blog/article-blog/High Green IPO: Paving the Way to a Sustainable Future

Sep 21, 2023

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High Green IPO: Paving the Way to a Sustainable Future

Hi-green Carbon, a trailblazing environmental company, stands as a beacon of sustainability in a world grappling with climate change. Through innovative solutions and a staunch commitment to carbon neutrality, High Green Carbon is redefining industry standards. Their cutting-edge carbon offset projects, renewable energy initiatives, and sustainable practices are forging a path towards a greener future. By engaging with High Green Carbon, businesses and individuals alike can take tangible steps to reduce their carbon footprint and actively contribute to a more sustainable planet.

Hi-green Carbon is about to get itself listed on the stock exchange. Hi-green Carbon IPO is going to go live on the 21st of September.

The company intends to raise Rs. 60 Crore by making an issue of fresh shares. Let's understand in detail with the help of a table:

Hi-Green IPO Date/Timetable:


Company Name- Hi-Green Carbon
Open Date- Hi-Green IPO will launch on 21 September
Close Date- Hi-Green IPO will conclude on 25 September
Lead Manager- The company has appointed Beeline Capital Advisors as Lead Manager
Issue Size- Hi-Green is expected to issue Rs. 60 Cr. worth of fresh equity shares
Minimum Lot Size- 21 Shares is the minimum lot size
Issue Price- Issue Price would be between Rs. 71 - Rs. 75
Listing At- The IPO is set to be listed at National Stock Exchange (NSE)

Hi-Green-IPO- Promoters & Management:

Hi-Green Carbon is a flagship company of Gujarat-based Radhe Group of Energy. The company has 7 Directors & 2 reported key management personnel.

Amitkumar Hasmukhrai Bhalodi: Amitkumar, aged 39 yrs, is the managing director cum CFO & promoter of the company. He holds the degree of Company Secretary, commonly known as CS, from the highly reputed Institute of Company Secretaries of India. He has over 15 years of experience in the field of Corporate Finance, Business Management, manufacturing of carbon products & renewable energy equipment etc.

Dr. Shaileshkumar Vallabhdas Makadia: Dr. Shaileshkumar, aged 54 years, is the chairman, non-executive director as well and promoter of the company. He has done graduation with a degree of Bachelor of Veterinary Science and Animal Husbandry from Gujarat Agricultural University. He has vast experience spanning over 19 years in the fields of Biomass biomass-briquette, Renewable Energy, Food Processing, and Recovered Carbon Black and waste recycling processes.

The promoters and management team of High Green Carbon are visionary leaders in the field of environmental sustainability. Comprising seasoned experts with a profound understanding of climate science, renewable energy, and sustainable practices, they bring a wealth of experience to the forefront of the company's mission. Their unwavering commitment to combatting climate change and promoting carbon neutrality is evident in the innovative strategies and solutions High Green Carbon offers. With a diverse skill set, a dedication to ethical and eco-conscious business practices, and a passion for environmental preservation, the promoters and management of High Green Carbon are driving the company to new heights, fostering a brighter and more sustainable future for all.

Hi-Green IPO- Financial Performance:

Particulars

2021

2022

2023

Revenue from Operations

2427

5111

7852

Other Income

2

3

51

Total Income

2429

5114

7903

Cost of Goods Sold

1618

3321

4759

Employee Benefit Expenses

107

117

136

Other Expenses

346

788

963

EBITDA

358

888

2045

Depreciation

297

304

312

Finance Cost

48

118

120

EBIT

61

584

1733

OPM

14.74%

17.36%

25.88%

PBT

13

466

1613

Tax

4

99

528

PAT

9

367

1085

NPM

0.37%

7.18%

13.73%

No. of Shares

249.9

249.9

249.9

EPS

0.04

1.47

4.34

Hi-Green IPO- Analysis of Financial Performance:

The company has shown excellent growth which is quite evident from the following facts:

* Revenue from Operations has tripled in the last 3 years while PAT has increased by a whopping 120 times which shows how well its excelling in operations.

* Interest Coverage Ratio also witnessed a significant improvement. ICR, which stood at just 1.23 in 2021 climbed to a high of 14.04 signifying better coverage for interest expenses.

* The debt-to-equity ratio has witnessed a decline, signifying a more balanced debt structure.

However, there are a couple of risks as well:

* The company & its promoters have in the past defaulted on Income Tax obligations & have a few Outstanding Income issues. This does not augur well for the company.

* Company’s high valuation demands close scrutiny, specially to judge better on whether the company can meet its growth projections or not.

Hi-Green IPO-Conclusion:

In conclusion, High Green Carbon certainly presents hope of a better future and innovation in the collective effort to combat climate change and promote sustainability. With visionary leadership, a passionate commitment to environmental preservation, and a portfolio of groundbreaking initiatives, High Green Carbon stands at the forefront of the green revolution. Its endeavors in carbon offset projects, renewable energy, and sustainable practices not only inspire but also provide practical solutions to the global environmental crisis.

Category: Investments

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