Hi-Green Carbon Ltd Share Price (HIGREEN)

HiGreen Carbon Ltd was originally incorporated as Shantol Green Hydrocarbons India Private Limited as a Private Limited Company vide Certificate of Incorporation dated August 29 2011 issued by the Registrar of Companies Gujarat Dadra and Nagar Havelli. Subsequently name of the Company was changed from Shantol Green Hydrocarbons India Private Limited to Shantol Green Energy India Private Limited dated November 04 2011. Later on to Shantol Green India Private Limited dated March 15 2017 and thereafter to HiGreen Carbon Private Limited dated September 21 2022. Further Company got converted from a Private Limited Company to Public Limited Company and consequently its name was changed to HiGreen Carbon Limited through a Fresh Certificate of Incorporation dated March 21 2023 issued to Company by Registrar of Companies Ahmedabad.The Company was originally formed by Mr. Amitkumar Hasmukhrai Bhalodi Mrs. Dakshaben Shaileshbhai Makadia Mrs. Binaben Sandip Makadia and Mr. Rajendra Umedlal Mehta in year 2011. Subsequently M/s. RNG Finlease Private Limited acquired control of the Company by acquiring Equity Share of the Company during year 2012 to 2017. Later on Mr. Amitkumar Hasmukhrai Bhalodi Dr. Shaileshkumar Vallabhdas Makadia Mrs. Krupa Chetakumar Dethariya Mrs. Radhika Amirkumar Bhalodi Mrs. Shiryakumari Shaileshkumar Makadia and Mr. Koosh Chetankumar Dethariya acquired a total of 5400000 Equity Shares constituting 28.42 of preissue Paid Up Capital of Company from M/s. RNG Finlease Private Limited in year 2022. As on date M/s. RNG Finlease Private Limited is holding 71.58 of preissue Paid Up Capital of the Company.Headquartered in Rajkot Gujarat HiGreen Carbon Limited is a part of Radhe Group Energy based at Rajkot Gujarat. Radhe Group of Energy founded by Dr. Shaileshkumar Vallabhdas Makadia is fast growing private enterprise in the renewable energy sector. The Groups core focus is on Renewable Energy with a diversified balanced portfolio stretching from castings consumer goods corporate farming packaging and herbal products. Manufacturing Facility is located at Industrial Dist. Bhilwara in State of Rajasthan. The Company established by Promoters to create wealth from waste are professionals from science and commerce fields to support healthier environment for next generations by recycling the waste.Presently the Company is engaged in the business of waste tyres recycling. The manufacturing plant operates on continuous pyrolysis process. It is an uninterrupted working method with continuous feeding and discharging system controlled by program logic controller system. The process is automatic and requires almost no human intervention. Following continuous pyrolysis it process the endoflife tyres ELTs pieces to produce energy components and raw materials. The major products are Recovered Carbon Black RCB and Steel Wires under Raw Material Category Fuel Oil and Synthesis Gas under Energy components category. The Company utilises said synthesis gas produced as by product of the pyrolysis process for also manufacturing sodium silicate commonly known as raw glass.Apart from these the Company follow the highest quality practice and compliant with Highest Environmental Health and Safety EHS in recycle industries. It has modern Supervisory Control and Data Acquisition SCADA operated in integrated recycling plant at their manufacturing plant situated in Rajasthan. The production facility in Rajasthan has an installed capacity of recycling of 100 MT waste tyres per day. The Company is planning a new manufacturing plant in Dhule district of Maharashtra with capacity of recycling of 100 MT waste tyres per day and has already acquired land for the said purpose.The Company is proposing an Initial Public Offer aggregating to 7600000 Equity Shares by issuing upto 6000000 Equity Shares through Fresh Issue and 1600000 Equity Shares through Offer for Sale..

Listing date: 28 Sep, 2023