Green Circle Decarbonize Technology Limited (GCDT) to Raise $10 million in IPO

Green Circle Decarbonize Technology Limited (GCDT) expects to raise $10 million in an initial public offering on Tuesday, January 13th, IPO Scoop reports. The company plans to issue 2,500,000 shares at $4.00 per share.

In the last 12 months, Green Circle Decarbonize Technology Limited generated $670 thousand in revenue and had a net loss of $1.02 million. Green Circle Decarbonize Technology Limited has a market-cap of $51.56 million.

RBW Capital Partners (A Division of Dawson James) and Spartan Capital Securities served as the underwriters for the IPO.

Green Circle Decarbonize Technology Limited provided the following description of their company for its IPO: “ (Incorporated in the Cayman Islands) Our mission is to preserve the world through decarbonization technologies. As an advocate of decarbonization, we design, develop, and provide customized energy saving solutions that bring considerable economic benefits to our clients and reduce carbon emissions for a sustainable future. As carbon emissions continue to build up in the atmosphere at historic levels, the theme of decarbonization has been gaining momentum on the international stage, and companies and governments are facing more pressure than ever to develop and execute a meaningful net-zero strategy, especially after the adoption of the Paris Agreement and the Glasgow Climate Pact in 2015 and 2021, respectively. The Glasgow Climate Pact reaffirms the Paris Agreement Temperature Goal and urges each of the signing countries to take further actions to accelerate the development, deployment, and dissemination of technologies, and the adoption of policies, to transition towards low-emission energy systems. It is specifically acknowledged in the Paris Agreement that climate change is a common concern of humankind, and accordingly the fight against climate change and the pursuit of decarbonization is not only an imperative agenda of governments or states, but also requires commitment and active participation and contribution by non-state actors such as businesses, financial institutions, educational institutions, and healthcare institutions. We have devised and have been consolidating our corporate mission to research, develop, strategize, and commercialize our decarbonization technology and products that not only bring considerable economic benefits to our clients, but also contribute to the global campaign of decarbonization and ultimately a more sustainable future. We are a holding company incorporated as an exempted company under the laws of the Cayman Islands. As a holding company without material operations of our own, we conduct our business in Hong Kong through our Operating Subsidiary, Boca International Limited (“Boca International”). We are a provider of advanced energy saving solutions supported by proprietary phase change thermal energy storage materials and thermal engineering services. Our proprietary technology is a phase change material (“PCM”) thermal energy storage (“TES”) technology. By applying material science and nanotechnology, we have successfully invented and manufactured our PCM which allows temporary storage of excess thermal energy for later use and thereby bridges the gap between energy availability and energy use (“BocaPCM-TES Technology”). With our industry experience and professional expertise, we have put our BocaPCM-TES Technology into practice and invented our product – “BocaPCM-TES Panel” – a custom-made high-density polyethylene (“HDPE”) plastic encapsulated container fully filled with our PCM solution. Currently, we have developed more than 20 types of PCM, each of which has a unique phase change temperature and TES capacity to accommodate different temperature requirements in various PCM-TES applications. Based on the type of PCM solution filled into the HDPE plastic containers, we are able to manufacture customized BocaPCM-TES Panels with a wide range of operating temperatures from -86°C to +600°C to suit our clients’ needs. Accordingly, our BocaPCM-TES Panels can be utilized in many heating, ventilation, and air conditioning (“HVAC”) and refrigeration applications. Note: Net loss and revenue are for the year that ended March 31, 2024. (Note: Green Circle Decarbonize Technology Limited is offering 2.5 million shares at an assumed IPO price of $4.00 to raise $10 million, according to an F-1/A filing dated Nov. 28, 2025. This small IPO intends to list its stock on the NYSE-AmEx. Its book-runner is RBW Capital Partners. Background: Green Circle Decarbonize Technology increased its IPO’s size to 2.5 million shares – up from 2.0 million shares – and kept the assumed IPO price at $4.13 ($4.125) – to raise $10.33 million, according to an F-1/A filing dated  Sept. 26, 2024.)               “.

Green Circle Decarbonize Technology Limited was founded in 1992 and has 4 employees. The company is located at Unit 1809, Prosperity Place, 6 Shing Yip St. Kwun Tong, Kowloon, Hong Kong and can be reached via phone at (852) 2882 1222.