The Hi-Green Carbon IPO date has been announced. The IPO will begin on September 21 and end on September 25. Hi-Green Carbon is an NSE SME IPO that will raise 52.80 crore through the IPO. The Hi-Green Carbon IPO price band is set at 71 to 75 cents per share, with a market lot of 1600 shares.
Hi-Green Carbon is in the waste tyre recycling business. Their production facility uses a continuous pyrolysis technique. It is a continuous working method with a continuous feeding and discharging system that is controlled by a program logic controller system. The procedure is completely automated and requires little to no human participation. They process the end-of-life tyres (ELT) parts after continuous pyrolysis to produce energy components and raw materials. Under the Raw Material Category,
Their main products are Recovered Carbon Black (rCB) and Steel Wires, while under the Energy Components Category, their main goods are fuel oil and synthesis gas. To maximize energy efficiency, they use the synthesis gas created as a byproduct of the pyrolysis process to manufacture sodium silicate, also known as raw glass.
Hi-Green Carbon adheres to the best quality practices and is in accordance with the highest environmental, health, and safety (EHS) standards in the recycling industry. At the company’s manufacturing plant in Rajasthan, advanced Supervisory Control and Data Acquisition (SCADA) systems are used in an integrated recycling operation. Their manufacturing facility in Rajasthan is equipped to recycle 100 MT of scrap tyres each day. The organization has been certified with ISO 14001:2015 Environmental Management Measures, ISO 45001:2018 Occupational Health and Safety Management Standards, ISO 9001:2015 Quality Management Standards, Good Manufacturing Practice (GMP), and RoHS. In terms of sustainability criteria, their product complies with REACH.
The company is proposing a new production plant in Maharashtra’s Dhule area with a capacity of 100 MT of discarded tyres per day. Their organization has already purchased 21,500 square meters of property for this reason. The aforementioned development will increase the company’s existing tyre processing capability.
Hi-Green Carbon IPO Date & Price Band Details
| IPO Open: | September 21, 2023 |
| IPO Close: | September 25, 2023 |
| IPO Size: | Approx ₹52.80 Crores, 7,040,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹71 to ₹75 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
Hi-Green Carbon IPO Market Lot
The Hi-Green Carbon IPO minimum market lot is 1600 shares with a ₹120,000 application amount.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1600 | ₹120,000 |
| Retail Maximum | 1 | 1600 | ₹120,000 |
| S-HNI Minimum | 2 | 3200 | ₹240,000 |
Objects of the Issue:
- Setting up a new Manufacturing Unit at Maharashtra
- To Meet Working Capital Requirements
- General Corporate Purpose
- To meet Public Issue Expenses
Hi-Green Carbon IPO Review
- To be updated soon
Hi-Green Carbon IPO Dates
The Hi-Green Carbon IPO date is September 21, and the IPO close date is September 25. The IPO allotment date is September 28, and the IPO might list on October 4.
| IPO Open Date: | September 21, 2023 |
| IPO Close Date: | September 25, 2023 |
| Basis of Allotment: | September 28 2023 |
| Refunds: | September 29, 2023 |
| Credit to Demat Account: | October 3, 2023 |
| IPO Listing Date: | October 4, 2023 |
Hi-Green Carbon IPO Form
How to apply Hi-Green Carbon IPO? –> You can apply for Hi-Green Carbon IPO using ASBA from your bank account. Simply log in to your online bank account and apply through your bank account by selecting the Hi-Green Carbon IPO in the Invest section. Another alternative is to apply for the Hi-Green Carbon IPO using IPO forms downloaded from the NSE website.
Hi-Green Carbon Company Financial Report
| Year(₹ in Crores) | Revenue | Expense | PAT |
|---|---|---|---|
| 2021 | ₹24.29 | ₹24.16 | ₹0.10 |
| 2022 | ₹51.14 | ₹46.47 | ₹3.68 |
| 2023 | ₹79.04 | ₹62.901 | ₹10.85 |
Hi-Green Carbon IPO Valuation: FY2023
Check Hi-Green Carbon IPO valuation details like Earning Per Share (EPS), Price/Earnings P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹5.71 per Equity Share |
| Price/Earning P/E Ratio: | 5.71 |
| Return on Net Worth (RoNW): | 48.02% |
| Net Asset Value (NAV): | ₹11.89 per Equity Share |
Peer Group
- NA
Hi-Green Carbon IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918-6270
Email: higreencarbon.ipo@linkintime.co.in
Website: https://linkintime.co.in
Company Address
Hi-Green Carbon Limited
G-557, Lodhika Industrial Estate,
Metoda G.I.D.C. Gate No. 3, Metoda,
Lodhika Rajkot: 360021
Phone: +91 92275 74010
Email: compliance@higreencarbon.com
Website: https://www.higreencarbon.com
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
- Mr. Koosh Chetankumar Dethariya
Hi-Green Carbon IPO Lead Managers aka Merchant Bankers
- Beeline Broking Ltd
Hi-Green Carbon IPO FAQs:
Q1. What is Hi-Green Carbon IPO?
Ans. Hi-Green Carbon IPO is an NSE SME IPO. They are going to raise ₹52.80 crore via IPO. The issue is priced at ₹71 to ₹75 per equity share. The IPO is to be listed on the NSE.
Q2. When Hi-Green Carbon IPO will open?
Ans. The IPO is to open on September 21, 2023 for QIB, NII, and Retail Investors.
Q3. What is Hi-Green Carbon IPO Investors Portion?
Ans. The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
Q4. How to Apply the Hi-Green Carbon IPO?
Ans. You can apply Hi-Green Carbon IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
Q5. How to Apply the Hi-Green Carbon IPO through Zerodha?
Ans. Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Hi-Green Carbon”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.
Q6. How to Apply the Hi-Green Carbon IPO through Upstox?
Ans. Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Hi-Green Carbon”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.
Q7. How to Apply the Hi-Green Carbon IPO through Paytm Money?
Ans. Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Hi-Green Carbon”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.
Q8. What is Hi-Green Carbon IPO Size?
Ans. Hi-Green Carbon IPO size is ₹52.80 crores.
Q9. What is Hi-Green Carbon IPO Price Band?
Ans. Hi-Green Carbon IPO Price Band is ₹71 to ₹75 per equity share.
Q10. What is Hi-Green Carbon IPO Minimum and Maximum Lot Size?
Ans. The IPO bid is 1600 shares with ₹120,000.
Q11. What is Hi-Green Carbon IPO Allotment Date?
Ans. Hi-Green Carbon IPO allotment date is September 28, 2023.
Q12. What is Hi-Green Carbon IPO Listing Date?
Ans. Hi-Green Carbon IPO listing date is October 4, 2023. The IPO to list on NSE SME.
