Greenhitech Ventures IPO will be Open on April 12, 20224, and closes on April 16, 2024. The company has fixed the price of this IPO at ₹50 according to the face value of ₹10. The company will raise ₹6.30 Crores through this IPO under the 1,260,000 Equity Shares public issue, and the offer is 100% Fixed Price Issue. The company reserve quota in this IPO is 50% for NII and 50% for Retail Investor. You can check Greenhitech Ventures IPO GMP here.
Greenhitech Ventures Limited traded various petroleum-based products for different categories of industries based on their requirement. This includes the supply of biofuels, bitumen, light-density oils, furnace oils, etc. The company is also engaged in Operation & Maintenance as a Job worker for Ethanol manufacturing in government-owned distilleries.
Greenhitech Ventures Limited is a non-governmental company that provides business solutions to consumers of fuels and alternative materials across India. The company is well-known in the Purvanchal belt of Uttar Pradesh, India, and emphasizes “Effective, Efficient, and Economical” principles in all its services and supplies. You can check Greenhitech Ventures IPO subscription status here.
The company understands the market needs and upgrades our team constantly with growing technology and market trends. The company provides business solutions and services to consumers of Fuels and other alternative materials across India.
Objects Of The Issue :
- To Meet Working Capital Requirements.
- General Corporate Purposes.
Company Strengths :
- Existing client relationship.
- Experienced Promoter and Management Expertise.
- Scalable Business Model.
- Timely fulfillment of orders.
- Eco-friendly products.
- Quality Assurance and Standards.
| Read also: Upcoming IPO List 2024 |
Greenhitech Ventures IPO Review :
| Details | Valuation |
| PAT : Issue Price : EPS : PE Ratio : ROE : RoNW : ROCE : Debt/Equity : NAV Value : Total Assets : Market Cap : Pre Holding : Post Holding : | ₹0.35 Cr ₹50 /EQ 1.06 47.17x 8.17 % 7.80 % 17.19 % 0.95 ₹13.27 ₹26.78 Cr ₹23.50 Cr 100.00 % 73.19 % |
| Team Review : | AVOID |
Show Review…….
- ■ The company is in the business of trading in various petroleum based products.
- ■ The company posted lower top and bottom lines for FY24 so far and based on that the issue.
- ■ The company PE ratio is very high.
- ■ The price band is costly on this valuation, so I think avoid this.
Greenhitech Ventures IPO Price Band & Details :
| Offer Type : | Fixed Price Issue |
| IPO Open : | April 12, 2024 |
| IPO Close : | April 16, 2024 |
| Face Value : | ₹10 |
| Price Band : | ₹50 Per Share |
| Listing On : | BSE, SME |
| Issue Size : | ₹6.30 Cr {1,260,000 Shares} |
| Fresh Issue : | ₹6.30 Cr {1,260,000 Shares} |
Greenhitech Ventures IPO Market Lot :
Greenhitech Ventures IPO Minimum Market lot is 1 Lot with 3000 shares with ₹150,000 Application amount. The retail investors can apply up to 2 lots with 6000 Shares or ₹300,000 amounts.
| Category | Lot | Share | Amount |
| Retail (Min) : | 1 | 3000 | ₹150,000 |
| Retail (Max) : | 1 | 3000 | ₹150,000 |
| S-HNI (Min) : | 2 | 6000 | ₹300,000 |
Greenhitech Ventures IPO Net Reservation :
Greenhitech Ventures IPO Net Reservation of 1,260,000 shares is to be bid for the public issue by Greenhitech Ventures IPO with 597,000 for NII and 597,000 For RII.
| Category | Reservation | Shares | Amount Cr |
| NII : | 47.38% | 597,000 | ₹2.99 |
| RII : | 47.38% | 597,000 | ₹2.99 |
| MMRP : | 5.24% | 66,000 | ₹0.33 |
| Total : | 100% | 1,260,000 | ₹6.30 |
Greenhitech Ventures IPO EPS & RoNW :
The Greenhitech Ventures company’s EPS & RoNW growth increased last financial year, which is shown to you in the table here.
| Year | EPS (Rs.) | RoNW % | NAV |
| 2024 Jan | ₹1.06 | 7.80 | ₹13.27 |
| 2023 | ₹1.81 | 18.14 | ₹10 |
| 2022 | ₹4.19 | 41.91 | ₹10 |
| 2021 | ₹1.73 | 17.30 | ₹10 |
Greenhitech Ventures IPO Peer Comparison PE :
The Greenhitech Ventures, According to the RHP of the company is listed whose PE Multiple is shown in this table.
| Company | PE Ratio |
| No listed companies in India that is engaged in business | N/A |
Greenhitech Ventures IPO Dates :
Greenhitech Ventures IPO Date is April 12, 2024, and closes on April 16, 2024. The allotment will be finalized on April 18, 2024, and the IPO may be listed on April 22, 2024.
| Issue Open Date : | April 12, 2024 |
| Issue Close Date : | April 16, 2024 |
| Allotment Date : | April 18, 2024 |
| Refund Date : | April 19, 2024 |
| Share Credit Date : | April 19, 2024 |
| Listing Date : | April 22, 2024 |
Greenhitech Ventures IPO Form :
There are two ways to apply for Greenhitech Ventures IPO. You can apply for Greenhitech Ventures IPO through ASBA available in your bank account. You have to go to your online bank login select Greenhitech Ventures IPO in the Invest section and apply through your bank account. Another option is you apply for Greenhitech Ventures IPO through the IPO form download through NSE and BSE. See the Greenhitech Ventures IPO Form – Download the NSE Form and BSE Form IPO Form, fill it out, and submit it to your bank or your broker.
Greenhitech Ventures Company Financial Report (lakh) :
| Year | Revenue | Expense | PAT |
| 2024 Jan | ₹335.67 | ₹287.82 | ₹35.64 |
| 2023 | ₹2,504.35 | ₹2406.72 | ₹57.23 |
| 2022 | ₹6,611.58 | ₹6383.21 | ₹135.14 |
| 2021 | ₹4,007.69 | ₹3967.36 | ₹24.39 |
Company Promoters
■ Mr. Naved Iqbal
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
Greenhitech Ventures IPO Lead Managers :
■ Beeline Capital Advisors Pvt Ltd
Greenhitech Ventures IPO Registrar :
Skyline Financial Services Private Limited
D-153A, 1st Floor, Okhla Industrial Area
Phase-I, New Delhi – 110020, India
Tel. No.: 011-40450193-197
Email: [email protected]
Investor Grievance Email: [email protected]
Website: www.skylinerta.com
Note: Check Greenhitech Ventures IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
Greenhitech Ventures Limited
B27/92 K1 Jawahar Nagar Colony,
Bhelupura Varanasi-221010, Uttar Pradesh, India
Tel. No.: +91 9336875025
E-mail: [email protected]
Website: www.greenhitech.org
Greenhitech Ventures IPO FAQs :
What is Greenhitech Ventures IPO?
Greenhitech Ventures IPO is an SME IPO. They are going to raise ₹. Crores via IPO. The issue is priced at ₹ per equity share. The IPO is to be listed on April 22, 2024, on BSE, SME.
When Greenhitech Ventures IPO will open?
The IPO is to open from April 12 to April 16, 2024, for NII & RII.
How Much is Greenhitech Ventures’ IPO Size?
Greenhitech Ventures IPO size is ₹6.30 Crores.
How much is the Fresh issue size of Greenhitech Ventures IPO?
The Fresh issue size of Greenhitech Ventures IPO ₹6.30 Cr.
What is Greenhitech Ventures IPO Price Band?
Greenhitech Ventures IPO Price Band is ₹50 Per share.
What is the Greenhitech Ventures IPO Minimum and Maximum Lot Size?
The minimum bid is 3000 Shares with ₹150,000 amount while the maximum bid is 6000 shares with ₹300,000.
How much is Greenhitech Ventures IPO Investors Portion?
The investors’ portion for NII is 50%, RII 50%.
When is the Greenhitech Ventures IPO Allotment Date?
Greenhitech Ventures IPO allotment date is April 18, 2024.
When is the Greenhitech Ventures IPO Listing Date?
Greenhitech Ventures IPO listing date is April 22, 2024. The IPO to list on BSE, SME.
How to Apply the Greenhitech Ventures IPO through Zerodha?
Log in to the Console on the Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Greenhitech Ventures IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Greenhitech Ventures IPO through Upstox?
Log in to the Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Greenhitech Ventures IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Greenhitech Ventures IPO through Groww?
Log in to the Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Greenhitech Ventures IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Greenhitech Ventures IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest in IPOs Section and Click on IPO. You will see the IPO Name “Greenhitech Ventures IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
| Greenhitech Ventures GMP: Click Here Greenhitech Ventures Subscription: Click Here Greenhitech Ventures Allotment: Click Here Greenhitech Ventures Listing: Click Here |
All Greenhitech Ventures IPO-related links are available here. If you want to know the details then click on the Click Here Link.
Disclaimer: STOCK MARKET INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME-RELATED DOCUMENTS CAREFULLY BEFORE INVESTING.