Greenhitech Ventures IPO Details: Greenhitech Ventures is excited to announce the forthcoming initial public offering (IPO), scheduled to commence on April 12th, concluding on April 16th. As a BSE SME IPO endeavor, we aim to raise ₹6.30 crores. The IPO price band is firmly set at ₹50, with a market lot comprising 3000 shares.
At Greenhitech Ventures, we specialize in trading a diverse range of petroleum-based products tailored to meet the needs of various industries. Our offerings include biofuels, bitumen, light-density oils, and furnace oils, among others. Additionally, we proudly undertake Operation & Maintenance roles as job workers for ethanol manufacturing within government-owned distilleries. Continuously evolving alongside technological advancements and market trends, we strive to provide comprehensive business solutions and services to fuel consumers and other alternative material users throughout India.
Located at B27/92 K1 Jawahar Nagar Colony, Bhelupura Varanasi-221010, Uttar Pradesh, India, our registered office serves as the cornerstone of our operations.
Operating as job workers for ethanol manufacturing in government-owned distilleries, we do not possess our own manufacturing unit. Instead, we actively participate in tender bids for ethanol manufacturing operation and maintenance contracts within government-owned distilleries.
Driven by a profound understanding of agriculture, a passion for innovation, and substantial investments in research and development, we champion biofuels as a sustainable alternative to traditional fossil fuels. Our commitment to being “Effective, Efficient, and Economical” forms the bedrock of our operations, regardless of the services or supplies we offer. Renowned within the Purvanchal belt of Uttar Pradesh, India, we have garnered a strong reputation for our supply of bio-diesel, supported by an extensive network of customers, potential clients, and vendors.
Greenhitech Ventures IPO Objectives:
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 IPO Review (Apply or Not)
- To be updated soon
Greenhitech Ventures IPO Date & Price Band Details:
| IPO Open: | 12-April-2024 |
| IPO Close: | 16-April-2024 |
| IPO Size: | Approx ₹6.30 Crores, 12,60,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹50 Per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 50% of the net offer |
| QIB Quota: | [.]% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Greenhitech Ventures IPO Lot Size:
The minimum market lot for the Greenhitech Ventures IPO comprises 3000 shares, requiring an application amount of ₹150,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 3000 | ₹150,000 |
| Retail Maximum | 1 | 3000 | ₹150,000 |
| S-HNI Minimum | 2 | 6000 | ₹300,000 |
Greenhitech Ventures IPO Timeline:
The Greenhitech Ventures IPO is scheduled to open on April 12th, with the closing date set for April 16th. Following this, the IPO allotment date is slated for April 18th, with the possibility of listing on April 22nd.
| IPO Open Date: | 12-April-2024 |
| IPO Close Date: | 16-April-2024 |
| Basis of Allotment: | 18-April-2024 |
| Refunds: | 19-April-2024 |
| Credit to Demat Account: | 19-April-2024 |
| IPO Listing Date: | 22-April-2024 |
Greenhitech Ventures IPO GMP Today:
According to investorgain.com, the Grey Market Premium (GMP) for Greenhitech Ventures IPO stands at +8. This suggests that Greenhitech Ventures shares are trading at a premium of ₹8 in the grey market.
Considering the upper end of the IPO pricing band and the current premium in the grey market, it’s estimated that Greenhitech Ventures’ IPO listing price would be around ₹58 per share. This represents a 16% increase from the IPO price of ₹50.
Greenhitech Ventures Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹40.08 | ₹39.67 | ₹0.24 |
| 2022 | ₹66.12 | ₹63.83 | ₹1.35 |
| 2023 | ₹25.04 | ₹24.07 | ₹0.57 |
| January 2024 | ₹3.36 | ₹2.88 | ₹0.36 |
Greenhitech Ventures IPO Valuation – FY2023
Check Greenhitech Ventures IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹71.53 per Equity Share |
| Price/Earning P/E Ratio: | 27.62 |
| Return on Net Worth (RoNW): | 18.14% |
| Net Asset Value (NAV): | ₹3154.50 per Equity Share |
Peer Group
- NA
Company Promoters
- Mr. Naved Iqbal
- Mr. Mohammad Nadeem
Greenhitech Ventures IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Greenhitech Ventures IPO Allotment Status
Check Greenhitech Ventures IPO allotment status on Skyline Financial website URL. Click Here
Greenhitech Ventures IPO Lead Managers aka Merchant Bankers
- Beeline Capital Advisors Pvt Ltd
Company Address
Greenhitech Ventures Limited
B27/92 K1 Jawahar Nagar Colony
Bhelupura
Varanasi- 221010
Phone: +91-9336875025
Email: info@greenhitech.org
Website: https://www.greenhitech.org/
