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Hi-Green Carbon Ltd

Chemicals

Offer Period :

21st to 25th Sep 2023

Hi-Green Carbon Ltd IPO Details

IPO Date 21st to 25th 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 ₹ [-]
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per Share Shareholding Pre Issue 19000000 Shares
Issue Type Book Building - SME Shareholding Post Issue 24990000 Shares
IPO Date 21st to 25th 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
Total Issue Size ₹52.8 Crores
Employee Discount ₹0 per share
Issue Type Book Building - SME
Minimum Investment ₹120000 / 1 Lots
Maximum Investment ₹120000 / 1 Lots
Fresh Issue ₹44.93 Crores
Offer For Sale ₹[-] Crores
Retail Discount ₹0 Crores
Shareholding Pre Issue 19000000 Shares
Shareholding Post Issue 24990000 Shares

About Hi-Green Carbon Ltd IPO

Founding Head: 2011

Managing Director: [-]

Hi Green Carbon Private Limited Timeline

Important dates for allocation and IPO listing.

21st Sep

IPO Opens

25th Sep

IPO Close

28th Sep

Allotment Date

29th Sep

Initiation of Refund

3rd Oct

Credit of Shares to Demat Account

-

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

Hi-Green Carbon Ltd IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1600 ₹120000
Retail (Max) 1 1600 ₹120000
S HNI (Min) 2 3200 ₹240000
S HNI (Max) 8 12800 ₹960000
B HNI (MIN) 9 14400 ₹1080000

Hi-Green Carbon Ltd IPO Anchor Investor Details

Bid Date
Shares Offered
Anchor Portion Size

Hi-Green Carbon Ltd IPO Registrar

MUFG 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 Financial Information

Period Ended March 31, 2024 March 31, 2023 March 31, 2022
Net Worth ₹75.52 ₹24.27 ₹11.92
Reserves and Surplus ₹50.53 ₹5.27 ₹-7.08
Total Borrowing ₹24 ₹13.62 ₹15.87

Hi-Green Carbon Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Qualified Institutional Buyers (QIBs) 0 0 0
Non Institutional Investors (NIIs) 0 235664000 0
NII(Bid amount of more than Ten Lakh Rupees) 0 0 0
NII(Bid amount of more than 2 Lakh < 10 Rupees) 0 0 0
Retail Individual Investors (RIIs) 0 454904000 0
Total 0 783121600 111.2389

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

-

Hi-Green Carbon Ltd Financials

Particulars For the financial year ending (in ₹ million)
  2024 2023
Total Assets 105.37 45.48
Total Liabilities 105.37 45.48
Total Expenses 56.61 62.36
Total Revenue 
70.61 78.35
Profit After Tax 10.28 12.35
EBITDA 18.25 20.41
Adjusted EBITDA 0 0

Hi Green Carbon Private Limited IPO Contact Details

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. MUFG 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 MUFG 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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