Greenhitech Ventures Limited IPO (Greenhitech Ventures IPO)

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

Greenhitech Ventures IPO – Details

IPO Opening Date12 April 2024
IPO Closing Date16 April 2024
Issue TypeFixed Price Issue IPO
Issue Size12,60,000 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 Lot3000 Shares
Min Order3000 Shares (1 Lot)
Listing AtBSE SME
RegisterSkyline Financial Services Private Ltd
Retail Shares Offered50%
Other Shares Offered50%

Greenhitech Ventures IPO – Date Schedule

IPO Open Date12 April 2024
IPO Close Date16 April 2024
Basis of Allotment18 April 2024
Initiation of Refund19 April 2024
Credit of Shares to Demat Account19 April 2024
IPO Listing Date22 April 2024
Cut-off time for UPI mandate confirmation5 PM on April 16, 2024

Greenhitech Ventures IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)13000₹1,50,000
Retail (Maximum)13000₹1,50,000
HNI (Minimum)26000₹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.
Greenhitech Ventures IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 202140.0739.670.241.14
31 March 202266.1163.831.351.50
31 March 202325.0424.060.573.47
31 January 20243.352.870.354.31
Amount in ₹ Crore

Key Performance Indicator

PAT Margin (%)10.62
EPS (Rs)1.660.91
P/E (x)30.0554.95

Greenhitech Ventures IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding73.19%

Greenhitech Ventures IPO Prospectus

Company Contact Information

Greenhitech Ventures Limited

B27/92 K1 Jawahar Nagar Colony
Varanasi- 221010

Phone: +91-9336875025

Greenhitech Ventures IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022

Greenhitech Ventures IPO Lead Manager(s)

1. Beeline Capital Advisors Pvt Ltd

Greenhitech Ventures IPO FAQs

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.
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