Greenhitech Ventures IPO Details | GMP, Date, Price, Review

Greenhitech Ventures IPO Details ( Greenhitech Ventures Limited IPO Review )

(12 Apr 2024 – 16 Apr 2024)

Established in November 2011, Greenhitech Ventures Limited specializes in trading various petroleum-based products, including biofuels, bitumen, and furnace oils, to cater to different industry requirements. We’re also actively involved in managing and maintaining ethanol production in government-owned distilleries.

At Greenhitech Ventures Limited, we’re a private company dedicated to providing fuel and alternative material solutions to customers throughout India. We’re particularly recognized in the Purvanchal belt of Uttar Pradesh for our commitment to delivering services and supplies that are effective, efficient, and economical.

Our headquarters are situated in Jawahar Nagar Colony, Bhelupura, Varanasi.

As of January 31, 2024, our team consists of 68 employees, including key management personnel, who are part of our payroll.

Greenhitech Ventures Limited IPO Competitive Strength

• Existing client relationship
• Experienced Promoter and Management Expertise
• Scalable Business Model
• Timely fulfilment of orders
• Eco- friendly products
• Quality Assurance and Standard

Greenhitech IPO Financials Performance ( Results )

Greenhitech Ventures Limited Financial Information (Restated)

All Amount in ₹ Lakhs

Period Ended	Total Assets	Total Revenue	PAT	Net Worth	Reserves	Borrowing
31-Mar-21	2,378.58	4,007.69	24.39	140.99		114.60
31-Mar-22	3,188.77	6,611.58	135.14	322.45		150.14
31-Mar-23	2,708.06	2,504.35	57.23	315.45		347.07
31-Jan-24	2,677.75	335.67	35.64	456.64	112.64	431.71

Objective of Greenhitech IPO Issue

• To Meet Working Capital Requirement
• General Corporate Expenses

Greenhitech IPO Basic Details

IPO Date	Apr 12, 2024 to Apr 16, 2024
Listing Date	Monday, April 22, 2024
Face Value	₹10 per share
Price	₹50 per share
Lot Size	3000 Shares
Issue Size	1,260,000 shares of ₹10 (aggregating up to ₹6.30 Cr)
Fresh Issue	1,260,000 shares of ₹10 (aggregating up to ₹6.30 Cr)
Issue Type	Fixed Price Issue IPO
Listing At	BSE SME
Share holding pre issue	3,440,000
Share holding post issue	4,700,000
Company Promoters	Mr. Naved Iqbal and Mr. Mohammad Nadeem

Greenhitech IPO Reservation

Other Shares Offered	50% of the Net Issue
Retail Shares Offered	50% of the Net Issue

Greenhitech IPO Timetable

Greenhitech IPO will open on April 12, 2024 and close on April 16, 2024. You can join Greenhitech IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.

Event	Date
Opening Date	12 April 2024 (Friday)
Closing Date	16 April 2024 (Tuesday)
Basis of Allotment	18 April 2024 (Thursday)
Initiation of Refunds	19 April 2024 (Friday)
Credit of Shares to Demat	19 April 2024 (Friday)
Listing Date	22 April 2024 (Monday)
Deadline for UPI mandate confirmation	5 PM on 16 April 2024

Greenhitech Ventures IPO Lot Size

For retail investors in Greenhitech Ventures IPO, 3000 shares will come in 1 lot or the minimum investment will be ₹150,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹150,000.

Application	Lots	Shares	Amount
Retail (Min)	1	3000	₹150,000
Retail (Max)	1	3000	₹150,000
S-HNI (Min)	2	6000	₹300,000

Greenhitech Ventures IPO Promoter Holding

The company’s promoters include Mr. Naved Iqbal and Mr. Mohammad Nadeem.

Pre Issue Share Holding	100.00%
Post Issue Share Holding	73.19%

Greenhitech Ventures Ltd IPO Key Performance Indicator ( Valuation )

In the table given below, all the figures have been told according to the latest financial year.

KPI	Values
Market Cap (₹ Cr.)	23.50
Earning Per Share (EPS)	₹71.53 per Equity Share
P/E Ratio (P/E) (x)	30.05
Post P/E Ratio (P/E) (x)	54.95
Return on Net Worth (RoNW) (%)	7.80
Return on equity (ROE) (%)	8.17
Return on Capital Employed (ROCE) (%)	17.19
Debt/Equity Ratio	0.95
Price/Book Value Ratio	3.77

Greenhitech Ventures IPO GMP Live Update, Kostak Rate day by day

Date	GMP	Kostak	Subject to
Today	₹15	–	–
10 April 2024	₹15	–	–
9 April 2024	₹12	–	–

Greenhitech Ventures IPO Detail Video:

Greenhitech Ventures IPO Subscription Status (Bidding Detail)

The Greenhitech Ventures IPO on April 16, 2024 at 7:20:00 PM was subscribed 769.95 times, with the retail category being subscribed 597.41 times, the other category being subscribed 921.60 times.

Category	Subscription
Other	921.60x
Retail	597.41x
Total	769.95x

Greenhitech Ventures IPO Prospectus

Greenhitech Ventures IPO DRHP	Download
Greenhitech Ventures IPO RHP	Download

Greenhitech Ventures IPO Rating

Our Rating

3.0/5.0

Greenhitech Ventures Company Contact Information

Greenhitech Ventures Limited

Registered Office: B27/92 K1 Jawahar Nagar Colony, Bhelupura Varanasi-221010, Uttar Pradesh, India
Tel No.: +91-9336875025
Email: info@greenhitech.org
Website: www.greenhitech.org
Contact Person: Mrs. Senha Jain, Company Secretary and Compliance Officer.
Our Promoters: Mr. Naved Iqbal and Mr. Mohammad Nadeem

Greenhitech Ventures IPO Registrar

Link Intime India Private Limited

Registered Office: D-153A, 1st Floor, Okhla Industrial Area Phase-I, New Delhi – 110020, India
Tel. No.: 011-40450193-197
Email: ipo@skylinerta.com
Website: www.skylinerta.com
Investor Grievance Email: grievances@skylinerta.com
Contact Person: Mr. Anuj Kumar
SEBI Registration No.: INR000003241

Greenhitech Ventures IPO Lead Manager

Registered Office: B 1311-1314, Thirteenth Floor, Shilp Corporate Park, Rajpath Rangoli Road, Thaltej, Ahmedabad- 380054, Gujarat, India.
Tel. No.: +91-79-48407357
Email: mb@beelinemb.com
Website: www.beelinemb.com
Investor Grievance Email: ig@beelinemb.com
Contact Person: Mr. Nikhil Shah
SEBI Registration No.: INM000012917

Greenhitech Ventures IPO FAQs