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Greenhitech Ventures Limited IPO (Greenhitech Ventures IPO) Detail

April 12, 2024 - April 16, 2024

Greenhitech Ventures IPO is a fixed price issue of Rs 6.30 crores. The issue is entirely a fresh issue of 12.6 lakh shares.

Greenhitech Ventures IPO bidding started from April 12, 2024 and ended on April 16, 2024. The allotment for Greenhitech Ventures IPO was finalized on Thursday, April 18, 2024. The shares got listed on BSE SME on April 22, 2024.

Greenhitech Ventures IPO price is ₹50 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹150,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹300,000.

Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Greenhitech Ventures IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Greenhitech Ventures IPO is Spread X Securities.

Refer to Greenhitech Ventures IPO RHP for detailed information.

Greenhitech Ventures IPO Details

IPO Date April 12, 2024 to April 16, 2024
Listing Date April 22, 2024
Face Value ₹10 per share
Price ₹50 per share
Lot Size 3000 Shares
Total Issue Size1,260,000 shares
(aggregating up to ₹6.30 Cr)
Fresh Issue1,260,000 shares
(aggregating up to ₹6.30 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Share holding pre issue3,440,000
Share holding post issue4,700,000
Market Maker portion66,000 shares
Spread X Securities

Greenhitech Ventures IPO Reservation

Greenhitech Ventures IPO offers 1,260,000 shares. 597,000 (47.38%) to NII, 597,000 (47.38%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered66,000 (5.24%)
Other Shares Offered597,000 (47.38%)
Retail Shares Offered597,000 (47.38%)
Total Shares Offered1,260,000 (100%)

Greenhitech Ventures IPO Timeline (Tentative Schedule)

Greenhitech Ventures IPO opens on April 12, 2024, and closes on April 16, 2024.

IPO Open Date Friday, April 12, 2024
IPO Close Date Tuesday, April 16, 2024
Basis of Allotment Thursday, April 18, 2024
Initiation of Refunds Friday, April 19, 2024
Credit of Shares to Demat Friday, April 19, 2024
Listing Date Monday, April 22, 2024
Cut-off time for UPI mandate confirmation 5 PM on April 16, 2024

Greenhitech Ventures IPO Lot Size

Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 3000 ₹150,000
Retail (Max) 1 3000 ₹150,000
HNI (Min) 2 6,000 ₹300,000
Lot Size Calculator

Greenhitech Ventures IPO Promoter Holding

The promoters of the company are Mr. Naved Iqbal and Mr. Mohammad Nadeem

Share Holding Pre Issue 100.00%
Share Holding Post Issue 73.19%

About Greenhitech Ventures Limited

Incorporated in November 2011, 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 Limited Financial Information (Restated)

Period Ended31 Jan 202431 Mar 202331 Mar 202231 Mar 2021
Assets2,677.752,708.063,188.772,378.58
Revenue335.672,504.356,611.584,007.69
Profit After Tax35.6457.23135.1424.39
Net Worth456.64315.45322.45140.99
Reserves and Surplus112.64
Total Borrowing431.71347.07150.14114.60
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Greenhitech Ventures IPO is Rs 23.5 Cr.

KPI as of January 31, 2024.

KPI Values
ROE8.17%
ROCE17.19%
Debt/Equity0.95
RoNW7.80%
P/BV3.77
PAT Margin (%)10.62
Pre IPO Post IPO
EPS (Rs) 1.660.91
P/E (x) 30.0554.95
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of January 31, 2024 that is available in RHP.

Objects of the Issue (Greenhitech Ventures IPO Objectives)

The Net Proceeds are proposed to be used in accordance with the details provided in the following

  1. To Meet Working Capital Requirement
  2. General Corporate Expenses

Greenhitech Ventures IPO Review (Avoid)

[Dilip Davda]  The company is operating in competitive environment. For the reported periods it posted inconsistency in its top and bottom lines. It marked lower top and bottom lines for FY24 so far. Based on annualized FY24 earnings, the issue appears exorbitantly priced. Small equity base post-IPO indicates longer gestation for migration to mainboard. There is no harm in skipping this pricey bet. Read detail review...


Greenhitech Ventures IPO Subscription Status (Bidding Detail)

The Greenhitech Ventures IPO is subscribed 769.95 times on April 16, 2024 6:19:05 PM. The public issue subscribed 597.41 times in the retail category, times in the QIB category, and 921.60 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other921.60
Retail597.41
Total769.95

Total Application : 163,764 (822.93 times)

Greenhitech Ventures IPO Prospectus

Greenhitech Ventures IPO Rating

0
0.0
Rating:Rated 0.0 stars
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Greenhitech Ventures IPO Listing Details

Listing Date April 22, 2024
BSE Script Code 544163
NSE Symbol
ISIN INE0S0701019
Final Issue Price ₹50 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹50.00
₹95.00
₹95.00
₹99.75
₹99.75

Check IPO Performance…

Greenhitech Ventures Limited Contact Details

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 - Buy or Not

Greenhitech Ventures IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

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Greenhitech Ventures IPO FAQs

Greenhitech Ventures IPO is a SME IPO of 1,260,000 equity shares of the face value of ₹10 aggregating up to ₹6.30 Crores. The issue is priced at ₹50 per share. The minimum order quantity is 3000 Shares.

The IPO opens on April 12, 2024, and closes on April 16, 2024.

Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Greenhitech Ventures IPO using UPI as a payment gateway. Zerodha customers can apply in Greenhitech Ventures IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Greenhitech Ventures IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Greenhitech Ventures IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Greenhitech Ventures IPO opens on April 12, 2024 and closes on April 16, 2024.

Greenhitech Ventures IPO lot size is 3000 Shares, and the minimum amount required is ₹150,000.

You can apply in Greenhitech Ventures IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Greenhitech Ventures IPO will be done on Thursday, April 18, 2024, and the allotted shares will be credited to your demat account by Friday, April 19, 2024. Check the Greenhitech Ventures IPO allotment status.

The Greenhitech Ventures IPO listing date is on April 22, 2024.
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Greenhitech Ventures IPO Message Board

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218 Comments

104. Smitipo |   Link |  Bookmark |April 29, 2024 10:09:30 AM
All seniors please advise what should i do now
For the 6 consecutive day its trading at upper circuit
50 alloted price nd now share is trading at 127 please advise what to do
103. Flying Stallions |   Link |  Bookmark |April 23, 2024 2:24:54 PM
Dear Seniors,
Yesterday and today had been UC. Pls advise shall I hold for long terms what should be the price to sell. I am holding one lot since allotment.
103.1. rahulkrjain |   Link |  Bookmark |April 23, 2024 3:43:55 PM (300+ Posts)
Enjoy the rider, once it break UC and about to take U turn then sell
102. Samir Gohel |   Link |  Bookmark |April 22, 2024 7:28:06 PM
12.60 lacs is the issue size and 27 lacs buyer !!!!!!
101. SaurabhJogi |   Link |  Bookmark |April 22, 2024 9:32:42 AM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
All the maal will be taken by flippers ✅
101.2. IPONEED |   Link |  Bookmark |April 22, 2024 11:52:38 AM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
hold kro bhai ji isko ,company ki puri holding purchase krne m lge huy h operators
101.3. SaurabhJogi |   Link |  Bookmark |April 28, 2024 9:19:08 AM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
Flippers taking everything 😂
May dump in 1 go
100. rahulkrjain |   Link |  Bookmark |April 22, 2024 9:25:45 AM (300+ Posts)
Should we hold it long term
99. Vimal Garodia |   Link |  Bookmark |April 22, 2024 9:06:07 AM
IPO Guru IPO Guru (2200+ Posts, 2200+ Likes)
https://www.bseindia.com/stock-share-price/greenhitech-ventures-ltd/gvl/544163/
98. k l patel |   Link |  Bookmark |April 22, 2024 8:52:42 AM
Top Contributor Top Contributor (500+ Posts, 200+ Likes)
symbol GVL
97. Gai Bhens Paani Me |   Link |  Bookmark |April 22, 2024 8:33:57 AM
What is the symbol of this script?
97.3. A.A |   Link |  Bookmark |April 22, 2024 8:49:06 AM (200+ Posts)
GVL
97.4. Gai Bhens Paani Me |   Link |  Bookmark |April 22, 2024 8:52:41 AM
Thanks!
96. rahulkrjain |   Link |  Bookmark |April 22, 2024 8:16:07 AM (300+ Posts)
Nafa news?
95. Shivani Verma |   Link |  Bookmark |April 19, 2024 10:09:56 PM
Mujhe 10 lots alloted huye hai
95.1. Simply Vicky |   Link |  Bookmark |April 21, 2024 5:56:32 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Will you please show us allotment details if you don't mind???
95.2. Samir Gohel |   Link |  Bookmark |April 22, 2024 7:37:52 PM
Heartiest congratulations !!!!!!!!!!!

Ha Ha Ha
94. Shivani Verma |   Link |  Bookmark |April 19, 2024 10:08:37 PM
Hello everyone...if there is no money in my account, can I sell my lots or will I have to deposit the pending amount first?
94.1. Simply Vicky |   Link |  Bookmark |April 21, 2024 5:55:18 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
But you are student as per your disclosure on another ipo page...how will you have money in your account???🤔🤔🤔🤔
93. Bibhu |   Link |  Bookmark |April 19, 2024 12:09:42 PM
0/4bhni :(
What should be the strategy if plan to enter at list price on opening day?
When to bid and at what price
93.2. Ajit kumar jain |   Link |  Bookmark |April 20, 2024 3:56:47 PM
Place preopen order at Rs 95 if you are lucky you may get it.
93.3. Vimal Garodia |   Link |  Bookmark |April 21, 2024 9:13:51 AM
IPO Guru IPO Guru (2200+ Posts, 2200+ Likes)
@Bibhu If you are new to SME IPOs, i suggest to be careful in doing such things, these are for experienced people..🙏🙏
92. Visamp |   Link |  Bookmark |April 19, 2024 9:03:26 AM
Allotted one lot by surprise
Best of luck for those allotted
Have a great day. Today voter election in tamilnadu. All the best . It is a gift by election date.
91. M Gupta |   Link |  Bookmark |April 19, 2024 6:13:46 AM
IPO Guru IPO Guru (1000+ Posts, 3100+ Likes)
HoS, post listing some operators are active, listing may be 90 percent up in bse.
91.1. Simply Vicky |   Link |  Bookmark |April 19, 2024 8:40:40 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
@M Gupta Surely, it may list@90% after increasing gmp.
91.2. RAVI KANT CA |   Link |  Bookmark |April 22, 2024 8:54:28 PM
@M Gupta 

Perfect this time.

last time you missed in one SME IPO. This time perfect assessment.
90. LUCK MATTERS 🔑 |   Link |  Bookmark |April 18, 2024 11:41:55 PM
Big ⭕ !!
🥱
89. Vishnu Agrawal |   Link |  Bookmark |April 18, 2024 11:41:31 PM
Alloted 1 out of 5 retail applications
88. Anshujii |   Link |  Bookmark |April 18, 2024 11:33:46 PM (500+ Posts)
Not allotted..0/7 retail apps
87. Squareb |   Link |  Bookmark |April 18, 2024 11:14:48 PM
0/4
86. Not sure |   Link |  Bookmark |April 18, 2024 10:51:32 PM
0/2 in Retail
85. Jai Jai Pratap |   Link |  Bookmark |April 18, 2024 10:46:40 PM (200+ Posts)
0 allotted in 7 application of 6 Lots.