Hi-Green Carbon Limited IPO Details, Price, Dates, GMP

Hi-Green Carbon Limited IPO: Hi-A book-built issue of Rs 52.80 crores is the Hi-Green Carbon IPO. The offering consists of an offer for sale of 10.5 lakh shares worth Rs 7.88 crores and a fresh issue of 59.9 lakh shares totaling Rs 44.93 crores.

Price range for the Hi-Green Carbon IPO is set at 71 to 75 cents per share. The minimum lot size for a request is 1600 shares. Retail investors are required to make investments of at least 120,000. For HNI, two lots (3,200 shares) are the required minimum investment, which costs $240,000.

Hi-Green Carbon Limited IPO

The subscription period for the Hi-Green Carbon IPO begins on September 21, 2023, and ends on September 25, 2023. On September 28, 2023, the Hi-Green Carbon IPO’s allotment is anticipated to be completed. The proposed listing date for the Hi-Green Carbon IPO on NSE SME is set for Wednesday, October 4, 2023.

The registrant for the Hi-Green Carbon IPO is Link Intime India Private Ltd, and the book running lead manager is Beeline Broking Ltd. Spread X Securities is the market maker for the Hi-Green Carbon IPO.

Hi-Green Carbon Limited IPO Overview

Hi-Green Carbon Company Overview
Company Name Hi-Green Carbon Limited
IPO Opening Date 21 September, 2023
IPO Closing Date 25 September, 2023
Face Value 10₹ Per Share
Share Price Range 71₹ – 75₹ Per Share
Lot Size 1600 Shares
Issue Type Book Built Issue IPO
Total IPO Issue Size 7,040,000 Shares
Fresh Issue Size 5,990,000 Shares
IPO Listing At NSE SME
Share Holding Pre Issue 19,000,000
Share Holding Post Issue 24,990,000
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Hi-Green Carbon Limited IPO Lot Size

Hi-Green Carbon IPO Lot Size
Minimum Retail Applications 1 Lot
Maximum Retail Applications 1 Lot
Minimum HNI Applications 2 Lots
Total Shares In Single Lot 1600 Shares
Amount For Single Lot 1,20,000 Rupees


Hi-Green Carbon Limited IPO Time Table (Tentative)

Hi-Green Carbon IPO Time Table Complete Details
IPO Initiation Date 21 September, 2023
IPO Ending Date 25 September, 2023
Basis Of Allotment 28 September, 2023
Initiation Of Refund 29 September, 2023
Shares Credit To Demat Account 03 October, 2023
Date Of Listing 04 October, 2023
Cut Off Time For UPI Mandate Confirmation (5 PM) 21 September, 2023


Hi-Green Carbon Limited IPO Reservation Details

Hi-Green Carbon IPO Reservation Overview
Shares Offered To Retailers Not Less Than 35% Of Net Offer
Shares Offered To HNI Not Less Than 15% Of Net Offer
Shares Offered To QIB Not More Than 50% Of Net Offer


Hi-Green Carbon Limited Company Financials

Hi-Green Carbon Company Financials Information
This Data Is Of 31 march, 2023
Total Revenue 7,903.90 Cr
Assets 4,387.83 Cr
Profit After Tax 1,084.78 Cr
Net Worth 2,259.02 Cr
Reserves And Surplus 359.02 Cr
Debt 1,362.19 Cr


Is Hi-Green Carbon Limited IPO Review

The company, which operates in the renewable energy sector, has capacity doubling up its sleeve. It aims to create wealth out of waste. The business reported stellar results for FY22 and FY23. The issue is fully valued given its super earnings for FY23. Investors with sufficient knowledge may set aside some money for medium- to long-term gains.


What Is The Objective Of Hi-Green Carbon Limited IPO Issue?

The following objectives will be supported by the most recent issue’s proceeds:

  • Establishing a new manufacturing facility in Maharashtra.
  • To Meet the Needs for Working Capital.
  • Broader corporate objectives.
  • In order to cover public issue costs.


How To Apply For Hi-Green Carbon Limited IPO?

  • Log in to Console by visiting the webpage for Your Broker.
  • Click the IPOs link under Portfolio.
  • Click the “Bid” button in the “Hi-Green Carbon IPO” row.
  • Enter the Price, Quantity, and UPI ID.
  • “Submit” your IPO application.
  • Log into the UPI App (or BHIM, or online banking) to authorize the mandate.

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