Greenhitech Ventures IPO will open for subscription from 12 April 2024. The company aims for an issue size of ₹6.30 Cr through this IPO.
Company Overview
| Full name | Greenhitech Ventures Limited |
| Sector | Crude Oil |
| Industry | Petrochemicals |
| Company Website | https://www.greenhitech.org/ |
About Company
Greenhitech Ventures operates within the realm of trading various petroleum-based products tailored to diverse industrial needs. Their portfolio encompasses the supply of biofuels, bitumen, light-density oils, furnace oils, and more. Additionally, the company actively participates in Operation & Maintenance as a job worker for Ethanol manufacturing within government-owned distilleries. Offering comprehensive business solutions and services, Greenhitech Ventures caters to consumers of fuels and alternative materials throughout India.
Renowned in the Purvanchal belt of Uttar Pradesh, Greenhitech Ventures prioritizes ‘Effective, Efficient, and Economical’ principles in all its services and supplies. As of 31 January 2024, the company employs a total of 68 individuals on its payroll.
The Objectives of the Issue
- To Meet Working Capital Requirement
- General Corporate Expenses
Greenhitech Ventures IPO Timetable
| IPO Opening date | 12 April 2024 |
| IPO Closing | 16 April 2024 |
| Basis of Allotment | 18 April 2024 |
| Initiation Refund | 19 April 2024 |
| Credit to Demat Account | 19 April 2024 |
| Listing Date | 22 April 2024 |
Greenhitech Ventures IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹6.30 Cr – 1,260,000 shares |
| Fresh Issue | ₹6.30 Cr – 1,260,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹50 per share |
| Lot size | 3000 Shares |
| Market Maker portion | 66,000 shares |
| Shareholding pre-issue | 3,440,000 |
| Shareholding post-issue | 4,700,000 |
| Listing Exchange | BSE SME |
Greenhitech Ventures IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹150,000 |
| Retail (Max) | 1 | 3000 | ₹150,000 |
| HNI (Min) | 2 | 6,000 | ₹300,000 |
Greenhitech Ventures IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 66,000 (5.24%) |
| Other Shares Offered | 597,000 (47.38%) |
| Retail Shares Offered | 597,000 (47.38%) |
| Total Shares Offered | 1,260,000 (100%) |
Greenhitech Ventures Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 1 Apr – 13 May 2023 | 14 May 2023 – 31 Jan 2024 | |
| Revenue | 40.07 | 66.12 | 25.04 | 1.39 | 3.36 |
| Expenses | 39.67 | 63.83 | 24.07 | 1.32 | 2.88 |
| Net income | 0.24 | 1.35 | 0.57 | 0.05 | 0.36 |
Greenhitech Ventures Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 1.73 | 4.19 | 1.81 |
| PE ratio | – | – | 27.62 |
| RONW (%) | 17.30 | 41.91 | 18.14 |
| NAV | 1,409.88 | 3,224.47 | 3,154.50 |
| ROCE (%) | 46.53 | 79.69 | 49.39 |
| EBITDA (%) | 1.64 | 3.89 | 6.22 |
| Debt/Equity | 0.81 | 0.47 | 1.10 |
Company Promoters
- Mr. Naved Iqbal
- Mr. Mohammad Nadeem
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.19% |
Greenhitech Ventures IPO Lead Manager(s)
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
Shilp Corporate Park, B Block, 13th Floor,
B-1311-1314, Near Rajpath Club, RajpathRangoli Road,
S.G. Highway, Ahmedabad, Gujarat- 380054
Phone: +91-79-48407357
Email: mb@beelinemb.com
Website: www.beelinemb.com
Greenhitech Ventures Registrar
SKYLINE FINANCIAL SERVICES PVT. LTD
D-153 A, 1st Floor, Okhla Industrial Area,
Phase – I, New Delhi-110020
Phone: +91- 11-40450193-197
Email: ipo@skylinerta.com
Website: www.skylinerta.com
Greenhitech Ventures Contact Details
GREENHITECH VENTURES LIMITED
B27/92 K1 Jawahar Nagar Colony,
Bhelupura Varanasi-221010, Uttar Pradesh
Phone: +91-9336875025
E-mail: info@greenhitech.org
Website: www.greenhitech.org
Greenhitech Ventures IPO Allotment Status
Greenhitech Ventures IPO allotment status will be available on Skyline Financial Services’ website. Click on this link to get allotment status.
Final thoughts
Greenhitech Ventures IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
