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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.
| 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 Size | 1,260,000 shares (aggregating up to ₹6.30 Cr) |
| Fresh Issue | 1,260,000 shares (aggregating up to ₹6.30 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 3,440,000 |
| Share holding post issue | 4,700,000 |
| Market Maker portion | 66,000 shares Spread X Securities |
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 Offered | 66,000 (5.24%) |
| Other Shares Offered | 597,000 (47.38%) |
| Retail Shares Offered | 597,000 (47.38%) |
| Total Shares Offered | 1,260,000 (100%) |
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 |
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 | |||
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% |
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.
| Period Ended | 31 Jan 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 2,677.75 | 2,708.06 | 3,188.77 | 2,378.58 |
| Revenue | 335.67 | 2,504.35 | 6,611.58 | 4,007.69 |
| Profit After Tax | 35.64 | 57.23 | 135.14 | 24.39 |
| Net Worth | 456.64 | 315.45 | 322.45 | 140.99 |
| Reserves and Surplus | 112.64 | |||
| Total Borrowing | 431.71 | 347.07 | 150.14 | 114.60 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Greenhitech Ventures IPO is Rs 23.5 Cr.
KPI as of January 31, 2024.
| 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 |
The Net Proceeds are proposed to be used in accordance with the details provided in the following
[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...
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)
| Category | Subscription (times) |
|---|---|
| Other | 921.60 |
| Retail | 597.41 |
| Total | 769.95 |
Total Application : 163,764 (822.93 times)
| Listing Date | April 22, 2024 |
| BSE Script Code | 544163 |
| NSE Symbol | |
| ISIN | INE0S0701019 |
| Final Issue Price | ₹50 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹50.00 |
| ₹95.00 |
| ₹95.00 |
| ₹99.75 |
| ₹99.75 |
Greenhitech Ventures Limited
B27/92 K1 Jawahar Nagar Colony
Bhelupura
Varanasi- 221010
Phone: +91-9336875025
Email: info@greenhitech.org
Website: https://www.greenhitech.org/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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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
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.
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