Greenhitech Ventures Limited IPO Details
Field | Details |
IPO Dates | April 12, 2024 - April 16, 2024 |
Listing Date | To be announced (represented by "[.]" in the original text) |
Face Value | ₹10 per share |
Issue Price | ₹50 per share |
Lot Size | 3,000 Shares |
Minimum Investment | ₹150,000 |
Total Issue Size | ₹6.30 Crore (1,260,000 shares) |
Issue Type | Fixed Price Issue IPO |
Listing Exchange | BSE SME |
Pre-Issue Promoter Holding | 3,440,000 Shares |
Post-Issue Promoter Holding | 4,700,000 Shares |
Market Maker | Spread X Securities |
Reservation of Shares
Investor Category | Percentage of Shares Offered |
Retail Individual Investors | 50% |
Other Investors (Institutional & HNI) | 50% |
IPO Important Dates:
Stage | Date |
Bidding | April 12 (Fri) - April 16 (Tue) |
Allotment | April 18 (Thu) |
Refunds | April 19 (Fri) |
Shares Credited | April 19 (Fri) |
Listing | April 22 (Mon) |
UPI Mandate Confirmation | April 16 (Tue), 5 PM |
Greenhitech Ventures Limited: Overview of the Business
Greenhitech Ventures Limited was founded in November 2011 and is one of India's top suppliers of alternative materials and fuel.
What they carry out:
Trade in petroleum products: They provide a variety of sectors with furnace oils, biofuels, and bitumen, which is used to build roads.
Production of ethanol: They oversee the upkeep and operations of government-owned distilleries that produce ethanol.
Business solutions: They focus on efficiency and affordability for their customers, providing a one-stop shop for fuel and alternative material needs.
Reputation:
Well-known in the Purvanchal belt of Uttar Pradesh.
Committed to "Effective, Efficient, and Economical" principles in their services and supplies.
Team:
As of January 31, 2024, they have a team of 68 employees, including key management personnel (KMPs).
Location:
Their main office is situated in Jawahar Nagar Colony, Bhelupura, Varanasi.
Greenhitech Ventures IPO: Financial Performance Overview (in ₹ Lakhs)
This table summarizes Greenhitech Ventures Limited's financial performance over the past four years (ending January 31, 2024):
Period Ended | Assets | Revenue | Profit After Tax (PAT) | Net Worth | Reserves & Surplus | Total Borrowing |
31 Jan 2024 | 2,677.75 | 335.67 | 35.64 | 456.64 | 112.64 | 431.71 |
31 Mar 2023 | 2,708.06 | 2,504.35 | 57.23 | 315.45 | - | 347.07 |
31 Mar 2022 | 3,188.77 | 6,611.58 | 135.14 | 322.45 | - | 150.14 |
31 Mar 2021 | 2,378.58 | 4,007.69 | 24.39 | 140.99 | - | 114.60 |
Key Observations:
Assets: Greenhitech's assets have remained relatively stable over the past year but have decreased slightly compared to March 2022.
Revenue: Revenue has fluctuated over the past four years. There was a significant drop from March 2022 to March 2023, followed by a smaller increase in the latest period (ending Jan 2024).
Profitability: Profit After Tax (PAT) has shown improvement. While it remains relatively low, it has increased steadily since March 2021.
Net Worth: Net worth has increased slightly compared to March 2023 but is lower than March 2022 levels.
Debt: Total borrowing has decreased significantly since March 2022, indicating potential improvement in their financial health.
Overall:
Greenhitech Ventures Limited's financial performance shows mixed trends. While their profitability has improved in recent periods, revenue has fluctuated. It's important to consider a longer timeframe and additional financial ratios for a more comprehensive understanding of their financial health.
Greenhitech Ventures Limited: Key Performance Indicators (as of Jan 31, 2024)
KPI | Value | Description |
Return on Equity (ROE) | 8.17% | Indicates moderate return on shareholder investment. |
Return on Capital Employed (ROCE) | 17.19% | Suggests efficient use of capital to generate profit. |
Debt to Equity Ratio | 0.95 | Relatively conservative debt level compared to equity. |
Return on Net Worth (RONW) | 7.80% | Shows moderate return on the company's net worth. |
Price to Book Value Ratio (P/BV) | 3.77 | Stock price is currently trading at 3.77 times its book value. |
Profit After Tax (PAT) Margin | 10.62% | Company retains over 10% of revenue as profit after taxes. |
Overall Analysis:
Greenhitech Ventures Limited shows signs of moderate profitability and efficient use of capital. Their debt levels are manageable. However, it's important to consider these KPIs along with the financial information presented earlier (revenue fluctuations, net worth) to get a complete picture of the company's financial health.
Important Note:
This analysis is based on a limited set of financial data. Investors should conduct a thorough analysis before making any investment decisions.
Kommentare