Greenhitech Ventures Limited (BSE SME)

Apr 12, 2024 - Apr 16, 2024

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IPO Reservation

Investor Category	Shares Offered	No. of Shares
Retail	47.4%	597000
Other	47.4%	597000
Market Maker	5.24%	66000
Total No. of Shares	100.0%	1260000

Incorporated in November 2011, Greenhitech Ventures Limited stands out as a pivotal player in the trading of various petroleum-based products, tailored to meet diverse industry needs, ranging from biofuels to bitumen and furnace oils. Beyond trading, the company actively involves itself in the operation and maintenance of ethanol manufacturing in government-owned distilleries, contributing significantly to the renewable energy sector. Positioned as a non-governmental entity, Greenhitech Ventures Limited prides itself on offering business solutions to fuel consumers and alternative material users throughout India, particularly in the Purvanchal belt of Uttar Pradesh. Emphasizing principles of effectiveness, efficiency, and economy, the company distinguishes itself in its services and supplies. With its main office located in Jawahar Nagar Colony, Bhelupura, Varanasi, and a dedicated workforce of 68 individuals, including Key Management Personnel (KMPs), as of January 31, 2024, Greenhitech Ventures Limited continues to make strides in providing sustainable energy solutions and driving economic growth in the region.

Company Financials

Period	Jan 2024	Mar 2023	Mar 2022	Mar 2021
Assets	2,677.75	2,708.06	3,188.77	2,378.58
Revenue	335.67	2,504.35	6,611.58	4,007.69
Profit	35.64	57.23	135.14	24.39
Net Worth	456.64	315.45	322.45	140.99
Reserves	112.64
Borrowing	431.71	347.07	150.14	114.60
Amount in ₹ Lakhs

Strength Factors

Existing Client Relationship: Greenhitech Ventures has built strong relationships with its clients over the years, fostering trust and reliability. These relationships provide a solid foundation for repeat business and potential expansion into new markets. The company's ability to maintain long-term partnerships underscores its commitment to customer satisfaction and its reputation for delivering quality products and services.

Scalable Business Model: Greenhitech Ventures operates on a scalable business model, allowing it to adapt and expand according to market demands and opportunities. Whether it's increasing production capacity, diversifying product offerings, or exploring new markets, the company has the flexibility to scale its operations efficiently. This adaptability positions Greenhitech Ventures for sustainable growth and resilience in a dynamic business environment.

Timely Fulfilment of Orders: A key strength of Greenhitech Ventures is its capability to consistently fulfill orders on time. By maintaining efficient logistics and supply chain management systems, the company ensures that customers receive their products promptly and reliably. This reliability not only enhances customer satisfaction but also strengthens the company's reputation as a dependable supplier in the industry, potentially leading to increased market share and profitability.

Risk factor

Dependency on Biofuel Market: The Company’s reliance on the biofuel market exposes it to risks associated with market fluctuations, delays, and cost increases. Any disruption in the availability, quality, or timely delivery of biofuels could adversely impact the company's operations, financial performance, and pricing strategy. Fluctuations in biofuel prices or changes in government regulations could further exacerbate these risks, potentially affecting the company's profitability and market competitiveness.

Expansion into New Business Areas: While diversifying into operation and maintenance of molasses/syrup-based distilleries, including ethanol manufacturing, represents a growth opportunity, it also introduces new risks. Lack of experience or expertise in this area, regulatory challenges, technical issues, or unforeseen operational difficulties could lead to delays, cost overruns, or suboptimal performance. Any setbacks in these new ventures could negatively impact the company's financial health and overall business prospects.

Historical Negative Cash Flows: The Company has experienced negative cash flows in the past, which could pose a risk to its financial stability and operational continuity. Continued negative cash flows in the future may strain the company's liquidity, hamper its ability to meet financial obligations, and limit its flexibility to pursue growth opportunities or respond to unexpected challenges. This could further erode investor confidence, affect shareholder value, and impede the company's access to capital or financing options, potentially hindering its long-term sustainability and growth prospects.

Greenhitech Ventures IPO Lead Manager(s)

• Beeline Capital Advisors Pvt Ltd

Skyline Financial Services Private Ltd

Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php