What is the issue size of Hi-Green Carbon IPO?

The issue size of the Hi-Green Carbon IPO is Rs 52.80 cr

What is 'pre-apply' for Hi-Green Carbon IPO?

Pre-apply will alow you to apply for the Hi-Green Carbon IPO 2 days before the subscription period starts.

If I pre-apply for Hi-Green Carbon IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the Hi-Green Carbon IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my Hi-Green Carbon IPO order is placed?

We will notify you when your Hi-Green Carbon IPO order is placed with the exchange.

What are the open and close dates of the for Hi-Green Carbon IPO?

Hi-Green Carbon IPO will be open between 21 Sept - 25 Sept, 2023.

What is the lot size and minimum order quantity of the Hi-Green Carbon IPO?

Hi-Green Carbon Limited IPO lot size is 1600 shares.

What are the allotment dates for the Hi-Green Carbon IPO?

Hi-Green Carbon IPO allotment date is 28 Sept, 2023. For Hi-Green Carbon IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of Hi-Green Carbon IPO?

Hi-Green Carbon IPO registrar is Link Intime India Private Ltd. You can check Hi-Green Carbon IPO allotment status on the website of the registrar.

Where is the Hi-Green Carbon IPO getting listed?

The shares are proposed to be listed on NSE SME.

Hi-Green Carbon SME IPO

Hi-Green Carbon Limited

₹1,13,600 /1600 sharesMinimum Investment

Hi-Green Carbon SME IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
NSE₹75.00₹77.00₹2.00 (2.67%)
Hi-Green Carbon SME IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
21 Sep ‘23 - 25 Sep ‘23₹1,13,6001,600₹71 - ₹75
Issue SizeIPO Doc
52.80CrRHP PDF
About Hi-Green Carbon SMEHi-Green Carbon Limited, headquartered in Rajkot, Gujarat, is a part of the Radhe Group of Energy, founded by Dr. Shaileshkumar Vallabhdas Makadia.
The group's primary focus revolves around renewable energy, with a diversified and well-balanced portfolio encompassing various domains, including castings, consumer goods, corporate farming, packaging, and herbal products. The company is also engaged in the business of waste tyre recycling. The major products include Recovered Carbon Black (RCB) and steel wires under the raw material category and fuel oil and synthesis gas under the energy components category.;
Parent Organisation
Hi-Green Carbon Limited
Founded
2011
Managing Director
Mr. Amitkumar Hasmukhrai Bhalodi
Strengths & Risks
The company's manufacturing facility, strategically situated in the industrial district of Bhilwara, Rajasthan, offers a prime location advantage. It is positioned within a 100 km radius of National Highway No 79 and has connectivity to National Highway 8, a vital route connecting Delhi, Maharashtra, Rajasthan, and Gujarat.
The manufacturing plant operates through a continuous pyrolysis process, characterized by uninterrupted production, facilitated by a Program Logic Controller system that manages continuous feeding and discharging. 
The company places a strong emphasis on maintaining the highest quality standards in its manufacturing processes. It employs cutting-edge instrumentation and implements SCADA-based production systems to ensure its products' consistent quality, efficacy, and safety. 
Hi-Green Carbon Limited holds certifications for Environmental Management (ISO 14001:2015), Occupational Health and Safety Management (ISO 45001:2018), and Quality Management (ISO 9001:2015). Additionally, the company adheres to Good Manufacturing Practice (GMP) and RoHS standards.
The company's tire recycling process yields two fundamental products: fuel and recovered carbon black. These products enjoy sustained demand across various applications, including energy production and manufacturing plastics, toner, tires, and rubber products.
The company's promoters are involved in ongoing legal disputes and claims at various regulatory levels. Adverse decisions in these cases could result in significant liabilities, penalties, and harm to the company's business prospects.
The company heavily relies on a limited number of customers for its sales. The potential loss of any major customers could substantially impact the company's revenue and profitability.
The company's revenue is significantly concentrated in Rajasthan, making it vulnerable to any adverse developments in this region.
The company depends on a small group of key suppliers for its major raw materials without long-term supply agreements. The inability to secure an adequate supply of raw materials at competitive prices could adversely affect the company's operations and financial condition 
Rising raw material costs could adversely impact the company's sales and profitability.
Industrial accidents at the company's manufacturing unit and the combustible nature of rubber, one of its main commodities, pose potential risks leading to property damages, losses, and accident-related claims.
The company has previously incurred net losses, and there is uncertainty regarding its ability to achieve or maintain profitability in the future.
The company is exposed to foreign currency exchange rate fluctuations, which could materially and adversely affect its operational results and financial condition.
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹71 - 75₹2 Lakh
High Networth Individual₹71 - 75₹2 - 5 Lakh
For Hi-Green Carbon SME IPO, eligible investors can apply as Regular.

Listed On	Issue Price	Listing Price	Listing Gains
NSE	₹75.00	₹77.00	₹2.00 (2.67%)

Bidding Dates	Min. Investment	Lot Size	Price Range
21 Sep ‘23 - 25 Sep ‘23	₹1,13,600	1,600	₹71 - ₹75

Issue Size	IPO Doc
52.80Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹71 - 75	₹2 Lakh
High Networth Individual	₹71 - 75	₹2 - 5 Lakh

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