Greenhitech Ventures IPO
The initial public offering (IPO) of Greenhitech Ventures will open for subscription on April 12 and close on April 16, comprising fresh issues of Rs.6.30 Crore. An investor can apply for the issue for a minimum of 3000 shares and the listing will happen on April 22, 2024.
#1. Quick Intro to Greenhitech Ventures
Greenhitech Ventures Limited (2023) is engaged in trading various petroleum-based products for different categories of industries based on their requirement, including light-density oils and biodiesel also engaged in operation and maintenance as a job worker for ethanol manufacturing.
The company also provide business solutions and services to consumers of fuels and other alternative materials across India.
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of Greenhitech Ventures
The company intends to use the IPO Funds for the following purposes:
- To meet the working capital requirement of the company
- General corporate purposes and issue expenses.
#3. Greenhitech Ventures Core Strengths
- Existing customers relationships
- Experienced Promotors and management team
- Scalable business model
- Eco-friendly products and
#4. Greenhitech Ventures IPO Review & Rating
| Issue Size | Rs.6,30 Crore |
| Issue Price | Rs.50 per share |
| Minimum Lot Size | 3000 Shares |
| Total Profit (Latest) | Rs.35.64 Lakhs |
| ROE (%) | 8.17 |
| ROCE (%) | 17.19% |
| Listing on | BSE SME |
| IPO Deliver Rating | Two |
#5. Greenhitech Ventures IPO Dates, Price Band & Details
Greenhitech Ventures IPO will open on April 12, 2024, and close on April 16, 2024. The IPO is to be listed on April 22, 2024.
| Type of issue | Fixed Price Issue IPO |
| Issue Size | Rs.6.30 Crore |
| Price Brand | Rs.50 per share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | April 12, 2024 |
| IPO Close Date | April 16, 2024 |
| IPO Allotment Date | April 18, 2024 |
| Refund Date | April 19, 2024 |
| Share Credit Date | April 19, 2024 |
| Listing Date | April 22, 2024 |
#6. Greenhitech Ventures IPO Offer Details
Greenhitech Ventures IPO’s total issue size is 12,60,000 shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 12,60,000 | 6.30 |
| Offer for Sale (OFS) | – | – |
#7. Greenhitech Ventures Financials Overview (Lakhs)
The following table sets forth the summary of financial information of the company for the period January 31, 2024, March 31, 2023 and March 31, 2022.
| Category (Rs.) | Jan 31, 2024 | March 31, 2023 | March 31, 2022 |
| Total Revenue | 335.67 | 2504 | 6611.68 |
| Net Worth | 456.64 | 315.45 | 322.45 |
| Profit | 35.64 | 57.23 | 135.14 |
| Total Borrowings | 431.71 | 347.07 | 150.14 |
#8. Greenhitech Ventures Quantitative Factors
The following table sets forth the summary of financial information of the company for the period January 31, 2024, March 31, 2023 and March 31, 2022.
| Category | Jan 31, 2024 | March 31, 2023 | March 31, 2022 |
| EPS (Rs.) | 1.06 | 1.81 | 4.19 |
| RoNW (%) | 7.80 | 18.14 | 41.91 |
| NAV (Rs.) | 13.27 | 10 | 10 |
#9. Greenhitech Ventures Comparison with Other Peer Companies (Top 2)
No Listed companies in India are comparable in all aspects of the business.
| Company Names | Total Revenue
(Rs. in Lakhs) |
RoNW (%) | NAV (Rs.) |
| – | – | – | – |
| – | – | – | – |
#10. Greenhitech Ventures Company Promoters
The company has two promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
| Sr. No. | Name of Promoter |
| 01. | Naved Iqbal |
| 02. | Mohd. Nadeem |
#11. Greenhitech Ventures Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 100 |
| Post-issue | 73.19 |
#12. Greenhitech Ventures IPO Reservation Details
Greenhitech Ventures IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
#13. Greenhitech Ventures IPO – Lot Size
An investor can apply for a minimum of 3,000 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 1 | 3,000 | 1,50,000 |
| Retail (Max.) | 1 | 3,000 | 1,50,000 |
| HNI (Min.) | 2 | 6,000 | 3,00,000 |
#14. Greenhitech Ventures IPO – Prospectus Copy
An investor can download/view the Greenhitech Ventures prospectus copy, which the company filed to exchange, details are as follows.
| Greenhitech Ventures IPO Prospectus |
| Draft Red Herring Prospectus (DRHP) |
| Red Herring Prospectus (RHP) |
#15. Greenhitech Ventures IPO Registrar
Skyline Financial Services Private Limited
Phone No. +022-28511022
E-Mail: ipo@skylinerta.com
Website: www.skylinerta.com
#16. Greenhitech Ventures IPO Lead Managers
Beeline Capital Advisor Private Limited
Phone No. +91-7948407357
E-Mail: mb@beelinemb.com
Website: www.beelinemb.com
#17. Greenhitech Ventures IPO Application (How to Apply for an IPO)
There are three primary options for applying for a Greenhitech Ventures IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Greenhitech Ventures Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Greenhitech Ventures Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. Greenhitech Ventures Company Details
Greenhitech Ventures Limited
Registered Office: B27/92, K1, Jawahar Nagar Colony, Bhelapura, Varanasi 221010
Email: info@greenhitech.org
Website: www.greenhitech.org
Investor Grievances/Compliance Officer: Sneha Jain
#19. Greenhitech Ventures Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
| 01. | – |
| 02. | – |
#20. Greenhitech Ventures Company Board (Top 2)
| Sr. No. | Name of Directors |
| 01. | Naved Iqbal |
| 02. | Mohd. Nadeem |
Greenhitech Ventures IPO – Frequently Asked Questions (FAQs)
| #1. What is a Greenhitech Ventures IPO?
Greenhitech Ventures brings its IPO of Rs. 6.30 crore, on April 12, 2024, with a price band of Rs.50 per share. |
| #2. What is the Greenhitech Ventures IPO Open date?
Greenhitech Ventures IPO’s opening date is April 12, 2024. |
| #3. What is the Greenhitech Ventures IPO Close Date?
Greenhitech Ventures IPO’s closing date is April 16, 2024. |
| #4. What is the Greenhitech Ventures IPO Listing date?
Greenhitech Ventures’s IPO listing date is April 22, 2024. |
| #5. What is the Greenhitech Ventures IPO Minimum investment amount?
Greenhitech Ventures IPO’s minimum investment amount is Rs. 1,50,000. |
| #6. What is the Greenhitech Ventures IPO offer issue Size?
Greenhitech Ventures offers an issue size of Rs.6.30 crore. |
| #7. What is the Greenhitech Ventures IPO Price Band?
Greenhitech Ventures’s IPO price band is Rs.50 per share. |
| #8. Is Greenhitech Ventures IPO mainboard IPO or SME IPO?
Greenhitech Ventures IPO is an SME IPO. |
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