Hi Green Carbon IPO Details | GMP, Date, Price, Review

Hi Green Carbon IPO Details ( Hi-Green Carbon Limited IPO Review )

(21 Sep 2023 – 25 Sep 2023)

Founded in 2011, Hi-Green Carbon Limited, formerly known as Shantol Green Hydrocarbons (India), is in the business of recycling waste tires.

Hi-Green Carbon has a manufacturing plant in Rajasthan that uses a continuous pyrolysis process. This is an automated process controlled by a program logic controller system, which means it operates without interruption, with continuous feeding and discharging, and minimal human intervention. The plant can recycle 100 metric tons of waste tires every day.

The company’s product lineup includes Recovered Carbon Black (RCB) and Steel Wires in the Raw Material category, as well as Fuel Oil and Synthesis Gas in the Energy components category. The Synthesis Gas is used in making sodium silicate, also known as raw glass.

Hi-Green Carbon is planning to build a new manufacturing plant in the Dhule district of Maharashtra, spanning 21,500 square meters, with the same 100 metric tons per day tire recycling capacity.

The company holds several certifications, including Environmental Management (ISO 14001:2015), Occupational Health & Safety Management (ISO 45001:2018), Quality Management (ISO 9001:2015), Good Manufacturing Practice (GMP), and RoHS. Their product is also compliant with REACH sustainability standards.

Hi-Green Carbon Limited Company Product

1. Recovered Carbon Black
   • Plastics
   • Toners and Printing Inks
   • Coatings
   • Tyres and Industrial Rubber Products
   • Activated carbon
   • As a fuel
2. Fuel Oil
3. Sodium Silicate
4. Steel Wires

Hi-Green Carbon Limited IPO Competitive Strength

• Experienced Promoter and Management Team
• Strategic Location of Manufacturing Facilities
• Innovative Technology
• Quality assurance
• Permanent Demand and Wide Application of Product

Hi-Green Carbon IPO Financials Performance ( Results )

Hi-Green Carbon Limited Financial Information (Restated Standalone)

All Amount in ₹ Lakhs

Period Ended	Total Assets	Total Revenue	PAT	EPS (₹)	Net Worth	NAV (₹)	Reserves	Borrowing
31-Mar-21	3,310.91	2,429.39	9.59	0.05	806.28	4.24	-1,093.72	1,783.10
31-Mar-22	3,424.36	5,113.95	367.95	1.94	1,174.23	6.18	-725.77	1,586.70
31-Mar-23	4,387.83	7,903.90	1,084.78	5.71	2,259.02	11.89	359.02	1,362.19

Objective of IPO Issue

• Setting up of new Manufacturing Unit at Maharashtra.
• To Meet Working Capital Requirements.
• General Corporate Purpose.
• To meet Public Issue Expenses.

Hi Green Carbon IPO Basic Details

IPO Date	Sep 21, 2023 to Sep 25, 2023
Listing Date	Wednesday, October 4, 2023
Face Value	₹10 per share
Price	₹71 to ₹75 per share
Lot Size	1600 Shares
Issue Size	7,040,000 shares of ₹10 (aggregating up to ₹52.80 Cr)
Fresh Issue	5,990,000 shares of ₹10 (aggregating up to ₹44.93 Cr)
Offer for Sale	1,050,000 shares of ₹10 (aggregating up to ₹7.88 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Share holding pre issue	19,000,000
Share holding post issue	24,990,000
Company Promoters	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 Chetanbhai Dethariya

Hi Green Carbon IPO Reservation

QIB Shares Offered	50% of the Net Issue
NII (HNI) Shares Offered	15% of the Net Issue
Retail Shares Offered	35% of the Net Issue

Hi-Green Carbon IPO Timetable

Hi Green Carbon IPO will open on September 21, 2023 and close on September 25, 2023. You can join Hi Green Carbon IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.

Event	Date
Opening Date	21 September 2023 (Thursday)
Closing Date	25 September 2023 (Monday)
Basis of Allotment	28 September 2023 (Thursday)
Initiation of Refunds	29 September 2023 (Friday)
Credit of Shares to Demat	3 October 2023 (Tuesday)
Listing Date	4 October 2023 (Wednesday)
Deadline for UPI mandate confirmation	5 PM on 25 September 2023

Hi-Green Carbon IPO Lot Size

For retail investors in Hi-Green Carbon IPO, 1600 shares will come in 1 lot or the minimum investment will be ₹120,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹120,000.

Application	Lots	Shares	Amount
Retail (Min)	1	1600	₹120,000
Retail (Max)	1	1600	₹120,000
S-HNI (Min)	2	3200	₹240,000

Higreen Carbon IPO Promoter Holding

The company’s promoters include 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.

Pre Issue Share Holding	100.00%
Post Issue Share Holding	71.83%

Hi Green Carbon 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.)	187.43
Earning Per Share (EPS)	₹5.71 per Equity Share
Net Asset Value (NAV)	₹11.89 per Equity Share
P/E Ratio (P/E) (x)	13.13
Post P/E Ratio (P/E) (x)	17.28
Return on Net Worth (RoNW) (%)	48.02
Return on equity (ROE) (%)	63.19
Return on Capital Employed (ROCE) (%)	64.70
Debt/Equity Ratio	0.60

Hi Green Carbon Ltd Peer Comparison

Our company does not have comparable listed peer, therefore information related to peer group has not been provided.

Hi Green Carbon IPO GMP Live Update, Kostak Rate day by day

Date	GMP	Kostak	Subject to
Today	₹50	–	–
25 September 2023	₹50	–	–
24 September 2023	₹50	–	–
23 September 2023	₹50	–	–
22 September 2023	₹50	–	–
21 September 2023	₹50	–	–
20 September 2023	₹45	–	–
20 September 2023	₹45	–	–
19 September 2023	₹45	–	–
18 September 2023	₹42	–	–

Hi Green Carbon IPO Detail Video:

Hi Green Carbon IPO Subscription Status (Bidding Detail)

The Hi Green Carbon IPO on September 25, 2023 at 7:30:00 PM was subscribed 168.92 times, with the retail category being subscribed 196.35 times, the NII (Non-Institutional Investor) category being subscribed 236.76 times, QIB (Qualified-Institutional Buyers) category being subscribed 69.95 times.

Category	Subscription
QIB	69.95x
NII	236.76x
Retail	196.35x
Total	168.92x

Hi Green Carbon IPO Prospectus

Hi Green Carbon IPO DRHP	Download
Hi Green Carbon IPO RHP	Download
Hi Green Carbon IPO Anchor Investors Details PDF	Download

Hi Green Carbon IPO Rating

Our Rating

4.0/5.0

Hi Green Carbon Company Contact Information

Hi Green Carbon Limited

Registered Office: G-557, Lodhika Industrial Estate, Metoda G.I.D.C. Gate No. 3, Metoda, Lodhika Rajkot- 36002, Gujarat, India
Website: www.higreencarbon.com
E-Mail: compliance@higreencarbon.com
Telephone No: +91 92275 74010
Company Secretary and Compliance Officer: Mr. Sagar Dhirubhai Siyani
Promoters of Our Company: 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 Chetanbhai Dethariya

Hi Green Carbon IPO Registrar

Link Intime India Private Limited

SEBI Registration Number: INR000004058
Address: C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai,
Maharashtra, India – 400 083.
Tel. Number: +91 810 811 4949
Fax: +91 22 4918 6195
Email Id: higreencarbon.ipo@linkintime.co.in
Investors Grievance Id: higreencarbon.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Shanti Goapalkrishnan
CIN: U67190MH1999PTC118368

Hi Green Carbon IPO Lead Manager

Beeline Capital Advisors Private Limited

SEBI Registration Number: INM000012917
Address: B 1311-1314 Thirteenth Floor Shilp Corporate Park,
Rajpath Rangoli Road Thaltej Ahmedabad Gujarat 380054 India.
Telephone Number: +91 79 4918 5784
Email Id: mb@beelinemb.com
Investors Grievance Id: ig@beelinemb.com
Website: www.beelinemb.com
Contact Person: Mr. Nikhil Shah
CIN: U67190GJ2020PTC114322

Hi Green Carbon IPO FAQs