Greenhitech Ventures Limited IPO Detail
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.
Company Promoters
Mr. Naved Iqbal and Mr. Mohammad NadeemIPO Details
| IPO Opening Date | Apr 12, 2024 |
| IPO Closing Date | Apr 16, 2024 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹50 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹6.30 Cr |
| Fresh Issue | ₹6.30 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | 0.00x | 0.00x | 6.56x | 25.10x | 15.83x |
| Day 2 | 0.00x | 0.00x | 0.00x | 70.56x | 147.06x | 108.86x |
| Day 3 | 0.00x | 0.00x | 0.00x | 921.60x | 597.41x | 769.95x |
IPO Tentative Timetable
The Greenhitech Ventures Limited IPO open date is Apr 12, 2024, and the close date is Apr 16, 2024. The issue may list on Apr 22, 2024.
| IPO Open Date | Apr 12, 2024 |
| IPO Close Date | Apr 16, 2024 |
| Basis of Allotment Date | Apr 18, 2024 |
| Initiation of Refunds | Apr 19, 2024 |
| Credit of Shares to Demat Account | Apr 19, 2024 |
| IPO Listing Date | Apr 22, 2024 |
IPO Lot Size
The Greenhitech Ventures Limited IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹150000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹150000 |
| Maximum | 1 | 3000 | ₹150000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.19% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 2378.58 | 4007.69 | 24.39 |
| 31-Mar-22 | 3188.77 | 6611.58 | 135.14 |
| 31-Mar-23 | 2708.06 | 2504.35 | 57.23 |
| 31-Jan-24 | 2677.75 | 335.67 | 35.64 |
Objects of the Issue:
The Net Proceeds are proposed to be used in accordance with the details provided in the following
- To Meet Working Capital Requirement
- General Corporate Expenses
Greenhitech Ventures Limited IPO Registrar:
Skyline Financial Services Private Ltd
Greenhitech Ventures Limited IPO Lead Manager(s):
Beeline Capital Advisors Pvt Ltd
Company Contact Information:
Greenhitech Ventures Limited
B27/92 K1 Jawahar Nagar Colony
Bhelupura
Varanasi- 221010
