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Greenhitech Ventures SME IPO Details, Financials, Valuation & Peers
By IPOBase •Last Updated on
Get everything you need to know about the Greenhitech Ventures IPO. Explore Greenhitech Ventures IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Status
Listed
Biding Dates
12 Apr - 16 Apr 2024
Price Range
₹ 50
Issue Size
₹ 6.3 crore
Listed Price
₹9590.00%
Overview
Greenhitech Ventures is a company primarily engaged in trading petroleum-based products, including biofuels, bitumen, light density oils, and furnace oils, catering to various industries in India. Additionally, the company operates as a job worker for ethanol manufacturing in government-owned distilleries, providing operation and maintenance services. Notably, the company does not own manufacturing units but bids for tenders to operate ethanol plants in government distilleries.
Key Points:
- Product Portfolio: Greenhitech Ventures offers a range of petroleum-based products tailored to meet the needs of different industries. This includes biofuels, bitumen, and various oils.
- Ethanol Manufacturing: The company specializes in ethanol manufacturing as a job worker in government-owned distilleries. It operates ethanol plants and supplies ethanol exclusively to the respective distilleries.
- Location and Presence: The company's registered office is located in Varanasi, Uttar Pradesh, India. It has established itself as a prominent player in the Purvanchal belt of Uttar Pradesh for the supply of bio-diesel.
- Expertise in Ethanol Production: The company stands out as one of the few eligible players for the operation and maintenance of ethanol production in government-managed distilleries. It possesses the technical capabilities to run ethanol distillation units using both ethanol and grain-based raw materials.
Objects of the Issue
- To Meet Working Capital Requirement
- General Corporate Purpose
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 12 Apr - 16 Apr 2024 |
| IPO Price Band | ₹ 50 per share |
| Fresh Issue | 12,60,000 Shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹ 6.3 crore |
| Face Value | ₹ 10 |
| Listing On | BSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 12 Apr 2024 |
| IPO Closing Date | 16 Apr 2024 |
| Basis Of Allotment | 18 Apr 2024 |
| Refunds | 19 Apr 2024 |
| Demat Transfer | 19 Apr 2024 |
| IPO Listing Date | 22 Apr 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Jan 2024 |
|---|---|---|---|---|
| Total Income | 40.08 | 66.12 | 25.04 | 4.75 |
| Total Expenses | 39.67 | 63.83 | 24.07 | 4.20 |
| Net Profit/Loss | 0.24 | 1.35 | 0.57 | 0.41 |
| NPM (*) | 0.61 | 2.04 | 2.29 | 8.57 |
| Total Assets | 23.79 | 31.89 | 27.08 | 26.79 |
| Total Liabilities | 22.38 | 28.66 | 23.93 | 22.21 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Jan 2024 |
|---|---|---|---|---|
| EPS | 30.48 | 168.93 | 71.53 | NA |
| ROE (%) | 17.30 | 41.91 | 18.14 | NA |
| ROCE (%) | 46.53 | 79.69 | 49.39 | NA |
| D/E Ratio | 0.81 | 0.47 | 1.10 | NA |
| Current Ratio | 1.06 | 1.13 | 1.21 | NA |
| EBITDA MARGIN (%) | 1.64 | 3.89 | 6.22 | 19.55 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
No listed peers available for comparison.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 0 |
| Non-Institutional Investor (NII/HNI) | 921.33 |
| Retail Individual Investor (RII) | 584.41 |
| Total | 763.32 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Skyline Financial Services Private Limited
Phone: 011-40450193-197
Email: ipo@skylinerta.com
Website: www.skylinerta.com
Company Promoters
- MR. NAVED IQBAL
- MR. MOHAMMAD NADEEM
Lead Managers
- Beeline Capital Advisors Private Limited
Company Address
Greenhitech Ventures Limited
B27/92 K1 Jawahar Nagar Colony,
Bhelupura Varanasi-221010, Uttar Pradesh, India
Phone: +91-9336875025
Email: info@greenhitech.org
Website: www.greenhitech.org
FAQs
- What is the issue size of the Greenhitech Ventures SME IPO?The Greenhitech Ventures SME IPO has an issue size of ₹ 6.3 crore. This includes a fresh issue of 12,60,000 Shares and an offer for sale (OFS) of NIL.
- What is the price band of the Greenhitech Ventures IPO?The price band for the Greenhitech Ventures IPO is ₹ 50 per share.
- What are the bidding dates for the Greenhitech Ventures IPO?The Greenhitech Ventures IPO will open for bidding on 12 Apr 2024 and close on 16 Apr 2024.
- What is the allotment date for the Greenhitech Ventures IPO?The allotment date for the Greenhitech Ventures IPO is 18 Apr 2024.
- What is the listing date for the Greenhitech Ventures IPO?The listing date for the Greenhitech Ventures IPO is 22 Apr 2024.
- What is the Greenhitech Ventures IPO grey market premium?The grey market premium (GMP) for the Greenhitech Ventures IPO is currently at ₹42, with an expected listing gain of approximately 84%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.