Hi-Green Carbon Limited
Book Built Issue IPO · NSE
- Price band
- ₹71 - ₹75
- Lot size
- 1,600 shares
- Issue amount
- ₹52.8 cr
- Total subscription
- 168.95×
- Opens
- 21 Sept 2023
- Closes
- 25 Sept 2023
- Allotment
- 26 Sept 2023
- Listing
- 28 Sept 2023
Offer at a glance
Issue overview
- Issue size
- 70,40,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,13,600
- Fresh issue
- ₹44.93 cr
- Offer for sale
- ₹7.88 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,20,000
- Issue type
- Book Built Issue IPO
- Shares before issue
- 1,90,00,000
- Shares after issue
- 2,49,90,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,600 | ₹1,20,000 |
| HNI | 2 | 3,200 | ₹2,40,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 9.92 | 694.15 |
| RETAIL | 17.38 | 3,411.62 |
| NIB | 7.46 | 1,767.48 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Values |
|---|---|
| EPS | 5.71 |
| ROE | 63.19 |
| ROCE | 64.7 |
| RONW | 48.02 |
| PRE IPO(PE) | 13.13 |
| POST IPO(PE) | 17.28 |
Values and labels as reported in the issue data.
Company information
Company profile
Incorporated in 2011, Hi-Green Carbon Limited is a waste tyre recycling company operating a fully automated continuous pyrolysis plant in Rajasthan, capable of recycling 100 MT of waste tyres per day. The company extracts recovered carbon black (rCB) and steel wires as raw materials, along with fuel oil and synthesis gas as energy components, with synthesis gas also used to produce sodium silicate (raw glass). Hi-Green Carbon is also setting up a second plant in Dhule, Maharashtra with similar capacity. The company is certified with ISO 9001, ISO 14001, ISO 45001, GMP and RoHS, and its products comply with REACH sustainability standards.
Promoters
Mr. Amitkumar Hasmukhrai Bhalodi
Dr. Shaileshkumar Vallabhdas Makadia
Mrs. Krupa Chetankumar Dethariya
Mrs. Radhika Amitkumar Bhalodi
Mrs. Shriyakumari Shaileshkumar Makadia
Mr. Koosh Chetankumar Dethariya
Registrar & documents
Lead manager
Beeline Capital Advisors Private Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
G-557, Lodhika Industrial Estate, Metoda G.I.D.C. Gate No. 3, Metoda, Lodhika Rajkot - 360021
+91 92275 74010
[email protected]Company website ↗Understanding HIGREEN 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.