Greenhitech Ventures Limited IPO is set to launch on 12 April, 2024. The company initiated its business operations in the year 2011. The company trades into petroleum products. Its product portfolio includes bitumen, biofuels and furnace oils. It is also engaged in manufacturing ethanol for government owned distilleries. The main office of the company is located in Varanasi. It has an employee base of 68 people. The company has a strong base in the Purvanchal belt of Uttar Pradesh.
Greenhitech Ventures Limited IPO DETAILS
Greenhitech Ventures Limited IPO is set to launch on 12 April, 2024. The subscription timeline extends till 16 April, 2024. The size for the IPO is 6.30 Crore Rs. Shares issued through fresh issue mode are worth Rs 6.30 Crore. No shares are issued through offer for sale mode. The lot size is 3000 shares and the price is 50 Rs. The company is going to get listed on BSE SME. The face value per share is Rs.10 and this is a Fixed Price Issue. The registrar for the company is Skyline Financial Services Private Limited.
Tabular Description of Greenhitech Ventures Limited IPO
| IPO OPENING DATE | 12 April, 2024 |
| CLOSING DATE FOR IPO | 16 April, 2024 |
| ISSUE TYPE | Fixed Price Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 50 Rs per share |
| LOT SIZE | 3000 shares |
| MINIMUM ORDER QUANTITY | 3000 shares |
| ISSUE SIZE | 6.30 Crore Rs. |
| OFFER FOR SALE | No shares are issued through offer for sale mode |
| FRESH ISSUE | 6.30 Crore Rs. |
| LISTING AT | BSE SME |
| LISTING DATE | 22 April, 2023 |
Greenhitech Ventures Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 12 April, 2024 |
| CLOSING DATE FOR IPO | 16 April, 2024 |
| IPO ALLOTMENT DATE | 18 April, 2024 |
| REFUNDS | 19 April, 2024 |
| DEMAT A/C CREDITED ON | 19 April, 2024 |
| IPO LISTING DATE | 22 April, 2024 |
Greenhitech Ventures Limited IPO begins for subscription from 12 April, 2024. The IPO subscription would continue till 16 April, 2024. The allotment status for the shareholders who applied would come on 18 April, 2024. The refunds for the ones who did not get allotment would be initiated on 19 April, 2024. The DEMAT accounts of shareholders would be credited on 19 April, 2024. The listing of the company would be completed on 22 April, 2024.
Greenhitech Ventures Limited IPO : Lead Managers
The lead managers are :
- Beeline Capital Advisors Private Limited
The minimum lot size for the company is decided at 3000 shares. This holding accounts to 150000 Rs.. The maximum lot size is decided at 6000 shares (HNI). This amounts to 300000 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 3000 shares | 150000 Rs. |
| Maximum | 6000 shares | 300000 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2020-21 | 2021-22 | 2022-23 |
| Asset | 2378 | 3188 | 2708 |
| Revenue | 4007 | 6611 | 2504 |
| PAT | 24 | 135 | 57 |
Greenhitech Ventures Limited had an asset base of 2378 Lakh Rs in 2021 which increased to 3188 Lakh rs in 2022. The asset base of the company decreased in the year 2023 to 2708 lakh Rs. The revenue of the company was at 4007 Lakh Rs in 2021. This increased to 6611 Lakh Rs in the year 2022. However in the year 2023 the revenue of the company decreased to 2504 Lakh Rs. This is a decrease of more than 4000 Lakh Rs in revenue. The effect of the asset base decrease and revenue decrease is seen directly into the profit of the company.
In the year 2023 the firm registered a profit of 57 Lakh Rs. This was 24 Lakh Rs in 2021. Also the profit of the firm was at 135 Lakh Rs in the year 2022. Hence an overall decrease has been noticed in the year 2023 for all the financial components in the company.
PROS
- Its product portfolio includes bitumen, biofuels and furnace oils. It is also engaged in manufacturing ethanol for government owned distilleries.
- The main office of the company is located in Varanasi. It has an employee base of 68 people.
- The company has a strong base in the Purvanchal belt of Uttar Pradesh.
Greenhitech Ventures Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Greenhitech Ventures Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
