Hi-Green Carbon IPO Date, Review, Price, Allotment Details

Hi-Green Carbon IPO Details: Hi-Green Carbon IPO date is fixed, The IPO will open on September 21 and will close on September 25. Hi-Green Carbon is an NSE SME IPO to raise ₹52.80 crores via IPO. The Hi-Green Carbon IPO price band is fixed at ₹71 to ₹75 with a market lot of 1600 shares.

Hi-Green Carbon IPO

Table of Contents

Hi-Green Carbon is engaged in the business of waste tyres recycling. Their manufacturing plant operates on a continuous pyrolysis process. It is an uninterrupted working method with a continuous feeding and discharging system controlled by the program logic controller system. The process is fully automatic and requires almost no human intervention. Following continuous pyrolysis, they process the end-of-life tyres (ELTs) pieces to produce energy components and raw materials. Their major products are Recovered Carbon Black (rCB) and Steel Wires under the Raw Material Category and fuel Oil and Synthesis Gas under the Energy components category. To utilize the energy efficiently, they utilize said synthesis gas, produced as a by-product of the pyrolysis process, for also manufacturing sodium silicate commonly known as raw glass.


Hi-Green Carbon follows the highest quality practice and is compliant with the Highest Environmental, Health, and Safety (EHS) in recycling industries. The company has modern, Supervisory Control and Data Acquisition (SCADA) operated in an integrated recycling plant at the manufacturing plant situated in Rajasthan. Their production facility in Rajasthan is installed with a capacity of recycling 100 MT waste tyres per day. The company has been certified with Environmental Management Measures with ISO 14001:2015, Occupational Health and safety Management Standards with ISO 45001:2018, Quality Management Standards with ISO 9001:2015, Good Manufacturing Practice (GMP), and RoHS. Their product is REACH compliant in terms of sustainability standards.

The company is proposing a new manufacturing plant in the Dhule district of Maharashtra, with a capacity to recycle 100 MT waste tires per day. Their company has already acquired land measuring 21,500 sq. meters for the said purpose. The said expansion will add to the company’s existing tyre processing capacity.


Objects of the Issue:

  • Setting up of new Manufacturing Unit at Maharashtra
  • To Meet Working Capital Requirements
  • General Corporate Purpose
  • To meet Public Issue Expenses

Hi-Green Carbon IPO Review

  • May Apply

Hi-Green Carbon IPO Date & Price Band Details

IPO Open:September 21, 2023
IPO Close:September 25, 2023
IPO Size:Approx ₹52.80 Crores, 7,040,000 Equity Shares
Face Value:₹10 Per Equity Share
IPO Price Band:₹71 to ₹75 Per Equity Share
IPO Listing on:NSE SME
Retail Quota:35% of the net offer
QIB Quota:50% of the net offer
NII Quota:15% of the net offer
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors in IPO:Click Here

Hi-Green Carbon IPO Market Lot

The Hi-Green Carbon IPO minimum market lot is 1600 shares with a ₹120,000 application amount.

ApplicationLot SizeSharesAmount
Retail Minimum11600₹120,000
Retail Maximum11600₹120,000
S-HNI Minimum23200₹240,000

Hi-Green Carbon IPO Dates

The Hi-Green Carbon IPO date is September 21 and the IPO close date is September 25. The IPO allotment date is September 26 and the IPO might list on September 28.

IPO Open Date:September 21, 2023
IPO Close Date:September 25, 2023
Basis of Allotment:September 26, 2023
Refunds:September 27, 2023
Credit to Demat Account:September 28, 2023
IPO Listing Date:September 28, 2023

You can check IPO subscription status and IPO allotment status on their respective pages.

Hi-Green Carbon IPO Form

How to apply Hi-Green Carbon IPO? You can apply Hi-Green Carbon IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Hi-Green Carbon IPO in the Invest section. The other option you can apply Hi-Green Carbon IPO via IPO forms download via the NSE website. Check out the Hi-Green Carbon forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.


Hi-Green Carbon Company Financial Report

₹ in Crores
YearRevenueExpensePAT
2021₹24.29₹24.16₹0.10
2022₹51.14₹46.47₹3.68
2023₹79.04₹62.901₹10.85

Hi-Green Carbon IPO Valuation – FY2023

Check Hi-Green Carbon IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Earning Per Share (EPS):₹5.71 per Equity Share
Price/Earning P/E Ratio:N/A
Return on Net Worth (RoNW):48.02%
Net Asset Value (NAV):₹11.89 per Equity Share

Peer Group

  • NA

Company Promoters

  • M/S RNG Finlease Private Limited
  • Mr. Amitkumar Hasmukhrai Bhalodi
  • Dr. Shaileshkumar Vallabhdas Makadia
  • Mrs. Krupa Chetankumar Dethariya
  • Mrs. Radhika Amitkumar Bhalodi
  • Mrs. Shriyakumari Shaileshkumar Makadia
  • Mr. Koosh Chetankumar Dethariya

Hi-Green Carbon IPO Registrar

Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/

Hi-Green Carbon IPO Allotment Status

Check Hi-Green Carbon IPO allotment status on Link Intime website URL. Click Here

Hi-Green Carbon IPO Lead Managers aka Merchant Bankers

  • Beeline Broking Ltd

Company Address

Hi-Green Carbon Limited
G-557, Lodhika Industrial Estate,
Metoda G.I.D.C. Gate No. 3, Metoda,
Lodhika Rajkot – 360021
Phone: +91 92275 74010
Email: [email protected]
Website: https://www.higreencarbon.com/index.php

Hi-Green Carbon IPO FAQs


What is Hi-Green Carbon IPO?

Hi-Green Carbon IPO is an NSE SME IPO. They are going to raise ₹52.80 Crores via IPO. The issue is priced at ₹71 to ₹75 per equity share. The IPO is to be listed on NSE.

When Hi-Green Carbon IPO will open?

The IPO is to open on September 21, 2023 for QIB, NII, and Retail Investors.

What is Hi-Green Carbon IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Hi-Green Carbon IPO?

You can apply Hi-Green Carbon IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Hi-Green Carbon IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Hi-Green Carbon”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Hi-Green Carbon IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Hi-Green Carbon”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Hi-Green Carbon IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Hi-Green Carbon”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Hi-Green Carbon IPO Size?

Hi-Green Carbon IPO size is ₹52.80 crores.

What is Hi-Green Carbon IPO Price Band?

Hi-Green Carbon IPO Price Band is ₹71 to ₹75 per equity share.

What is Hi-Green Carbon IPO Minimum and Maximum Lot Size?

The IPO bid is 1600 shares with ₹120,000.

What is Hi-Green Carbon IPO Allotment Date?

Hi-Green Carbon IPO allotment date is September 26, 2023.

What is Hi-Green Carbon IPO Listing Date?

Hi-Green Carbon IPO listing date is September 28, 2023. The IPO to list on NSE SME.

Note: The Hi-Green Carbon IPO details are announced officially. The IPO grey market premium (Hi-Green Carbon IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.)

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2 Responses

  1. Looking to EPS issue price is on higher side . Profit shown for 2023 is for how many months . I think it is only estimated.

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