Hi Green Carbon IPO: Date, Price, IPO GMP today, Review, Details

Hi-Green Carbon IPO

Hi Green Carbon Limited, a venture of the Radhe Group of Energy, is making waves in the renewable energy sector with its innovative approach to waste hydrocarbon processing. With a focus on sustainability and reducing greenhouse gas emissions, Hi Green Carbon is leading the way in producing valuable products like Recovered Carbon Black (rCB).

In this article, we will explore the details of Hi-Green Carbon’s upcoming Initial Public Offering (IPO)

Hi Green Carbon IPO Details

IPO DateSeptember 21, 2023 to September 25, 2023
Face Value₹10 per share
Price Band₹71 to ₹75 per share
Lot Size1600 Shares
Total Issue Size7,040,000 shares
(aggregating up to ₹52.80 Cr)
Fresh Issue5,990,000 shares
(aggregating up to ₹44.93 Cr)
Offer for Sale1,050,000 shares of ₹10
(aggregating up to ₹7.88 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Share holding pre issue19,000,000
Share holding post issue24,990,000

Hi Green Carbon IPO Dates:

Hi Green Carbon IPO opens on September 21, 2023, and closes on September 25, 2023.

IPO Open DateThursday, September 21, 2023
IPO Close DateMonday, September 25, 2023
Basis of AllotmentThursday, September 28, 2023
Initiation of RefundsFriday, September 29, 2023
Credit of Shares to DematTuesday, October 3, 2023
Listing DateWednesday, October 4, 2023
Cut-off time for UPI mandate confirmation5 PM on September 25, 2023

Hi-Green Carbon IPO is a book-built issue of Rs 52.80 crores. The issue consists of a fresh issue of 59.9 lakh shares, aggregating to Rs 44.93 crores, and an offer for sale of 10.5 lakh shares, aggregating to Rs 7.88 crores.

The IPO opens for subscription on September 21, 2023, and closes on September 25, 2023. The allotment for the Hi-Green Carbon IPO is expected to be finalized on Thursday, September 28, 2023. The IPO will list on NSE SME with a tentative listing date fixed as Wednesday, October 4, 2023.

Hi Green Carbon IPO GMP:

DateGMPKostakSubject to
17 September₹20₹-₹24000
14 September₹-₹-₹-

Hi Green Carbon Company Overview

Hi-Green Carbon Limited, previously known as Shantol Green Hydrocarbons (India), was incorporated in 2011. The company specializes in the business of waste tire recycling. Its manufacturing plant, located in Rajasthan, operates on a continuous pyrolysis process, which is an uninterrupted working method with a continuous feeding and discharging system controlled by a program logic controller system. The plant has a capacity of recycling 100 MT waste tires per day.

The company’s product portfolio includes Recovered Carbon Black (rCB) and Steel Wires under the Raw Material Category, Fuel Oil and Synthesis Gas under the Energy components category. Hi-Green Carbon is planning to construct a new manufacturing plant in the Dhule district of Maharashtra, with a capacity of recycling 100 MT waste tires per day.

Financial Performance:

Hi Green Carbon IPO Financial Information (Restated Standalone):

Period Ended31 Mar 202131 Mar 202231 Mar 2023
Profit After Tax₹9.59₹367.95₹1,084.78
Net Worth₹806.28₹1,174.23₹2,259.02
Reserves and Surplus-1,093.72-725.77₹359.02
Total Borrowing₹1,783.10₹1,586.70₹1,362.19

Key Performance Indicators:

  • P/E (x): 13.13
  • Post P/E (x): 17.28
  • Market Cap (₹ Cr.): 187.43
  • ROE: 63.19%
  • ROCE: 64.70%
  • Debt/Equity: 0.6
  • EPS (Rs): 5.71
  • RoNW: 48.02%

FAQs (Frequently Asked Questions)

What is Hi Green Carbon Limited’s IPO price band?

The price band for Hi-Green Carbon Limited’s IPO is ₹71 to ₹75 per share.

What is the minimum lot size for Hi-Green Carbon Limited’s IPO?

The minimum lot size for Hi-Green Carbon Limited’s IPO is 1600 shares.

When does the subscription period for Hi-Green Carbon Limited’s IPO start and end?

The subscription period for Hi-Green Carbon Limited’s IPO starts on September 21, 2023, and ends on September 25, 2023.

What is the listing date for Hi Green Carbon Limited’s IPO?

The listing date for Hi-Green Carbon Limited’s IPO is tentatively set as Wednesday, October 5, 2023.

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