Greenchef Appliances SME IPO

Greenchef Appliances Limited

₹1,31,200 /1600 sharesMinimum Investment

Greenchef Appliances SME IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
NSE₹87.00₹109.00₹22.00 (25.29%)

Greenchef Appliances SME IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
23 Jun ‘23 - 27 Jun ‘23₹1,31,2001,600₹82 - ₹87
Issue SizeIPO Doc
53.62Cr
RHP PDF

About Greenchef Appliances SME

Greenchef Appliances, incorporated in 2010 specialises in producing and promoting a diverse range of kitchen appliances. The array of kitchen appliances the company manufactures encompasses gas stoves, pressure cookers, mixer grinders, wet grinders, electric rice cookers, induction cooktops, and non-stick cookware such as tawa, fry pans, kadai, biryani pot, tadka pan, paniyarakkal, appachetty, kettles, hose pipes, gas cylinder trolley, and spin mop. The company operates from 3 manufacturing facilities in Bangalore and an additional facility in Parwanoo, Himachal Pradesh. The company is also actively involved in marketing additional appliances like chimneys, stainless steel utensils, blenders, vegetable choppers, silicon gaskets, water bottles, fans, irons, and more. The company also produces the core elements required for its products, including railing pipes, mixing tubes, brass burners, pan supports for gas stoves, weight valves. ;
Parent Organisation
Greenchef Appliances Limited
Founded
2010
Managing Director
Mr. Praveen Kumar Sukhlal Jain

Strengths & Risks

  • The company offers extensive products tailored to meet diverse consumer preferences.
  • The company has acquired 17 design registrations for various products, such as mixer grinders, wet grinders, and gas stoves, to reinforce its commitment to innovation and versatility.
  • Strategically positioned across Rajasthan, Maharashtra, Uttar Pradesh, Gujarat, and Bihar, the company's manufacturing facilities are well-connected with five central warehousing and distribution agents.
  • The company has established strong partnerships with approximately 450 distributors across 22 states and three union territories.
  • The company has earned the approval of renowned retail chains such as DMART, Reliance Retail Limited, and StarBazaar.
  • The company has manufacturing facilities with a combined annual production capacity of 51.48 lakhs as of December 31, 2022.
  • The company relies heavily on a select group of key customers to generate significant revenue. The company's top 10 customers, collectively, accounted for 36.24%, 26.56%, 28.91%, and 32.24% of its revenue from operations during the nine months ending on December 31, 2022, as well as in the fiscal years 2022, 2021, and 2020, respectively.
  • The company significantly relies on the sales of its two main product verticals: Gas Stoves and Pressure Cookers. Failing to anticipate or adapt to changes and upgrades in these products, ensure product quality, or address shifts in demand for these specific items may harm the company's revenue and growth prospects.
  • Any disruptions to the company's relationships with various online marketplaces and offline distributors could adversely affect its business operations, cash flows, and overall financial performance.
  • As of December 31, 2022, Greenchef Appliances had contingent liabilities amounting to Rs. 218.33 lakhs. It could impact the company's financial condition if these contingent liabilities materialize, either partially or in full.
  • The company has taken unsecured loans, which the lenders can recall. As of December 31, 2022, the company had an outstanding unsecured loan amounting to Rs. 1,757.21 lakhs owed to lenders.

Financials

*All values are in Rs. Cr
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Application details

Apply asPrice bandApply upto
Regular82 - 87₹2 Lakh
High Networth Individual82 - 87₹2 - 5 Lakh
For Greenchef Appliances SME IPO, eligible investors can apply as Regular.
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