Hi-Green Carbon IPO vs Techknowgreen Solutions IPO

Comparison between Hi-Green Carbon IPO and Techknowgreen Solutions IPO.

IPO Details

Hi-Green Carbon IPO is a SME Fixed Price IPO proposed to list at NSE SME while Techknowgreen Solutions IPO is a SME Fixed Price proposed to list at BSE SME.

Issue Size and Price

The total issue size of Hi-Green Carbon IPO is up to ₹49.64 Cr whereas the issue size of the Techknowgreen Solutions IPO is up to ₹15.88 Cr. The final issue price of Hi-Green Carbon IPO is ₹75.00 per share and of Techknowgreen Solutions IPO is ₹86.00 per share.

 Hi-Green Carbon IPOTechknowgreen Solutions IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹71.00 per share
Issue Price (Upper)₹75.00 per share
Issue Price (Final)₹75.00 per share₹86.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares1600 shares
Fresh Issue Size55,69,200 shares18,46,400 shares
Fresh Issue Size (Amount)up to ₹41.77 Crup to ₹15.88 Cr
OFS Issue Size10,50,000 shares0 shares
OFS Issue Size (Amount)up to ₹7.88 Crup to ₹0.00 Cr
Issue Size Total66,19,200 shares18,46,400 shares
Issue Size Total (Amount)up to ₹49.64 Crup to ₹15.88 Cr

IPO Timetable

Hi-Green Carbon IPO opens on Sep 21, 2023, while Techknowgreen Solutions IPO opens on Sep 18, 2023. The closing date of Hi-Green Carbon IPO and Techknowgreen Solutions IPO is Sep 25, 2023, and Sep 21, 2023, respectively.

 Hi-Green Carbon IPOTechknowgreen Solutions IPO
Anchor Bid DateSep 20, 2023
Issue OpenSep 21, 2023Sep 18, 2023
Issue CloseSep 25, 2023Sep 21, 2023
Basis Of Allotment (Tentative)Sep 28, 2023Sep 26, 2023
Initiation of Refunds (Tentative)Sep 29, 2023Sep 27, 2023
Credit of Share (Tentative)Oct 03, 2023Sep 28, 2023
Listing date (Tentative)Sep 28, 2023Sep 27, 2023
Anchor Lockin End date 1Oct 28, 2023
Anchor Lockin End date 2Dec 27, 2023

Financials & KPIs

Hi-Green Carbon IPO P/E ratio is 13.13, as compared to Techknowgreen Solutions IPO P/E ratio of 9.71.

 Hi-Green Carbon IPOTechknowgreen Solutions IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets43.8834.2433.11
Total Income79.0451.1424.29
Profit After Tax10.853.680.10
NET Worth22.5911.748.06
Reserves and Surplus3.59-7.26-10.94
Total Borrowing13.6215.8717.83
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets12.379.5411.82
Total Income14.869.997.85
Profit After Tax4.511.080.37
NET Worth6.343.562.96
Reserves and Surplus1.24-1.54-2.13
Total Borrowing2.872.864.51
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.0089.02
Promoter Shareholding (Post-Issue)71.8365.58
P/E Ratio13.139.71
Market Cap₹187.43 Cr.₹63.49 Cr.
ROE63.19%88.57%
ROCE64.70%98.74%
Debt/Equity0.600.45
EPS₹5.71₹8.86
RoNW48.02%71.24%

Shares Offered

In the Hi-Green Carbon IPO Retail Individual Investors (RII) are offered 23,16,800 shares while in Techknowgreen Solutions IPO retail investors are offered 23,16,800 shares. Qualified Institutional Buyers (QIB) are offered 13,23,200 shares in Hi-Green Carbon IPO and in Techknowgreen Solutions IPO.

 Hi-Green Carbon IPOTechknowgreen Solutions IPO
Anchor Investor Reservation19,84,000 shares
Market Maker Reservation4,20,800 shares97,600 shares
QIB13,23,200 shares
NII9,95,200 shares9,23,200 shares
RII23,16,800 shares9,23,200 shares
Employee
Others
Total66,19,200 shares18,46,400 shares

Bids Received (Subscription)

Hi-Green Carbon IPO subscribed 168.92x in total, whereas Techknowgreen Solutions IPO subscribed 12.98x.

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