Big News Greenhitech Ventures IPO Opens on 12th April,Know All Key Point

Greenhitech Ventures IPO: aiming to raise Rs 6.30 crores by offering 12.6 lakh fresh shares at a fixed price of Rs 50 per share. The subscription window for the IPO will open on April 12, 2024, and close on April 16, 2024.

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Greenhitech Ventures IPO Dates and Details
Greenhitech Ventures IPO

Greenhitech Ventures IPO, Details, GMP, Subscription Status

Greenhitech Ventures is gearing up for its IPO, aiming to raise Rs 6.30 crores by offering 12.6 lakh fresh shares at a fixed price of Rs 50 per share. The subscription window for the IPO will open on April 12, 2024, and close on April 16, 2024. Allotment of shares is anticipated to be finalized by April 18, 2024, with the company scheduled to list on BSE SME on April 22, 2024.

The IPO requires a minimum lot size of 3000 shares, translating to a minimum investment of Rs 150,000 for retail investors and Rs 300,000 for HNIs (2 lots, equivalent to 6000 shares). Greenhitech Ventures operates in the petroleum products trading sector, catering to various industries’ needs, including biofuels, bitumen, and furnace oils. Additionally, it provides Operation & Maintenance services for government-owned distilleries involved in ethanol production.

In terms of financial performance, the company reported a revenue of Rs 25.04 crore in 2023, down from Rs 66.12 crore in 2022. Despite this decline, Greenhitech Ventures remains optimistic about its prospects, aiming for growth and expansion through its IPO.

Greenhitech Ventures IPO Details

Parameter Details
Issue Size Rs 6.30 crores
Number of Shares 12.6 lakh
IPO Price Band Rs 50 per Equity Share
Subscription Dates April 12, 2024 – April 16, 2024
Allotment Date April 18, 2024
Listing Date April 22, 2024 (Expected)
Minimum Lot Size 3000 Shares
Retail Investor Min. Investment Rs 150,000
HNI Min. Investment Rs 300,000 (2 lots, equivalent to 6000 shares)
Sector Petroleum Products Trading
Business Activities Trading of petroleum-based products, Operation & Maintenance for Ethanol manufacturing
Listing Exchange BSE SME

Greenhitech Ventures IPO Dates

  • Greenhitech Ventures IPO opens on Friday, April 12, 2024, and closes on 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 Financial Details

 
Financial Year Ended FY 2024 FY 2023 FY 2022 FY 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 (PAT) 35.64 57.23 135.14 24.39
Net Worth 456.64 315.45 322.45 140.99
Reserves and Surplus – – – 112.63
Total Borrowing 431.71 347.07 150.14 114.60

Greenhitech Ventures IPO GMP (Gray Market Premium) Day By Day

Greenhitech Ventures IPO GMP (Gray Market Premium) today is Rs.₹20 ( Visit again in ipogmptoday.in we will update daily)

 
Date GMP (Gray Market Premium) IPO Price Estimated Listing Price Status
12/04/2024 Rs 15 Rs 50 Rs 65 Updated
13/04/2024 Rs 20 Rs 50 Rs 70 Updated
14/04/2024

15/04/2024

Rs 20

Rs 20

Rs 50

Rs 50

Rs 70

Rs 70

 

Updated on 12:40

 

Greenhitech Ventures Ltd. IPO Subscription Status (Daily Update)

Greenhitech Venture Ltd subscribed 15.83 times. Last Updated 14/04/2023

Investor Category Subscription
QIB Update Soon
NII Update Soon
sNII Update Soon
bNII Update Soon
Retail 60.95
RII Update Soon
Employee (EMP) Update Soon
Others 14.96
Total 37.96

Qualified Institutional Buyers (QIB): Includes Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI. Typically represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.

Non-Institutional Investors (NII): Includes Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc., bidding for shares worth more than Rs 2 lakhs.
NII Divided into subcategories:
i) sNII (Small NII): Bidding between Rs 2 lakhs to Rs 10 lakhs, with 1/3 of NII category shares reserved for this subcategory (also known as Small HNI).

ii) bNII (Big NII): Bidding above Rs 10 Lakhs, with 2/3 of NII category shares reserved for this subcategory (also known as Big HNI).

Retail Individual Investors (RII): Includes retail individual investors and NRIs applying up to Rs 2 lakhs in an IPO.
Employee (EMP): A category of eligible employees with a reserved quota in the IPO.
Others: A category of eligible shareholders or other investors with a reserved quota in the IPO.

Greenhitech Ventures Limited Contact

Address: Greenhitech Ventures Limited
B27/92 K1 Jawahar Nagar Colony
Bhelupura
Varanasi- 221010
Phone: +91-9336875025
Email: info@greenhitech.org Website: https://www.greenhitech.org/

Greenhitech Ventures Limited IPO Registrar Details

Registrar: Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php

Some FAQs for Greenhitech Ventures IPO

Q. What is the issue size of Greenhitech Ventures Limited’s IPO?
A. The issue size of Greenhitech Ventures IPO is Rs 6.30 crores.

How many shares are offered in the Greenhitech Ventures Limited IPO?
A. Greenhitech Ventures is offering 12.6 lakh fresh shares.

Q. What is the IPO price band for Greenhitech Ventures?
A. The IPO price band for Greenhitech Ventures is Rs 50 per Equity Share.

Q. When is the subscription period for Greenhitech Ventures Limited’s IPO?
A. The subscription window for Greenhitech Ventures IPO is from April 12, 2024, to April 16, 2024.

Q. When will the allotment of Greenhitech Ventures Limited IPO shares be finalized?
. The allotment of shares for Greenhitech Ventures IPO is expected to be finalized by April 18, 2024.

Q. When is the listing date for Greenhitech Ventures Limited’s IPO?
A. Greenhitech Ventures IPO is expected to list on BSE SME on April 22, 2024.

Q. What is the minimum lot size for Greenhitech Ventures IPO?
A. The minimum lot size for Greenhitech Ventures IPO is 3000 Shares.

Q. What is the minimum investment required for retail investors in Greenhitech Ventures IPO?
A. Retail investors need to invest a minimum of Rs 150,000 in Greenhitech Ventures IPO.

Q. What is the minimum investment required for HNIs in Greenhitech Ventures IPO?
A. HNIs are required to invest a minimum of Rs 300,000, equivalent to 2 lots (6000 shares), in Greenhitech Ventures IPO.

Q. What are the business activities of Greenhitech Ventures?
â—¦ Greenhitech Ventures is engaged in trading petroleum-based products and providing Operation & Maintenance services for ethanol manufacturing.

Q. What are the financial details of Greenhitech Ventures for FY 2021 to FY 2024?
â—¦ Please refer to the table provided above for the financial details of Greenhitech Ventures for FY 2021 to FY 2024.

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