Open Date

21 Sep 2023

25 Sep 2023


₹52.80 Cr

Lot Size

IPO Size

Listing At


Listing  Date

Price Range

₹71 to ₹75

Close Date

Allotment Date

28 Sep 2023

04 Oct 2023

IPO Details

Hi-Green Carbon Limited, formerly Shantol Green Hydrocarbons (India), was incorporated in 2011 and works in the waste tyre recycling industry. Hi-Rajasthan is where the manufacturing facility for Green Carbon is. The facility uses a continuous pyrolysis process to run. With a continuous feeding and discharging system managed by the program logic controller system, it is an uninterrupted working approach. Almost no human involvement is necessary because the procedure is entirely automated. The facility is set up to recycle 100 MT of used tires every day.

About the Company

The company intends to utilize the net proceeds from the issue towards the funding of the following objects: The Issue Proceeds from the Fresh Issue will be utilized towards the following objects: Setting up of new Manufacturing Unit at Maharashtra. To Meet Working Capital Requirements. General Corporate Purpose. To meet Public Issue Expenses. purposes.


The book-running lead managers to the offer are: Beeline Capital Advisors Pvt Ltd

Book Runners

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