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Greenhitech Ventures Limited IPO

Greenhitech Ventures Limited IPO

IPO Date :
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Allotment Date :
Listing Date :
List Price :
Lot Size:
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Listed Price: ₹ 95.00 (+90.00%)

Having completed its public offering, Greenhitech Ventures Limited's is now listed and trading on the BSE exchange as of 22-04-2024. The IPO raised cumulative capital of 12,60,000 Shares, including 12,60,000 Shares in primary capital infusion.

The IPO was conducted with a price range of ₹50 to ₹50 and minimum investment requirement of 3000 shares. subscription activity between 12-04-2024 and 16-04-2024 reflected market assessment of the offering's valuation and prospects.

The allotment process finalized on 18-04-2024 distributed equity ownership to successful bidders. The listing established a transparent market mechanism for share trading, price discovery, and investor participation in the company's future growth.

Greenhitech Ventures IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Greenhitech Ventures IPO Key Performance Indicator
Company Financials ( in ₹ Lakhs )

Greenhitech Ventures IPO About Company

Incorporated in November 2011, Greenhitech Ventures Limited has established itself as a key player in the trading of petroleum-based products, catering to industries with a diverse range of biofuels, bitumen, and furnace oils. In addition to trading, the company is actively involved in the operation and maintenance of ethanol manufacturing in government-owned distilleries, reinforcing its commitment to renewable energy. Serving fuel consumers and alternative material users across India, particularly in the Purvanchal region of Uttar Pradesh, Greenhitech focuses on delivering effective, efficient, and economical solutions. Headquartered in Jawahar Nagar Colony, Bhelupura, Varanasi, the company employs a dedicated team of 68 professionals, including Key Management Personnel (KMPs), as of January 31, 2024. With its emphasis on sustainability and economic growth, Greenhitech Ventures Limited continues to make a meaningful impact in the energy sector.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Greenhitech Ventures IPO Strength Factors

  1. Strengthening Client Relationships: Expanding service offerings and maintaining high-quality standards can deepen trust and encourage long-term contracts.
  2. Optimizing Scalability: Strategic investments in infrastructure, technology, and workforce training can enhance the company’s ability to scale efficiently.
  3. Enhancing Logistics and Supply Chain Management: Continuous improvement in logistics and supplier partnerships can further streamline operations and improve cost efficiency.

Greenhitech Ventures IPO Risk Factors

  1. Managing Biofuel Market Volatility: Diversifying suppliers, securing long-term contracts, and staying updated on government policies can help reduce risks from biofuel price fluctuations and supply chain disruptions.
  2. Navigating Expansion Risks: Partnering with experienced industry players, investing in research and development, and ensuring regulatory compliance will be crucial for successful diversification into ethanol manufacturing.
  3. Improving Cash Flow Management: Strengthening revenue streams, optimizing operational efficiencies, and maintaining a balanced debt-equity structure can help mitigate financial risks associated with historical negative cash flows.

Greenhitech Ventures IPO Lead Manager(s)

  • Beeline Capital Advisors Private Limited

Greenhitech Ventures IPO Promoter(s)

  1. Mr. Naved Iqbal
  2. Mr. Mohammad Nadeem

Greenhitech Ventures IPO Company Details

Greenhitech Ventures Limited
Phone:
address:

Greenhitech Ventures IPO Registrar

Skyline Financial Services Private Limited
Name:
Phone:

Greenhitech Ventures IPO FAQs