Greenhitech Ventures IPO Review

 
Greenhitech Ventures IPO Review

IPO Open Date: April 12, 2024

IPO Close Date: April 16, 2024

IPO Price: ₹50 per share

Lot Size: 3000 Shares

Listing: April 22, 2024

Greenhitech Ventures is scheduled to hit the market on April 12, 2024 and close on April 16, 2024. Greenhitech Ventures plans to raise around ₹6.30 Cr through an IPO with a sale of up to 1,260,000 equity shares of ₹10 each. The Retail offered 50%, Other Shares Offered 50%.

Greenhitech Ventures, founded in November 2011, specializes in trading various petroleum-based products tailored to meet the diverse needs of industries, such as biofuels, bitumen, and furnace oils. The company actively manages ethanol manufacturing in government-owned distilleries, providing tailored business solutions to fuel consumers and alternative material users across India, with a strong presence in the Purvanchal belt of Uttar Pradesh. Upholding the values of “Effective, Efficient, and Economical,” Greenhitech Ventures Limited is known for its commitment to quality services and supplies.

Situated in Jawahar Nagar Colony, Bhelupura, Varanasi, Greenhitech Ventures Limited operates from its main office. With a workforce of 68 employees, including Key Management Personnel (KMPs), the company focuses on delivering exceptional services and products to its customers while striving for operational excellence and customer satisfaction.

Greenhitech Ventures



Greenhitech Ventures IPO Details

Greenhitech Ventures IPO opens on April 12, 2024, and closes on April 16, 2024. The Listing date for Greenhitech Ventures IPO is on April 22, 2024. The price band for IPO is ₹50 per share and lot size of 3000 Shares.

IPO DateApril 12, 2024 to April 16, 2024
Listing DateApril 22, 2024
Price₹50 per share
Lot Size3000 Shares
Issue Size₹6.30 Cr
Face Value₹10 per share

Greenhitech Ventures IPO Tentative Timetable

Greenhitech Ventures opening date is April 12, 2024 and close date is April 16, 2024. The IPO allotment date is April 18, 2024. The refund initiation of IPO is on April 19, 2024. The credit of shares in demat account is on April 19, 2024. The listing date is on April 22, 2024.

EventDate
IPO OpeningApril 12, 2024
IPO ClosingApril 16, 2024
IPO Allotment DateApril 18, 2024
Refund InitiationApril 19, 2024
Shares Credit to DematApril 19, 2024
Lisiting DateApril 22, 2024

Greenhitech Ventures IPO Lot Size

Lot Size of this IPO is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹150,000).

CategoryLotsSharesAmount
Retail(Minimum)13000₹150,000
Retail(Maximum)13000₹150,000
HNI (Minimum)26000₹300,000

Greenhitech Ventures IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding73.19%

Greenhitech Ventures IPO Review

Greenhitech Ventures Limited, a leading player in the petroleum products market, recently launched its IPO with a market capitalization of Rs 23.5 Cr. The company, established in 2011, specializes in providing a wide range of petroleum-based products to cater to various industrial needs, including biofuels, bitumen, and furnace oils. With a strong emphasis on efficiency and cost-effectiveness, Greenhitech Ventures has made a mark in the Purvanchal belt of Uttar Pradesh, India.

As of January 31, 2024, the company's Key Performance Indicators (KPIs) reflect a Return on Equity (ROE) of 8.17%, Return on Capital Employed (ROCE) of 17.19%, Debt/Equity ratio of 0.95, and Profit After Tax (PAT) Margin of 10.62%. These figures showcase the company's financial stability and growth potential in the market. Additionally, the IPO details reveal an Earnings Per Share (EPS) of Rs 0.91 post-issue and a Price/Earnings (P/E) ratio of 54.95, indicating investor confidence in the company's future prospects.

The IPO proceeds are intended to be utilized for meeting working capital requirements and general corporate expenses. With a track record of steady revenue growth and a focus on innovation and customer satisfaction, Greenhitech Ventures Limited presents an attractive investment opportunity for those looking to participate in India's thriving petroleum industry. Investors keen on sustainable growth and promising returns may find Greenhitech Ventures IPO worth considering for their investment portfolio.

Greenhitech Ventures IPO Subscription Status (Bidding Details)

Table not found

Greenhitech Ventures IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Greenhitech Ventures IPO FAQs

What is Greenhitech Ventures IPO?

Greenhitech Ventures is issuing 1,260,000 equity shares with a face value of ₹10 each, totaling up to ₹6.30 Cr. The shares are being offered at a price of ₹50 each, with a minimum order quantity of 3000 shares.

Skyline Financial Services Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Greenhitech Ventures IPO will open?

Greenhitech Ventures will open on April 12, 2024 for QIB, NII, and Retail Investors.

When Greenhitech Ventures IPO will end?

Greenhitech Ventures will end on April 14, 2024.

What is Greenhitech Ventures IPO Size?

Greenhitech Ventures IPO size is 6.30 Cr.

What is Greenhitech Ventures IPO Price Band?

Greenhitech Ventures price band is ₹50 per share.

What is the Greenhitech Ventures IPO Allotment Date?

Greenhitech Ventures allotment date is April 18, 2024.

What is the Greenhitech Ventures IPO Listing Date?

Greenhitech Ventures listing date is April 22, 2024. The IPO is to be listed on BSE and NSE.

How to Greenhitech Ventures IPO through Zerodha?

To apply for the IPO “Greenhitech Ventures” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Greenhitech Ventures IPO through Upstox?

To apply for the IPO “Greenhitech Ventures” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Greenhitech Ventures IPO Allotment Status?

For Greenhitech Ventures IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Greenhitech Ventures IPO GMP?

You can check out here: Greenhitech Ventures IPO GMP

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About Ishika Agarwal

Ishika Agarwal is a seasoned financial writer with a strong background in the stock market and investment sector. Ishika has a passion for analyzing and interpreting complex financial data to provide valuable insights to her readers.

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