Greenhitech Ventures Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | April 12, 2024 to April 16, 2024 |
| Listing Date | April 22, 2024 |
| Face Value | ₹ 10 per share |
| Price | ₹ 50 per share |
| Lot Size | 3,000 Shares |
| Total Issue Size | 12,60,000 shares (aggregating up to ₹ 6.30 Cr) |
| Fresh Issue | 12,60,000 shares (aggregating up to ₹ 6.30 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 34,40,000 |
| Share holding post issue | 47,00,000 |
| Market Maker portion | 66,000 shares Spread X Securities |
About Greenhitech Ventures Limited IPO
Greenhitech Ventures Ltd. (GVL) is involved in the trading of various petroleum-based products for the different categories of industries based on their requirement. This includes supply of biofuels, bitumen, light density oils, furnace oils etc. The company is also engaged in Operation & Maintenance as Job worker for Ethanol manufacturing in Government owned distilleries. It understands the market needs and upgrade its team constantly with growing technology and market trends. Greenhitech Ventures IPO is a fixed price issue of Rs 6.30 crores. The issue is entirely a fresh issue of 12.6 lakh shares. Greenhitech Ventures IPO price is ₹50 per share. The minimum lot size for an application is 3000 Shares. Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Greenhitech Ventures IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Greenhitech Ventures IPO is Spread X Securities.
Objectives of Greenhitech Ventures Limited IPO
Objectives of the issue are as follows:-
- 1. To Meet Working Capital Requirement
- 2. General Corporate Expenses
Greenhitech Ventures Limited IPO review
The company is operating in competitive environment. For the reported periods it posted inconsistency in its top and bottom lines. It marked lower top and bottom lines for FY24 so far. Based on annualized FY24 earnings, the issue appears exorbitantly priced. Small equity base post-IPO indicates longer gestation for migration to mainboard. There is no harm in skipping this pricey bet.
Greenhitech Ventures Limited IPO Financial Information
Latest Revenue
335.67
₹ Crore
Profit After Tax
35.64
₹ Crore
Net Worth
456.64
₹ Crore
Total Borrowing
431.71
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Jan 2024 | 2,677.75 | 335.67 | 35.64 | 456.64 | 431.71 | ||||
| 31 Mar 2023 | 2,708.06 | 2,504.35 | 57.23 | 315.45 | 347.07 | ||||
| 31 Mar 2022 | 3,188.77 | 6,611.58 | 135.14 | 322.45 | 150.14 | ||||
| 31 Mar 2021 | 2,378.58 | 4,007.69 | 24.39 | 140.99 | 114.60 | ||||
| Amount in ₹ Crore | |||||||||
Greenhitech Ventures Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 8.17% |
| ROCE | 17.19% |
| Debt/Equity | 0.95 |
| RoNW | 7.80% |
| P/BV | 3.77 |
| PAT Margin (%) | 10.62 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1.66 | 0.91 |
| P/E (x) | 30.05 | 54.95 |
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Competitive Strengths
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Greenhitech Ventures Limited IPO Timeline
| IPO Open Date | Friday, April 12, 2024 |
| IPO Close Date | Tuesday, April 16, 2024 |
| Basis of Allotment | Thursday, April 18, 2024 |
| Initiation of Refunds | Friday, April 19, 2024 |
| Credit of Shares to Demat | Friday, April 19, 2024 |
| Listing Date | Monday, April 22, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 16, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹150,000 |
| Retail (Max) | 1 | 3000 | ₹150,000 |
| HNI (Min) | 2 | 6,000 | ₹300,000 |