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Greenhitech Ventures Limited IPO GMP Review: This IPO, which is going to open from April 12, is a fixed price issue IPO with a total size of 6.30 crore. The company is issuing fresh 12.6 crore shares through this IPO. Investors can apply for this IPO from 12 April to 16 April 2024. You will get to see this IPO listed on BSE, SME Exchange on Monday 22 April. Let’s know the full details of this IPO.
Greenhitech Ventures Limited IPO Details
| IPO Name | Greenhitech Ventures Limited |
| IPO Start Date | 12 April 2024 |
| IPO End Date | 16 April 2024 |
| Price Band | 50 Per Share (FIXED) |
| Lot Size | 3000 Shares |
| Face Value | 10 Rs. Per Share |
| Total Issue Size | 1,260,000 Shares |
| Fresh Issue Shares | 1,260,000 Shares |
| Shares Allotment Date | Thursday, 18 April 2024 |
| Refund Date | Friday, 19 April 2024 |
| Demat Transfer | Friday, 19 April 2024 |
| Listing Date | Monday, 22 April 2024 |
| UPI Cut Off Time | 5 pm, 16 April 2024 |
| Listing Exchange Name | BSE, SME |
Greenhitech Ventures Limited IPO Category Wise Lot Size
| Category | Lots | Shares | Total Amount |
| Retail (Min.) | 1 | 3000 | 150,000 |
| Retail (Max.) | 1 | 3000 | 150,000 |
| HNI (Min.) | 2 | 6000 | 300,000 |
Greenhitech Ventures Limited IPO Company Information
The promoters of this company are Naved Iqbal and Mohammad Nadeem. Incorporated in November 2011, the company trades in petroleum-based products. The company trades in biofuels, bitumen and furnace oils, etc. according to the industry’s aspirations. This company is not a government company, and the main office of the company is located in Jawahar Nagar Colony, Bhelpura, Varanasi.
The money raised from the IPO will be used by the company for working capital and general corporate expenses.
Greenhitech Ventures Limited IPO Company Financial Information
| Period | 31 January 2023 | 31 March 2023 | 31 March 2022 | 31 March 2021 |
| Earnings | 335.67 Lakh | 2,504.35 Lakh | 6,611.58 Lakh | 4,007.69 Lakh |
| Profit After Tax | 35.64 Lakh | 57.23 Lakh | 135.14 Lakh | 24.39 Lakh |
| Net Worth | 456.64 Lakh | 315.45 Lakh | 322.45 Lakh | 140.99 Lakh |
| Assets | 2,677.75 Lakh | 2,708.06 Lakh | 3,188.77 Lakh | 2,378.58 Lakh |
| Loans | 431.71 Lakh | 347.07 Lakh | 150.14 Lakh | 114.60 Lakh |
Greenhitech Ventures Company has a market cap of 23.5 crores. The ROE of this company is 8.17% and ROCE is 17.19%.
Greenhitech Ventures Limited IPO Peer Comparison
There are no listed firms in India that are engaged in the business of ethanol manufacture as job workers and Trading of Biofuels. As a result, it is not possible to compare the industry’s accounting ratios to Greenhitech Ventures Limited.
Greenhitech Ventures Limited IPO Objective
The main objective of Greenhitech Ventures is to meet the needs for working capital.
- To Meet Working Capital Requirements: The company intends to use INR 4.50 crores from the Net Proceeds of the Issue to cover its working capital requirements, augmenting the remaining with borrowings as needed to fit with the shifting needs of the business.
- General Corporate Purposes: The balance fund of 85 lakhs would be used for general corporate aims, such as business growth. Also, in accordance with Board principles, the remaining Net Proceeds will be allocated flexibly to address diverse operational demands and unforeseen issues.
Greenhitech Ventures Limited IPO Risks and Challenges
Greenhitech Ventures’ risks include disruptions in biofuel supply, expansion hampered by shortages, and price increases that affect financials. The shift to ethanol manufacturing changes the focus, historical statistics may not forecast the future, and compliance difficulties arise after incorporation.
- Supplier failures in biofuel supply disturb their systems, affecting order fulfillment and quality. Shortages or disruptions caused by natural or other factors hinder progress. Supplier price increases harm their financials and operations.
- The corporation has moved its concentration from biodiesel trade to ethanol production. Agreements with significant entities demonstrate this transition. Because of such diversity, previous financial data may not reliably predict future estimates.
- Recent incorporation raises compliance concerns under the Companies Act. Delays may occur due to pending loan transfers from NBFCs/Banks and registration changes with statutory departments. Noncompliance may result in sanctions, which have an influence on financial, operational, and reputational outcomes.
Greenhitech Ventures Limited IPO – Industry & Market Potential
India’s energy demand is expected to double by 2040, resulting in significant increased petroleum consumption. It is Asia’s second-largest oil refinery, with private enterprises holding 35% of the capacity. LNG imports and natural gas use are expected to climb dramatically.
Rapid economic expansion boosts oil demand for manufacturing and transportation. India’s crude oil consumption is expected to double by 2040. Diesel and petrol make for the majority of oil demand, and natural gas usage is also expected to expand significantly.
The demand for ethanol is increasing as people’s lifestyles and fuel needs change. Government policies favor combining ethanol with petrol. COVID-19’s impact increases demand for hand sanitizer. India’s ethanol market is divided into three segments: source, purity, and application, with South India driving expansion. Major players emphasize innovation and expansion.
Greenhitech Ventures Limited IPO Allotment Structure
Greenhitech Ventures Limited’s IPO allotment structure includes a category for Retail Individual Investors (RII) with investments below ₹2 lakhs, another category for investors over ₹2 lakhs, and a reservation of 66,000 shares for Market Makers.
- Retail Individual Investors (RII): These individual investors apply for shares worth less than Rs. 2 lakhs.
- Other than retail individual investors: Such applications who’s worth exceeds INR 2 lakhs.
- Market Makers Reservation: Market makers are allocated a specific percentage or number of shares. The corporation has reserved 12,60,000 shares for this purpose.
Greenhitech Ventures Limited IPO GMP
| IPO OPEN TO CLOSE DATE | IPO PRICE | LATEST GMP | ESTIMATED LISTING GAIN |
| 12 April to 16 April 2024 | 50 | 15 | 65 (30%) |
View Live GMP of All IPOs – Live GMP
Is Greenhitech Ventures Limited IPO Good to Invest or Not?
The GMP of this IPO is currently trading in the grey market at less than 50%. The financial condition of the company is good and the company is also making profits. After the IPO opens, how is its demand going to be and whether there will be any increase in its GMP or not, on the basis of that, investment in this IPO can be considered. If this IPO gets manifold subscription, then you should think about investing in this IPO.
Note: The information associated with the IPO is for educational purposes only. Consider with your financial advisor before investing in an IPO.
