Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Greenhitech Ventures IPO is a fixed price issue of ₹6.30 crores. The issue is entirely a fresh issue of 0.13 crore shares of ₹6.30 crore.
Greenhitech Ventures IPO bidding started from Apr 12, 2024 and ended on Apr 16, 2024. The allotment for Greenhitech Ventures IPO was finalized on Apr 18, 2024. The shares got listed on BSE SME on Apr 22, 2024.
Greenhitech Ventures IPO price is ₹50.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,50,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹3,00,000.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Spread X Securities Pvt.Ltd..
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 |
| Issue Price Band | |
| Issue Price Final | ₹50 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 12,60,000 shares (aggregating up to ₹6.30 Cr) |
| Reserved for Market Maker | 66,000 shares Spread X Securities Pvt.Ltd. (aggregating up to ₹0.3300 Cr) |
| Net Offered to Public | 11,94,000 shares (aggregating up to ₹5.97 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 34,40,000 shares |
| Share Holding Post Issue | 47,00,000 shares |
Greenhitech Ventures IPO offers total 12,60,000 shares. Out of which 5,97,000 (47.38%) allocated to NII, 5,97,000 (47.38%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 66,000 (5.24%) |
| NII (HNI) Shares Offered | 5,97,000 (47.38%) |
| Retail Shares Offered | 5,97,000 (47.38%) |
| Total Shares Offered | 12,60,000 (100.00%) |
Greenhitech Ventures IPO opens on April 12, 2024, and closes on April 16, 2024.
| IPO Open Date | Fri, Apr 12, 2024 |
| IPO Close Date | Tue, Apr 16, 2024 |
| Tentative Allotment | Thu, Apr 18, 2024 |
| Initiation of Refunds | Fri, Apr 19, 2024 |
| Credit of Shares to Demat | Fri, Apr 19, 2024 |
| Tentative Listing Date | Mon, Apr 22, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Apr 16, 2024 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,50,000 |
| Retail (Max) | 1 | 3,000 | ₹1,50,000 |
| HNI (Min) | 2 | 6,000 | ₹3,00,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 |
| Total Income | 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 ₹23.50 Cr.
KPI as of Wed, Jan 31, 2024.
| KPI | Values |
|---|---|
| ROE | 8.17% |
| ROCE | 17.19% |
| Debt/Equity | 0.95 |
| RoNW | 7.80% |
| PAT Margin | 10.62% |
| Price to Book Value | 3.77 |
| 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...
| Listing Date | April 22, 2024 |
| BSE Script Code | 544163 |
| NSE Symbol | |
| ISIN | INE0S0701019 |
| Final Issue Price | ₹50 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹50.00 |
| Open | ₹95.00 |
| Low | ₹95.00 |
| High | ₹99.75 |
| Last Trade | ₹99.75 |
Greenhitech Ventures Ltd.
B27/92 K1 Jawahar Nagar Colony
Bhelupura
Varanasi- 221010
Varanasi, Uttar Pradesh
Phone: +91-9336875025
Email: info@greenhitech.org
Website: https://www.greenhitech.org/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Greenhitech Ventures IPO is a SME IPO of 12,60,000 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.
The IPO opens on April 12, 2024, and closes on April 16, 2024.
Skyline Financial Services Pvt.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, and the minimum amount required for application is ₹1,50,000.
You can apply in Greenhitech Ventures IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Monday, April 22, 2024.
Useful Articles
RHP