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Greenhitech Ventures IPO

Greenhitech Ventures IPO Dates, Price Band, Rating, Analysis, and Allotment Details 2024

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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:

  1. To meet the working capital requirement of the company
  2. General corporate purposes and issue expenses. 

#3. Greenhitech Ventures Core Strengths 

  1. Existing customers relationships
  2. Experienced Promotors and management team
  3. Scalable business model
  4. 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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