Hi-Green Carbon Ltd
Price Range
₹75
Min. Quantity
1,600
Closes on
25 September 2023
Min. investment
₹1,20,000/1,600 Shares
Hi-Green Carbon Ltd IPO Timeline
Hi-Green Carbon Ltd was originally incorporated as 'Shantol Green Hydrocarbons (India) Private Limited' as a Private Limited Company vide Certificate of Incorporation dated August 29, 2011, issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Subsequently, name of the Company was changed from 'Shantol Green Hydrocarbons (India) Private Limited' to 'Shantol Green Energy (India) Private Limited', dated November 04, 2011. Later on, to 'Shantol Green (India) Private Limited' dated March 15, 2017 and thereafter, to 'Hi-Green Carbon Private Limited', dated September 21, 2022. Further, Company got converted from a Private Limited Company to Public Limited Company and consequently, its name was changed to 'Hi-Green Carbon Limited' through a Fresh Certificate of Incorporation dated March 21, 2023 issued to Company by Registrar of Companies, Ahmedabad.
| Event | Date |
|---|---|
| Hi-Green Carbon Ltd IPO Opening Date | 21 September 2023 |
| Hi-Green Carbon Ltd IPO Closing Date | 25 September 2023 |
| Basis of Allotment | 28 September 2023 |
| Initiation of Refunds | 29 September 2023 |
| Credit of Shares to Demat | 3 October 2023 |
| Hi-Green Carbon Ltd IPO Listing Date | 28 September 2023 |
Hi-Green Carbon Ltd IPO Details
| Hi-Green Carbon Ltd IPO Date | 21 September 2023 to 25 September 2023 |
| Hi-Green Carbon Ltd IPO Face Value | ₹10 per share |
| Hi-Green Carbon Ltd IPO Price | ₹75 to ₹0 per share |
| Hi-Green Carbon Ltd IPO Lot Size | 1,600 |
| Issue Size | Shares of ₹10 (aggregating up to ₹52.8 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹44.93 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹7.87 Cr) |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | RNG Finlease Pvt Ltd, Amitkumar Hasmukhrai Bhalodi, Shaileshkumar Vallabhdas Makad |
Hi-Green Carbon Ltd IPO Lot Size
The Hi-Green Carbon Ltd IPO lot size is 1,600 shares. A retail-individual investor can apply for up to 1 lots (1,600 shares or ₹1,20,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,600 | ₹1,20,000 |
| Maximum | 1 | 1,600 | ₹1,20,000 |
- Strengths
- Risks
- Opportunities
- Experienced Promoters and Management Team.
- Strategic Location of Manufacturing Facilities.
- Innovative Technology.
- Quality assurance.
- Permanent Demand and Wide Application of Product.
Company Financials
Hi-Green Carbon Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 105.34 | 70.61 | 10.28 |
| 03-2023 | 45.48 | 78.35 | 12.35 |
| 03-2022 | 33.03 | 51.14 | 3.73 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Setting up of new manufacturing unit at maharashtra
- To meet working capital requirements
- General corporate purposes
Hi-Green Carbon Ltd IPO Promoter Holding
| Pre Issue Share Holding | 71.58% |
| Post Issue Share Holding | 50.22% |
Hi-Green Carbon Ltd IPO Subscription Status (Bidding Detail)
The Hi-Green Carbon Ltd IPO is subscribed 111.2389 times on 25 September 2023 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 111.2389 |
Hi-Green Carbon Ltd IPO Prospectus
Hi-Green Carbon Ltd IPO Listing Date
| Listing Date | 28 September 2023 |
| BSE Script | 91663 |
| NSE Symbol | HIGREEN |
| Listing In | NSE - SME |
| ISIN | INE0PIC01017 |
| IPO Price | ₹75 |
| Face Value | ₹10 |
Company Contact Information
G-557 Lodhika Ind Est MetodaGIDC Gate No 3 Metoda Lodhika,Rajkot-360002
Phone: +91 92275 74010
Email: compliance@higreencarbon.com
Website: www.higreencarbon.com
Hi-Green Carbon Ltd IPO Registrar
Hi-Green Carbon Ltd IPO Lead Manager(s)
- Beeline Capital Advisors Pvt Ltd
FAQ
What is the issue size of Hi-Green Carbon Ltd IPO?
I have pre-applied for Hi-Green Carbon Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.