Hi-Green Carbon IPO GMP, Review, Price, Allotment

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Last updated on September 28, 2023

Hi-Green Carbon IPO GMP

Hi-Green Carbon IPO description – Incorporated in 2011, Hi-Green Carbon is engaged in the business of waste tyres recycling. The company’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. The process is fully automatic and requires almost no human intervention. The plant is installed with a capacity of recycling 100 MT of waste tyres per day, and Sodium silicates 60 MT per day.

The company’s major products are 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 proposing a new manufacturing plant in the Dhule district of Maharashtra, with the capacity of recycling 100 MT waste tyres per day, spanning 21,500 sq. meters.

As of 31 March 2023, the company has 32 employees including on-roll labor.

Hi-Green Carbon

Promoters of Hi-Green CarbonM/S Rng Finlease Private Limited, Mr. Amitkumar Hasmukhrai Bhalodi, Dr. Shaileshkumar Vallabhdas Makadia, Mrs. Krupa Chetankumar Dethariya, Mrs. Radhika Amitkumar Bhalodi, Mrs. Shriyakumari Shaileshkumar Makadia and Mr. Koosh Chetanbhai Dethariya


Hi-Green Carbon IPO Details

Hi-Green Carbon IPO Dates21 – 25 September 2023
Hi-Green Carbon Issue PriceINR 71 – 75 per share
Fresh issue59,90,000 shares (INR 42.53 – 44.93 crores)
Offer For Sale10,50,000 shares (INR 7.46 – 7.88 crores)
Total IPO size70,40,000 shares (INR 49.98 – 52.80 crores)
Minimum bid (lot size)1,600 shares (INR 120,000)
Face Value INR 10 per share
Retail Allocation35%
Listing OnNSE SME

Hi-Green Carbon Financial Performance

 FY 2021FY 2022FY 2023
Revenue24.2751.1178.52
Expenses24.1646.4762.91
Net income0.103.6810.85
Figures in INR crores unless specified otherwise

Hi-Green Carbon Offer News


Hi-Green Carbon Valuations & Margins

FY 2021FY 2022FY 2023
EPS0.051.945.71
PE ratio12.43 – 13.14
RONW (%)1.1931.3448.02
NAV4.246.1811.89
ROCE (%)3.2827.9764.70
EBITDA (%)14.6717.3225.39
Debt/Equity 2.211.350.60
*Compiled by IPO Central from Prospectus

Hi-Green Carbon IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
27 September 20235065,000
26 September 20235065,000
25 September 20236073,000
23 September 20236070,000
22 September 20235565,000
21 September 20235060,000
20 September 20232832,000
19 September 20232832,000
18 September 20232525,000
16 September 20231520,000
15 September 20231520,000

Hi-Green Carbon IPO Subscription – Live Updates

CategoryQIBNIIRetailTotal
Shares Offered1,323,2001,416,0002,316,8005,056,000
25 Sep 202369.95166.43196.34154.88
22 Sep 202310.8613.5735.9823.13
21 Sep 20237.922.4310.977.78

Hi-Green Carbon IPO Allotment Status

Hi-Green Carbon IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.


Hi-Green Carbon IPO Dates & Listing Performance

IPO Opening Date21 September 2023
IPO Closing Date25 September 2023
Finalization of Basis of Allotment26 September 2023
Initiation of refunds27 September 2023
Transfer of shares to demat accounts27 September 2023
IPO Listing Date28 September 2023
Opening Price on NSE SMEINR 77 per share (up 2.67%)
Closing Price on NSE SMEINR 80.85 per share (up 7.8%)

Hi-Green Carbon Offer Lead Manager

BEELINE CAPITAL ADVISORS PRIVATE LIMITED
B 1311-1314, Thirteenth Floor, Shilp Corporate Park,
Rajpath Rangoli Road, Thaltej, Ahmedabad- 380054
Phone: +91-79-48405357, 48406357
Email[email protected]
Website: www.beelinemb.com


Hi-Green Carbon Offer Registrar

LINK INTIME INDIA PRIVATE LIMITED
C-101, 247 Park, 1st Floor, L.B.S. Marg,
Vikhroli West, Mumbai, 400 083, Maharashtra
Phone: +91 22 4918 6200
Email: [email protected]
Website: www.linkintime.com


Hi-Green Carbon Contact Details

HI-GREEN CARBON LIMITED
G-557, Lodhika Industrial Estate, Metoda G.I.D.C.
Gate No. 3, Metoda, Lodhika Rajkot- 36002, Gujarat
Phone: +91 92275 74010
E-mail: [email protected]
Website: www.higreencarbon.com


IPO FAQs

What is Hi-Green Carbon Issue offer size?

Hi-Green Carbon offer size is INR 49.98 – 52.80 crores.

What is the Hi-Green Carbon offer price band?

Hi-Green Carbon public offer price is INR 71 – 75 per share.

What is the lot size of Hi-Green Carbon public offer?

Hi-Green Carbon offer lot size is 1,600 shares.

What is Hi-Green Carbon IPO GMP today?

Hi-Green Carbon IPO GMP today is INR 50 per share.

What is Hi-Green Carbon kostak rate today?

Hi-Green Carbon kostak rate today is INR NA per application.

What is Hi-Green Carbon Subject to Sauda rate today?

Hi-Green Carbon Subject to Sauda rate today is INR 65,000 per application.

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