Open Date
21 Sep 2023
25 Sep 2023
1600 shares
₹52.80 Cr
Lot Size
IPO Size
Listing At
NSE SME
Listing Date
Price Range
₹71 to ₹75
Close Date
Allotment Date
28 Sep 2023
04 Oct 2023
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.
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
Disclaimer Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.