Greenhitech Ventures Limited
Fixed Price Issue IPO · BSE
- Price band
- ₹50 - ₹50
- Lot size
- 3,000 shares
- Issue amount
- ₹6.3 cr
- Total subscription
- 770.01×
- Opens
- 12 Apr 2024
- Closes
- 16 Apr 2024
- Allotment
- 18 Apr 2024
- Listing
- 22 Apr 2024
Offer at a glance
Issue overview
- Issue size
- 12,60,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,50,000
- Fresh issue
- ₹6.3 cr
- Offer for sale
- ₹0 cr
- Registrar
- Skyline Financial Services Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,50,000
- Issue type
- Fixed Price Issue IPO
- Shares before issue
- 34,40,000
- Shares after issue
- 47,00,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 3,000 | ₹1,50,000 |
| HNI | 2 | 6,000 | ₹3,00,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 2.98 | 1,783.28 |
| NIB | 2.98 | 2,813.67 |
Financial performance
Company financials
in ₹ Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Jan-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 1.06 | 1.81 | 4.19 |
| ROE | 8.17 | 17.94 | 58.32 |
| ROCE | 17.19 | 49.39 | 79.69 |
| RONW | 7.8 | 18.14 | 41.91 |
| PRE IPO(PE) | 3.77 | 0 | 0 |
| POST IPO(PE) | 30.05 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Incorporated in November 2011, Greenhitech Ventures Limited has established itself as a key player in the trading of petroleum-based products, catering to industries with a diverse range of biofuels, bitumen, and furnace oils. In addition to trading, the company is actively involved in the operation and maintenance of ethanol manufacturing in government-owned distilleries, reinforcing its commitment to renewable energy. Serving fuel consumers and alternative material users across India, particularly in the Purvanchal region of Uttar Pradesh, Greenhitech focuses on delivering effective, efficient, and economical solutions. Headquartered in Jawahar Nagar Colony, Bhelupura, Varanasi, the company employs a dedicated team of 68 professionals, including Key Management Personnel (KMPs), as of January 31, 2024. With its emphasis on sustainability and economic growth, Greenhitech Ventures Limited continues to make a meaningful impact in the energy sector.
Strengths
- Strengthening Client Relationships: Expanding service offerings and maintaining high-quality standards can deepen trust and encourage long-term contracts.
- Optimizing Scalability: Strategic investments in infrastructure, technology, and workforce training can enhance the company’s ability to scale efficiently.
- Enhancing Logistics and Supply Chain Management: Continuous improvement in logistics and supplier partnerships can further streamline operations and improve cost efficiency.
Risk factors
- Managing Biofuel Market Volatility: Diversifying suppliers, securing long-term contracts, and staying updated on government policies can help reduce risks from biofuel price fluctuations and supply chain disruptions.
- Navigating Expansion Risks: Partnering with experienced industry players, investing in research and development, and ensuring regulatory compliance will be crucial for successful diversification into ethanol manufacturing.
- Improving Cash Flow Management: Strengthening revenue streams, optimizing operational efficiencies, and maintaining a balanced debt-equity structure can help mitigate financial risks associated with historical negative cash flows.
Promoters
Mr. Naved Iqbal
Mr. Mohammad Nadeem
Registrar & documents
Lead manager
Beeline Capital Advisors Private Limited
Registrar & contacts
Skyline Financial Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
B27/92 K1 Jawahar Nagar Colony, Bhelupura, Varanasi -221010
+91 9336875025
[email protected]Company website ↗Understanding GVL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.