Greenchef Appliances Limited
IPO Details
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₹42(48.28%)
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Greenchef Appliances Limited's completed its IPO journey with a successful listing on NSE on Jul 06, 2023. The public offering mobilized 61,63,200 Shares in total capital, comprising 61,63,200 Shares in fresh equity.
The offering was conducted within the price band of ₹82 to ₹87, with minimum application lots of 1600 shares. Investor participation during the Jun 23, 2023 to Jun 27, 2023 subscription window determined the final allocation pattern.
The basis of allotment was announced on Jul 03, 2023, finalizing share distribution to successful applicants. The listing represents a significant corporate development, providing the company with enhanced visibility and access to public capital markets.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Greenchef Appliances Limited, incorporated in 2010, manufactures and markets kitchen appliances under the brand name Greenchef. Its product portfolio includes gas stoves, pressure cookers, mixer grinders, wet grinders, electric rice cookers, induction cooktops, and non-stick cookware such as tawa, fry pans, kadai, biryani pots, tadka pans, paniyarakkal, appamchetty, kettles, hose pipes, gas cylinder trolleys, and spin mops. The company sells its products through offline and online platforms, including Flipkart, Jiomart, Bigbasket, and Amazon, and provides after-sales services, with a team of 130 technicians across 13 states and 107 authorized service providers across 15 states. Greenchef operates four manufacturing facilities—three in Bengaluru, Karnataka, and one in Parwanoo, Himachal Pradesh, the latter focused on gas stoves and hose pipes, in partnership with oil companies like HPCL, IOCL, and BPCL. Its distribution network includes around 450 distributors in 22 states and three union territories, supported by five strategically located Carrying and Forwarding agents in Rajasthan, Maharashtra, Uttar Pradesh, Gujarat, and Bihar.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Mr. Sukhlal Jain
- Mr. Praveen Kumar Sukhlal Jain
- Mr. Vikas Kumar Sukhlal Jain
- Mr. Hitesh Kumar Jain
- Mr. Vikas Kumar Sukhlal Jain HUF
Greenchef Appliances Limited
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