About Greenchef Appliances IPO
Incorporated in 2010, Greenchef Appliances Limited operates in the kitchen appliances business. The company manufactures and markets kitchen appliances such as gas stoves, pressure cookers, mixer grinders, and many others. Company manufactures most of its products in-house, enabling it to control cost and monitor quality.
India’s kitchen appliances industry is expected to grow volume at a CAGR of 8.7% between 2022 to 2026 supported by increased technological advancements, and rise in demand from the tier-II and tier-III cities.
Greenchef Appliances is now coming out with its initial public offer (IPO). The IPO will be a fresh issue. The money raised through the fresh issue will be utilised towards funding capital expenditure towards installing additional plant and machinery, working capital requirement and for general corporate purposes.
Here are key details about the Greenchef Appliances IPO: