Green Circle Decarbonize Technology Limited completed the pricing of its initial public offering of 2,500,000 ordinary shares at an offering price of $4.00 per share. The offering was launched under a Form F-1 registration statement declared effective by the SEC on December 30, 2025. The shares began trading on the NYSE American Market under the symbol “GCDT” on January 13, 2026.

The gross proceeds from the offering are approximately $10,000,000 before deducting underwriting discounts, commissions and estimated offering expenses. The company granted the underwriters a 45-day overallotment option to purchase up to 375,000 additional shares at the same public offering price, less underwriting discounts, providing potential incremental proceeds of $1,500,000 if exercised in full.

Green Circle intends to deploy net proceeds to fund construction of a new factory to expand PCM-TES system production capacity, acquire specialized thermal engineering machinery, repay existing indebtedness and borrowings, and support general working capital needs. Management expects the factory build-out and equipment acquisition to absorb approximately 60% of net proceeds, with debt repayment accounting for 25% and working capital for the balance.

RBW Capital Partners LLC, through Dawson James Securities, Inc., served as lead underwriter, with Revere Securities LLC as co-manager. Nauth LPC acted as U.S. securities counsel to the company, while Manatt, Phelps & Phillips, LLP represented the underwriters. The final prospectus was filed with the SEC on January 13, 2026, detailing the rights, terms and risk factors associated with the shares.