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SME IPO Status: Listed [21st Sep 2023 to 25th Sep 2023]
Hi-Green Carbon Limited is offering an SME IPO, issue size of 7,040,000 shares. The subscription period for this IPO is from Sept 21, 2023 to Sept 25, 2023. The face value of the shares is Rs 10 per share and the issue price band for this SMI IPO ranging from Rs 71 to Rs 75 per shere along with the minimum lot size is 1600 sheres or its multiples.
Stay tuned for more information on Hi-Green Carbon Limited IPO, including company overview, financials, live subscription, allotment, GMP and more.
| SME IPO Issue Opening Date: | 21st Sep 2023 |
| SME IPO Issue Closing Date: | 25th Sep 2023 |
| SME IPO Issue Price: | ₹71.00-75.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35.00% of the Offer |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹52.80 Cr |
| Offer for Sale: | ₹7.88 Cr |
| Fresh Issue: | ₹44.93 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100.00% |
| Promoter Holding Post IPO: | 71.83% |
| Allotment Status: | Allotment Status |
| NSE Code: | HIGREEN |
Get important updates regarding Hi-Green Carbon SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 28th Sep 2023 |
| Refunds Initiation* | 29th Sep 2023 |
| Credit of Shares to Demat* | 3rd Oct 2023 |
| SME IPO Listing Date* | 28th Sep 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹71.00-75.00 |
| Market Lot: | 1600 Shares |
| 1 Lot Amount: | ₹120000 |
| Min HNI Lots: | 3200 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 28-09-2023 | 75.00 | 35 | 42600 | ₹110 (46.67%) | 28-Sep-2023 10:27 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Hi-Green Carbon Limited was established in August 2011. Their company is engaged in recycling of waste tyres. Their production plant uses a continuous pyrolysis process. It is an uninterrupted working method with a continuous loading and unloading system controlled by a programme-controlled system. The process is fully automatic and requires almost no human intervention. After continuous pyrolysis, the scrap tyre pieces are processed into energy components and raw materials. The main products are recovered carbon black (rCB) and steel wires in the raw materials category, and fuel oil and syngas in the energy components category. To use energy efficiently, syngas, a by-product of the pyrolysis process, is also used to produce sodium silicate, commonly known as raw glass.
The company operates to the highest quality standards and complies with the most stringent environmental, health and safety regulations in the recycling industry. The company has an advanced Supervisory Control and Data Acquisition (SCADA) system at its integrated recycling facility in Rajasthan. The Rajasthan facility has the capacity to recycle 100 MT waste tyres per day.
The Company is planning to set up a new manufacturing plant in Dhule district of Maharashtra with a capacity to recycle 100 MT waste tyres per day. For this purpose, your company has already acquired a plot of land measuring 21,500 square metres. The said expansion will supplement the existing tyre processing capacity of the Company.
| Incorporation | Sector | IPO Issue Size | Website |
| 2011 | Recycling | ₹52.80 Cr | https://www.higreencarbon.com/index.php |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 1,323,200 (28.56%) | 993,600 (21.44%) | 2,316,800 (50%) | 4,633,600 | |
| 1 | 21st Sep 2023 19:31 | 7.92x | 3.52x | 11.30x | 8.67x |
| 2 | 22nd Sep 2023 19:31 | 10.86x | 19.00x | 36.56x | 25.46x |
| 3 | 25th Sep 2023 19:31 | 69.95x | 236.76x | 196.35x | 168.92x |
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 3,310.91 | 3,424.36 | 4,387.83 |
| Revenue | 2,429.39 | 5,113.95 | 7,903.90 |
| Profit After Tax | 9.59 | 367.95 | 1,084.78 |
| Net Worth | 806.28 | 1,174.23 | 2,259.02 |
| Reserves and Surplus | -1,093.72 | -725.77 | 359.02 |
| Total Borrowing | 1,783.10 | 1,586.70 | 1,362.19 |
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Hi-Green Carbon Limited | 5.71 | 5.71 | 11.89 | 13.13 | 48.02 |
Last Updated on 02-Oct-2023 06:02:44
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Hi-Green Carbon SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Hi-Green Carbon SME IPO with Zerodha.
Alternate approch to apply in Hi-Green Carbon SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Hi-Green Carbon SME IPO Review and Important Updates
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To subscribe or apply in Hi-Green Carbon SME IPO, you can use the following methods:
| Hi-Green Carbon SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Hi-Green Carbon SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Hi-Green Carbon SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Hi-Green Carbon SME IPO. Most of the Syndicate Banks provide access to apply in Hi-Green Carbon IPO via ASBA process. You must have your net banking access, DP ID information to apply in Hi-Green Carbon SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Hi-Green Carbon SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Hi-Green Carbon SME IPO Review and Important Updates
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Hi-Green Carbon SME IPO is going to be list on 28-09-2023. NSE Code for Hi-Green Carbon is HIGREEN.
Other relevant questions:
When Hi-Green Carbon SME IPO will be listing? Hi-Green Carbon SME IPO NSE listing date?Hi-Green Carbon SME IPO date of listing
Hi-Green Carbon SME IPO Allotment Date is 28-09-2023.
Other relevant questions:
Hi-Green Carbon SME IPO share allotment date?Hi-Green Carbon SME IPO allotment date?
