Greenchef Appliances Ltd Share Price

(GREENCHEF)

Greenchef Appliances Limited was incorporated on June 18 2010 vide Certificate of Incorporation with the Registrar of Companies Karnataka. Presently the Company is engaged in manufacturing and marketing a wide range of kitchen appliances under the brand Greenchef which include wide range of value for money solutions comprising of Gas Stoves Pressure Cookers Mixer Grinders Wet Grinders Electric Rice Cooker Induction Cooktops Nonstick cookwares like: Tawa Fry Pan Kadai Biriyani Pot Tadka Pan Paniyarakkal Appamchetty etc Kettles Hose Pipes Gas Cylinder Trolley and Spin Mop. Further it is also into the business of marketing appliances like: Chimney Stainless Steel Utensils Blenders Vegetable Chopper Silicon Gasket Water Bottles Fans Iron etc. The major raw materials required in manufacturing activities include metals like aluminium steel and copper.The Company started trading in kitchen appliances in 2013. It started manufacturing of Kitchen Appliances at Unit I Factory at Peenya Industrial Area started production of Gas stoves at Parwanoo Factory in Himachal Pradesh in 2018 started manufacturing of Kitchen Appliances at Unit 2 and 3 Factory at Dabaspet Banagalore in 2019 introduced Kettle production in 2021 and production of Electric Rice Cooker introduced in 2022. However Greenchef Manufacturers and Distributors Private Limited and Modulus Springs Private Limited were erstwhile subsidiaries of the Company which ceased to exist as subsidiaries of the Company w.e.f. November 15 2022. There are some of the big multinational brands like Haier Bosch and Midea who are in competition to the domestic players. These domestic players include both organised and unorganised players. The growth trajectory in kitchen appliances industry has encouraged new entrants to enter into this industry with new business models.The Company is proposing a Public Issue of upto 7300800 Equity Shares through Fresh Issue..

Listing date: 06 Jul, 2023