58  Total SME IPOs listed in 2025

2,593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

Hi-Green Carbon Limited IPO Analysis

Hi-Green Carbon IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in Rajkot and caters to Recycling - Waste sector. Beeline Capital Advisors Private is the merchant banker of Hi-Green Carbon IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 30th June 2023.

Hi-Green Carbon IPO posted revenues of Rs 79.04 crores and PAT of Rs 10.85 crores in FY25 on annualised basis.

Nature of IPO : SME
Exchange : NSE EMERGE
IPO Type : Book Building

Hi-Green Carbon IPO Financial Performance (Restated)

Financial results of Hi-Green Carbon IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials
FY23
FY22
FY21
Balance Sheet
Assets
43.87
34.24
33.10

Net Worth
22.59
11.74
8.06

Total Debt
13.62
15.86
17.83

Profit & Loss
Revenue
Revenue on annualised basis
78.52
78.52
51.10
24.27

EBITDA
EBITDA on annualised basis
19.94
19.94
8.85
3.56

PAT
PAT on annualised basis
10.84
10.84
3.68
0.09

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Hi-Green Carbon IPO Key performance Indicators (KPI)

Hi-Green Carbon IPO PAT Margin is 13.81%, ROCE (Return on Capital Employed) is 64.70% as per latest financial. The below table shows Hi-Green Carbon IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars
FY23
FY22
FY21

EBITDA Margin (%)
25.39
17.32
14.67

PAT Margin (%)
13.81
7.20
0.37

EPS (Rs.)
5.71
1.94
0.05

ROE (%)
47.99
31.35
1.12

ROCE (%)
64.70
27.97
3.28

ROA (%)
24.71
10.75
0.27

Debt to Equity (x)  
0.60
1.35
2.21

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Hi-Green Carbon IPO Valuation Metrics

The market Capitalisation of Hi-Green Carbon IPO is Rs 187.43 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (Rs. Cr.):
187.43

Enterprice Value (EV) (Rs. Cr.):
200.96

EV/EBITDA (times) :
10.08

PE Multiple (times) :
17.28

P/B (times) :
2.49

NAV (Rs.) :
11.89

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Hi-Green Carbon prospectus?

The Hi-Green Carbon IPO prospectus highlights an Return on Equity (ROE) of 15%, Return on Assets (ROA) of 12%, and an EBITDA Margin of 18%, showcasing financial performance.

How do profitability ratios impact the evaluation of Hi-Green Carbon IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Hi-Green Carbon IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Hi-Green Carbon IPO ?

The post-IPO market capitalisation of Hi-Green Carbon IPO is ₹187.43 Cr, based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Hi-Green Carbon IPO?

The Hi-Green Carbon IPO has a Price-to-Earnings (PE) ratio of 17.28 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Hi-Green Carbon IPO?

Hi-Green Carbon IPO reported revenue of ₹79.04 Cr in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Hi-Green Carbon IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Hi-Green Carbon IPO?

Hi-Green Carbon recorded an EBITDA of ₹ 19.94 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Hi-Green Carbon IPO?

Hi-Green Carbon Profit After Tax (PAT) is ₹10.84 Cr, reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 78.52 Cr.
            EBITDA: ₹ 19.94 Cr.
            PAT: ₹ 10.84 Cr.
  • EBITDA Margin: 25.39 %
            Pat Margin: 13.81%
  • Net Worth: ₹ 22.59 Cr.
  • Market Capitalisation: ₹ 187.43 Cr.
  • P/E: 17.28 times
  • P/BV: 2.49 times
  • EV/EBITDA: 10.08 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
Thinking of
Listing Your Business through
SME IPO?
We can Help!
Contact Us Today

Recent IPO List

Infonative Solutions Limited

  Information Technology

  New Delhi


Spinaroo Commercial Limited

  Aluminium

  Kolkata


Retaggio Industries Limited

  Jewellery

  Mumbai


Identixweb Limited

  Information Technology - SaaS

  Surat


ATC Energies System Limited

  Power and Energy

  Mumbai


Peer Companies Of This Sector

FAQs

Hi-Green Carbon operates in Recycling - Waste and Business Of Waste Tyres Recycling.. The Issue is listed on NSE EMERGE in Sep, 2023. Hi-Green Carbon IPO size was 52.80 with Issue price of 75.00 .

Hi-Green Carbon IPO subscription was 168.92 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Hi-Green Carbon IPO listed at a listing price of 80.85 against the offer price of 75.00.

The current market price of Hi-Green Carbon is 219.85.

Services

IPO Advisory
IPO Advisory
In-depth, experienced and seamless execution throughout the IPO Process.
IPO Readiness
IPO Readiness
IPO Roadmap by improving Business Efficiencies, Financial Parameters and Corporate Structure to become IPO ready.
Fund Raising
Fund Raising
Fuelling a company's growth through Pre IPO Fund Raise, Private Equity, and Angel Investing.
SME : Business Scaling
SME Business Upscaling
Provide support to build a scalable SME business by unleashing the SME potential.
Post IPO Montoring
Post IPO Mentoring
Assisting with post IPO regulatory requirements and Performance Monitoring to achieve the milestone of Mainboard migration.

Thinking of
Listing Your Business through SME IPO?

We can help! Contact Us

Why Us?

  • Leading portal for IPOs
  • End to End Solutions
  • Known for Transparency