Fixed Price IPO | ₹6 Cr | Listed at BSE SME | Fri, Apr 12, 2024 - Tue, Apr 16, 2024
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Apr 12, 2024
IPO Close
Tue, Apr 16, 2024
Issue Price
₹50 per share
Market Cap (Pre-IPO)
₹23.50 Cr
| IPO Date | 12 to 16 Apr, 2024 |
| Listed on | Mon, Apr 22, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹50 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 12,60,000 shares (agg. up to ₹6 Cr) |
| Reserved for Market Maker | 66,000 shares Spread X Securities Pvt.Ltd. (agg. up to ₹0.3300 Cr) |
| Fresh Issue (Ex Market Maker) | 11,94,000 shares (agg. up to ₹6 Cr) |
| Net Offered to Public | 11,94,000 shares (agg. up to ₹6 Cr) |
| Share Holding Pre Issue | 34,40,000 shares |
| Share Holding Post Issue | 47,00,000 shares |
| BSE Script Code | 544163 |
| ISIN | INE0S0701019 |
Greenhitech Ventures IPO comprises a total issue size of 12,60,000 shares. The net offer to the public is 11,94,000 shares, after excluding 66,000 shares allotted on a firm basis. Of the Net offer 5,97,000 (50.00%) allocated to NII 5,97,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 5,97,000 | 50.00% | 47.38% |
| Retail Shares Offered | 5,97,000 | 50.00% | 47.38% |
| Firm Reservations | |||
| Market Maker Shares Offered | 66,000 | 5.24% | |
| Total Shares Offered | 12,60,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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 |
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 | 26.78 | 27.08 | 31.89 | 23.79 |
| Total Income | 3.36 | 25.04 | 66.12 | 40.08 |
| Profit After Tax | 0.36 | 0.57 | 1.35 | 0.24 |
| NET Worth | 4.57 | 3.15 | 3.22 | 1.41 |
| Reserves and Surplus | 1.13 | |||
| Total Borrowing | 4.32 | 3.47 | 1.50 | 1.15 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Working Capital Requirement | 4.50 |
| 2 | General Corporate Expenses | 0.85 |
| KPI | Jan 31, 2024 |
|---|---|
| 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 (₹) | 1.66 | 0.91 |
| P/E (x) | 30.05 | 54.95 |
| Promoter Holding | 100.00% | 73.19% |
| Market Cap | ₹23.50 Cr. |
The Greenhitech Ventures IPO is subscribed 769.95 times on April 16, 2024 6:19:05 PM (Day 3). The public issue subscribed 597.41 times in the retail category, [.] times in the QIB category, and 921.6 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 921.6 | 5,97,000 | 55,01,94,000 |
| Retail | 597.41 | 5,97,000 | 35,66,55,000 |
| Total | 769.95 | 11,94,000 | 91,93,23,000 |
Total Application : 1,63,764
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees including underwriting commission | 0.23 |
| 2 | Brokerage, selling, commission and upload fees | 0.01 |
| 3 | Registrar to the issue | 0.01 |
| 4 | Legal Advisors | 0.02 |
| 5 | Advertising and Marketing expenses | 0.50 |
| 6 | Regulators including stock exchanges | 0.05 |
| 7 | Printing and distribution of issue stationery | 0.02 |
| 8 | Others, if any (market making, depositories, marketing fees, secretarial, peer review auditors, etc.) | 0.11 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹50.00 |
| Open | ₹95.00 |
| Low | ₹95.00 |
| High | ₹99.75 |
| Last Trade | ₹99.75 |
Lead Manager Reports
Greenhitech Ventures IPO is a SME IPO of 12,60,000 equity shares of the face value of ₹10 aggregating up to ₹6 Crores. The issue is priced at ₹50 per share. The minimum order quantity is 3000.
The IPO opens on Fri, Apr 12, 2024, and closes on Tue, Apr 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 Fri, Apr 12, 2024 and closes on Tue, Apr 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 Fri, Apr 19, 2024. Check the Greenhitech Ventures IPO allotment status.
The Greenhitech Ventures IPO listing date is on Mon, Apr 22, 2024.
