Hi-Green Carbon Limited

Company Profile
Company Name Hi-Green Carbon Limited
Open Date 21-09-2023
Close Date 25-09-2023
Exchange NSE SME
Lot Size 1600 Shares
Issue Price ₹71 to ₹75 per share
Issue Size 7,040,000 shares
Application Amount ₹ 1,20,000
Recommendation Apply
Hi-Green Carbon Limited was incorporated in the year 2011 and has its registered office in Rajkot, Gujarat. The Company is engaged in the business of waste tyres recycling. Company’s manufacturing plant operates on continuous pyrolysis process. It is an uninterrupted working method with continuous feeding and discharging system controlled by the Supervidory control and data acquisition (SCADA). Company’s major products are Recovered Carbon Black (rCB) and Steel Wires under Raw Material Category, Fuel Oil and Synthesis Gas under Energy components category. As on 31st March 2023, the company had 32 employees on its payroll.
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Summary of Financials (All financials in Lakh)

For the Period Ended Mar-21 Mar-22 Mar-23
Total Assets 3,310.92 3,424.36 4,387.82
Net Assets 806.28 1,174.23 2,259.02
Total Borrowings 1,783.10 1,586.70 1,362.19
Total Revenue 2,429.39 5,113.95 7,903.90
Profit After Tax 9.58 367.95 1,078.93

Tentative Timeline

Opening Date 21-09-2023
Closing Date 25-09-2023
Basis of Allotment 28-09-2023
Initiation of Refunds 29-09-2023
Credit of Shares to Demat 03-10-2023
Listing Date 04-10-2023

Objects of the Issue

Setting up of new Manufacturing Unit at Maharashtra.
To Meet Working Capital Requirements.
General Corporate Purpose.
To meet Public Issue Expenses.

Contact Information

Registered Office Hi-Green Carbon Limited 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

Registrar Details

Name Link Intime India Private Ltd
Phone +91-22-4918 6270
Email higreencarbon.ipo@linkintime.co.in
Website https://linkintime.co.in/mipo/ipoallotment.html

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

Shareholding Pattern

Share Holding Pre Issue (Promoters) 100.00%
Share Holding Post Issue (Promoters) 71.83%

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