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14/09/2023 13:40

Hi-Green Carbon announces launch of initial public offering

Hi-Green Carbon Ltd. has announced public offering of 7040000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 65.00 per share. The gross proceeds of the issue are expected to be Rs 5,280.00 lakhs.

The company's initial public offer (IPO) will open on 21 September 2023 and is expected to close on 25 September 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 71.00-75.00 per share.

The IPO includes a fresh Issue of 7040000 Equity Shares of the Company at an price of Rs 75.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.

Hi-Green Carbon Ltd. anticipates using the proceeds of the issue for .

Beeline Capital Advisors Pvt. Ltd. as lead manager & Link Intime India Private Limited is the registrar, to the issue.