The Rs 6.30 crore Greenhitech Ventures Limited IPO is a fixed price offering. The 12.6 lakh shares are a completely new issuance. The subscription period for Greenhitech Ventures’ IPO begins on April 12, 2024, and ends on April 16, 2024.Â
Greenhitech Ventures Limited IPO
The Rs 6.30 crore Greenhitech Ventures IPO is a fixed price offering. The 12.6 lakh shares are a completely new issuance. The subscription period for Greenhitech Ventures’ IPO begins on April 12, 2024, and ends on April 16, 2024. On Thursday, April 18, 2024, the allocation for the Greenhitech Ventures IPO is anticipated to be completed.Â
The planned listing date of Greenhitech Ventures IPO is set for Monday, April 22, 2024 on BSE SME. Greenhitech Ventures’ (IPO) price is ₹50/share. An application must have a minimum lot size of 3000 shares. Retail investors are needed to invest a minimum of ₹150,00. HNI investments need a minimum lot size of two lots, or 6,000 shares, totaling ₹300,000.
Greenhitech Ventures IPO GMP
The Greenhitech Ventures SME IPO’s GMP has not yet begun. Based on the activity of the last three sessions on the grey market, we have observed no significant movement in GMP.
 This pattern is expected to continue until the day of listing. Stay tuned to learn about the Greenhitech Ventures SME IPO GMP’s daily price trend and anticipated listing price
| IPO Open Date | Friday, April 12, 2024 |
| IPO Close Date | Tuesday, April 16, 2024 |
| Basis of Allotment | Thursday, April 18, 2024 |
| Initiation of Refunds | Friday, April 19, 2024 |
| Credit of Shares to Demat | Friday, April 19, 2024 |
| Listing Date | Monday, April 22, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 16, 2024 |
“Grey market premium” refers to the price at which an initial public offering (IPO) trades on the unofficial, unregulated market prior to its listing on the official market. On listing day, the GMP forecasts the market reaction to a certain company’s initial public offering (IPO).Â
Whereas a negative GMP suggests that the IPO is probably going to be at a discount, a positive GMP premium suggests that the IPO is probably going to be profitable.
How to Apply for Greenhitech Ventures IPO?Â
To apply for Greenhitech Ventures IPO, follow these steps:
- Sign up for a trading and Demat account with a licenced broker.
- It is essential that you own a PAN card.
- Check the IPO’s opening and closing dates and the lot size.
- Submit your bid through your broker’s online platform or ASBA (Application Supported by Blocked Amount).
- Specify the number of shares you wish to apply for and the price range.
- Complete the payment process through net banking or UPI.
- Await the IPO allotment status, which will be available on the registrar’s website or through your broker.
- We will transfer the authorized shares to your Demat account. If not, the blocked funds will be released.
Greenhitech Ventures IPO Lot Size
A minimum of 3000 shares, as well as multiples of those, are up for bid. The lowest and maximum share and amount investments made by HNIs and retail investors are shown below.
- Retail (Min): 3000 – ₹150,000
- Retail (Max): 3000 – ₹150,000
- HNI (Min): 6,000 – ₹300,000
Objects of the Issue (Greenhitech Ventures IPO)
It is suggested that the Net Proceeds be utilised as per the information given below.
- To Meet Working Capital Requirement
- General Corporate Expenses
Greenhitech Ventures IPO Reservation
- Retail Shares Offered: 50% of the Net Issue
- Other Shares Offered: 50% of the Net Issue
Greenhitech Ventures IPO Valuation
Examine the Greenhitech Ventures initial public offering (IPO) values, including the Net Asset Value (NAV), Return on Net Worth (RoNW), Price/Earnings P/E Ratio, and Earnings Per Share (EPS).
- Earning Per Share (EPS): ₹71.53 per Equity Share
- Price/Earning P/E Ratio: 27.62
- Return on Net Worth (RoNW): 18.14%
- Net Asset Value (NAV): ₹3154.50 per Equity Share
Greenhitech BSE SME IPO Review
Depending on the needs of various industry groups, Greenhitech Ventures Ltd. (GVL) trades a range of petroleum-based goods.
This covers the provision of bitumen, light density oils, furnace oils, biofuels, and so on. The firm also works as a job worker in the operation and maintenance of government-owned distilleries that manufacture ethanol.Â
GVL offers services and business solutions to Indian users of fuels and other alternative materials. The business operates and maintains government-owned distilleries that produce ethanol as a job.
The company does not possess a manufacturing facility. It submits a proposal to operate and maintain a government-owned distillery as a job for the production of ethanol.Â
Greenhitech Ventures IPO Buy or Not
The Greenhitech Ventures IPO presents a compelling opportunity for investors looking to align their portfolios with sustainability. With a focus on green technology solutions, the company is poised to capitalize on the growing demand for environmentally friendly alternatives.Â
However, before making any investment decisions, it’s crucial to conduct thorough research and consider factors such as the company’s financial performance, competitive landscape, and growth prospects. Additionally, assessing one’s own investment goals, risk tolerance, and portfolio diversification strategy is essential.Â
While the Greenhitech Ventures IPO offers potential for attractive returns, investors should carefully weigh the risks and rewards before deciding whether to buy or not. For advice that is specific to one’s situation, talking to a financial adviser may be very helpful.