← IPO Calendar

Hi-Green Carbon IPO IPO

SME21 Sep 202325 Sep 2023
Open
21 Sep 2023
Close
25 Sep 2023
3
Allotment
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

28-09-202335Est. ₹110+46.67%
27-09-202335Est. ₹110+46.67%
26-09-202345Est. ₹120+60%

Live Subscription

CategorySubscription (times)
Total116.59x

Restated Financials (₹ Cr.)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets43.8834.2433.11
Total Income79.0451.1424.29
Profit After Tax10.853.680.10
NET Worth22.5911.748.06
Reserves and Surplus3.59-7.26-10.94
Total Borrowing13.6215.8717.83
Amount in ₹ Crore

Peer Comparison

CompanyIssue TypeIssue SizeIssue PricePE RatioListing Day CloseListing Gain/Loss %LTP
Organic Recycling Systems Ltd.SME₹50.00 Cr₹20025.54₹225.75+12.88%₹230.65 (+0.33%)
Urban Enviro Waste Management Ltd.SME₹11.42 Cr₹10030.49₹148.05+48.05%₹129.55 (-3.32%)
EMS Ltd.Mainboard₹321.25 Cr₹211null₹279.90+32.65%₹433.00 (-1.83%)

Objects of the Issue

#Issue ObjectsEst Amt (₹ Cr.)
1Setting up of new Manufacturing Unit at Maharashtra17.83
2To Meet Working Capital Requirements16.54
3General Corporate Purpose6.73

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