IPO Details
Bidding Dates
To be announced
Minimum Investment
To be announced
Price Range
To be announced
Maximum Investment
To be announced
Retail Discount
To be announced
Issue Size
12,60,000 Equity Shares
Investor category and sub category
Retail Individual Investors | Non-Institutional Investors | Qualified Institutional Buyers (QIB) |About Greenhitech Ventures Ltd
Greenhitech Ventures Limited trades various petroleum-based products tailored to diverse industry needs, including biofuels, bitumen, and furnace oils. The company actively engages in the Operation and maintenance of ethanol manufacturing in government-owned distilleries.
Driven by experience in agriculture and a commitment to innovation, Greenhitech Ventures Limited positions biofuels as a sustainable alternative to traditional fossil fuels. The company, well-recognised in the Purvanchal belt of Uttar Pradesh, India, emphasises "Effective, Efficient, and Economical" principles in all its services and supplies. With a focus on staying current with evolving technologies and market trends, Greenhitech Ventures Limited provides comprehensive business solutions to consumers of fuels and alternative materials across India.
The India ethanol market was valued at USD 2.27 billion in 2022, and it's projected to grow at a CAGR of 9.16%, reaching USD 4.15 billion by 2029. The increasing demand for biofuels and the adoption of ethanol-based fuels and electric cars is driving market growth. The expansion of the agricultural sector and government investments to support ethanol production contribute to this upward trend.
Greenhitech Ventures Ltd IPO Details
Greenhitech Ventures Ltd IPO Dates
The dates for bidding for the Greenhitech Ventures IPO have not been announced yet.
Greenhitech Ventures Ltd IPO Price Band
Greenhitech Ventures is a fixed-price IPO with the price not yet announced.
Greenhitech Ventures Ltd IPO Lot Size
The Greenhitech Ventures Ltd IPO lot size has not been announced yet.
Greenhitech Ventures Ltd IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- To meet working capital requirement
- General corporate purpose
- To meet the issue expenses
How to Check the Allotment Status of the Greenhitech Ventures Ltd IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Greenhitech Ventures Ltd
Registered office: B27/92 K1 Jawahar Nagar Colony, Bhelupura, Varanasi (221010) Uttar Pradesh, India
Phone: +91-9336875025
E-mail: info@greenhitech.org
IPO Financials
| Particulars | Year ending on March 31, 2023 | Year ending on March 31, 2022 | Year ending on March 31, 2021 |
|---|---|---|---|
| Revenue from Operations | 2504.35 | 6611.58 | 4006.97 |
| EBITDA Margin (%) | 6.22% | 3.89% | 1.64% |
| Profit After Tax (PAT) | 57.23 | 135.14 | 24.39 |
| PAT Margin (%) | 2.29 | 2.04 | 0.61 |
| Total Borrowings | 347.07 | 150.14 | 114.60 |
| Cash & Cash Equivalents | 6.78 | 0.57 | 4.11 |
| Debt to Equity Ratio(x) | 1.10 | 0.47 | 0.81 |
| Return on Equity (%) | 17.94% | 58.32% | 58.92% |
| Return on Capital Employed (RoCE) (%) | 49.39% | 79.69% | 46.53% |
| Earning Per Share (EPS) in absolute ₹ | 1.81 | 4.19 | 1.73 |
Know before investing
Strengths
4-
Ensures prompt order completion and cost efficiency through streamlined processes.
-
Specialises in biofuels and ethanol, contributing to sustainable development and reduced greenhouse gas emissions.
-
Greenhitech Ventures capitalises on the global shift towards an all-electric future by strategically embracing ethanol flex-fuel cars, aligning with India's revised target of achieving 100% electric vehicles by 2040.
-
Leveraging over a decade of experience in ethanol blending, Greenhitech Ventures positions itself as a key player in reducing India's crude oil import burden. With the government's support, the company aims to reach a 20% ethanol blending threshold by 2025, taking advantage of the compatibility of ethanol with modern internal combustion engines.
Risks
4-
Greenhitech Ventures faces potential disruptions in biofuel availability, quality, and timely delivery, impacting business operations and pricing due to supplier fluctuations, delays, or cost increases.
-
The company may encounter resistance from users of conventional fossil fuels unwilling to switch to biofuels, posing challenges related to equipment modifications and operational adjustments.
-
Greenhitech Ventures is exposed to the risk of adverse effects on business and financial conditions if agreements for the operation and maintenance of ethanol plants, such as those with Rajasthan State Ganganagar Sugar Mills Ltd and Uttar Pradesh Cooperative Sugar Federation Limited, are terminated.
-
The company lacks long-term contracts with most customers, relying on a purchase order basis. This exposes Greenhitech Ventures to uncertainties about the continuation of repeat orders from customers.
Login to Angel One App / Website & click on IPO
Select desired IPO & tap on "Apply"
Enter UPI ID, set quantity/price & submit
Accept mandate on the UPI app to complete the process
Login to Angel One App / Website
Choose IPO section on Home Page
Click IPO Orders
Chose the IPO application you want to view the status for
Greenhitech Ventures Ltd IPO FAQs
Greenhitech Ventures’s IPO is a fixed-price IPO of up to 12,60,000 equity shares. The dates for the IPO have not been announced yet.
The allotment date has not been announced yet.
The IPO subscription window has not been announced yet.
The lot size for the IPO has not been announced yet.
Greenhitech Ventures Ltd IPO will be listed on the BSE SME. The dates for the IPO have not been announced yet.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange. The date of listing has not been announced yet.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
