IPO

Hi-Green Carbon Limited IPO

NSE SME

Listed On: Sep 28, 2023 at ₹ 77.0

₹ 120000 /1600 Shares

Check Allotment

Hi-Green Carbon Limited IPO Details

21 Sep, 2023

Open Date

25 Sep, 2023

Close Date

26 Sep, 2023

Allotment Date

28 Sep, 2023

Listing Date

Issue Price

₹71-75 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Link Intime India Private Ltd

List Price

77.0

Listing Date

2023-09-28

Market Lot

1600 Shares (₹120,000/-)

Lead Manager

Beeline Broking Ltd

Issue Size

7,040,000 shares(aggregating up to ₹52.80 Cr)

Retail Portion

35%

Subscription

168.95 times

IPO Docs

DRHP

Hi-Green Carbon Limited IPO Subscription Details

As onQIB / NIIRetailTotal
Day 1 - 21-09-23 05:00 PM7.92/3.43 x10.89 x8.44 x
Day 2 - 22-09-23 05:00 PM10.86/19.00 x36.56 x25.46 x
Day 3 - 25-09-23 05:00 PM69.95/236.80 x196.35 x168.95 x

Hi-Green Carbon Limited Valuations

Earnings Per Share (EPS)

₹5.71/-

P/E Ratio

13.13

RoNW

48.02%

Net Asset Value (NAV) - Post Issue

₹N/A/-

Hi-Green Carbon Limited Company Financials All values are in ₹ Lakh

31-Mar-2331-Mar-2231-Mar-21
Assets4,387.833,424.363,310.91
Revenue7,903.905,113.952,429.39
Profit After Tax1,084.78367.959.59

About The Company

Hi-Green Carbon Limited, previously known as Shantol Green Hydrocarbons (India), is engaged in the business of waste tyres recycling.

Hi-Green Carbon's manufacturing plant is located in Rajasthan. The plant operates on a continuous pyrolysis process. It is an uninterrupted working method with a continuous feeding and discharging system controlled by the program logic controller system. It is a fully automatic process and requires almost no human intervention. The plant is installed with a capacity of recycling 100 MT waste tyres per day.

The company's product portfolio includes Recovered Carbon Black (rCB) and Steel Wires under the Raw Material Category, Fuel Oil and Synthesis Gas under the Energy components category. Synthesis Gas is further used in manufacturing sodium silicate commonly known as raw glass.

The company is planning to construct a new manufacturing plant in the Dhule district of Maharashtra, with a capacity of recycling 100 MT waste tyres per day, spanning across 21,500 sq. meters.

Hi-Green Carbon has been certified with Environmental Management Measures with ISO 14001:2015, Occupational Health & Safety Management standards with ISO 45001:2018, Quality Management Standards with ISO 9001:2015, Good Manufacturing Practice (GMP) and RoHS. Its product is REACH compliant in terms of sustainability standards.

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Hi-Green Carbon Limited - Promoter(s)

Pre Issue Share Holding: 100%

Post Issue Share Holding: 71.83%

Company Promoter(s)

Hi-Green Carbon Limited IPO - Issue Objectives

  1. Setting up of new Manufacturing Unit at Maharashtra.
  2. To Meet Working Capital Requirements.
  3. General Corporate Purpose.
  4. To meet Public Issue Expenses.

Hi-Green Carbon Limited IPO - FAQs

Ans. Hi-Green Carbon Limited IPO is a SME IPO. The issue is priced at ₹71-75 per equity share. The minimum order quantity is 1600 Shares. The IPO opens on Sep 21, 2023, and closes on Sep 25, 2023. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Hi-Green Carbon Limited IPO opens on Sep 21, 2023 and closes on Sep 25, 2023.

Ans. The size of Hi-Green Carbon Limited IPO is 7,040,000 shares(aggregating up to ₹52.80 Cr).

Ans. The IPO price band is set between ₹71-75 per equity share.

Ans. To apply for Hi-Green Carbon Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find Hi-Green Carbon Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of Hi-Green Carbon Limited IPO is Sep 26, 2023.

Ans. The Hi-Green Carbon Limited IPO will be listed on Sep 28, 2023.

Ans. Follow the steps to check the allotment status for Hi-Green Carbon Limited IPO here.