April 22, 2024
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Greenhitech Ventures IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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Greenhitech Ventures IPO Latest updates:
The company will enter the market on 12 April, to raise funds.
What is the latest GMP of Greenhitech Ventures IPO?*
Latest GMP & Subject to rates: Click
Subscription status of Greenhitech Ventures IPO
On 16 April 2024 5.00 pm (Day 3) (Closed)
Review: Impressive trend continues on Day 3
NII: 597000 Shares 921.60 T
RII: 597000 Shares 597.41 T
Total: 1194000 Shares 769.95 T
Total bids of Rs. 4597 Crore Received
What is the business of Greenhitech Ventures?
Greenhitech Ventures is engaged in trading of various petroleum-based products for the different categories of industries based on their requirement. This includes supply of biofuels, bitumen, light density oils, furnace oils etc. The company is also engaged in Operation & Maintenance as Job worker for Ethanol manufacturing in Government owned distilleries.
The company is engaged in Operation & Maintenance as Job worker for Ethanol manufacturing in Government owned distilleries.
The Company is not having its owned manufacturing unit. It bids for tender of Government owned distillery for Operation & Maintenance as Job worker for Ethanol manufacturing.
After receipt of tender, it runs the ethanol plant in government owned distillery and manufacture ethanol and transfer all ethanol manufactured to the respective distillery. Hence there is no procurement and selling of Product for ethanol manufacturing as it manufacturers ethanol in government owned distillery for transferring to them only.
Get more information about the company @ https://www.greenhitech.org/
| Greenhitech Ventures IPO Details | |
| IPO opens on | 12 April 2024 |
| IPO closes on | 16 April 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 1260000 Share /Rs 6.30 Cr |
| * Fresh Issue | 1260000 Share /Rs 6.30 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Market Maker Portion | 66000 Sh. |
| Net offer to Public | 1194000 Share/Rs. 5.97 Cr |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 50 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 3000 Shares |
| Listing will at | BSE SME |
| Shares offered in Greenhitech Ventures IPO | ||
| Shares | Rs. (Cr) | |
| QIB (0%) | – | ? |
| NII (50%) | 597000 | 2.99 |
| RII (50%) | 597000 | 2.98 |
| Total Shares | 1194000 | 5.97 |
| Retail portion will be oversubscribed by | 199 | |
| applications | ||
| How much Shares to Apply in Greenhitech Ventures IPO? | ||
| Min Retail Application | 3000 Share | Rs. 150000 |
| Min HNI Application | 6000 Share | Rs.30000 |
Who are the Promoters of Greenhitech Ventures IPO?
The promoters of the company are Mr. Naved Iqbal and Mr. Mohammad Nadeem
What are the Objects of Greenhitech Ventures IPO?
The Offer comprises only of a Fresh Issue of Equity shares.
The Net Proceeds are proposed to be used in accordance with the details provided in the following
To Meet Working Capital Requirement
General Corporate Expenses
| Greenhitech Ventures IPO Tentative timetable | |
| IPO opens on | 12 April 2024 |
| IPO Closes on | 16 April 2024 |
| IPO Allotment on | 18 April 2024 |
| Refund Initiation | 19 April 2024 |
| Credit of Shares | 19 April 2024 |
| Listing on | 22 April 2024 |
| Registered Office of the Company Greenhitech Ventures Limited B27/92 K1 Jawahar Nagar Colony Bhelupura Varanasi- 221010 |
| Who is the Lead Manager of Greenhitech Ventures IPO? Beeline Capital Advisors Pvt Ltd |
| Who is the Registrar to IPO? Skyline Financial Services Private Ltd |
| Greenhitech Ventures IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 40.08 | 0.24 | 1.73 | 17.30 |
| 2021-22 | 66.12 | 1.35 | 4.19 | 41.91 |
| 2022-23 | 25.04 | 0.57 | 1.81 | 18.14 |
| Book Value of the Share on | 31.03.2023 | Rs – | ||
| BV of the Share at cap price | after the IPO | Rs. 26.31 | ||
| Offer Price/upper band | Rs. 50 | |||
| Greenhitech Ventures IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 27.62 |
| Price/BV Ratio | – |
| Upper price/BV after IPO | 1.90 |
How Greenhitech Ventures IPO compares with the Peers?
There are no listed companies in India that is engaged in business of ethanol manufacturing as jobworker and Trading of Biofuels.
Accordingly, it is not possible to provide a comparison of accounting ratios of industry with this Company.
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Greenhitech Ventures IPO To the point Guidance
Greenhitech Ventures is engaged in trading of various petroleum-based products for the different categories of industries based on their requirement. This includes supply of biofuels, bitumen, light density oils, furnace oils etc. The company is also engaged in Operation & Maintenance as Job worker for Ethanol manufacturing in Government owned distilleries. The Company is not having its owned manufacturing unit. It bids for tender of Government owned distillery for Operation & Maintenance as Job worker for Ethanol manufacturing.
Size: The size of the IPO is just Rs.6.30 Cr /1260000 shares and retail portion is of 597000 shares. The retail portion will get oversubscribed by only 199 applications. With some improved in the sentiment, now oversubscription is not an issue.
Financial Snapshot: Based on earnings of 2022-23, the shares are offered at PE ratio of 27.62. The company is operating in competitive environment. For the reported periods it posted inconsistency in its top and bottom lines. It marked lower top and bottom lines for FY24 so far. Based on annualized FY24 earnings, the issue appears exorbitantly priced. Small equity base post-IPO indicates longer gestation for migration to mainboard.
Guidance: From fundamental angle, the IPO seems unattractive. However, considering small size of the IPO, good oversubscription and accordingly some GMP is possible. Only from the said angle, one or two applications may be made.
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Greenhitech Ventures IPO GMP today details?
Greenhitech Ventures IPO
Greenhitech Ventures IPO FAQs
What is Greenhitech Ventures IPO?
Greenhitech Ventures is a SME IPO of 1260000 equity shares of the face value of Rs. 10 aggregating up to Rs.6.30 Crores. The issue is priced at Rs.50 per share. The minimum order quantity is 3000 Shares.
When will Greenhitech Ventures IPO open?
Greenhitech Ventures IPO opens on April 12, 2024, and closes on April 16, 2024.
What is the lot size of Greenhitech Ventures IPO?
Greenhitech Ventures IPO lot size is 3000 Shares, and the minimum amount required is Rs.150000.
How to apply for Greenhitech Ventures IPO?
You can apply in Greenhitech Ventures IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Greenhitech Ventures IPO allotment?
The finalization of Basis of Allotment for Greenhitech Ventures IPO will be done on April 18, 2024, and the allotted shares will be credited to your demat account by April 19, 2024.
When is Greenhitech Ventures IPO listing date?
Greenhitech Ventures IPO listing date is April 22, 2024.
