Hi-Green Carbon Ltd

Chemicals

Offer Period :

21st to 9th Sep 2023

Founded in 2011, Hi-Green Carbon Limited, formerly Shantol Green Hydrocarbons, specializes in waste tyre recycling. Operating a state-of-the-art plant in Rajasthan, the company produces Recovered Carbon Black, Steel Wires, Fuel Oil, and Synthesis Gas. Read more... With certifications in environmental, health, safety, and quality standards, they plan to expand operations in Maharashtra.Read less

Hi-Green Carbon Ltd IPO Details

IPO Date 21st to 9th Sep 2023 Minimum Investment ₹120000 / 1 Lots
Listing Date 2023-09-28 Maximum Investment ₹120000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹52.8 Crores
Price ₹75 to ₹75 per share Fresh Issue ₹44.93 Crores
Lot Size 1 Lots (1600 Shares) Offer For Sale ₹ 7.87
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 21st to 9th Sep 2023
Listing Date 2023-09-28
Face Value ₹10 per share
Price ₹75 to ₹75 per share
Lot Size 1 Lots (1600 Shares)
Listing At NSE-SME
Employee Discount ₹0 Crores
Minimum Investment ₹120000 / 1 Lots
Maximum Investment ₹120000 / 1 Lots
Total Issue Size ₹52.8 Crores
Fresh Issue ₹44.93 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

21st Sep

IPO Starts

25th Sep

IPO Ends

28th Sep

Allotment Date

29th Sep

Initiation of Refund

3rd Oct

Credit of Shares to Demat Account

28th Sep

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 100 71.83
Public Group 0 28.17

Hi-Green Carbon Ltd IPO Reservation

QIB Shares Offered 1325600(18.83%)
NII (HNI) Shares Offered 992880(14.1%)
Retail Shares Offered 2316720(32.91%)
Anchor Investor Shares Offered 1984000(28.18%)
Total Shares Offered 7040000
Total Shares With Anchor Investor 7040000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Hi-Green Carbon Ltd IPO Registrar

Link Intime India Pvt Ltd
Phone Number +91 810 811 4949;
Email Id higreencarbon.ipo@linkintime.co.in
Our Website www.linkintime.co.in

Hi-Green Carbon Ltd IPO Lead Manager

1. Beeline Capital Advisors Pvt Ltd

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Hi-Green Carbon Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Hi-Green Carbon Ltd

1. Experienced Promoters and Management Team.

2. Strategic Location of Manufacturing Facilities.

3. Innovative Technology.

4. Quality assurance.

5. Permanent Demand and Wide Application of Product.

Risks Involved

1. The company Promoters are party to certain litigation and claims. These legal proceedings are pending at different levels of adjudication before various regulatory authorities. Any adverse decision may make it liable to liabilities/ penalties and may adversely affect its reputation, business and financial status.

2. The company Registered Office from where itsoperate is not owned by it.

3. The Company is planning to set up new Manufacturing Unit at Dhule District in the state of Maharashtra.

4. Out of total estimated cost of Machinery of Rs. 3138.03 lakhs, machinery worth Rs. 2000 lakhs are to be purchased from Radhe Renewal Energy Development Private limited (related entity) and also its yet to place order for purchase of Machinery worth Rs. 2738.03 Lakhs which constitutes 84.95% of the total cost of Machinery.

5. Total estimated cost of Contingencies of Rs.150.00 Lakhs included in the Project cost is to be funded from the proceeds of the issue is on adhoc basis.

6. The Company is dependent on few numbers of customers for sales. Loss of any of this large customer may affect its revenues and profitability.

7. The company highly depend on its major raw materials and a few key suppliers who help it procure the same. The Company has not entered into long-term agreements with its suppliers for supply of raw materials. In the event its unable to procure adequate amounts of raw materials, at competitive prices the company business, results of operations and financial condition may be adversely affected.

8. The price, at which the company is able to obtain the raw material for manufacture of the finished products depend largely on prevailing market prices. Increase in costs of the raw materials could have a material adverse effect on the Company's sales, profitability and results of operations.

9. The company's conduct the business activities on a purchase order basis and therefore, have not entered into long-term agreements with its customers.

10. Production Capacity related information of the Company included in this Draft Red Herring Prospectus has been disclosed based on certificate from a Chartered Accountant. There can be no assurance that such information is either complete or accurate.

Why should you invest in

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Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Hi-Green Carbon Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2023-09-28 91663 HIGREEN
INE0PIC01017
₹75 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹75 ₹75
Open ₹0 ₹77
Low ₹0 ₹75.45
High ₹0 ₹80.85
Low ₹0 ₹75.45

Frequently Asked Questions

What is Hi-Green Carbon Ltd IPO?

Answer Field

Hi-Green Carbon Ltd IPO is a SME IPO of 70,40,000 equity shares of a face value of ₹10 aggregating up to ₹52.8 Crores. The issue is priced at ₹75 to ₹75 per share. The minimum order quantity is 1600 Shares. The IPO opens on September 21, 2023, and closes on September 25, 2023. Link Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Hi-Green Carbon Ltd IPO will open?

Answer Field

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

What is the lot size of Hi-Green Carbon Ltd?

Answer Field

Hi-Green Carbon Ltd lot size is 1600 shares, and the minimum amount required is ₹1,20,000.

How to apply for Hi-Green Carbon Ltd IPO?

Answer Field

You can apply in Hi-Green Carbon Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Hi-Green Carbon Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Hi-Green Carbon Ltd IPO will be done on September 28, 2023, and the allotted shares will be credited to your demat account by October 03, 2023.

When is Hi-Green Carbon Ltd IPO listing date?

Answer Field

The Hi-Green Carbon Ltd listing date is September 28, 2023.

Who is the registrar of Hi-Green Carbon Ltd IPO?

Answer Field

The registrar of Hi-Green Carbon Ltd IPO is Link Intime India Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Beeline Capital Advisors Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Hi-Green Carbon Ltd IPO?

Answer Field

The fresh issue size is ₹44.93 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Hi-Green Carbon Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1600 shares and ₹1,20,000 amount.

How can I approve the UPI mandate request for Hi-Green Carbon Ltd IPO?

Answer Field

To apply for Hi-Green Carbon Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Hi-Green Carbon Ltd?

Answer Field

The price of each Hi-Green Carbon Ltd share will be ranging in between ₹75 to ₹75 per share.

What is the cut-off time for the UPI mandate for Hi-Green Carbon Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, September 25, 2023.

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