Greenhitech Ventures Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Greenhitech

CMP

105.90

-0.15 (-0.14%)

  • DRHP
₹50

Offer Price

₹ 6.30 Cr

Issue Size

₹ 1,50,000

Min Investment

3,000

Lot size

Time Line

  • 12
    Apr 2024
    Open
  • 16
    Apr 2024
    Close
  • 18
    Apr 2024
    Finalisation of Basis of Allotment
  • 19
    Apr 2024
    Initiation of Refunds
  • 19
    Apr 2024
    Transfer of Shares to Demat Account
  • 22
    Apr 2024
    Listing Date

Objects of the Offer

  • Develop cordial relationship with its Suppliers, Customers and employees.

  • Improving operational efficiencies.

  • Optimal Utilization of Resources.

  • To Build-Up a Professional Organization.

  • Leveraging its Marketing skills and Relationships.

Products & Services

  • Greenhitech Ventures Limited is engaged in trading of various petroleum-based products for the different categories of industries based on their requirement.

Strengths

  • Existing client relationship.

  • Experienced Promoter and Management Expertise.

  • Scalable Business Model.

  • Timely fulfilment of orders.

  • Eco- friendly products.

Risks

  • The availability, quality and timely delivery of biofuels is an important factor for its business, any fluctuation, delay or increase in cost may affect its business and prices.

  • The company may face resistance to change from existing users of conventional fossil fuel.

  • The company has entered into agreement with parties for operation and maintenance of ethanol plants for its production. Any termination of such agreements may have adverse effect on its business, prospects, results of operations and financial condition.

  • The company doing business with its customers on purchase order basis and does not have long-term contracts with most of them.

  • The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of the Company.

Company Promoters

Promoters Holding

Issue For IPO
25.85%
Pre Holding

96.40%

Post Holding

70.55%

Top Promoters Holding

Financials

All values in Cr

Jan-2024 Jul-2023 Jan-2024 3-Yr trend
Revenue 0.36 (176.90%) 1.59 (-) 3.36 (111.30%)
Gross Profit 0.36 (176.90%) 1.59 (-) 3.36 (111.30%)
Net Income 0.36 (176.90%) 1.59 (-) 3.36 (111.30%)
Assets 0.36 (176.90%) 1.59 (-) 3.36 (111.30%)
Liabilities 0.36 (176.90%) 1.59 (-) 3.36 (111.30%)

Book Running Managers

  • Beeline Capital Advisors Pvt Ltd

Registrar & Transfer Agent

Skyline Financial Services Pvt

D-153/A 1st Flr,
Okhla Industrial Are,
Phase-I - New Delhi-110020
Phone : 91-11-26812682 Fax: 91-11-30857562

Company Contact Information

B27/92 K1 Jawahar Nagar Colony,
Bhelupura,
Varanasi - 221010
Phone : +91 93368 75025 Email : info@greenhitech.org www.greenhitech.org

Offer Related Information

Initial public issue of 12,60,000 equity shares of Rs. 10/- each ("Equity Shares") of Greenhitech Ventures Limited ("Greenhitech" or the "Company" or the "Issuer") for cash at a price of Rs. 50/- per equity share including a share premium of Rs. 40/- per equity share (the "Issue Price"), aggregating to Rs. 6.30 crores ("The Issue"), of which 66,000 equity shares of Rs. 10/- each for cash at a price of Rs. 50/- per equity share including a share premium of Rs. 40/- per equity share aggregating... More

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