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.
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 |
| Check More IPO’s | Check Here |
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.