Hi-Green Carbon Limited is planning to go public and sell shares worth 60 Crore. Stock market investors are curious about energy sector shares. If you’re interested in this Hi-Green Carbon Limited IPO, read this article for all the information about Hi-Green Carbon Limited IPO GMP Today.
Hi-Green Carbon Ltd’s upcoming IPO. This information is helpful for potential investors who are considering participating in the IPO. Here’s a summary of the key points:-
- IPO Valuation: The IPO is valued at 52.80 crore, which includes a fresh issue of 44.93 crore and a sale of shares by promoters and early shareholders worth 7.88 crore.
- Price Range: The price range for the IPO is set at 71 to 75 per share, with the final price to be determined through the book-building process.
- Lot Sizes: The minimum lot size for bidding is 1,600 shares, and the face value of each share is 10. Retail investors can bid a maximum of 120,000, while HNIs and NIIs need to bid for a minimum of 3,200 shares, requiring an investment of 240,000.
- Allocation: The offer reserves 50% for qualified institutional buyers (QIBs), 15% for HNI and NII investors, and 35% for retail investors.
- Market Maker: Spread X Securities Ltd will act as the market maker for Hi-Green Carbon Ltd’s IPO, providing buy and sell quotes after the IPO to ensure liquidity.
- Important Dates: The IPO opens on September 21, 2023, and closes on September 25, 2023. The basis of allotment will be decided on September 28, 2023, with refunds expected on September 29, 2023. Demat credits are projected for October 3, 2023, and the stock will be listed on the NSE SME segment on October 4, 2023.
- GMP Indicator: The Grey Market Premium (GMP) is currently at 30, suggesting a potential listing premium of 40 compared to the issue price. This could indicate a listing price of approximately $105 per share on September 15, 2023.
- Company Background: Hi-Green Carbon Ltd is involved in recycling waste tires and has an automated plant in Rajasthan. They produce products like Recovered Carbon Black (RCB) and Steel Wires. They follow good manufacturing practices and sustainability standards.
- Promoters and Use of Funds: The IPO will reduce the promoter holding from 100% to 71.83%. The funds raised will be used to start a new factory in Maharashtra and for general company needs.
- IPO Management: Beeline Capital Advisors Private Ltd will manage the IPO, and Link Intime India Private Ltd will handle the registration.
Investors interested in Hi-Green Carbon Limited IPO GMP Today should conduct thorough research, consider their investment goals and risk tolerance, and consult with financial advisors if needed before making investment decisions. The actual IPO performance may vary, so monitoring the GMP and subscription numbers is crucial.
Hi-Green Carbon Limited IPO GMP Today – Overview
Here’s a table summarizing the key overview details of Hi-Green Carbon Ltd IPO:-
|Article||Hi-Green Carbon Limited IPO GMP Today|
|IPO Valuation||52.80 crore|
|Fresh Issue||44.93 crore|
|Sale of Shares by Promoters/Early Shareholders||7.88 crore|
|Price Range||71 to 75 per share|
|Minimum Lot Size||1,600 shares|
|Minimum Investment (Retail Investors)||120,000|
|Minimum Investment (HNI/NII)||240,000|
|Allocation||QIBs: 50%, HNI/NII: 15%, Retail: 35%|
|Market Maker||Spread X Securities Ltd|
|IPO Opening Date||September 21, 2023|
|IPO Closing Date||September 25, 2023|
|Basis of Allotment Date||September 28, 2023|
|Refunds Issued Date||September 29, 2023|
|Demat Credits Date||October 3, 2023|
|Listing Date (NSE SME Segment)||October 4, 2023|
|Grey Market Premium (GMP)||Started at 20, Improved to 30 (as of the second day)|
|Estimated Listing Price||Approximately $105 per share (subject to change)|
|Promoter Holding Post-IPO||71.83% (from 100.00% pre-IPO)|
|Fund Usage||New factory in Maharashtra, operational needs, others|
|IPO Manager||Beeline Capital Advisors Private Ltd|
|Registration Handling||Link Intime India Private Ltd|
Hi-Green Carbon Limited IPO GMP Today
Attention retail and high-net-worth investors. Prepare yourselves for groundbreaking news in the dynamic energy sector. High Green Carbon Limited is about to make its highly anticipated debut in the market through its upcoming initial public offering (IPO). This extraordinary event will witness the issuance of a significant chunk of fresh shares worth a staggering amount – a whopping total of 440 million.
Additionally, there will be another remarkable opportunity up for grabs through an offer for sale amounting to an impressive figure of eight crores in shares. The countdown has already commenced with the IPO subscription scheduled to commence on September 21st of next year – mark that date on your calendars remember that September 25th will be the final day to seize this exciting opportunity.
|Date||Grey Market Price (GMP)|
Fast forward to September 28th, and you’ll find yourself as a proud shareholder as the shares get allocated. But here’s where it gets even more thrilling – by October 4th, High Green Carbon Limited will bask in the limelight of the public market. Get ready to immerse yourself in the energy sector and prepare for an enticing range of share prices expected to fall between 71 and 75 per share.
What’s more, with a minimum lot size of 1600, this IPO opens doors to endless possibilities with an investment starting at approximately 120,000. Don’t let this electrifying journey pass you by – make sure you’re part of it.
|QIB Shares Offered||Not more than 50.00% of the Net offer|
|NII (HNI) Shares Offered||Not less than 15.00% of the Offer|
|Retail Shares Offered||Not less than 35.00% of the Offer|
Hi-Green Carbon Limited IPO – Important Dates
With the support of the National Stock Exchange and Mumbai Stock Exchange, Hi Green Carbon Limited, an Indian company, is set to launch its initial public offering. The company aims to raise approximately 55 crore in funding. See below for important dates related to this exciting event.-
- IPO Open Date: Thursday, September 21, 2023
- IPO Close Date: Monday, September 25, 2023
- Basis of Allotment: Thursday, September 28, 2023
- Initiation of Refunds: Friday, September 29, 2023
- Credit of Shares to Demat: Tuesday, October 3, 2023
- Listing Date: Wednesday, October 4, 2023
- Cut-off time for UPI mandate confirmation: 5 PM on September 25, 2023
Hi-Green Carbon Limited IPO – Financials
Before you invest in an IPO, it’s important to understand the company’s business model, the people involved in the company, and the company’s financial information. To help you with this, we have provided the financial information for Hi-Green Carbon Limited in the table below.
|Period Ended||31 Mar 2021||31 Mar 2022||31 Mar 2023|
|Profit After Tax||₹9.59||₹367.95||₹1,084.78|
|Reserves and Surplus||-1,093.72||-725.77||₹359.02|
Hi-Green Carbon Limited IPO – FAQs
What is Hi-Green Carbon Limited and what does it do?
Hi-Green Carbon Limited is a company specializing in recycling waste tires. They operate an automated plant that can recycle 100 metric tons of waste tires per day. The company produces various products, including Recovered Carbon Black (RCB), Steel Wires, Fuel Oil, and Synthesis Gas.
What is the total valuation of the Hi-Green Carbon Limited IPO?
The Hi-Green Carbon Limited IPO is valued at ₹52.80 crore, which includes a fresh issue of ₹44.93 crore and an offer for sale of ₹7.88 crore.
When does the Hi-Green Carbon Limited IPO subscription open and close?
The subscription for the IPO opens on September 21, 2023, and closes on September 25, 2023.
What is the price range for the shares in the Hi-Green Carbon Limited IPO?
The price range for the IPO shares is set between ₹71 to ₹75 per share. The final price will be determined through the book-building process.
What is the minimum lot size for bidding in the IPO?
The minimum lot size for bidding is 1,600 shares.
Can retail investors participate in the Hi-Green Carbon Limited IPO?
Yes, retail investors can participate, with a maximum investment limit of ₹120,000.
What is the allocation breakdown for different categories of investors?
The allocation is as follows:-
Qualified Institutional Buyers (QIBs): 50%,
High Net Worth Individuals (HNIs) and
Non-Institutional Investors (NIIs): 15%,
Retail Investors: 35%.
When will the shares be allotted, and when is the expected listing date?
Shares will be allotted by September 28, 2023, and the expected listing date on the NSE SME segment is October 4, 2023.
What is the Grey Market Premium (GMP) for Hi-Green Carbon Limited IPO?
As of now, the GMP suggests a potential listing premium, with an estimated listing price of approximately ₹105 per share, though this is subject to change.
What is the purpose of raising funds through this IPO?
The funds raised through the IPO will be used to start a new factory in Maharashtra, cover funding gaps for day-to-day operations, and meet general company needs.
Who is managing the Hi-Green Carbon Limited IPO?
Beeline Capital Advisors Private Ltd is managing the IPO, and Link Intime India Private Ltd is handling the registration process.