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Greenhitech Ventures IPO
Price Band
₹
Issue Size
₹6.3 Cr
Lot Size
3,000 shares
Min Investment
₹150,000
GMP
+₹42.0 (84.0%)
Issue Price
₹50.0
Subject to Sauda
₹95800
Paid only if allotted
Greenhitech Ventures IPO AI Summary
- Greenhitech Ventures IPO is listed on BSE SME in the Lubricants sector.
- Subscription window: 12 Apr–16 Apr 2024, listing on 22 Apr 2024.
- Current GMP is +₹42.0 (84.0%) — unofficial and can change daily.
Greenhitech Ventures Limited is an SME in the lubricants sector, focusing on petroleum products and ethanol manufacturing. With a recent decline in income and profits, investors should carefully consider their investment approach.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Greenhitech Ventures IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 16 Apr 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Greenhitech Ventures IPO Grey Market Premium (GMP) Today
GMP
+₹42.0
GMP %
+84.0%
Est. Listing
₹92.0
Updated: 25 Jul 2026 14:06
About the Company
Incorporated in November 2011, Greenhitech Ventures Limited trades various petroleum-based products tailored to diverse industry needs, including biofuels, bitumen, and furnace oils.The company actively engages in the operation and maintenance of ethanol manufacturing in government-owned distilleries. Greenhitech Ventures Limited is a non-governmental company that provides business solutions to consumers of fuels and alternative materials across India.The company is well-known in the Purvanchal belt of Uttar Pradesh, India, and emphasizes "Effective, Efficient, and Economical" principles in all its services and supplies. The company's main office is located in Jawahar Nagar Colony, Bhelupura, Varanasi. As on January 31, 2024 the Company employs 68 people including KMPs on payroll.
Company Financials (₹ Cr)
As of 2024-01-31
| Period Ended | 31 Jan 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 26.78 | 27.08 | 31.89 | 23.79 |
| Total Income | 3.36 | 25.04 | 66.12 | 40.08 |
| Profit After Tax | 0.36 | 0.57 | 1.35 | 0.24 |
| NET Worth | 4.57 | 3.15 | 3.22 | 1.41 |
| Reserves and Surplus | 1.13 | |||
| Total Borrowing | 4.32 | 3.47 | 1.50 | 1.15 |
Key Ratios
EPS
₹1.66
NAV
₹13.27
ROE
8.17%
ROCE
17.19%
RoNW
7.80%
P/B Value
3.77
P/E Ratio
30.05
Market Cap
₹23.50 Cr
PAT Margin
10.62%
Debt/Equity
0.95
Promoters
Naved Iqbal and Mohammad Nadeem
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 To Meet Working Capital Requirement 4.50 2 General Corporate Expenses 0.85
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹66.12 Cr in the year ended 31 Mar 2022, declining to ₹40.08 Cr by 31 Mar 2021. The income further decreased to ₹25.04 Cr by 31 Mar 2023, and dropped significantly to ₹3.36 Cr by 31 Jan 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹1.35 Cr in the year ended 31 Mar 2022, decreasing to ₹0.24 Cr by 31 Mar 2021. It then rose to ₹0.57 Cr by 31 Mar 2023, but fell to ₹0.36 Cr by 31 Jan 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO compared to its issue price. A positive GMP suggests that the stock may list at a higher price than the issue price, reflecting demand among investors in the grey market.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their financial goals and risk tolerance. It's essential to consider the company's financial health and market conditions before deciding.
Who May Want to Wait
Investors who prefer stable and established companies with consistent earnings may want to avoid this IPO, especially given the recent decline in revenue and profit figures.
IPO Timeline, Explained
The IPO opens for subscription on April 12, 2024, and closes on April 16, 2024. Allotment of shares will be done by April 18, 2024, and the shares are expected to be listed on April 22, 2024.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While some IPOs may list at a premium, others may not perform as expected. Investors should be prepared for potential volatility on the listing day.
This evaluation is generated from Greenhitech Ventures's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Greenhitech Ventures IPO GMP today?
Greenhitech Ventures IPO GMP today is +₹42.0 (84.0%). GMP is an unofficial grey-market indicator and can change daily.
When does Greenhitech Ventures IPO open and close?
Greenhitech Ventures IPO opens on 12 April 2024 and closes on 16 April 2024.
When does Greenhitech Ventures IPO list on the stock exchange?
Greenhitech Ventures IPO listed on 22 April 2024 at ₹92.0.
What is the lot size for Greenhitech Ventures IPO?
The lot size for Greenhitech Ventures IPO is 3000 shares, requiring a minimum investment of ₹150,000.
What is the issue price of the Greenhitech Ventures IPO?
The issue price is ₹50.0.
What is the minimum investment required?
The minimum investment required is ₹150,000.
What is the lot size for this IPO?
The lot size is 3000 shares.
When is the listing date for the shares?
The listing date is expected to be April 22, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium at which the shares may list compared to the issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
12 Apr 2024
Close
16 Apr 2024
Allotment
18 Apr 2024
Listing
22 Apr 2024
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