Greenhitech Ventures IPO Details Today, GMP Price, Date, Review

Greenhitech Ventures IPO Subscription Status, Rate

Greenhitech Ventures IPO Details Today : Greenhitech Ventures IPO is Open on 12 April 2024 and Close on 16 April 2024. Greenhitech Ventures IPO to Raise Approx ₹1,260,000 shares (Approx ₹6.30 Cr) via IPO. The Fresh Issue of Approx ₹1,260,000 shares (Approx ₹6.30 Cr). 

 

Greenhitech Ventures IPO is an SME IPO and Listed on BSE SME. Greenhitech Ventures Price Band is Fixed at ₹50 per ₹10 Equity Share. Greenhitech Ventures IPO Lot Size is 3000 Shares.

 

Our company is engaged in trading of various petroleum-based products for the different categories of industries based on their requirement. This includes supply of biofuels, bitumen, light density oils, furnace oils etc. Our company is also engaged in Operation & Maintenance as Job worker for Ethanol manufacturing in Government owned distilleries. We understand the market needs and upgrade our team constantly with growing technology and market trends. We provide business solutions and services to consumers of Fuels and other alternative materials across India.

Greenhitech Ventures IPO Date & Price Band Details

IPO Open Date April 12, 2024
IPO Close Date April 16, 2024
IPO Size 1,260,000 shares (Approx ₹6.30 Cr)
Fresh Issue 1,260,000 shares (Approx ₹6.30 Cr)
Lot Size 3000 Shares
IPO Face Value ₹10 Per Equity Share"
IPO Price Band ₹50 Per Every Share
IPO Listing On BSE SME
IPO Retail Quota 50%
IPO QIB Quota -%
IPO NII Quota 50%
DRHP Draft Click Here
Anchor Investor Click Here

Greenhitech Ventures IPO Market Lot Details

Application Lot Size Shares Amount
Retail Minimum 1 3000 ₹150,000
Retail Maximum 1 3000 ₹150,000
S-HNI Minimum 2 6000 ₹300,000

 

Object of the Issue

  1.  To Meet Working Capital Requirement.
  2.  General Corporate Purpose.
  3.  To Meet the Issue Expenses.

Greenhitech Ventures IPO Allotment & Listing Date (Details)

IPO Open Date 12 April 2024
IPO Close Date 16 April 2024
Basis of Allotment 18 April 2024
Refunds 19 April 2024
Credit to Demat Account 19 April 2024
IPO Listing Date 22 April 2024

Greenhitech Ventures Financial Reports

₹ in Crores
Year Revenue Expense PAT
Jan 2024 ₹3.36 ₹2.88 ₹0.36
2024 ₹25.04 ₹24.07 ₹0.57
2022 ₹66.12 ₹63.83 ₹1.35
2021 ₹40.08 ₹39.67 ₹0.24

 

Our Company Promoters-

  • Mr. Naved Iqbal
  • Mr. Mohammad Nadeem

Greenhitech Ventures Lead Manager

  • Beeline Capital Advisors Private Limited

 

Greenhitech Ventures Company Contact Details

B27/92 K1 Jawahar Nagar Colony,
Bhelupura Varanasi-221010, Uttar Pradesh, India
Tel. No.: +91 9336875025
E-mail: info@greenhitech.org
Website: www.greenhitech.org

Greenhitech Ventures IPO Registar

SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153A, 1st Floor, Okhla Industrial Area
Phase-I, New Delhi – 110020, India
Tel. No.: 011-40450193-197
Email: ipo@skylinerta.com
Website: www.skylinerta.com
Investor Grievance Email: grievances@skylinerta.com
Contact Person: Mr. Anuj Kumar

 

Risk Factor-

  • Some events may have material impact quantitatively.
  • Some events may have material impact qualitatively instead of quantitatively.
  • Some events may not be material individually but may be found material collectively.
  • Some events may not be material at present but may be having material impact in future.

 

Company Strength-

  • Existing client relationship
  • Experienced Promoter and Management Expertise
  • Scalable Business Model
  • Timely fulfilment of orders
  • Eco- friendly products
  • Quality Assurance and Standards

 

Company Strategies 

  • Develop cordial relationship with our Suppliers, Customers and employees.
  • Improving operational efficiencies.
  • Optimal Utilization of Resources.
  • To Build-Up a Professional Organization.
  • Leveraging our Marketing skills and Relationships.

 

About Greenhitech Ventures-

Driven by experience in agriculture, innovation and investment in Research & Development, as bio fuel is substitute for the traditional fossil fuels and with the indiscriminate exploitation of all fossil fuels. We started with an aim “Effective, Efficient and Economical” the 3 E’s form the base of our commitment be it any segment of services or supply that we provide. The company have compiled an extensive list of customers/potential customers and vendors. Our Company is a well-known itself in Purvanchal belt of Uttar Pradesh, India for supply of bio-diesel.

 

In Addition, the Ministry of Petroleum and Natural Gas vide its notification dated August 10, 2015 permit the sale of bio-diesel (B-100) for blending with high speed diesel to bulk consumers, in accordance with the standards specified by Bureau of Indian Standards. We believe in qualitative products matching the customer requirements, timely deliverables and cost efficiency and have thereby developed a long-continuing relationship with our customers. With the experience of our Promoter, technological drive, continuous research, supplier tie-ups, customer relationships, government support and industry demand for bio-fuel our company is one of key player for supplying of biofuels.

We are among one of very few players eligible for Operation and Maintenance of ethanol production in Government managed distilleries. We are capable of running an ethanol distillation in units which run on fuel mode of both ethanol plus grain based raw material. Our Promoter and key managerial personnel have been instrumental in the growth of our business and actively advise us on corporate strategy and planning.

 

We have a strong management team with significant industry experience. Our Managing Director, Mr. Naved Iqbal and Whole Time Directors, Mr. Mohammad Nadeem, have 12 and 08 years of experience in recycling and green energy business, thus vast experience of the Directors have been instrumental in determining the vision and growth strategies for our Company. We further believe that our market position has been achieved by adherence to the vision of our Promoter and senior management team and their experience of over a decade in the industry in which our Company operates.

 

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