
✓
Open
21 Sep 2023
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Close
25 Sep 2023
3
Allotment
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Listing
Thu, Sep 28, 2023
Price Band
₹71 to ₹75
Issue Size
70,40,000 shares (agg. up to ₹53 Cr)
Lot Size
1,600 Shares
Listing Date
Thu, Sep 28, 2023
Latest GMP
₹35
Est. Gain
46.67%
✦ AI Insight
GMP Trend
28-09-2023₹35Est. ₹110+46.67%
27-09-2023₹35Est. ₹110+46.67%
26-09-2023₹45Est. ₹120+60%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 116.59x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 43.88 | 34.24 | 33.11 |
| Total Income | 79.04 | 51.14 | 24.29 |
| Profit After Tax | 10.85 | 3.68 | 0.10 |
| NET Worth | 22.59 | 11.74 | 8.06 |
| Reserves and Surplus | 3.59 | -7.26 | -10.94 |
| Total Borrowing | 13.62 | 15.87 | 17.83 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Organic Recycling Systems Ltd. | SME | ₹50.00 Cr | ₹200 | 25.54 | ₹225.75 | +12.88% | ₹230.65 (+0.33%) |
| Urban Enviro Waste Management Ltd. | SME | ₹11.42 Cr | ₹100 | 30.49 | ₹148.05 | +48.05% | ₹129.55 (-3.32%) |
| EMS Ltd. | Mainboard | ₹321.25 Cr | ₹211 | null | ₹279.90 | +32.65% | ₹433.00 (-1.83%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up of new Manufacturing Unit at Maharashtra | 17.83 |
| 2 | To Meet Working Capital Requirements | 16.54 |
| 3 | General Corporate Purpose | 6.73 |
About Hi-Green Carbon IPO
Incorporated in 2011, Hi-Green Carbon Limited, previously known as Shantol Green Hydrocarbons (India), is engaged in the business of waste tyres recycling. Hi-Green Carbon's manufacturing plant is located in Rajasthan. The plant operates on a continuous pyrolysis process. It is an uninterrupted working method with a continuous feeding and discharging system controlled by the program logic controller system. It is a fully automatic process and requires almost no human intervention. The plant is installed with a capacity of recycling 100 MT waste tyres per day. The company's product portfolio includes Recovered Carbon Black (rCB) and Steel Wires under the Raw Material Category, Fuel Oil and Synthesis Gas under the Energy components category. Synthesis Gas is further used in manufacturing sodium silicate commonly known as raw glass. The company is planning to construct a new manufacturing plant in the Dhule district of Maharashtra, with a capacity of recycling 100 MT waste tyres per day, spanning across 21,500 sq. meters. Hi-Green Carbon has been certified with Environmental Management Measures with ISO 14001:2015, Occupational Health & Safety Management standards with ISO 45001:2018,
Contact Details
Hi-Green Carbon Ltd. AddressG-557, Lodhika Industrial EstateMetoda G.I.D.C.Gate No.3Metoda, LodhikaRajkot, Gujarat, 360021+91 92275 74010compliance@higreencarbon.comVisit Website