Green Circle Decarbonize Technology Limited announced the closing of the underwriter's over-allotment option in connection with its initial public offering, selling an additional 375,000 ordinary shares at $4.00 per share, raising aggregate gross proceeds of $11,500,000. This event is significant for investors as it finalizes the company's IPO capital raise, providing funds for its operations and growth.
Key takeaways
The company closed the sale of an additional 375,000 ordinary shares pursuant to the full exercise of the underwriter's over-allotment option.
The shares were sold at the IPO price of $4.00 per share, less underwriting discounts.
Aggregate gross proceeds from the offering, including the previously announced IPO, are $11,500,000 prior to deducting underwriting discounts, commissions, and estimated offering expenses.
RBW Capital Partners LLC acted as the representative underwriter, with Revere Securities LLC as co-manager.
The registration statement on Form F-1 (File No. 333-276943) was declared effective by the SEC on December 30, 2025.