Greenhitech Ventures IPO booked 109 times on day 2: Check latest subscription status and other key details
Upstox
2 min read • Updated: April 15, 2024, 7:42 PM
Summary
Greenhitech Ventures IPO was overall subscribed 108.91 times on day 2, on Monday. The IPO opened for subscription on Friday, April 12 and will close on April 16.
Greenhitech Ventures IPO saw a robust subscription from retail as well as non-institutional investors on the second day of bidding on Monday, April 15. The public issue was overall subscribed 108.91 times on day 2, as per the BSE data.
The public issue received bids for over 13 crore shares compared to 11.94 lakh shares on offer.
Retail investors led the demand in the Greenhitech Ventures IPO as the portion reserved for them was subscribed 147 times. The non-institutional investors (NIIs) portion saw a subscription of 70.7 times.
The retail investors placed bids for a total of 8.77 crore shares compared to 5.97 lakh shares on offer for the segment. The NIIs’ portion received bids for nearly 4.22 crore shares against 5.97 lakh shares on offer.
The SME IPO opened for subscription on Friday, April 12, and will close on April 16.
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Greenhitech Ventures IPO details
The Greenhitech Ventures IPO is a fixed-price issue, priced at ₹50 per unit. The minimum bid quantity, or the lot size for the Greenhitech Ventures IPO is fixed at 3,000 shares.
Beeline Capital Advisors Pvt. Ltd is the book-running lead manager of the Greenhitech Ventures IPO, while Skyline Financial Services Pvt. Ltd is the registrar for the issue. The market maker for Greenhitech Ventures IPO is Spread X Securities.
Greenhitech Ventures IPO share allotment status is likely to be finalised on April 18. Successful bidders can expect the shares of the company to be credited to their Demat account by Friday, April 19.
The Greenhitech Ventures IPO listing date is tentatively scheduled for April 22. The stock would be listed on the BSE SME platform.
About Greenhitech Ventures
Greenhitech Ventures deals in various petroleum-based products, including biodiesel and light-density oils, for the different categories of industries.
The company is also engaged in operation and maintenance as a job work for ethanol manufacturing in government-owned distilleries. The company says that it provides business solutions and services to consumers of fuels and other alternative materials across the country.
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