Hi-Green Carbon Limited IPO (Hi-Green Carbon IPO)

Hi-Green Carbon Limited IPO
Upcoming Hi-Green Carbon IPO | New Hi-Green Carbon IPO

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

Hi-Green Carbon IPO – Details

IPO Opening Date21 September 2023
IPO Closing Date25 September 2023
Issue TypeBook Built Issue IPO
Issue Size70,40,000 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 Lot1600 Shares
Min Order1600 Shares (1 Lot)
Listing AtNSE SME
RegisterLink Intime India Private Limited
QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Hi-Green Carbon IPO – Date Schedule

IPO Open Date21 September 2023
IPO Close Date25 September 2023
Basis of Allotment26 September 2023
Initiation of Refund27 September 2023
Credit of Shares to Demat Account27 September 2023
IPO Listing Date28 September 2023
Cut-off time for UPI mandate confirmation5 PM on Sep 25, 2023

Hi-Green Carbon IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)116001,20,000
Retail (Maximum)116001,20,000
HNI (Minimum)232002,40,000

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.
Hi-Green Carbon IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 202124.2924.160.0917.83
31 March 202251.1446.473.6815.87
31 March 202379.0462.9110.8513.62
Amount in ₹ Crore

Key Performance Indicator

P/E (x)13.13
Market Cap (₹ Cr.)187.43
EPS (Rs)5.71

Hi-Green Carbon IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding71.83%

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

Hi-Green Carbon IPO Registrar

Link Intime India Private Limited

Phone: +91 810 811 4949
Email: higreencarbon.ipo@linkintime.co.in

Hi-Green Carbon IPO Lead Manager(s)

1. Beeline Capital Advisors Private Limited

Hi-Green Carbon IPO FAQs

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.
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