Greenhitech Ventures IPO Allotment Date, Price and GMP

Greenhitech Ventures IPO, priced at Rs. 50 per share, opens for subscription on April 12, 2024, with an allotment date set for April 18, 2024, and listing date on April 22, 2024.

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9. Apr 2024
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Greenhitech Ventures IPO Allotment Date, Price and GMP















Greenhitech Ventures is set to launch its IPO, offering 12.6 lakh shares at a fixed price of Rs. 50 per share, totaling Rs. 6.30 crores. Subscription opens on April 12, 2024, closing on April 16, 2024, with expected allotment on April 18, 2024. It will list on BSE SME by April 22, 2024. Retail investors can invest a minimum of Rs. 150,000, with a minimum lot size of 3000 shares. HNIs need to invest at least 2 lots (6,000 shares), amounting to Rs. 300,000. Beeline Capital Advisors Pvt Ltd is the lead manager, and Skyline Financial Services Private Ltd is the registrar, while Spread X Securities acts as the market maker.

Highlights

 

About Greenhitech Ventures Limited

Established in November 2011, Greenhitech Ventures Limited specializes in trading petroleum-based products such as biofuels and bitumen, and operates and maintains ethanol manufacturing in government-owned distilleries. Renowned in the Purvanchal belt of Uttar Pradesh, India, the company prioritizes effectiveness, efficiency, and affordability in its services. With its headquarters situated in Jawahar Nagar Colony, Bhelupura, Varanasi, the company employs 68 personnel, including key management personnel, as of January 31, 2024.

Greenhitech Ventures IPO Allotment Date

Greenhitech Ventures Limited is gearing up for its IPO scheduled to be available for subscription from April 12th to April 16th, 2024. Allocation of shares is set for April 18th, 2024, with the IPO slated for listing on the stock exchanges on April 22nd, 2024.

Greenhitech Ventures IPO Timeline

IPO Open Date: The IPO subscription period commences on April 12, 2024, allowing investors to subscribe to the IPO shares.

IPO Close Date: The IPO subscription period ends on April 16, 2024. Investors need to submit their applications before this date.

Basis of Allotment: On April 18, 2024, the basis of allotment for the IPO shares will be determined, specifying the allocation of shares to investors.

Initiation of Refunds: Refunds for unsuccessful applicants will begin on April 19, 2024. Applicants who do not receive allotment will receive their refunds.

Credit of Shares to Demat: On April 19, 2024, shares allotted to successful applicants will be credited to their Demat accounts.

Listing Date: The IPO shares are expected to be listed on the stock exchange for trading on April 22, 2024.

Cut-off Time for UPI Mandate Confirmation: Investors must confirm their UPI mandates before 5 PM on April 16, 2024, to participate in the IPO subscription process.

Greenhitech Ventures IPO Details

IPO Date 12th to 16th April 2024
Listing Date 22nd April 2024
Face Value Rs. 10 per share
Price Band Rs. 50 per share
Lot Size 3000 Shares
Total Issue Size 1,260,000 shares (aggregating up to Rs. 6.30 Cr)
Fresh Issue 1,260,000 shares (aggregating up to Rs. 6.30 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Share holding pre issue 3,440,000
Share holding post issue 4,700,000
Market Maker portion 66,000 shares

 

Greenhitech Ventures Limited Financial Information (Restated)

Period Ended 31 Jan 2024 31 Mar 2023 31 Mar 2022 31 Mar 2021
Assets 2,677.75 2,708.06 3,188.77 2,378.58
Revenue 335.67 2,504.35 6,611.58 4,007.69
Profit After Tax 35.64 57.23 135.14 24.39
Net Worth 456.64 315.45 322.45 140.99
Reserves and Surplus 112.64      
Total Borrowing 431.71 347.07 150.14 114.60
Amount in Rs. Lakhs

 

Greenhitech Ventures IPO FAQs

What is Greenhitech Ventures IPO?

Greenhitech Ventures IPO is an offering of 1,260,000 equity shares with a face value of Rs. 10, amounting to Rs. 6.30 Crores. Priced at Rs. 50 per share, the minimum order quantity is 3000 shares. The IPO opens on April 12, 2024, and closes on April 16, 2024. Skyline Financial Services Private Ltd is the registrar for the IPO, and the shares are proposed to be listed on BSE SME.

When Greenhitech Ventures IPO will open for apply?

Greenhitech Ventures IPO will open for subscription on Friday, April 12, 2024.

What are the minimum lot size and investment needed for participating in the Greenhitech Ventures IPO?

The minimum lot size for an application in Greenhitech Ventures IPO is 3000 shares, with a minimum investment of Rs. 150,000 for retail investors.

When is Greenhitech Ventures IPO allotment date?

The allotment for Greenhitech Ventures IPO is expected to be finalized on Thursday, April 18, 2024.

What is the Greenhitech Ventures IPO listing date?

Greenhitech Ventures IPO is scheduled to be listed on the BSE SME platform on Monday, April 22, 2024.

What is the price band of Greenhitech Ventures IPO?

The price band for the Greenhitech Ventures IPO is fixed at Rs. 50 per share.

Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Investors are advised to conduct their own research and consult with financial professionals before making any investment decisions. The accuracy and completeness of the information cannot be guaranteed, and any reliance on the information provided is at the reader's own risk.

Note - We can not guarantee that the information on this page is 100% correct. Some article is created with help of AI.

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