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Greenhitech Ventures Limited IPO
Greenhitech Ventures Ltd. (GVL) is involved in the 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. It understands the market needs and upgrade its team constantly with growing technology and market trends. Greenhitech Ventures IPO is a fixed price issue of Rs 6.30 crores. The issue is entirely a fresh issue of 12.6 lakh shares. Greenhitech Ventures IPO price is ₹50 per share. The minimum lot size for an application is 3000 Shares. Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Greenhitech Ventures IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Greenhitech Ventures IPO is Spread X Securities.
Greenhitech Ventures Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | April 12, 2024 to April 16, 2024 |
| Listing Date | April 22, 2024 |
| Face Value | ₹10 per share |
| Price | ₹50 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 1,260,000 shares (aggregating up to ₹6.30 Cr) |
| Fresh Issue | 1,260,000 shares (aggregating up to ₹6.30 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 3,440,000 |
| Share holding post issue | 4,700,000 |
| Market Maker portion | 66,000 shares Spread X Securities |
Greenhitech Ventures Limited IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| IPO Open Date | Friday, April 12, 2024 |
| IPO Close Date | Tuesday, April 16, 2024 |
| Basis of Allotment | Thursday, April 18, 2024 |
| Initiation of Refunds | Friday, April 19, 2024 |
| Credit of Shares to Demat | Friday, April 19, 2024 |
| Listing Date | Monday, April 22, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 16, 2024 |
Greenhitech Ventures Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹150,000 |
| Retail (Max) | 1 | 3000 | ₹150,000 |
| HNI (Min) | 2 | 6,000 | ₹300,000 |
Greenhitech Ventures Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 66,000 (5.24%) |
| QIB Shares Offered | 597,000 (47.38%) |
| Retail Shares Offered | 597,000 (47.38%) |
| Total Shares Offered | 1,260,000 (100%) |
Greenhitech Ventures Limited IPO Promoter Holding
| Shareholding Pre Issue | 100.00% |
| Shareholding Post Issue | 73.19% |
Company & Financials
Greenhitech ventures limited(GVL) was incorporated in november 2011 and it provides solutions to consumers of Fuels and other alternative materials across India. The company is engaged in Operation & Maintenance as Job worker for Ethanol manufacturing in Government owned distilleries. Company is not having its owned manufacturing unit. It approaches the tenders of Government owned distilleries. GVL is among one of very few players eligible for Operation and Maintenance of ethanol production in Government managed distilleries. It is capable of running an ethanol distillation in units which run on fuel mode of both ethanol plus grain based raw material. The company marked inconsistency in its top and bottom lines for the reported periods. It posted lower top and bottom lines for FY24 so far and based on that the issue appears exorbitantly priced.
Greenhitech Ventures Limited Financial Information
| Period Ended | 31 Jan 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
| Assets | 2,677.75 | 2,708.06 | 3,188.77 | 2,378.58 | ||||||||||||||||||||||||||||||||||||
| Revenue | 335.67 | 2,504.35 | 6,611.58 | 4,007.69 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 35.64 | 57.23 | 135.14 | 24.39 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 456.64 | 315.45 | 322.45 | 140.99 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 112.64 | |||||||||||||||||||||||||||||||||||||||
| Total Borrowing | 431.71 | 347.07 | 150.14 | 114.60 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 8.17% |
| ROCE | 17.19% |
| Debt/Equity | 0.95 |
| RoNW | 7.80% |
| P/BV | 3.77 |
| PAT Margin (%) | 10.62 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1.66 | 0.91 |
| P/E (x) | 30.05 | 54.95 |
Objectives of Greenhitech Ventures Limited IPO
Objectives of the issue are as follows:-
- 1. To Meet Working Capital Requirement
- 2. General Corporate Expenses
Greenhitech Ventures Limited IPO review
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. There is no harm in skipping this pricey bet.
FAQs for Greenhitech Ventures Limited IPO
-
Why Greenhitech Ventures Limited IPO?
The initial public offer (IPO) of Greenhitech Ventures Limited offers an early investment opportunity in Greenhitech Ventures Limited. A stock market investor can buy Greenhitech Ventures IPO shares by applying in IPO before Greenhitech Ventures Limited shares get listed at the stock exchanges. An investor could invest in Greenhitech Ventures IPO for short term listing gain or a long term.
-
2. Greenhitech Ventures IPO what should investors do?
Greenhitech Ventures IPO offers an opportunity to buy IPO shares before they get listed at the stock exchanges.
-
When will Greenhitech Ventures IPO allotment status?
The Greenhitech Ventures IPO allotment status will be available on or around April 18, 2024. The allotted shares will be credited in demat account by April 19, 2024.
-
When will Greenhitech Ventures IPO list?
The Greenhitech Ventures IPO will list on Monday, April 22, 2024, at BSE SME.
Greenhitech Ventures Limited IPO Subscription Status
Category
Subscription (times)
Other
921.60
Retail
597.41
Total
769.95
RHP:
https://www.bseindia.com/corporates/download /329643/Draft%20Prospectus%20-% 20Greenhitech%20Ventures%20Limited %20dated%20November%2007,% 202023_20231109162733.pdf
-
Why Greenhitech Ventures Limited IPO?
The initial public offer (IPO) of Greenhitech Ventures Limited offers an early investment opportunity in Greenhitech Ventures Limited. A stock market investor can buy Greenhitech Ventures IPO shares by applying in IPO before Greenhitech Ventures Limited shares get listed at the stock exchanges. An investor could invest in Greenhitech Ventures IPO for short term listing gain or a long term.
-
2. Greenhitech Ventures IPO what should investors do?
Greenhitech Ventures IPO offers an opportunity to buy IPO shares before they get listed at the stock exchanges.
-
When will Greenhitech Ventures IPO allotment status?
The Greenhitech Ventures IPO allotment status will be available on or around April 18, 2024. The allotted shares will be credited in demat account by April 19, 2024.
-
When will Greenhitech Ventures IPO list?
The Greenhitech Ventures IPO will list on Monday, April 22, 2024, at BSE SME.
Greenhitech Ventures Limited IPO Subscription Status
| Category | Subscription (times) |
|---|---|
| Other | 921.60 |
| Retail | 597.41 |
| Total | 769.95 |
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