Hi-Green Carbon IPO GMP Details
Hi-Green Carbon Limited, Incorporated in 2011, formerly known as Shantol Green Hydrocarbons (India), specializes in the recycling of waste tires. Hi-Green Carbon’s manufacturing facility is situated in Rajasthan, where it employs a continuous pyrolysis process. This method operates seamlessly, featuring uninterrupted tire input and output, all controlled by a program logic controller system. It’s a fully automated process with minimal human intervention. The plant has a recycling capacity of 100 metric tons of waste tires per day.
The company’s product range encompasses Recovered Carbon Black (rCB) and Steel Wires in the Raw Material category, while it produces Fuel Oil and Synthesis Gas in the Energy Components category. The Synthesis Gas finds application in the manufacturing of sodium silicate, commonly referred to as raw glass. Hi-Green Carbon has plans to construct a new manufacturing plant in the Dhule district of Maharashtra. This new facility will also have a daily tire recycling capacity of 100 metric tons and will span across an area of 21,500 square meters.
The company has obtained several certifications, including ISO 14001:2015 for Environmental Management Measures, ISO 45001:2018 for Occupational Health & Safety Management standards, ISO 9001:2015 for Quality Management Standards, and Good Manufacturing Practice (GMP). Furthermore, its products comply with REACH sustainability standards.
Objects of the Issue
The funds raised from the Fresh Issue will be allocated for the following purposes:
- Establishing a new Manufacturing Unit in Maharashtra.
- Meeting working capital requirements.
- General corporate purposes.
- Covering public issue expenses.
Hi-Green Carbon IPO Details
The Hi-Green Carbon IPO is a Book Built Issue with a total issue size of Rs 52.80 Crores. The price range for Hi-Green Carbon IPO shares is ₹71 to ₹75 per share. The IPO is scheduled to be listed on the NSE SME.
IPO Date | September 21, 2023 to September 25, 2023 |
Listing Date | October 4, 2023 |
Face Value | ₹10 per share |
Price | ₹71 to ₹75 per share |
Lot Size | 1600 Shares |
Total Issue Size | 7,040,000 shares (aggregating up to ₹52.80 Cr) |
Fresh Issue | 5,990,000 shares |
Offer for Sale | 1,050,000 shares of ₹10 |
Issue Type | Book Built Issue IPO |
Listing At | NSE SME |
Share holding pre issue | 19,000,000 |
Share holding post issue | 24,990,000 |
Market Maker portion | 420,800 shares Spread X Securities |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Hi-Green Carbon IPO Reservation
QIB Shares Offered | Not more than 50.00% of the Net offer |
NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Retail Shares Offered | Not less than 35.00% of the Offer |
Hi-Green Carbon IPO Lot Size
The Hi-Green Carbon IPO has a minimum lot size of 1600 shares, requiring an investment of ₹120,000.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 1600 | ₹120,000 |
Retail (Max) | 1 | 1600 | ₹120,000 |
HNI (Min) | 2 | 3,200 | ₹240,000 |
Hi-Green Carbon IPO Dates
Hi-Green Carbon IPO opens on September 21, 2023, and closes on September 25, 2023.
IPO Open Date | Thursday, September 21, 2023 |
IPO Close Date | Monday, September 25, 2023 |
Basis of Allotment | Thursday, September 28, 2023 |
Initiation of Refunds | Friday, September 29, 2023 |
Credit of Shares to Demat | Tuesday, October 3, 2023 |
Listing Date | Wednesday, October 4, 2023 |
Cut-off time for UPI mandate confirmation | 5 PM on September 25, 2023 |
Hi-Green Carbon Limited Financial Report
Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
---|---|---|---|
Assets | 3,310.91 | 3,424.36 | 4,387.83 |
Revenue | 2,429.39 | 5,113.95 | 7,903.90 |
Profit After Tax | 9.59 | 367.95 | 1,084.78 |
Net Worth | 806.28 | 1,174.23 | 2,259.02 |
Reserves and Surplus | -1,093.72 | -725.77 | 359.02 |
Total Borrowing | 1,783.10 | 1,586.70 | 1,362.19 |
Key Performance Indicator of Hi-Green Carbon Ltd
KPI | Values |
---|---|
P/E (x) | 13.13 |
ROE | 63.19% |
ROCE | 64.70% |
Debt/Equity | 0.6 |
EPS (Rs) | 5.71 |
RoNW | 48.02% |
Hi-Green Carbon IPO Anchor Investors Details
Hi-Green Carbon IPO secured Rs 14.88 crore in investments from anchor investors on September 20, 2023.
Bid Date | September 20, 2023 |
Shares Offered | 1984000 |
Anchor Portion Size (In Cr.) | 14.88 |
Anchor lock-in period end date for 50% shares (30 Days) | November 13, 2023 |
Anchor lock-in period end date for remaining shares (90 Days) | February 8, 2024 |
Hi-Green Carbon IPO Promoter Holding
M/S RNG Finlease Private Limited, Mr. Amitkumar Hasmukhrai Bhalodi, Dr. Shaileshkumar Vallabhdas Makadia, Mrs. Krupa Chetankumar Dethariya, Mrs. Radhika Amitkumar Bhalodi, Mrs. Shriyakumari Shaileshkumar Makadia, and Mr. Koosh Chetankumar Dethariya are the company’s promoters.
Pre Issue Share Holding | 100.00% |
Post Issue Share Holding | 71.83% |
Hi-Green Carbon Contact Information
Hi-Green Carbon Limited
G-557, Lodhika Industrial Estate,
Metoda G.I.D.C. Gate No. 3, Metoda,
Lodhika Rajkot – 360021
Phone: +91 92275 74010
Email: compliance@higreencarbon.com
Website: https://www.higreencarbon.com/index.php
Hi-Green Carbon IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: higreencarbon.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
Hi-Green Carbon IPO FAQs
What is Hi-Green Carbon IPO?
Hi-Green Carbon IPO is a SME IPO consisting of 7,040,000 equity shares with a face value of ₹10, aggregating up to ₹52.80 Crores. The IPO is priced at ₹71 to ₹75 per share. The minimum order quantity is 1600 Shares. The IPO subscription period is from September 21, 2023, to September 25, 2023.
Link Intime India Private Ltd is the registrar for the IPO.
The shares are intended to be listed on NSE SME.
How can I apply for Hi-Green Carbon IPO through Zerodha?
Zerodha clients can apply for Hi-Green Carbon IPO online using UPI as the payment gateway. To apply for Hi-Green Carbon IPO through Zerodha, log in to Zerodha Console (back office) and submit the IPO application form.
Here are the steps to apply for Hi-Green Carbon IPO through Zerodha:
1. Visit the Zerodha website and log in to Console.
2. Go to the Portfolio section and click on the IPOs link.
3. Find the ‘Hi-Green Carbon IPO’ row and click the ‘Bid’ button.
4. Enter your UPI ID, Quantity, and Price.
5. Submit the IPO application form.
6. Visit the UPI App (net banking or BHIM) to approve the mandate.
When will Hi-Green Carbon IPO be open for subscription?
The subscription period for Hi-Green Carbon IPO will begin on September 21, 2023, and close on September 25, 2023.
What is the lot size for Hi-Green Carbon IPO?
The lot size for Hi-Green Carbon IPO is 1600 Shares, and the minimum investment amount required is ₹120,000.
How can I apply for Hi-Green Carbon IPO?
You can apply for Hi-Green Carbon IPO online using either UPI or ASBA as the payment method. ASBA IPO application can be done through the net banking facility of your bank account. UPI IPO application is offered by brokers that do not provide banking services. For more details, refer to the process of applying for IPOs online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank, and SBI Bank.
When will Hi-Green Carbon IPO allotment take place?
The finalization of the Basis of Allotment for Hi-Green Carbon IPO will be conducted on Thursday, September 28, 2023. The allotted shares will be credited to your demat account by Tuesday, October 3, 2023. You can check the Hi-Green Carbon IPO allotment status.
When is Hi-Green Carbon IPO expected to be listed?
The listing date for Hi-Green Carbon IPO has not been announced yet. The tentative listing date for Hi-Green Carbon IPO is Wednesday, October 4, 2023.