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Business News/ Markets / Ipo/  Hi-Green Carbon share price debuts at a mere 2.7% premium at 77 on NSE SME
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Hi-Green Carbon share price debuts at a mere 2.7% premium at ₹77 on NSE SME

Hi-Green Carbon share price listed at a premium on NSE SME, 2.7% higher than the issue price.

Hi-Green Carbon shares list on NSE SME on Thursday.Premium
Hi-Green Carbon shares list on NSE SME on Thursday.

Hi-Green Carbon listing: Hi-Green Carbon share price listed on NSE SME at a premium on Thursday. On NSE SME, Hi-Green Carbon share price today was listed at 77 per share, 2.7% higher than the issue price of 75.

Hi-Green Carbon IPO opened for subscription on September 21, and closed on September 25. Hi-Green Carbon IPO price band was fixed in the range of 71 to 75 per share.

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Hi-Green Carbon IPO Details

The 52.80 crore worth Hi-Green Carbon IPO comprises a fresh issue of 59.9 lakh equity shares aggregating to 44.93 crore and an offer for sale (OFS) of 10.5 lakh shares aggregating to 7.88 crore. Hi-Green Carbon IPO raises 14.88 crore from anchor investors.

The proceeds from the new issue will be put to use for various purposes, including the establishment of a new manufacturing facility in Maharashtra, meeting working capital needs, pursuing general business objectives, and paying public issue expenses.

The book running lead manager for the Hi-Green Carbon IPO is Beeline Capital Advisors Pvt Ltd, while Link Intime India Private Ltd is the IPO registrar.

Also Read: Hi-Green Carbon IPO Day 2: Check latest GMP, subscription status, other key details here

Hi-Green Carbon IPO GMP Today

Hi-Green Carbon IPO GMP today, or grey market premium today, is 35 per share, The latest GMP indicates that the Hi-Green Carbon shares are trading at a premium of 35 apiece in the grey market.

Considering the Hi-Green Carbon IPO GMP today and the issue price, Hi-Green Carbon shares’ estimated listing price as per grey market was 110 apiece, which is 46.67% premium to the issue price.

Also Read:Hi-Green Carbon IPO Day 3: Issue subscribed by a robust 168.92 times on last day; retail portion booked 196.35x

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Published: 28 Sep 2023, 10:06 AM IST
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