Established in 2011, Hi-Green Carbon Limited, formerly known as Shantol Green Hydrocarbons (India), specializes in the environmentally responsible business of recycling waste tyres.
The company’s advanced manufacturing facility, situated in Rajasthan, employs a continuous pyrolysis process characterized by uninterrupted operations, featuring continuous feeding and discharging systems meticulously controlled by a program logic controller system. This highly automated and program-driven process minimizes the need for extensive human intervention. The plant boasts a robust recycling capacity, capable of efficiently processing up to 100 metric tons of waste tyres per day.
Hi-Green Carbon’s diverse product portfolio includes two primary categories:
- Raw Material Category: This comprises Recovered Carbon Black (rCB) and Steel Wires.
- Energy Components Category: Under this category, the company offers Fuel Oil and Synthesis Gas, with the latter playing a crucial role in the production of sodium silicate, a fundamental raw material used in glass manufacturing.
In line with its growth strategy, Hi-Green Carbon is in the process of establishing a new state-of-the-art manufacturing facility in the Dhule district of Maharashtra.
Hi-Green Carbon has demonstrated its commitment to environmental sustainability and safety by obtaining certifications in Environmental Management (ISO 14001:2015), Occupational Health & Safety Management (ISO 45001:2018), Quality Management (ISO 9001:2015), Good Manufacturing Practice (GMP), and RoHS compliance.
Hi-Green Carbon IPO Details #
Hi-Green Carbon IPO is a Book Built Issue. The IPO total issue size is Rs 52.80 Cr. The Hi-Green Carbon IPO price is ₹71 to ₹75 per share. The IPO will list on NSE SME.
| IPO Date | September 21, 2023 to September 25, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹71 to ₹75 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 7,040,000 shares (aggregating up to ₹52.80 Cr) |
| Fresh Issue | 5,990,000 shares (aggregating up to ₹[.] Cr) |
| Offer for Sale | 1,050,000 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 19,000,000 |
| Share holding post issue | 24,990,000 |
| Market Maker portion | 420,800 shares Spread X Securities |
Hi-Green Carbon IPO Reservation #
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
Hi-Green Carbon IPO Anchor Investors Details #
Hi-Green Carbon IPO raises Rs 14.88 crore from anchor investors. Hi-Green Carbon IPO Anchor bid date is September 20, 2023.
| Bid Date | September 20, 2023 |
| Shares Offered | 1984000 |
| Anchor Portion Size (In Cr.) | 14.88 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 13, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | February 8, 2024 |
Hi-Green Carbon IPO Timetable (Tentative) #
Hi-Green Carbon IPO opens on September 21, 2023, and closes on September 25, 2023.
| IPO Open Date | Thursday, September 21, 2023 |
| IPO Close Date | Monday, September 25, 2023 |
| Basis of Allotment | Thursday, September 28, 2023 |
| Initiation of Refunds | Friday, September 29, 2023 |
| Credit of Shares to Demat | Tuesday, October 3, 2023 |
| Listing Date | Wednesday, October 4, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 25, 2023 |
Hi-Green Carbon IPO Lot Size #
The minimum lot size of this Hi-Green Carbon IPO is 1600 shares required is ₹120,000.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹120,000 |
| Retail (Max) | 1 | 1600 | ₹120,000 |
| HNI (Min) | 2 | 3,200 | ₹240,000 |
| Lot Size Calculator | |||
Hi-Green Carbon IPO Promoter Holding #
M/S RNG Finlease Private Limited, Mr. Amitkumar Hasmukhrai Bhalodi, Dr. Shaileshkumar Vallabhdas Makadia, Mrs. Krupa Chetankumar Dethariya, Mrs. Radhika Amitkumar Bhalodi, Mrs. Shriyakumari Shaileshkumar Makadia, and Mr. Koosh Chetankumar Dethariya are the company’s promoters.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 71.83% |
Company Financials #
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 3,310.91 | 3,424.36 | 4,387.83 |
| Revenue | 2,429.39 | 5,113.95 | 7,903.90 |
| Profit After Tax | 9.59 | 367.95 | 1,084.78 |
| Net Worth | 806.28 | 1,174.23 | 2,259.02 |
| Reserves and Surplus | -1,093.72 | -725.77 | 359.02 |
| Total Borrowing | 1,783.10 | 1,586.70 | 1,362.19 |
Key Performance Indicator #
| KPI | Values |
|---|---|
| P/E (x) | 13.13 |
| ROE | 63.19% |
| ROCE | 64.70% |
| Debt/Equity | 0.6 |
| EPS (Rs) | 5.71 |
| RoNW | 48.02% |
Objects of the Issue #
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- Setting up of new Manufacturing Unit at Maharashtra.
- To Meet Working Capital Requirements.
- General Corporate Purpose.
- To meet Public Issue Expenses.
Hi-Green Carbon IPO Prospectus #
- › Hi-Green Carbon IPO DRHP
- › Hi-Green Carbon IPO RHP
Company Contact Information #
G-557, Lodhika Industrial Estate,
Metoda G.I.D.C. Gate No. 3, Metoda,
Lodhika Rajkot – 360021
Phone: +91 92275 74010
Email: compliance@higreencarbon.com
Website: https://www.higreencarbon.com/index.php
Hi-Green Carbon IPO Registrar #
Phone: +91-22-4918 6270
Email: higreencarbon.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
Hi-Green Carbon IPO Lead Manager(s) #
FAQs #
What is the total issue size of Hi-Green Carbon IPO? #
The total issue size of Hi-Green Carbon IPO is ₹52.80 Crores.
What is the IPO price for Hi-Green Carbon shares? #
The IPO price for Hi-Green Carbon shares is ₹71 to ₹75 per share.
What is the minimum lot size for Hi-Green Carbon IPO? #
The minimum lot size for Hi-Green Carbon IPO is 1600 shares, amounting to ₹120,000.
When does Hi-Green Carbon IPO open and close? #
Hi-Green Carbon IPO opens on September 21, 2023, and closes on September 25, 2023.
Who are the promoters of Hi-Green Carbon Limited? #
M/S RNG Finlease Private Limited, Mr. Amitkumar Hasmukhrai Bhalodi, Dr. Shaileshkumar Vallabhdas Makadia, Mrs. Krupa Chetankumar Dethariya, Mrs. Radhika Amitkumar Bhalodi, Mrs. Shriyakumari Shaileshkumar Makadia, and Mr. Koosh Chetankumar Dethariya are the promoters of the company.
What are the key financial indicators of Hi-Green Carbon Limited as of March 31, 2023? #
Price/Earnings (P/E) Ratio: 13.13
Return on Equity (ROE): 63.19%
Return on Capital Employed (ROCE): 64.70%
Debt/Equity Ratio: 0.6
Earnings Per Share (EPS): ₹5.71
Return on Net Worth (RoNW): 48.02%
What are the objects of the Hi-Green Carbon IPO? #
The objects of the Hi-Green Carbon IPO are as follows:
Setting up of a new Manufacturing Unit in Maharashtra.
Meeting Working Capital Requirements.
General Corporate Purpose.
Meeting Public Issue Expenses.
Please note that the information provided in the FAQs is based on the data available. For the latest updates and detailed information, please refer to the official sources and the prospectus.
