Hi-Green Carbon IPO Date, Review, Price, Allotment, Analysis

Hi-Green Carbon IPO Details: The scheduled date for Hi-Green Carbon IPO has been confirmed. The IPO is set to enter the market on September 21st and conclude on September 25th. The company aims to gather approximately ₹52.80 crores through this IPO. This sum includes a fresh issue of ₹52.80 crores via 70,40,000 shares, each valued at ₹10. The retail quota is 35%, while QIB is 50% and HNI is 15%. The market lot for the IPO is 1600 shares.

What is Hi-Green Carbon IPO?

Hi-Green Carbon Limited is an environmental technology company based in Bhilwara, Rajasthan, India. The company specializes in the production of recovered carbon black (rCB), a sustainable substitute for petroleum-based carbon black. rCB is used in a variety of applications, including tires, plastics, and paints.

Hi-Green Carbon is offering an Initial Public Offering (IPO) of 7,040,000 equity shares at a price band of ₹71 to ₹75 per share. The IPO is seeking to raise ₹52.80 crore (US$7 million). The proceeds from the IPO will be used to fund the company’s expansion plans, including the construction of a new rCB plant.

The IPO opens for subscription on September 21, 2023 and closes on September 25, 2023. The shares are likely to be listed on the NSE SME Platform on October 4, 2023.

Here are some of the key highlights of the Hi-Green Carbon IPO:

• Issue size: 7,040,000 equity shares
• Price band: ₹71 to ₹75 per share
• Issue proceeds: ₹52.80 crore (US$7 million)
• Listing date: October 4, 2023
• NSE SME Platform

If you are interested in investing in the Hi-Green Carbon IPO, you can do so through a stockbroker. The IPO is open for subscription from September 21 to September 25, 2023.

Here are some things to consider before investing in the Hi-Green Carbon IPO:

• The company is a relatively new company and has a limited track record.
• The company is operating in a competitive industry.
• The IPO market is volatile and the price of the shares may go down after the IPO.

Objectives of Hi-Green Carbon IPO

The objectives of the Hi-Green Carbon IPO are to:

• Fund the construction of a new rCB plant. The company plans to construct a new rCB plant in Bhilwara, Rajasthan, with a recycling capacity of 100 MT waste tyres per day. The plant is expected to cost ₹30.00 crore (US$4 million).
• Expand the company’s research and development capabilities. The company plans to invest in research and development to develop new products and processes for the production of rCB. The company believes that this will help it to maintain its competitive edge in the market.
• Meet working capital requirements. The company plans to use the IPO proceeds to meet its working capital requirements, which are the funds that the company needs to operate its business on a day-to-day basis.
• General corporate purposes. The company plans to use the remaining IPO proceeds for general corporate purposes, such as marketing and advertising. This will help the company to raise awareness of its products and services and attract new customers.

Hi-Green Carbon IPO Date & Price Band Details

Hi-Green Carbon IPO Market Lot

The Hi-Green Carbon IPO minimum market lot is 1600 shares with a ₹120,000 application amount.

Hi-Green Carbon IPO Dates

The Hi-Green Carbon IPO date is September 21 and the IPO close date is September 25. The IPO allotment date is September 28 and the IPO might list on October 4.

You can check this IPO calendar to have latest update on your mobile. Add this calendar to your mobile and get daily updates on the current and upcoming IPO.

Hi-Green Carbon IPO Subscription Status

For the latest update on the Hi-Green Carbon IPO, you can check this dedicated page for IPO subscription status.

Hi-Green Carbon IPO Allotment Status

For the latest update on the Hi-Green Carbon IPO, you can check this dedicated page for IPO allotment status.

Hi-Green Carbon IPO Forms

For IPO form for the Hi-Green Carbon IPO, you can check this dedicated page for IPO Forms.

Hi-Green Carbon Company Financials

Hi-Green Carbon Limited is an unlisted public company incorporated on August 29, 2011. It is classified as a public limited company and is located in Lodhika, Gujarat. It’s authorized share capital is INR 25.00 cr and the total paid-up capital is INR 19.00 cr.

Here are some of the key financial highlights of Hi-Green Carbon for the financial year ended March 31, 2023:

• Revenue: ₹24.73 crore (US$3.3 million)
• Profit before tax: ₹4.34 crore (US$590,000)
• Net profit: ₹3.44 crore (US$460,000)
• EBITDA: ₹6.28 crore (US$850,000)
• Debt: ₹2.93 crore (US$380,000)

The company’s financial performance has been improving over the past few years. The company’s revenue has grown by 25% in the last financial year, and its net profit has grown by 30%. The company’s EBITDA margin is also healthy, at 25%.

However, the company has a small debt burden, which is ₹2.93 crore (US$380,000). The company’s debt-to-equity ratio is 15%, which is considered to be low.

Overall, the financial performance of Hi-Green Carbon is strong. The company has been growing its revenue and profit, and it has a healthy debt burden. However, investors should carefully consider the risks associated with the company before investing in the IPO.

Hi-Green Carbon IPO Pros & Cons

Here is a table of the pros and cons of the Hi-Green Carbon IPO:

Company Promoters

• M/S RNG Finlease Private Limited
• Mr. Amitkumar Hasmukhrai Bhalodi
• Dr. Shaileshkumar Vallabhdas Makadia
• Mrs. Krupa Chetankumar Dethariya
• Mrs. Radhika Amitkumar Bhalodi
• Mrs. Shriyakumari Shaileshkumar Makadia
• Mr. Koosh Chetankumar Dethariya

Hi-Green Carbon IPO Registrar

Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: higreencarbon.ipo@linkintime.co.in
Website: https://linkintime.co.in/

Hi-Green Carbon IPO FAQs