IPO Details
Bidding Dates
20 Sep '23 - 24 Sep '23
Minimum Investment
₹120,000 / 1 Lots ( 1600 Shares )
Price Range
₹71 - ₹75
Maximum Investment
₹120,000 / 1 Lots ( 1600 Shares )
Retail Discount
Not Applicable
Issue Size
₹52.80 Cr
Investor category and sub category
Qualified Institutions Buyers | Non-Institutional Buyers | Retail Investors |IPO Dates
Important dates with respect to IPO allotment and listing
IPO Open Date
Sep 20, 2023
IPO Close Date
Sep 24, 2023
Basis of Allotment
Sep 27, 2023
Initiation of Refunds
Sep 28, 2023
Credit of Shares to Demat
Oct 2, 2023
IPO Listing Date
Oct 3, 2023
UPI mandate confirmation
Sep 24, 2023
Hi-Green Carbon IPO Subscription Details
Date | QIB | NII | Retail | Total |
---|---|---|---|---|
Day 1Sep 20, 2023 |
7.92 | 3.52 | 11.30 | 8.67 |
Day 2Sep 21, 2023 |
10.86 | 19.00 | 36.56 | 25.46 |
Day 3Sep 24, 2023 |
69.95 | 236.76 | 196.35 | 168.92 |
Hi-Green Carbon IPO Subscription Live Status
Investor Category | Subscription (Times) |
---|---|
Qualified Institutions Buyers | 69.95 |
Non-Institutional Buyers | 236.76 |
Retail Investors | 196.35 |
Total | 168.92 |
About Hi-Green Carbon Limited
Organic Recycling Systems Limited was incorporated in 2008. It is an engineering company offering sustainable waste management solutions. The company generates revenue via three business verticals, including the Build Own Operate Transfer (BOOT) model, the Engineering Procurement and Commissioning (EPC) model and the supply of key equipment.
In addition, the services offered by the company revolve around EPC (Engineering, Procurement, and Construction) services in waste management, commissioning services, consulting and advisory services in the waste management sector, planning, building, and managing waste management projects, laboratory services and more.
The dry waste recycling possesses the potential to generate ~₹11,836 crores per annum, as per the analysis by the Ministry of Housing and Urban Affairs (MoHUA). The company has significant exposure toward solid waste management (SWM), where the government is showcasing ample interest with the launch of schemes like SWM Rules 2016, Biomedical Waste Management Rules 2016, Plastic Waste Management 2016, etc. This will likely open the gate for business growth in solid waste management over the long term.
Organic Recycling Systems Limited IPO Details
Organic Recycling Systems Limited IPO Date
Organic Recycling Systems Limited IPO is a 100% fresh issue IPO of ₹50.00 Cr aggregating up to 25,00,200 shares. Organic Recycling Systems Limited’s IPO will be listed on the BSE SME and NSE exchanges on October 05, 2023.
Organic Recycling Systems Limited IPO Price Band
The price of the IPO has been fixed at ₹200 per share.
Organic Recycling Systems Limited IPO Lot Size
The Organic Recycling Systems Limited IPO lot size is 600 shares, and the minimum investment will be ₹1,20,000.
Organic Recycling Systems Limited IPO Objectives
The objectives of Organic Recycling Systems Limited IPO are listed below:
- For repayment of debt.
- For general corporate purposes and issue expenses.
Peer Details
As per DRHP, there are no listed companies in India that are involved in a similar business to that of Hi-Green Carbon.
How To Check the Hi-Green Carbon Limited Allotment Status?
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.
Open a demat account with Angel One to apply for the Hi-Green Carbon Limited IPO.
Contact Details of Hi-Green Carbon Limited IPO
- Registered office: G-557, Lodhika Industrial Estate, Metoda, G.I.D.C. Gate No. 3, Metoda, Lodhika Rajkot - 360021, Gujarat, India.
- Phone: +919227574010
- E-mail:compliance@higreencarbon.com
Hi-Green Carbon Ltd. Company Financials
Financial year | FY23 (₹ in lakh) | FY22 (₹ in lakh) | FY21 (₹ in lakh) |
---|---|---|---|
Revenue from operations | 7,852.41 | 5,110.69 | 2,427.09 |
Profit After Tax | 1,084.78 | 367.95 | 9.59 |
Net Worth | 2,259.02 | 1,174.23 | 806.28 |
Earnings Per Share | 5.71 | 1.94 | 0.05 |
Total Borrowings | 1,362.19 | 1,586.70 | 1,783.10 |
Know before investing
Strengths
2-
The company's manufacturing plant is strategically connected to national highways, offering logistical advantages for cost-effective transportation of materials and products. Their manufactured fuel oil is supplied to nearby ceramic, cement, and textile manufacturing units, providing them with a ready market.
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The company's manufacturing plant uses a continuous pyrolysis process, which is entirely automatic and requires minimal human involvement.
Risks
2-
The company depends on certain customers for their sales. The top 10 customers contributed about 63.87%, 57.91% and 53.63% of the sales in FY 2023, FY 2022 and FY 2021, respectively. Losing these customers can affect the revenue of the company.
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The revenue of the company is dependent on the Rajasthan manufacturing unit. Any adverse happenings in the manufacturing unit's operation can impact the company's revenue.
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Hi-Green Carbon IPO FAQs
The Hi-Green Carbon Ltd IPO contains both a fresh IPO and an offer for sale worth up to ₹52.80 crore. The issue comprises 70,40,000 equity shares and is priced at ₹71 to ₹75 per share. The IPO will open on September 21, 2023.
The Basis of Allotment will happen on Thursday, September 28, 2023.
The IPO subscription window will open on Thursday, September 21, 2023.
Retail investors can apply for a minimum of one lot, which consists of 1,600 shares.
Hi-Green Carbon Ltd IPO will be listed on the NSE exchange on Wednesday, October 4, 2023.
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, which is Wednesday, October 4, 2023, for Hi-Green Carbon Ltd.
The bank will only block the amount initially in your account. Under the new system, the money isn’t 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.