There is a lot of curiosity among stock market investors about energy sector shares. According to the information, a company named Hi-Green Carbon Limited is about to make its initial public offering. The company is making a fresh issue of shares worth ₹60 Crore through a public listing. If you are also interested in this upcoming IPO then read this article till the end because we have given all the information related to Hi-Green Carbon Limited IPO GMP Today.
Hi-Green Carbon Limited IPO GMP Today
There is good news for all the retail investors or high network investors who want to invest in the energy sector because a company named High Green Carbon Limited is coming up with its initial public offering in which shares worth ₹ 440000000 are coming through the fresh issue. And the remaining shares worth 8 crores are coming on offer for sale. Hi-Green Carbon Limited IPO According to the information of GMP Today, the subscription of IPO will open on 21 September 2023.
Hi-Green Carbon Limited IPO GMP Today
Purvashare IPO Allotment Status of IPO
The last date for subscribing to the IPO has been kept as 25 September 2023 and shares will be allotted to everyone by 28 September 2023. According to SEBI, this stock will start appearing in public listing by October 4. It is being told that the starting price is going to be between ₹ 71 to ₹ 75 per share of this Hi-Green Carbon Limited IPO GMP Today. There will be ₹1600 in one lot and hence the minimum investment will be around ₹120000.
Hi-Green Carbon Limited IPO GMP Today Overview
| Article | Hi-Green Carbon Limited IPO GMP Today |
| Organization | SEBI |
| Stock Exchange | BSE – NSE |
| Sector | Raw Material and Energy |
| Share Price | 71 to 75 Rupees |
| Year | 2023 |
| Total Offering | Around 52 Crore |
Hi-Green Carbon Limited Business Model
For those who do not know about Hi Green Carbon Limited Company, we would like to tell them that initially this company was also known as Shantol Hydrocarbon Limited. This company mainly deals in the best tire recycling. They have a plant in Rajasthan that recycles 100 metric tons of tires every day. This process is completely automated. According to the Hi-Green Carbon Limited Business Model, after recycling, the company receives steel wire, world carbon black, synthesis gas, and fuel oil by sending which the company gets maximum profit.
Hi-Green Carbon Limited IPO Important Dates
As you all know with the help of the National Stock Exchange and Mumbai Stock Exchange, an Indian company Hi Green Carbon Limited is going to bring its initial public offering with the help of which its aim is to raise funding around ₹ 55 crore. Below we have given some important dates related to this event:
- IPO Open Date: Thursday, September 21, 2023
- IPO Close Date: Monday, September 25, 2023
- Basis of Allotment: Thursday, September 28, 2023
- Initiation of Refunds: Friday, September 29, 2023
- Credit of Shares to Demat: Tuesday, October 3, 2023
- Listing Date: Wednesday, October 4, 2023
- Cut-off time for UPI mandate confirmation: 5 PM on September 25, 2023
Hi-Green Carbon Limited IPO Objectives
Everyone knows that Hi Green Carbon Limited is a profitable company whose future is going to be very good, then why is the company doing its Initial Public Offering instead of being a private limited company? The purpose of this public listing is to raise funding so that the company can expand and open another manufacturing unit in Maharashtra. This unit will also recycle 100 metric tons of tires in a day, similar to the unit in Rajasthan. Funding will also be required in the form of working capital and this money will also be used for many other corporate expenses. The money from Hi-Green Carbon Limited IPO Objective will now also be used in the public offering expenses of the company.
Hi-Green Carbon Limited Financials
Before investing money in any IPO, it is important to know and understand the business model of that company, information about promoters and other investors as well as all the financials of the company. To make your work easier, we have presented Hi-Green Carbon Limited’s financials in the table below:
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | ₹3,310.91 | ₹3,424.36 | ₹4,387.83 |
| Revenue | ₹2,429.39 | ₹5,113.95 | ₹7,903.90 |
| Profit After Tax | ₹9.59 | ₹367.95 | ₹1,084.78 |
| Net Worth | ₹806.28 | ₹1,174.23 | ₹2,259.02 |
| Reserves and Surplus | -1,093.72 | -725.77 | ₹359.02 |
| Total Borrowing | ₹1,783.10 | ₹1,586.70 | ₹1,362.19 |
Amount in ₹ Lakhs
Hi-Green Carbon Limited Promoter Holding
The list of promoters of the company includes the names of many big businessmen and investors who currently own 100% of the company but after the public offering, it will reduce to 71%. The list of Hi-Green Carbon Limited Promoter Holding includes M/S RNG Finlease Private Limited, Mr. Amitkumar Hasmukhrai Bhalodi, Dr. Shaileshkumar Vallabhdas Makadia, Mrs. Krupa Chetankumar Detharia, Mrs. Radhika Amitkumar Bhalodi, Mrs. Shriyakumari Shaileshkumar Makadia, and Mr. Koosh Chetankumar Detharia.
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FAQs on Hi-Green Carbon Limited IPO GMP Today
When would allotment happen?
28th September.
What is the number of shares in a lot?
1600.