |
| Face Value | โน10 Per Equity Share |
| Price Band | โน82.00-87.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | GREENCHEF |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Hem Securities Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,600 shares and in multiples thereof
Incorporated in 2010, 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.
The company also provides after-sales services in relation to the products. These services include repairs and maintenance of sold goods and installation services. As of December 31, 2022, Greenchef's service team comprises 130 service technicians across 13 states. Further, the company has also appointed 107 authorized service providers across 15 states.
Greenchef Appliances have three manufacturing facilities located in Bengaluru, Karnataka, and one manufacturing facility located at Parwanoo, Himachal Pradesh. The Parwanoo facility is focused on manufacturing Gas Stoves and hose pipes for which the company has also entered into a marketing agreement with oil companies like 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 state of Rajasthan Maharashtra, Uttar Pradesh, Gujarat, and Bihar. Additionally, as on December 31, 2022, the company has around 450 distributors in 22 states and 3 union territories of India.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (โน Cr.) |
|---|---|---|
| 1 | Funding Capital Expenditure towards installation of additional plant and machinery | 5.15 |
| 2 | Funding Capital Expenditure towards construction of factory building | 25.00 |
| 3 | Funding of Working capital requirements | 10.00 |
| 4 | General Corporate Purpose | 8.68 |
| Period Ended | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|
| Assets | 179.54 | 142.23 | 125.63 |
| Total Income | 337.05 | 239.29 | 238.07 |
| Profit After Tax | 0.82 | 2.57 | 1.17 |
| NET Worth | 51.71 | 50.93 | 48.55 |
| Reserves and Surplus | 48.14 | 47.37 | 44.98 |
| Total Borrowing | 66.83 | 51.82 | 39.16 |
| Amount in ₹ Crore | |||
| KPI | |
|---|---|
| ROE | 18.19% |
| ROCE | 12.52% |
| Debt / Equity | 0.99% |
| RoNW | 16.85% |
| PAT Margin | 0.23% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (โน) | 5.97 | |
| P/E (x) | 14.87 | |
| Promoter Holding | 100.00% | 73.52% |
| Market Cap | โน202.47 Cr. | |