Hi-Green Carbon IPO Day 3: Issue subscribed by a robust 155 times so far on last day; retail portion booked 181.5x

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Also Read: Arabian Petroleum IPO: Check price band, subscription status, GMP, other key things to know about SME IPO Hi-Green Carbon IPO GMP today, or grey market premium today, is ₹60 per share, as per market observers. The latest GMP indicates that the Hi-Green Carbon shares are trading at a premium of ₹60 apiece in the grey market.

Considering the Hi-Green Carbon IPO GMP today and the issue price, Hi-Green Carbon shares’ estimated listing price would be ₹135 apiece, which is 80% premium to the issue price. Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! Hi-Green Carbon IPO opened for subscription on September 21, and will close today.

The company is likely to finalise the basis of allotment on September 28 and initiate refunds on September 29, while credit the shares in the demat accounts of eligible allottees on October 3. Hi-Green Carbon shares are proposed to be listed at NSE SME on October 4.

The total IPO size is ₹52.80 crore which 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. Also Read: Saakshi Medtech and Panels IPO: GMP, subscription status, other details about SME issue Hi-Green Carbon IPO price band is fixed at ₹71 to ₹75 per share.

The IPO lot size is 1,600 shares and the minimum investment amount required by retail investors is ₹120,000. 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."Exciting news! Mint is now on WhatsApp Channels