Greenhitech Ventures Limited trades various petroleum-based products tailored to diverse industry needs, including biofuels, bitumen, and furnace oils. The company actively engages in the operation and maintenance of ethanol manufacturing in government-owned distilleries.
Greenhitech Ventures Limited is a non-governmental company that provides business solutions to consumers of fuels and alternative materials across India.The company is well-known in the Purvanchal belt of Uttar Pradesh, India, and emphasizes “Effective, Efficient, and Economical” principles in all its services and supplies.
The company’s main office is located in Jawahar Nagar Colony, Bhelupura, Varanasi.
As on January 31, 2024 the Company employs 68 people including KMPs on payroll.
Greenhitech Ventures IPO – Details
| IPO Opening Date | 12 April 2024 |
| IPO Closing Date | 16 April 2024 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 12,60,000 Shares Worth ₹6.30 Crore Fresh Issue: 12,60,000 Shares Worth ₹6.30 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹50 |
| Market Lot | 3000 Shares |
| Min Order | 3000 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Skyline Financial Services Private Ltd |
| Retail Shares Offered | 50% |
| Other Shares Offered | 50% |
Greenhitech Ventures IPO – Date Schedule
| IPO Open Date | 12 April 2024 |
| IPO Close Date | 16 April 2024 |
| Basis of Allotment | 18 April 2024 |
| Initiation of Refund | 19 April 2024 |
| Credit of Shares to Demat Account | 19 April 2024 |
| IPO Listing Date | 22 April 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 16, 2024 |
Greenhitech Ventures IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 3000 | ₹1,50,000 |
| Retail (Maximum) | 1 | 3000 | ₹1,50,000 |
| HNI (Minimum) | 2 | 6000 | ₹3,00,000 |
Competitive Strengths
- Existing client relationship.
- Experienced Promoter and Management Expertise.
- Scalable Business Model.
- Timely fulfilment of orders.
- Eco- friendly products.
- Quality Assurance and Standards.
Company Promoters
- Mr. Naved Iqbal
- Mr. Mohammad Nadeem
Object Of The Issue
- To Meet Working Capital Requirement.
- General Corporate Purpose.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 40.07 | 39.67 | 0.24 | 1.14 |
| 31 March 2022 | 66.11 | 63.83 | 1.35 | 1.50 |
| 31 March 2023 | 25.04 | 24.06 | 0.57 | 3.47 |
| 31 January 2024 | 3.35 | 2.87 | 0.35 | 4.31 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 8.17% |
| ROCE | 17.19% |
| Debt/Equity | 0.95 |
| RoNW | 7.80% |
| P/BV | 3.77 |
| PAT Margin (%) | 10.62 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 1.66 | 0.91 |
| P/E (x) | 30.05 | 54.95 |
Greenhitech Ventures IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.19% |
Greenhitech Ventures IPO Prospectus
Company Contact Information
| Greenhitech Ventures Limited B27/92 K1 Jawahar Nagar Colony Bhelupura Varanasi- 221010 Phone: +91-9336875025 Email: info@greenhitech.org Website: https://www.greenhitech.org/ |
Greenhitech Ventures IPO Registrar
| Skyline Financial Services Private Ltd Phone: 02228511022 Email: ipo@skylinerta.com Website: https://www.skylinerta.com/ipo.php |
Greenhitech Ventures IPO Lead Manager(s)
| 1. Beeline Capital Advisors Pvt Ltd |
Greenhitech Ventures IPO FAQs
| What is Greenhitech Ventures IPO? DCG Cables & Wires IPO is a SME IPO. The issue is priced at ₹50 per equity share. The IPO is to be listed on BSE SME. |
| When Greenhitech Ventures IPO will open? The IPO is to open on 12 April 2024 for Retails – 50% and Others – 50% Investors. |
| How to Greenhitech Ventures IPO? You can apply for Greenhitech Ventures IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Greenhitech Ventures IPO through 5 Paisa? Log in to the 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Greenhitech Ventures”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with 5 Paisa. |
| How to Apply the Greenhitech Ventures IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Greenhitech Ventures”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Greenhitech Ventures IPO Size? Greenhitech Ventures IPO size is ₹6.30 crores. |
| What is Greenhitech Ventures IPO Price Band? Greenhitech Ventures IPO Price Band is ₹50. |
| What is Greenhitech Ventures IPO Minimum and Maximum Lot Size? The minimum bid is 3000 Shares with ₹1,50,000 amount while the maximum bid is 3000 shares with ₹1,50,000. |
| What is the Greenhitech Ventures IPO Allotment Date? Greenhitech Ventures IPO allotment date is 18 April 2024. |
| What is the Greenhitech Ventures IPO Listing Date? Greenhitech Ventures IPO listing date is 22 April 2024. The IPO is to list on BSE SME. |
