Hi-Green Carbon Limited IPO GMP today, price, review, details

Hi-Green Carbon Limited IPO GMP Today:- Stock market investors are very interested in learning more about energy sector stocks. Evidence indicates that Hi-Green Carbon Limited is preparing to launch its initial public offering. Through a public offer, the company is issuing new shares worth Rs 60 crore. If you are also curious about this upcoming IPO, read on as we bring you all the details about Hi-Green Carbon Limited’s GMP IPO today.

Hi-Green Carbon Limited, a leading player in the carbon industry, has positioned itself as a key player in the global transition towards green technologies and sustainability. The company’s commitment to reducing carbon emissions and promoting environmental responsibility has resonated with investors seeking opportunities in the growing green sector. As the IPO progresses, it will be interesting to see how Hi-Green Carbon Limited continues to impact the market and shape the future of sustainable investing.

Hi-Green Carbon Limited IPO GMP today

There is fantastic news for any retail or high grid investor who wants to get into the energy business as a company called High Green Carbon Limited is launching its initial public offering which will see shares worth $44,000,000,000 through a new broadcast. Further, the remaining shares, valued at Rs 8 crore, are put up for sale. Hi-Green Carbon Limited IPO GMP Today reports that the IPO subscription period will begin on September 21, 2023.

The last day to subscribe to the initial public offering (IPO) has been set for September 25, 2023, and the shares will be distributed to everyone by September 28, 2023. Starting October 4, this stock will begin trading on the stock market, according to SEBI. Hi-Green Carbon Limited’s GMP Today IPO is expected to have an initial price per share ranging from $71 to $75. A lot will have 1,600 units, so the minimum investment required will be close to 120,000.

Current GMP Overview of Hi-Green Carbon Limited IPO

Hi-Green Carbon Limited Business Model

We would like to inform everyone who is not yet aware of Hi Green Carbon Limited Company that at one time this company was also known as Shantol Hydrocarbon Limited. This company specializes in the best tire recycling. In Rajasthan, one facility recycles 100 metric tons of tires a day. This procedure is completely automatic. Under the Hi-Green Carbon Limited business model, the company sources steel wire, global carbon black, syngas and fuel oil in exchange for recycling, from which it makes the most money.

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Hi-Green Carbon Limited IPO Important Dates

Hi Green Carbon Limited, an Indian company, will launch its IPO with the support of the National Stock Exchange and the Mumbai Stock Exchange with an aim to raise funding of around Rs 55 crore. We have included some crucial dates for this event below:

IPO opening date: Thursday, September 21, 2023
IPO Closing Date: Monday, September 25, 2023
Award basis: Thursday, September 28, 2023
Refunds start: Friday, September 29, 2023
Share Credit to Demat: Tuesday, October 3, 2023
Listing date: Wednesday, October 4, 2023
Deadline for confirmation of UPI mandate: 5 pm on September 25, 2023

Hi-Green Carbon Limited IPO Targets

Why is Hi Green Carbon Limited holding its Initial Public Offering instead of being a limited liability company when everyone knows it is a successful business with a bright future? This public listing is being done to raise money for the company to develop and build another manufacturing facility in Maharashtra. Like the Rajasthan facility, this one will also recycle 100 metric tons of tires every day. Working capital financing will also be required, and this money will be used for a variety of other business costs. Funds from Hi-Green Carbon Limited’s IPO target will now also be applied to the company’s public offering costs.

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Hi-Green Carbon Limited financial information

The business concept of the company, details about the promoters and other investors, and the complete financial picture of the company must be known and understood before participating in any IPO. We have included the financial information about Hi-Green Carbon Limited in the table below to make your work easier:

Ended period	March 31, 2021	March 31, 2022	March 31, 2023
Assets	$3,310.91	$3,424.36	$4,387.83
Revenue	$2,429.39	$5,113.95	$7,903.90
Profit after taxes	€9.59	$367.95	$1,084.78
Net worth	$806.28	$1,174.23	$2259.02
Reserves and surpluses	-1,093.72	-725.77	$359.02
Total debt	$1,783.10	$1,586.70	$1,362.19

Promoter participation of Hi-Green Carbon Limited

Among the company’s promoters are numerous prominent businessmen and investors who currently control 100% of the company but will only own 71% after the public offering. The list of Hi-Green Carbon Limited Promoter Holding includes M/S RNG Fin lease Private Limited, Mr. Amit Kumar Hasmukhlal Bhalodi, Dr. Shailesh Kumar Vallabhdas Makadia, Ms. Krupa Chetan Kumar Detharia, Ms. Radhika Amit Kumar Bhalodi, Mrs. Shriya Kumari Shailesh Kumar Makadia and Mr. Koosh Chetan Kumar Detharia.

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Report on Hi-Green Carbon Ltd

Hi-Green Carbon Ltd was founded in 2011 and is dedicated to the recycling of used tyres. Its production facility, which uses a continuous pyrolysis process, is located in Rajasthan. With almost minimal human involvement, the procedure is completely automated, making it efficient and error-free. The Rajasthani facility can recycle 100 tonnes of used tires each day. Hi-Green Carbon Ltd is also planning another production facility with comparable capacity for Dhule district in Maharashtra.

Recovered carbon black (RCB) and steel wires are in the raw materials category, and fuel oil and synthetic gasoline are included in the energy components category, respectively. Additionally, raw glass, often referred to as sodium silicate, is produced using synthesis gas. All products meet sustainability requirements and the company is fully compliant with good manufacturing practices (GMP).

M/S RNG Fin Lease Private Ltd, Amit Kumar Bhalodi, Shailesh Kumar Makadia, Krupa Detharia, Radhika Bhalodi, Shriya Kumari Makadia and Koosh Detharia worked together to market the business. The promoter’s ownership will decrease from 100.00% to 71.83% after the IPO. The proceeds from the fresh issue will be used to set up a new manufacturing facility in Maharashtra, meet financial shortfall in working capital and other overall objectives of the company. Beeline Capital Advisors Private Ltd will lead the management of the offer, while Link Intime India Private Ltd will act as the registrar of the issue. Spread X Securities Ltd. is the market maker for the securities.

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How has GMP been going in the last few days?

GMPs often serve as a reliable reflection of the true stock narrative. The trend of GMP over time provides clues to which direction the wind is blowing rather than the actual price. For the Hi-Green Carbon IPO for which data is available, below is a brief summary of GMP:

Date	Gray Market Price (GMP)
September 22, 2023	60 INR
September 21, 2023	60 INR
September 20, 2023	50 INR
September 19, 2023	50 INR
September 18, 2023	30 INR
September 17, 2023	30 INR
September 16, 2023	30 INR
September 15, 2023	30 INR
September 14, 2023	20 INR

The GMP trend in the aforementioned situation reveals that the gray market premium first peaked at around 20, but has now risen to 60. Naturally, we must wait for the actual subscription figures to arrive when the issue opens for subscription. on September 21, 2023. , and we also need to monitor the development as that will have a great influence on the GMP. In the past, stocks that were oversubscribed from IPOs also saw a fairly significant improvement in prices on the gray market. To start with, the Hi-Gray market has seen strong growth for Green Carbon Ltd.

The expected trading price is suggested by the GMP indicator at around 105 per share on September 15, 2023, taking into account the upper band price of Hi-Green Carbon Ltd.’s IPO of $75 per share. This is dynamic and always changing. The stock subscription update will be a data point to monitor because it will show the trajectory of the GMP.

Hi-Green Carbon Ltd’s listing premium above the listing price is a healthy 40% based on the GMP of 30 at the top end of the accounting-constructed IPO price of 75. That assumes Hi-Green Carbon Ltd. will be listed in October. October 4, 2023, with an initial public offering price of approximately 105 per share. Naturally, these are estimates, so you must maintain a margin of safety. The best indicators of listing status come from periodic monitoring of the GMP trend. Examine the time series trend rather than the raw data.

Conclusion

Hi-Green Carbon Limited’s GMP (Grey Market Premium) IPO today reflects the strong market interest and potential of this environmentally conscious company. Focusing on sustainable carbon products, Hi-Green Carbon Limited aims to revolutionize the industry by providing innovative solutions that reduce carbon emissions and promote a greener future. The IPO GMP indicates the premium at which the company’s shares are traded on the gray market before their official listing and serves as an indicator of investor sentiment and demand for the shares. As sustainability becomes an increasingly important consideration for investors, Hi-Green Carbon Limited’s GMP IPO today highlights the growing interest in companies that prioritize environmental responsibility and offer solutions to address the challenges of climate change.

Frequently Asked Questions About Hi-Green Carbon Limited GMP Going Public Today

What is Global Health Limited IPO GMP?

As mentioned, institutional subscription to QIB is a key factor for GMP pricing. The GMP of Rs. 20 on a probable upper band price of Rs. 336 indicates a listing premium of a healthy 5.95% for Global Health Ltd over the listing price.

How do I sell my IPO on GMP?

An investor submits an application for a specific number of shares in an initial public offering. However, the investor wants to sell the shares before allotment. To facilitate the sale, they go to a gray market distributor. The distributor then contacts potential buyers and provides them with a gray market price (incorporating GMP).

What is the gray market price for the IPO?

The gray market premium is nothing but the price at which the shares are traded in the gray market. For example, suppose the issue price of share X is Rs 200. If the gray market premium is Rs 400, it means that people are willing to buy shares of company X for Rs 600; (i.e. 200+400).