
Consumer Durables · NSE
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.
Price Band
₹82 – ₹87
Issue Size
₹53.62 Cr
Lot Size
1600 shares
GMP
+48.3%
Est. Listing
₹129
at current GMP
Subscribed
64.15x
overall
Open
23 Jun 2023
Close
27 Jun 2023
Allotment
3 Jul 2023
Refund
4 Jul 2023
Demat Credit
5 Jul 2023
Listing
6 Jul 2023
Overall Subscription
64.15x
Total Demand
QIB Multiplier
42.70x
Institutions & Funds
NII / HNI
96.32x
High Net-Worth
Retail (RII)
62.63x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 1,171,200 | 50,006,400 | 42.70x |
| NIB | 878,400 | 84,606,400 | 96.32x |
| RETAIL | 2,049,600 | 128,368,000 | 62.63x |
| Total | 4,099,200 | 262,980,800 | 64.15x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 1,348 | 84,425 | 62.63x |
| HNIs (10L +) | 9 | 867 | 96.32x |
| HNIs (2-10L) | 41 | 3,949 | 96.32x |
| Total Applications | 1,398 | 89,241 | 63.83x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
Greenchef Appliances Limited is bringing an initial public offering (IPO) in the Consumer Durables sector with an aggregate issue size of ₹53.62 Crores. The shares are offered at a price band of ₹82 to ₹87 per equity share on NSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2023-06-27, the basis of allotment is scheduled to be finalized on 2023-07-03. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.
The latest Grey Market Premium (GMP) for Greenchef Appliances Limited IPO is ₹42 per equity share. Based on the upper price band of ₹82 to ₹87 per equity share, the estimated listing price is ₹129 (+48.3% expected listing gain).
With a lot size of 1600 shares and current GMP of ₹42, the expected profit per application lot is approx ₹67,200 (+48.3% gain). Minimum application cost is approx ₹1,39,200.
The Greenchef Appliances Limited IPO aggregate issue size is ₹53.62 Crores with an equity price band set at ₹82 to ₹87 per equity share. The retail lot size is 1600 shares requiring a minimum capital outlay of approx. ₹1,39,200.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 64.15x (Retail: 62.63x, QIB: 42.70x, NII: 96.32x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2023-07-03. Investors can verify status using PAN card or application number.
Greenchef Appliances Limited shares are scheduled to list on NSE on 2023-07-06.