Table of Contents
Overview: Greenhitech Ventures Limited IPO
| Aspect | Description |
|---|---|
| IPO | Greenhitech Ventures Limited IPO |
| Established | November, 2011 |
| Business | Petroleum Products Trading |
| Product | Biofuels, Bitumen, Light Density Oils, Furnace Oils |
| Services | Operation & maintenance of ethanol manufacturing in government-owned distilleries |
| Target Market | Consumers of fuels and alternative materials across India |
| Region | Purvanchal belt of Uttar Pradesh, India |
| Headquarters | Jawahar Nagar Colony, Bhelupura, Varanasi |
| Mission | “Effective, Efficient and Economical” (3Es) |
| Employee Count (as of Jan 31, 2024) | 68 (including KMPs) |
The objective of the Issue.
Greenhitech Ventures Limited Company will use the funds to meet working capital requirements, and the second objective is for general corporate expenses.
1. Working Capital Requirement
2. General Corporate Expenses
Greenhitech Ventures Ltd IPO Important Dates
| IPO Open Date | 12th of April, 2024 (Friday) |
| IPO Close Date | 16th of April, 2024 (Tuesday) |
| Basis of Allotment | 18th of April, 2024 (Thursday) |
| Initiation of Refunds | 19th of April, 2024 (Friday) |
| Credit of Shares to Demat | 19th of April, 2024 (Friday) |
| Listing Date | 22th of April, 2024 (Monday) |
Greenhitech Ventures Ltd IPO Price Band Details
- The face value of each share is ₹10.
- Investors can bid ₹50 (Fixed price issue).
- The minimum number of shares you can apply for is one lot of 3000 shares.
- The minimum amount required for investment is ₹1,50,000 per lot.
- The total number of shares offered is 1,260,000 shares, amounting to ₹6.30 crore.
- The shares will be listed on the BSE, SME Exchange.
| Face Value | ₹10 |
| Price | ₹50 per share |
| Issue Type | Fixed Price Issue IPO |
| Lot Size | 3000 Shares |
| Minimum Investment | ₹1,50,000 |
| Listing At | BSE and SME |
IPO Investment Calculator
| Number of Lots | IPO Issue Price (₹) | Lot Size | Total Capital Required (₹) |
|---|---|---|---|
| ₹50 | 3000 |
Greenhitech Ventures Ltd IPO Financial Details
| Date | Assets | Revenue | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing431.71 |
|---|---|---|---|---|---|---|
| 31-Jan-2024 | 2677.75 | 335.67 | 35.64 | 456.64 | 112.64 | 413.71 |
| 31-Mar-2023 | 2708.06 | 3504.35 | 57.23 | 315.45 | – | 347.07 |
| 31-Mar-2022 | 3188.77 | 6611.58 | 135.14 | 322.45 | – | 150.14 |
| 31-Mar-2021 | 2378.58 | 4007.69 | 24.36 | 140.99 | – | 114.60 |
- Assets: Greenhitech Ventures Limited company’s total assets have fluctuated over the past few years. They increased from ₹2,378.58 lakh in March 2021 to ₹3,188.77 lakh in March 2022 and then decreased to ₹2,708.06 lakh in March 2023. As of January 31, 2024, the company’s total assets were ₹2,677.75 lakh.
- Revenue: The company’s revenue has also fluctuated over the past few years. It reached its highest point in March 2022 at ₹6,611.58 lakh and its lowest point in March 2021 at ₹4,007.69 lakh. Revenue in March 2023 was ₹2,504.35 lakh and ₹335.67 lakh as of January 31, 2024.
- Profit After Tax: The company’s profit after tax has also fluctuated over the past few years. It reached its highest point in March 2022 at ₹135.14 lakh and its lowest point in March 2021 at ₹24.39 lakh. Profit after tax in March 2023 was ₹57.23 lakh and ₹35.64 lakh as of January 31, 2024.
- Net Worth: The company’s net worth has increased over the past few years. It increased from ₹140.99 lakh in March 2021 to ₹322.45 lakh in March 2022. It then decreased slightly to ₹315.45 lakh in March 2023. As of January 31, 2024, the company’s net worth was ₹456.64 lakh.
- Total Borrowing: The company’s total borrowing has increased over the past few years. It increased from ₹114.60 lakh in March 2021 to ₹150.14 lakh in March 2022. It then increased again to ₹347.07 lakh in March 2023. As of January 31, 2024, the company’s total borrowing was ₹431.71 lakh.
GVL GMP and Estimated Listing Price
| Date | IPO Price (₹) | GMP Price (₹) | Estimated Listing Price (₹) |
|---|---|---|---|
| 08.04.2024 | 50 | 8 | 58 |
| 09.04.2024 | 50 | 8 | 58 |
| 10.04.2024 | 50 | 0 | 50 |
As per the grey market, in the current market, Greenhitech Ventures Ltd’s lowest GMP (grey market price) is not updated on any website, while its highest GMP is ₹8 as of 10th of April, 2024, Companies listing IPO fixed price issue at ₹50, and investors expect listing at ₹58, which is an estimated listing of 16% gain.
For more information check the company website: Greenhitech Ventures Limited Company
DISCLAIMER: None of the financial information published herein should be construed as an offer to buy or sell securities or as advice in any way. All information published herein is for educational and informational purposes only and should not be relied upon as a basis for investment decisions under any circumstances. Any reader who makes decisions based on the information published herein does so solely at his or her own risk. Investors should be aware that any investment in equity markets is subject to unpredictable market-related risks.
FAQs
What is the issue size of the Greenhitech Ventures Limited IPO?
The issue size is ₹6.30 Crore.
What is the Greenhitech Ventures Ltd IPO price per share and the Lot size of the IPO?
The issue price is set at ₹50 per equity share and The minimum lot size is 3000 shares.
What are the Greenhitech Ventures Ltd IPO dates?
The bidding period for the IPO is from April 12, 2024, to April 16, 2024. Listing on 22nd April, 2024
