Greenhitech Ventures IPO: 730x Subscription Surge

Greenhitech Ventures shatters records: IPO sees unprecedented 730x subscription

The fantasy of IPO subscription for Greenhitech Ventures began on April 12 and will end on April 16. Greenhitech Ventures IPO may be purchased at ₹50 per if the person buys 100 shares with the face value of ₹10 each. For each lot of shares, we offer 3000 shares. Five par is the problem bond price.

The company supplies distinct industrial groups with various crude oil-based products as needed. In this context, it means JP-4, JP-5, JP-7, JP-8, and JP-STA, which are residuals—including crude oils, petroleum residuals, asphalt, bitumen furnace oil, light-density oils, and biofuels. Consequently, the company works with government-controlled ethanol complexes and provides technical services like maintenance and operations. It prefers the use of fuels and green materials by making India's commercial services and solutions accessible.

The prospectus reveals one thing: there are no listed companies in India that employ workers in the ethanol production industry or trade in biofuels.

Joined together are the promoters of the firm, Iqbal Naved and Nadeem Muhammad.

On Thursday, April 18, Greenhitech finalizes its IPO-based share allotment by a tentatively scheduled process (i.e., counting the lottery). In this case, the shares allotted to you will be credited to your demat account on the same date, and the company will process a refund withdrawal for you on the coming day. On Monday, April 22nd, 2019, Greenhitech Ventures Day 1 initial public offering shares will be listed on BSE SME.

Greenhitech Ventures should provide its shareholders with information on their IPO subscription status.

A Greenhitech Ventures IPO subscription status for 3 days was 87.52.

Out of which, 597.41 times were subscribed in the retail component, and ninety-two percent of available NII were oversubscribed.The company got bids for a total of 91,93,23,000 shares, which were 11,94,000 shares more than the bid size on offer, according to the data available on chittorgarh.com; on day 1, such subscription status was 15.83 times, and the issue finished competing against any issue on day 2 with a status of 108.86 times.