Greenchef Appliances IPO: The IPO of Greenchef Appliances is going to hit the market this week. The IPO will open on Friday, June 23 and investors can apply in the IPO till June 27. The IPO will open for anchor investors on June 22.
The stock of GreenChef Appliances will be listed on NSE Emerge where listing of small and medium enterprises is done. The company is issuing 61.63 lakh shares in its IPO. According to the upper band of the price band of the IPO, the company is preparing to raise Rs 53.62 crore from the market. The company has fixed the IPO price band of Rs 82 to 87 per share.
With the amount raised from the IPO, the company will spend as capital expenditure for setting up additional plant and machinery. Also, the amount will be spent on factory building, working capital requirements and general corporate requirements.
Greenshape Appliances is engaged in manufacturing and marketing of 20 types of kitchen solutions. The company has five manufacturing units in which four are located in Karnataka and one in Himachal Pradesh.
If we look at the financial performance of Greenshape Appliances Company, in the first nine months of 2022-23, the revenue from operation of the company was Rs 254.82 crore, while the net profit was Rs 10.21 crore. Hem Securities is the book running lead manager of the IPO.
On Tuesday, the IPO of HMA Agro Industries is open from today. The IPO has been subscribed 7% on the first day. The company is going to raise Rs 150 crore through IPO and the price band of IPO has been fixed at Rs 555-585. The IPO is currently trading at a premium of Rs 25 in the gray market. The company is one of the top three exporters of buffalo meat.
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