Hi-Green Carbon (NSE SME)
September 21, 2023 – September 25, 2023
| Price | ₹71 - ₹75 |
| Premium | ₹35 |
|---|---|
| Lot size | 1600 |
| Allotment | Sep 26, 2023 |
| Listing | Sep 28, 2023 |
Hi-Green Carbon Limited
G-557, Lodhika Industrial Estate,
Metoda G.I.D.C. Gate No. 3, Metoda,
Lodhika Rajkot - 360021
Phone: +91 92275 74010
Email: compliance@higreencarbon.com
Website: https://www.higreencarbon.com/index.php
Last updated on 25-Sep-2023 17:59:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 13,23,200 | 9,25,53,600 | 69.95 |
| NIB | 9,95,200 | 23,56,64,000 | 236.8 |
| RETAIL | 23,16,800 | 45,48,83,200 | 196.34 |
| Total | 46,35,200 | 78,31,00,800 | 168.95 |
| Retail Apps | 2,84,302 | © IPO Premium | |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1600 | 120000 | 0 |
| HNI | 2 | 3200 | 240000 | 0 |
Incorporated in 2011, Hi-Green Carbon Limited, previously known as Shantol Green Hydrocarbons (India), is engaged in the business of waste tyres recycling.
Hi-Green Carbon's manufacturing plant is located in Rajasthan. The plant operates on a continuous pyrolysis process. It is an uninterrupted working method with a continuous feeding and discharging system controlled by the program logic controller system. It is a fully automatic process and requires almost no human intervention. The plant is installed with a capacity of recycling 100 MT waste tyres per day.
The company's product portfolio includes Recovered Carbon Black (rCB) and Steel Wires under the Raw Material Category, Fuel Oil and Synthesis Gas under the Energy components category. Synthesis Gas is further used in manufacturing sodium silicate commonly known as raw glass.
The company is planning to construct a new manufacturing plant in the Dhule district of Maharashtra, with a capacity of recycling 100 MT waste tyres per day, spanning across 21,500 sq. meters.
Hi-Green Carbon has been certified with Environmental Management Measures with ISO 14001:2015, Occupational Health & Safety Management standards with ISO 45001:2018, Quality Management Standards with ISO 9001:2015, Good Manufacturing Practice (GMP) and RoHS. Its product is REACH compliant in terms of sustainability standards.
Hi-Green Carbon IPO Details
| Issue Size | 7,040,000 shares (aggregating up to ₹52.80 Cr) |
| Fresh Issue | 5,990,000 shares (aggregating up to ₹44.93 Cr) |
| Offer for Sale | 1,050,000 shares of ₹10 (aggregating up to ₹7.88 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 19,000,000 |
| Share holding post issue | 24,990,000 |
| Market Maker portion | 420,800 shares Spread X Securities |
Hi-Green Carbon IPO Reservation
Hi-Green Carbon IPO a total of 7,038,400 shares are offered. QIB: 1,323,200 (18.80%), RII: 2,316,800 (32.92%), NII: 993,600 (14.12%).
| Anchor Investor Shares Offered | 1,984,000 (28.19%) |
| Market Maker Shares Offered | 420,800 (5.98%) |
| QIB Shares Offered | 1,323,200 (18.80%) |
| NII (HNI) Shares Offered | 993,600 (14.12%) |
| Retail Shares Offered | 2,316,800 (32.92%) |
| Shares Offered | 7,038,400 (100%) |
Hi-Green Carbon IPO Anchor Investors Details
Hi-Green Carbon IPO raises Rs 14.88 crore from anchor investors. Hi-Green Carbon IPO Anchor bid date is September 20, 2023. Hi-Green Carbon IPO Anchor Investors list
| Bid Date | September 20, 2023 |
| Shares Offered | 1,984,000 |
| Anchor Portion Size (In Cr.) | 14.88 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 13, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | February 8, 2024 |
Hi-Green Carbon IPO Lead Manager(s)
Beeline Capital Advisors Pvt Ltd
Company Financials
| Period | Mar 2021 | Mar 2022 | Mar 2023 |
| Assets | 3,310.91 | 3,424.36 | 4,387.83 |
| Revenue | 2,429.39 | 5,113.95 | 7,903.90 |
| Profit | 9.59 | 367.95 | 1,084.78 |
| Net Worth | 806.28 | 1,174.23 | 2,259.02 |
| Reserves | -1,093.72 | -725.77 | 359.02 |
| Borrowing | 1,783.10 | 1,586.70 | 1,362.19 |