The Hi Green Carbon IPO commenced on September 21, 2023, and concluded on September 25, 2023. The allotment of shares took place on September 28, 2023, and the initiation of refunds began on September 29, 2023. The shares were credited to the demat accounts of investors on October 3, 2023. Finally, the listing of Hi Green Carbon on the stock exchange occurred on October 4, 2023.
The Hi Green Carbon IPO was priced at ₹71 to ₹75 per share, with a lot size of 1600 shares. The total issue size was ₹52.80 crores, comprising a fresh issue of ₹44.93 crores and an offer for sale of ₹7.88 crores. The IPO was listed on both the NSE and BSE.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.
Hi Green Carbon IPO Basic Details
|Company Name||Hi Green Carbon Limited|
|Domain of Company||Recycling Waste Tires|
|Hi Green Carbon IPO GMP Today||₹50|
|Hi Green Carbon IPO Listing Gain||66.67%|
|Hi Green Carbon IPO Open Date||September 21, 2023|
|Hi Green Carbon IPO Close Date||September 25, 2023|
|Hi Green Carbon IPO Allotment Date||September 28, 2023|
|Hi Green Carbon IPO Listing Date||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|
|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 GMP Today:
|Date||GMP||Listing Gain||Kostak||Subject to|
|19 September 2023||₹50||66.67%||–||–|
Hi Green IPO Details:
Founded in 2011, Hi-Green Carbon Limited, formerly known as Shantol Green Hydrocarbons (India), is in the business of recycling waste tires.
Their manufacturing facility is situated in Rajasthan and employs a continuous pyrolysis process. This means it operates non-stop with an automated feeding and discharging system controlled by a program logic controller system, requiring minimal human involvement. The plant can recycle 100 metric tons of waste tires daily.
The company’s product range consists of Recovered Carbon Black (rCB) and Steel Wires in the Raw Material Category, along with Fuel Oil and Synthesis Gas in the Energy category. Synthesis Gas is further used in making sodium silicate, also known as raw glass.
Hi-Green Carbon plans to build a new manufacturing plant in the Dhule district of Maharashtra, spanning 21,500 square meters, with the capacity to recycle 100 metric tons of waste tires daily.
They hold certifications for Environmental Management (ISO 14001:2015), Occupational Health & Safety (ISO 45001:2018), Quality Management (ISO 9001:2015), Good Manufacturing Practice (GMP), and RoHS. Their products meet REACH compliance standards for sustainability.
Hi Green Carbon IPO More Details Click Here
Hi Green Carbon IPO FAQs
When is Hi Green Carbon IPO open?
Hi Green Carbon IPO will open on 21 September 2023.
When is Hi Green Carbon IPO Close?
Hi Green Carbon IPO will be closed on 25 September 2023.
What is Hi Green Carbon IPO GMP Today?
The Hi Green Carbon IPO GMP aka Grey Market Premium is ₹50.
What is Hi Green Carbon IPO Kostak Rates Today?
The Hi Green Carbon IPO Kostak Rate is ₹000.
What is Hi Green Carbon IPO Subject to Sauda Price Today?
The Hi Green Carbon IPO subject to sauda rates is ₹000.
Hi Green Carbon IPO Expected Returns?
The Hi Green Carbon expected return is 66.67%.
How much will be the listing gain in Hi Green Carbon IPO?
Hi Green Carbon IPO will get listing gain of 66.67%. (Approx.)