Greenhitech Ventures Limited IPO Closed

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IPO date 12th – 16th Apr 2024
Listing date 22 Apr 2024
Type SME
Price range 50 – 50
Minimum order quantity 3000
(D)RHP View

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Greenhitech Ventures Limited is launching its IPO. The IPO opens for subscription on 12th April and will close on 16th April 2024.

Disclaimer: This stock will trade with a lot size of 3000 shares in the SME segment on the listing.

What does Greenhitech Ventures Limited do?

Incorporated in November 2011, Greenhitech Ventures Limited specializes in distributing petroleum-based products, including biofuels, bitumen, and oils, to meet industrial needs. The company is also involved in the operational and maintenance aspects of ethanol production within government-owned distilleries. This portion of their business involves no direct ownership in the manufacturing process, but rather the company working under government contracts to manage and run ethanol-producing plants. Based in Varanasi, Uttar Pradesh, the company focuses on the biofuel sector, complying with 2015 bio-diesel blending regulations. The company emphasizes agricultural expertise, innovation, and research and development.

Schedule/Timeline of Greenhitech Ventures Limited IPO

Issue Period 12th April to 16th April 2024
Deadline for accepting UPI mandate  Until 5 PM on the issue closing day
Finalization of Allotment April 18, 2024
Initiation of Refunds April 19, 2024
Credit of Shares April 19, 2024
Date of Listing April 22, 2024
Mandate end date April 30, 2024
Anchor Investors Lock-In End Date (50% of the investment) May 18, 2024
Anchor Investors Lock-In End Date (Remaining investment) July 17, 2024

Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.

How to apply to the Greenhitech Ventures Limited IPO?

You can apply for the Greenhitech Ventures Limited IPO using any supported UPI app by following two steps:

  • Enter your bid on Kite
  • Accept the UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

How to check the allotment status for the Greenhitech Ventures Limited IPO?

You can check the allotment status for the Greenhitech Ventures Limited IPO on the website of the Registrar and Transfer agent.