Greenchef Appliances Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Greenchef Appli.

CMP

73.80

+0.60 (0.82%)

₹87

Offer Price

₹ 53.62 Cr

Issue Size

₹ 1,39,200

Min Investment

1,600

Lot size

Time Line

  • 23
    Jun 2023
    Open
  • 27
    Jun 2023
    Close
  • 03
    Jul 2023
    Finalisation of Basis of Allotment
  • 04
    Jul 2023
    Initiation of Refunds
  • 05
    Jul 2023
    Transfer of Shares to Demat Account
  • 06
    Jul 2023
    Listing Date

Objects of the Offer

  • Increase our geographical reach and expansion of addressable market.

  • Capitalize on increasing indigenization, commercialization and policy initiatives in the industry.

  • Scale up branding, promotional and digital activities.

  • Continue to strengthen our existing product portfolio and diversify into products with attractive growth and profitability prospects.

  • Invest in new manufacturing facility and increase backward integration in the plant.

Strengths

  • A one stop shop for kitchen solutions with a diverse range of products across consumer preferences.

  • Emerging player in some of the key verticals.

  • Widespread, well connected distribution network with a presence across multiple retail channels and online e-commerce platforms and a dedicated after-sales network.

  • Strong manufacturing capability with efficient backward integration.

  • Consistent focus on quality.

Risks

  • The company operate in highly competitive markets, and the scale and resources of some of its competitors may allow them to compete more effectively than its can, which could result in a loss of its market share and a decrease in the company net revenues and profitability.

  • The company future success depends on its ability to promote its brand and protect the company reputation. The company failure to establish and promote its brand and any damage to its reputation will hinder the company growth.

  • If the company fail to successfully develop and commercialize new products, services and technologies that are well received by consumers in a timely manner, its operating results may be materially and adversely affected.

  • The company is highly dependent on certain key customers for a substantial portion of its revenues. Loss of relationship with any of these customers may have a material adverse effect on its profitability and results of operations.

  • The company is susceptible to supply shortages and interruptions, long lead times, and price fluctuations for raw materials and components, any of which could disrupt its supply chain and have a material adverse impact on its results of operations.

Financials

All values in Cr

Mar-2021 Mar-2022 Mar-2022 3-Yr trend
Revenue 238.99 (0.60%) 335.78 (40.50%) 1.48 (-)
Gross Profit 238.99 (0.60%) 335.78 (40.50%) 1.48 (-)
Net Income 238.99 (0.60%) 335.78 (40.50%) 1.48 (-)
Assets 238.99 (0.60%) 335.78 (40.50%) 1.48 (-)
Liabilities 238.99 (0.60%) 335.78 (40.50%) 1.48 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Greenchef Appliances Ltd 335.78 0.77 123.84 72.14 1.48 2.15 145.07 2.60 0.54
TTK Prestige Ltd 2,722.45 304.84 2,414.49 2,414.49 17.64 21.99 124.63 12.62 0.02
Hawkins Cookers Ltd 958.01 83.89 409.75 409.75 39.35 158.64 403.15 20.47 0.20
Stove Kraft Ltd 1,136.36 56.22 728.46 728.46 15.44 17.21 110.75 7.71 0.22
Butterfly Gandhimathi Appliances Ltd 1,005.30 16.13 518.11 518.11 6.88 9.02 130.99 3.11 0.22

Book Running Managers

  • Hem Securities Ltd

Registrar & Transfer Agent

Link Intime India Pvt Ltd

C-101 247 Park,
L B S Marg,
Vikhroli West - Mumbai-400083
Phone : 91-22-49186000 Fax: 91-22-49186060

Company Contact Information

No. 477 E, IV Phase,
Peenya Industrial Area,
Bangalore - 560058
Phone : 91-80-29564495 Email : info@grenchef.in www.greenchef.in

Offer Related Information

Initial public offer of 61,63,200 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Greenchef Appliances Limited ("The Company" or "Greenchef" or "The Issuer") at an issue price of Rs. 87/- per equity share for cash, aggregating up to Rs. 53.62 crores ("Public Issue") out of which 3,12,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 87/- per equity share for cash, aggregating Rs. 2.71 crores was reserved for subscription by the market maker to the... More

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