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Hi-Green Carbon SME IPO
Hi-Green Carbon Limited
₹1,13,600 /1600 sharesMinimum Investment
Hi-Green Carbon SME IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 21 Sep ‘23 - 25 Sep ‘23 | ₹1,13,600 | 1,600 | ₹71 - ₹75 |
| Issue Size | IPO Doc |
|---|---|
| 52.80Cr | RHP PDF |
About Hi-Green Carbon SME
Founded in
2011
Managing director
Mr. Amitkumar Hasmukhrai Bhalodi
Parent organisation
Hi-Green Carbon Limited
Strengths & Financials of Hi-Green Carbon SME
Strengths
Risks
The company's manufacturing facility, strategically situated in the industrial district of Bhilwara, Rajasthan, offers a prime location advantage. It is positioned within a 100 km radius of National Highway No 79 and has connectivity to National Highway 8, a vital route connecting Delhi, Maharashtra, Rajasthan, and Gujarat.
The manufacturing plant operates through a continuous pyrolysis process, characterized by uninterrupted production, facilitated by a Program Logic Controller system that manages continuous feeding and discharging.
The company places a strong emphasis on maintaining the highest quality standards in its manufacturing processes. It employs cutting-edge instrumentation and implements SCADA-based production systems to ensure its products' consistent quality, efficacy, and safety.
Hi-Green Carbon Limited holds certifications for Environmental Management (ISO 14001:2015), Occupational Health and Safety Management (ISO 45001:2018), and Quality Management (ISO 9001:2015). Additionally, the company adheres to Good Manufacturing Practice (GMP) and RoHS standards.
The company's tire recycling process yields two fundamental products: fuel and recovered carbon black. These products enjoy sustained demand across various applications, including energy production and manufacturing plastics, toner, tires, and rubber products.
The company's promoters are involved in ongoing legal disputes and claims at various regulatory levels. Adverse decisions in these cases could result in significant liabilities, penalties, and harm to the company's business prospects.
The company heavily relies on a limited number of customers for its sales. The potential loss of any major customers could substantially impact the company's revenue and profitability.
The company's revenue is significantly concentrated in Rajasthan, making it vulnerable to any adverse developments in this region.
The company depends on a small group of key suppliers for its major raw materials without long-term supply agreements. The inability to secure an adequate supply of raw materials at competitive prices could adversely affect the company's operations and financial condition
Rising raw material costs could adversely impact the company's sales and profitability.
Industrial accidents at the company's manufacturing unit and the combustible nature of rubber, one of its main commodities, pose potential risks leading to property damages, losses, and accident-related claims.
The company has previously incurred net losses, and there is uncertainty regarding its ability to achieve or maintain profitability in the future.
The company is exposed to foreign currency exchange rate fluctuations, which could materially and adversely affect its operational results and financial condition.
Hi-Green Carbon SME Financials
*All values are in Rs. Cr
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Application Details of Hi-Green Carbon SME IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹71 - 75 | ₹2 - 5 Lakh |
| High Networth Individual | ₹71 - 75 | ₹2 - 5 Lakh |
For Hi-Green Carbon SME IPO, eligible investors can apply as Regular.