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Greenhitech Ventures Limited IPO – Important Dates, Price, GMP & Review

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Greenhitech Ventures Limited who are involved in trading petroleum based products are raising ₹ 6.30 crores approximately through Initial Public Offerings (IPO). The IPO will be open from 12 April, 2024 and will close on 16 April, 2024. The IPO Price band is set to ₹ 50 and a retail investor can do minimum investment of ₹1,50000 for a single lot of 3000 shares.

Greenhitech Ventures Limited provides business solutions to consumers of fuels and other alternative materials across India. They are engaged in Operation & Maintenance as Job worker for Ethanol manufacturing in Government owned distilleries. They also deals in supply of biofuels, bitumen, light density oils, furnace oils etc.

Greenhitech Ventures IPO Important Dates And Prices

IPO Opening Date12 April, 2024
IPO Closing Date16 April, 2024
IPO Allotment Date18 April, 2024
Date of Refund Initiation19 April, 2024
Single Price₹ 50
Total Shares3000/Lot
Minimum Investment₹ 1,50000
IPO Listing22 April, 2024
Listing OnBSE SME

Greenhitech Ventures Limited IPO Important Details

IPO Issue Size₹6.30 Crores
IPO Face Value₹ 10/Share
IPO Retail Percentage50%
IPO Other Investors Percentage50%
IPO Mandate Last Date16 April, 2024 (Till 5 PM)
IPO RegistrarSkyline Financial Services Pvt Ltd

Greenhitech Ventures IPO GMP (Grey Market Premium)

As On 11-04-2024₹18
As On 12-04-2024₹18
As On 13-04-2024₹20
As On 15-04-2024₹20
As On 18-04-2024₹40

Greenhitech Ventures Limited Company Qualities

  • Company is well known for supply of bio-diesel.
  • Company has World class technical setup and approved lab facility that helps them to maintain the mission they target.
  • Company bids for tender of Government owned distillery for Operation & Maintenance as Job worker for Ethanol manufacturing
  • Company uses Smart Solutioning and provide One to One Support to their clients.

Greenhitech Ventures Limited Company Promoters

  • Mr. Naved Iqbal (Chairman & Managing Director)
  • Mr. Mohammad Nadeem (Director & CFO)

Shareholding Pattern or Promoter Holding in Greenhitech Ventures IPO

Equity ShareholdingNo. of SharesPercentage of Shares
Pre Issue3,440,000100.00%
Post Issue4,700,00073.19%

Greenhitech Ventures Limited IPO Review (Avoid)

Greenhitech Ventures Limited company has an ROE of around 8.17% and RoNW of about 7.80%. PAT Margin Percentage of Greenhitech Ventures Limited is approx. 11%. Our Review For This IPO is you should Avoid it. Invest in some other IPOs. High Risk is associated with it.

Greenhitech Ventures Limited IPO Important Links

Allotment Status or Registrar LinkSkyline Financial Services Pvt Ltd
Company Websitewww.greenhitech.org
Incorporated InNovember 2011
Registered OfficeB27/92 K1 Jawahar Nagar, Colony, Bhelupura Varanasi 221010, Uttar Pradesh, India
DownloadRHP PDF

FAQ’s Related to Greenhitech Ventures IPO

  1. From Which Date Greenhitech Ventures Limited IPO will open?

    Greenhitech Ventures Limited IPO will open from 12th April, 2024.

  2. What is the last date to apply for the Mandate of Greenhitech Ventures IPO?

    Greenhitech Ventures IPO last date to apply for the Mandate is 16th April, 2024.

  3. When Is the Greenhitech Ventures Limited Company Incorporated?

    Greenhitech Ventures Limited is Incorporated in May 14, 2023 and within 1 year, they are listing their IPO.

  4. When is the issue size and face value of Greenhitech Ventures IPO?

    Issue size of Greenhitech Ventures IPO is approximately 6.30 Crores and has a face value of 10 per equity share.

  5. Where is the headquarter of Greenhitech Ventures Limited Company located?

    Greenhitech Ventures Limited headquartered in Bhelupura Varanasi-221010, Uttar Pradesh.

  6. Can I submit multiple applications for Greenhitech Ventures Limited IPO from different Apps?

    No, You can not submit multiple applications From different apps using same PAN card. If you do so, all of your applications will be cancel.

How You Can Apply For Greenhitech Ventures Limited IPO or Any Other IPO?

  • To Apply For the Greenhitech Ventures Limited IPO, First You Need To open a DEMAT Account.
  • You Can Open Your Demat Account Online With Zerodha, Upstox, Angel One, Paytm Money and Groww.
  • Once DEMAT Account is Opened, Open App given Above and Visit IPO section.
  • Select the Greenhitech Ventures Limited IPO, click on Apply Now to apply for the Mandate.
  • You can apply with Your UPI (Unified Payment Interface) ID.
  • Once you Enter your UPI ID And Enter Your Investment Lots, Click on Apply For IPO.
  • After hitting apply for IPO button, you will receive a Mandate Request on your UPI Platform with in few minutes. It can take up to 1 hour also, sometimes.
  • If You did not received Mandate Request, You can even cancel the IPO application from the App you applied for the IPO.
  • And after Cancelling the Application, You can reapply again for the Greenhitech Ventures IPO or any other IPO which you want to buy.
  • On receiving Mandate, click on Accept Mandate, Enter your UPI Pin and your Mandate Amount or the IPO Amount will be blocked by the Bank, till the date of allotment.

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