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Greenhitech Ventures Limited IPO Review

Greenhitech Ventures Private Limited company, initially established as a partnership named "Greentech Hydrocarbons" under the Partnership Act of 1932, transitioned from a partnership firm to a private limited company after a partnership agreement dated November 18, 2011.

Greenhitech Ventures Limited IPO was engaged in company trades various petroleum-derived products to meet the needs of different industries, such as supplying biofuels, bitumen, light oils, and furnace oils. Additionally, they provide operation and maintenance services as a contractor for ethanol production in government-owned distilleries. Their company operates and maintains ethanol production in government-owned distilleries as a job contractor. They don't have their own manufacturing facility. Instead, they bid for contracts to handle the operation and maintenance of ethanol production in these distilleries.

Greenhitech Ventures Limited Products and Services

Greenhitech Ventures Limited deals in different petroleum products suited for various industries, such as biofuels, bitumen, and furnace oils. Additionally, the company is involved in running and keeping up the ethanol production process in distilleries owned by the government. They are one of the few companies qualified to handle the operation and maintenance of ethanol production in government-run distilleries. Their expertise extends to managing ethanol distillation units that utilize both ethanol and grain-based raw materials as fuel.

Their business Strengths are Existing client relationship, Experienced Promoter and Management Expertise, Scalable Business Model, Timely fulfilment of orders, Quality Assurance and Standards. Their Strategy is Develop cordial relationship with their Suppliers, Customers and employees, improving operational efficiencies, Optimal Utilization of Resources, Leveraging Their Marketing skills and Relationships. Their existing abilities and future strategies will help them attract and build relationships with new customers. They decide to work with new customers based on factors like how well their abilities match their needs, they bring future potential, the chance for a long-term partnership, and the costs involved. Their future will help them bring in and build relationships with new customers. They decide to work with new customers by looking at things like how well they can meet their needs, how much business they bring, potential for a long-term partnership, and analyzing the costs involved.

Financial Overview

The company operates in a competitive market and has shown inconsistency in its revenue and profits in recent periods. It reported lower revenue and profits for the fiscal year 2024. Considering the earnings projected for the full fiscal year 2024, the company's stock seems overpriced. The company's small equity base after its initial public offering suggests it may take a while to move to the mainboard. It might be wise to avoid investing in this expensive stock.