1.Company Information

Hi-Green Carbon IPO is a book built issue of Rs 52.80 crores. The issue is a combination of fresh issue of 59.9 lakh shares aggregating to Rs 44.93 crores and offer for sale of 10.5 lakh shares aggregating to Rs 7.88 crores. Hi-Green Carbon IPO opens for subscription on September 21, 2023 and closes on September 25, 2023. The allotment for the Hi-Green Carbon IPO is expected to be finalized on Thursday, September 28, 2023. Hi-Green Carbon IPO will list on NSE SME with tentative listing date fixed as Wednesday, October 4, 2023. Hi-Green Carbon IPO price band is set at ₹71 to ₹75 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹240,000. Beeline Broking Ltd is the book running lead manager of the Hi-Green Carbon IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Hi-Green Carbon IPO is Spread X Securities. Refer to Hi-Green Carbon IPO RHP for detailed information.

2. Objective of the Issue

The Company proposes to utilize the Net Proceeds towards funding the following objects:

1. Setting up of new Manufacturing Unit at Maharashtra.

2. To Meet Working Capital Requirements.

3. General Corporate Purpose.

4. To meet Public Issue Expenses.

3.Hi-Green Carbon IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Email: higreencarbon.ipo@linkintime.co.in

Website:https://linkintime.co.in/mipo/ipoallotment.html