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Hi-Green Carbon Ltd

Registered Office : G-557 Lodhika Ind Est Metoda,GIDC Gate No 3 Metoda Lodhika,Rajkot Gujarat 360002 Phone : +91 92275 74010
Fax :

Email : compliance@higreencarbon.com

Website : www.higreencarbon.com

Initial public offer of 7040000 equity shares of face value of Rs. 10/- each of Hi-Green Carbon Limited ("HGCL" or the "Company" or the "Issuer") for cash at a price of Rs. 75/- per equity share including a share premium of Rs. 65/- per equity share (the "Offer Price") aggregating to Rs. 52.80 crores ("The Offer") comprising of a fresh issue 5990000 equity shares aggregating to Rs. 44.93/- crores (the "Fresh Issue") and an offer for sale of 1050000 equity shares by promoter selling shareholder - M/s RNG Finlease Private Limted aggregating to Rs. 7.87/- crores ("Offer for Sale"), of which 420800 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 75/- per equity share including a share premium of Rs. 65/- per equity share aggregating to Rs. 3.16 crores will be reserved for subscription by market maker to the offer (the "Market Maker Reservation Portion"). The offer less the market maker reservation portion i.e. net offer of 6619200 equity shares of face value of Rs. 10/- each at a price of Rs. 75/- per equity share including a share premium of Rs. 65/- per equity share aggregating to Rs. 49.64 crores is herein after referred to as the "Net Offer". The offer and the net offer will constitute 28.17 % and 26.49 %, respectively, of the post offer paid up equity share capital of the company. Offer Price: Rs. 75 per equity share of face value of Rs. 10 each. The offer price is 7.5 times of the face value.

Issue

Opens On

Closes On

21-Sep-2023

25-Sep-2023

Money Payable On

Application

Allotment

75.00

0.00

Minimum Application for shares in Nos : 1600.0 Further Multiples of : 1600.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

41.10

52.80

24.99

75.00

Beeline Capital Advisors Pvt Ltd

Projects

Setting up of new manufacturing unit at maharashtra

To meet working capital requirements

General corporate purposes

Promoted By

RNG Finlease Pvt Ltd

Amitkumar Hasmukhrai Bhalodi

Shaileshkumar Vallabhdas Makad

Listing At

NSE - SME

Registrar to the Issue

MUFG Intime India Pvt Ltd