Hi-Green Carbon Limited IPO GMP Today:- Stock market investors are very interested in learning more about the stocks in the energy sector. The evidence indicates that Hi-Green Carbon Limited is getting ready to launch its initial public offering. Through a public offering, the business is issuing new shares worth 60 crore rupees. If you’re also curious about this upcoming IPO, keep reading because we’ve provided all the details on Hi-Green Carbon Limited IPO GMP Today.
Hi-Green Carbon Limited, a leading player in the carbon industry, has positioned itself as a key player in the global transition towards green technologies and sustainability. The company’s commitment to reducing carbon emissions and promoting environmental responsibility has resonated with investors who are seeking opportunities in the growing green sector. As the IPO progresses, it will be interesting to see how Hi-Green Carbon Limited continues to impact the market and shape the future of sustainable investing.
Hi-Green Carbon Limited IPO GMP Today
There is fantastic news for any high network or retail investors who want to participate in the energy business since a firm called High Green Carbon Limited is launching its initial public offering in which shares worth $44,000,000,000 are arriving through a new issuance. Additionally, the remaining shares, valued at 8 crores, are being put up for sale. IPO for Hi-Green Carbon Limited GMP Today reports that the IPO subscription period will begin on September 21, 2023.
The final day to subscribe to the initial public offering (IPO) has been set to September 25, 2023, and shares will be distributed to everyone by September 28, 2023. By October 4, this stock will begin to be listed publicly, according to SEBI. Hi-Green Carbon Limited’s IPO GMP Today is expected to have a beginning price per share that ranges from 71 to 75 dollars. One lot will have 1600 units, hence the required minimum investment will be close to 120,000.
Hi-Green Carbon Limited IPO GMP Today Overview
|Article||Hi-Green Carbon Limited IPO GMP Today|
|Stock Exchange||BSE – NSE|
|Sector||Raw Material and Energy|
|Share Price||71 to 75 Rupees|
|Total Offering||Around 52 Crore|
Hi-Green Carbon Limited Business Model
We would like to inform everyone who does not already know about Hi Green Carbon Limited Company that at one point this business was also known as Shantol Hydrocarbon Limited. This business specializes in the finest tyre recycling. In Rajasthan, a facility recycles 100 metric tonnes of tyres daily. This procedure is fully automatic. In accordance with the Hi-Green Carbon Limited Business Model, the firm obtains steel wire, global carbon black, synthesis gas and fuel oil in exchange for recycling, from which it makes the most money.
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Hi-Green Carbon Limited IPO Important Dates
Hi Green Carbon Limited, an Indian firm, will launch its initial public offering with the support of the National Stock Exchange and Mumbai Stock Exchange with the objective of raising finance of around 55 crore. We’ve included some crucial dates for this event below:
- IPO Open Date: Thursday, September 21, 2023
- IPO Close Date: Monday, September 25, 2023
- Basis of Allotment: Thursday, September 28, 2023
- Initiation of Refunds: Friday, September 29, 2023
- Credit of Shares to Demat: Tuesday, October 3, 2023
- Listing Date: Wednesday, October 4, 2023
- Cut-off time for UPI mandate confirmation: 5 PM on September 25, 2023
Hi-Green Carbon Limited IPO Objectives
Why is Hi Green Carbon Limited conducting its Initial Public Offering rather than being a private limited company when everyone knows that it is a successful business with a bright future? This public listing is being done to acquire money for the firm to develop and build another manufacturing facility in Maharashtra. Like the facility in Rajasthan, this one will likewise recycle 100 metric tonnes of tyres each day. Working capital financing will also be necessary, and this money will be utilised for a variety of other company costs. The funds from Hi-Green Carbon Limited’s IPO Objective will now also be applied to the business’s public offering costs.
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Hi-Green Carbon Limited Financials
The business concept of the firm, details on the promoters and other investors, and the company’s whole financial picture should all be known and understood before participating in any IPO. We have included the financial information about Hi-Green Carbon Limited in the table below to make your job easier:
|Period Ended||31 Mar 2021||31 Mar 2022||31 Mar 2023|
|Profit After Tax||₹9.59||₹367.95||₹1,084.78|
|Reserves and Surplus||-1,093.72||-725.77||₹359.02|
Hi-Green Carbon Limited Promoter Holding
Numerous prominent businesspeople and investors who presently control 100% of the firm but will only own 71% following the public offering are included among the company’s promoters. The list of Hi-Green Carbon Limited Promoter Holding includes M/S RNG Fin lease Private Limited, Mr. Amit Kumar Hasmukhlal Bhalodi, Dr. Shailesh Kumar Vallabhdas Makadia, Mrs. Krupa Chetan Kumar Detharia, Mrs. Radhika Amit Kumar Bhalodi, Mrs. Shriya Kumari Shailesh Kumar Makadia, and Mr. Koosh Chetan Kumar Detharia.
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Brief on Hi-Green Carbon Ltd
Hi-Green Carbon Ltd was established in 2011 and engages in the recycling of used tyres. Its production facility, which uses a continuous pyrolysis process, is in Rajasthan. With almost minimal human involvement, the procedure is entirely automated, making it efficient and error-free. The Rajasthani facility can recycle 100 MT of used tyres every day. Another production facility with a comparable capacity is also being planned by Hi-Green Carbon Ltd for the Maharashtra district of Dhule.
Recovered Carbon Black (RCB) and steel wires are under the category of raw materials, and fuel oil and synthetic petrol fall under the category of energy components, respectively. Additionally, raw glass, often referred to as sodium silicate, is produced using the Synthesis Gas. All goods are in compliance with sustainability requirements, and the firm completely complies with good manufacturing practice (GMP).
M/S RNG Fin lease Private Ltd, Amit Kumar Bhalodi, Shailesh Kumar Makadia, Krupa Detharia, Radhika Bhalodi, Shriya Kumari Makadia, and Koosh Detharia all worked together to market the business. The promoter ownership will decrease from 100.00% to 71.83% after the IPO. The proceeds from the new issuance will be utilised to establish a new manufacturing facility in Maharashtra, fill financial shortages for working capital, and for other general company objectives. Beeline Capital Advisors Private Ltd will lead manage the offering, while Link Intime India Private Ltd will serve as the issue’s registrar. Spread X Securities Ltd. is the market maker for the securities.
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How has the GMP panned out in last few days?
GMP often serves as a reliable reflection of the true stock narrative. The GMP trend over time provides clues about which way the wind is blowing more so than the actual price. For the Hi-Green Carbon IPO for which data is available, below is a brief GMP summary:
|Date||Grey Market Price (GMP)|
The GMP trend in the aforementioned situation reveals that the grey market premium first peaked at roughly 20, but has now increased to 60. Naturally, we must wait for the real subscription figures to come in when the issue opens for subscription on September 21, 2023, and we must also monitor the development since that will have a huge influence on the GMP. In the past, stocks that had an IPO oversubscription also experienced a fairly significant improvement in pricing on the grey market. To begin with, Hi-The grey market has seen strong growth for Green Carbon Ltd.
The expected listing price is being suggested by the GMP indicator at about 105 per share on September 15, 2023, if you take into account the higher end of band pricing of Hi-Green Carbon Ltd.‘s IPO at $75 per share. This is dynamic and is always shifting. The subscription update on the stock will be one data point to monitor because it will show the GMP’s trajectory.
The listing premium for Hi-Green Carbon Ltd above the listing price is a healthy 40% based on the GMP of 30 on the top end of the book constructed IPO price of 75. That assumes that Hi-Green Carbon Ltd. will list on October 4th, 2023, with an initial public offering price of about 105 per share. Naturally, they are estimates, so you must maintain a safety buffer. The best indicators of listing status come from regularly monitoring GMP trend. Examine the time series trend rather than the raw data.
Hi-Green Carbon Limited’s IPO GMP (Grey Market Premium) today reflects the strong market interest and potential for this environmentally conscious company. With a focus on sustainable carbon products, Hi-Green Carbon Limited aims to revolutionize the industry by providing innovative solutions that reduce carbon emissions and promote a greener future. The IPO GMP indicates the premium at which shares of the company are being traded in the grey market before their official listing, and it serves as an indicator of investor sentiment and demand for the stock. As sustainability becomes an increasingly important consideration for investors, Hi-Green Carbon Limited’s IPO GMP today highlights the growing interest in companies that prioritize environmental responsibility and offer solutions to address climate change challenges.
Hi-Green Carbon Limited IPO GMP Today FAQ’S
What is GMP of Global Health Limited IPO?
As mentioned, the institutional QIB subscription is a key trigger for the GMP pricing. The GMP of Rs. 20 on a likely upper band pricing of Rs. 336 indicates a listing premium of a healthy 5.95% for Global Health Ltd over the listing price.
How do I sell my IPO in GMP?
An investor submits an application for a specific quantity of shares in an initial public offering. However, the investor desires to sell the shares prior to their allocation. In order to facilitate the sale, they reach out to a dealer in the grey market. The dealer then communicates with potential buyers and provides them with a grey market price (which incorporates the GMP).
What is grey market price for IPO?
Grey market premium is nothing but the price at which the shares are being traded in the grey market. For instance, let's assume the issue price for stock X is Rs 200. If the grey market premium is Rs 400, it means that people are ready to buy the shares of company X for Rs 600; (i.e. 200+400).