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

Last updated on September 28, 2023

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.

Promoters of Hi-Green Carbon – M/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

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Hi-Green Carbon IPO Details

Hi-Green Carbon IPO Dates	21 – 25 September 2023
Hi-Green Carbon Issue Price	INR 71 – 75 per share
Fresh issue	59,90,000 shares (INR 42.53 – 44.93 crores)
Offer For Sale	10,50,000 shares (INR 7.46 – 7.88 crores)
Total IPO size	70,40,000 shares (INR 49.98 – 52.80 crores)
Minimum bid (lot size)	1,600 shares (INR 120,000)
Face Value	INR 10 per share
Retail Allocation	35%
Listing On	NSE SME

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Hi-Green Carbon Financial Performance

	FY 2021	FY 2022	FY 2023
Revenue	24.27	51.11	78.52
Expenses	24.16	46.47	62.91
Net income	0.10	3.68	10.85

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Hi-Green Carbon Offer News

• Hi-Green Carbon RHP
• Hi-Green Carbon Draft Prospectus
• ASBA IPO Forms
• Live IPO Subscription Status
• IPO Allotment Status

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Hi-Green Carbon Valuations & Margins

	FY 2021	FY 2022	FY 2023
EPS	0.05	1.94	5.71
PE ratio	–	–	12.43 – 13.14
RONW (%)	1.19	31.34	48.02
NAV	4.24	6.18	11.89
ROCE (%)	3.28	27.97	64.70
EBITDA (%)	14.67	17.32	25.39
Debt/Equity	2.21	1.35	0.60

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Hi-Green Carbon IPO GMP Today

Date	Consolidated IPO GMP	Kostak	Subject to Sauda
27 September 2023	50	–	65,000
26 September 2023	50	–	65,000
25 September 2023	60	–	73,000
23 September 2023	60	–	70,000
22 September 2023	55	–	65,000
21 September 2023	50	–	60,000
20 September 2023	28	–	32,000
19 September 2023	28	–	32,000
18 September 2023	25	–	25,000
16 September 2023	15	–	20,000
15 September 2023	15	–	20,000

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Hi-Green Carbon IPO Subscription – Live Updates

Category	QIB	NII	Retail	Total
Shares Offered	1,323,200	1,416,000	2,316,800	5,056,000
25 Sep 2023	69.95	166.43	196.34	154.88
22 Sep 2023	10.86	13.57	35.98	23.13
21 Sep 2023	7.92	2.43	10.97	7.78

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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.

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Hi-Green Carbon IPO Dates & Listing Performance

IPO Opening Date	21 September 2023
IPO Closing Date	25 September 2023
Finalization of Basis of Allotment	26 September 2023
Initiation of refunds	27 September 2023
Transfer of shares to demat accounts	27 September 2023
IPO Listing Date	28 September 2023
Opening Price on NSE SME	INR 77 per share (up 2.67%)
Closing Price on NSE SME	INR 80.85 per share (up 7.8%)

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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

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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

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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

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