Hi-Green Carbon Ltd - IPO

Hi-Green Carbon Ltd IPO Details

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.

Objective of issue

Setting up of new manufacturing unit at maharashtra. To meet working capital requirements. General corporate purposes.

Hi-Green Carbon Ltd Contact Details

Hi-Green Carbon Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - compliance@higreencarbon.com

Website - www.higreencarbon.com