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
- Recovered Carbon Black
- Toners and Printing Inks
- Tyres and Industrial Rubber Products
- Activated carbon
- As a fuel
- Fuel Oil
- Sodium Silicate
- 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|
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.
|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.
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.
|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|
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
|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.
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
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
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: firstname.lastname@example.org
Investors Grievance Id: email@example.com
Contact Person: Shanti Goapalkrishnan
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: firstname.lastname@example.org
Investors Grievance Id: email@example.com
Contact Person: Mr. Nikhil Shah
Hi Green Carbon IPO FAQs
What is the lot size of Hi Green Carbon IPO?
The total size of Hi Green Carbon IPO is ₹52.80 crores out of which ₹44.93 crores is fresh issue and ₹7.88 crores is offer for sale (OFS).
When will Hi Green Carbon IPO start?
Hi Green Carbon IPO will open from 21 September 2023 and IPO will close on 25 September 2023.
What is the open date of Hi Green Carbon IPO?
Hi Green Carbon IPO will open date from 21 September 2023.
What is the last date ( close date ) of Hi Green Carbon IPO?
Hi Green Carbon IPO will close from 25 September 2023.
What is the price band of Hi Green Carbon IPO?
Hi Green Carbon IPO price band is ₹71 to ₹75 . ( Upper Price Band: ₹75, Lower Price Band: ₹71 )
What is the minimum amount required to apply for Hi Green Carbon IPO?
The minimum investment for retailers to apply for Hi Green Carbon IPO is ₹120,000 and the maximum investment is ₹120,000.
What is going on gray market premium of Hi Green Carbon IPO?
View gray market premium of Hi Green Carbon IPO by Clicking Here
How much is the GMP of Hi Green Carbon IPO?
Watch Hi Green Carbon IPO GMP Today: Click Here
What is the allotment date of Hi Green Carbon IPO?
The allotment date of Hi Green Carbon IPO is 28 September 2023.
How to check allotment status in Hi Green Carbon IPO?
To check the allotment status of Hi Green Carbon IPO, first of all go to the registrar website by clicking here, select your bad Hi Green Carbon IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Hi Green Carbon IPO?
The listing date of Hi Green Carbon IPO is 4 October 2023.
How much will be the listing gain in Hi Green Carbon IPO?
View listing gain of Hi Green Carbon IPO by Clicking Here
How much time Hi Green Carbon IPO is subscribed?
Total 168.92 times subscribed in Hi Green Carbon IPO out of which 196.35 times subscription was done in retail quota, 236.76 times subscription in NII quota and 69.95 times subscription in QIB quota.
How to apply for Hi Green Carbon IPO from Upstox?
Click Here to see how to apply for Hi Green Carbon IPO from Upstox. (step by step)
How to apply for Hi Green Carbon IPO from Zerodha?
Click Here to see how to apply for Hi Green Carbon IPO from Zerodha. (step by step)
How to apply for Hi Green Carbon IPO from Angle One?
Click Here to see how to apply for Hi Green Carbon IPO from Angle One. (step by step)