Hi-Green Carbon Limited is engaged in the business of waste tyres recycling. Hi-Green Carbon Limited is a part of Radhe Group Energy, based at Rajkot, Gujarat. The company’s manufacturing plant operates on continuous pyrolysis process.
The company follow the highest quality practice and compliant with Highest Environmental, Health, and Safety (EHS) in recycle industries. The company has modern, Supervisory Control and Data Acquisition (SCADA) operated in integrated recycling plant at Hi-Green Carbon manufacturing plant situated in Rajasthan. The company’s production facility at Rajasthan is installed with capacity of recycling of 100 MT waste tyres per day.
The company 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.
The company is proposing a new manufacturing plant in Dhule district of Maharashtra, with capacity of recycling of 100 MT waste tyres per day. Hi-Green Carbon has already acquired land admeasuring 21,500 sq. meters for the said purpose.
Hi-Green Carbon IPO – Details
| IPO Opening Date | 21 September 2023 |
| IPO Closing Date | 25 September 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 70,40,000 Shares Worth ₹52.80 Crore Fresh Issue: 59,90,000 Shares Worth ₹44.93 Crore Offer For Sale: 10,50,000 Shares Worth ₹7.88 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹71 – ₹75 |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Link Intime India Private Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Hi-Green Carbon IPO – Date Schedule
| IPO Open Date | 21 September 2023 |
| IPO Close Date | 25 September 2023 |
| Basis of Allotment | 26 September 2023 |
| Initiation of Refund | 27 September 2023 |
| Credit of Shares to Demat Account | 27 September 2023 |
| IPO Listing Date | 28 September 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Sep 25, 2023 |
Hi-Green Carbon IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1600 | 1,20,000 |
| Retail (Maximum) | 1 | 1600 | 1,20,000 |
| HNI (Minimum) | 2 | 3200 | 2,40,000 |
Competitive Strengths
- Experienced Promoters and Management Team.
- Strategic Location of Manufacturing Facilities.
- Innovative Technology.
- Quality Assurance.
- Permanent Demand and Wide Application of Product.
Company Promoters
- M/S RNG Finlease Private Limited
- Mr. Amitkumar Hasmukhrai Bhalodi
- Dr. Shaileshkumar Vallabhdas Makadia
- Mrs. Krupa Chetankumar Dethariya
- Mrs. Radhika Amitkumar Bhalodi
- Mrs. Shriyakumari Shaileshkumar Makadia
- Mr. Koosh Chetankumar Dethariya
Object Of The Issue
- Setting up of New Manufacturing Unit at Maharashtra.
- To Meet Working Capital Requirements.
- General corporate purposes.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 24.29 | 24.16 | 0.09 | 17.83 |
| 31 March 2022 | 51.14 | 46.47 | 3.68 | 15.87 |
| 31 March 2023 | 79.04 | 62.91 | 10.85 | 13.62 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 13.13 |
| Market Cap (₹ Cr.) | 187.43 |
| ROE | 63.19 |
| ROCE | 64.70 |
| Debt/Equity | 0.6 |
| EPS (Rs) | 5.71 |
| RoNW | 48.02 |
Hi-Green Carbon IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 71.83% |
Hi-Green Carbon IPO Prospectus
Company Contact Information
| Hi-Green Carbon Limited G-557, Lodhika Industrial Estate, Metoda G.I.D.C. Gate No. 3, Metoda, Lodhika Rajkot 360021, Gujarat, India Phone: +91 92275 74010 Email: compliance@higreencarbon.com Website: www.higreencarbon.com |
Hi-Green Carbon IPO Registrar
| Link Intime India Private Limited Phone: +91 810 811 4949 Email: higreencarbon.ipo@linkintime.co.in Website: https://linkintime.co.in/mipo/ipoallotment.html |
Hi-Green Carbon IPO Lead Manager(s)
| 1. Beeline Capital Advisors Private Limited |
Hi-Green Carbon IPO FAQs
| What is Hi-Green Carbon IPO? Hi-Green Carbon IPO is a SME IPO. The issue is priced at ₹71 – ₹75 per equity share. The IPO is to be listed on NSE SME. |
| When Hi-Green Carbon IPO will open? The IPO is to open on 21 September 2023 for QIB – 50%, NII – 15% and Retail – 35% Investors. |
| How to Hi-Green Carbon IPO? You can apply Hi-Green Carbon 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 Hi-Green Carbon IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Hi-Green Carbon”. Click on 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 5 Paisa. |
| How to Apply the Hi-Green Carbon IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Hi-Green Carbon”. Click on 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 Hi-Green Carbon IPO Size? Hi-Green Carbon IPO size is ₹52.80 crores. |
| What is Hi-Green Carbon IPO Price Band? Hi-Green Carbon IPO Price Band is ₹71 – ₹75. |
| What is Hi-Green Carbon IPO Minimum and Maximum Lot Size? The minimum bid is 1600 Shares with ₹1,20,000 amount while the maximum bid is 1600 shares with ₹1,20,000. |
| What is the Hi-Green Carbon IPO Allotment Date? Hi-Green Carbon IPO allotment date is 26 September 2023. |
| What is the Hi-Green Carbon IPO Listing Date? Hi-Green Carbon IPO listing date is 28 September 2023. The IPO is to list on NSE SME. |
