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Techknowgreen Solutions IPO is a fixed price issue of ₹16.72 crores. The issue is entirely a fresh issue of 0.19 crore shares of ₹16.72 crore.
Techknowgreen Solutions IPO bidding started from Sep 18, 2023 and ended on Sep 21, 2023. The allotment for Techknowgreen Solutions IPO was finalized on Sep 26, 2023. The shares got listed on BSE SME on Sep 27, 2023.
Techknowgreen Solutions IPO price is ₹86.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,37,600 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,75,200.
Indorient Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Alacrity Securities Ltd..
Refer to Techknowgreen Solutions IPO RHP for detailed Information.
| IPO Date | September 18, 2023 to September 21, 2023 |
| Listing Date | September 27, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹86 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 19,44,000 shares (aggregating up to ₹16.72 Cr) |
| Reserved for Market Maker | 97,600 shares Alacrity Securities Ltd. (aggregating up to ₹0.8394 Cr) |
| Net Offered to Public | 18,46,400 shares (aggregating up to ₹15.88 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 54,38,730 shares |
| Share Holding Post Issue | 73,82,730 shares |
Techknowgreen Solutions IPO offers total 19,44,000 shares. Out of which 9,23,200 (47.49%) allocated to NII, 9,23,200 (47.49%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 97,600 (5.02%) |
| NII (HNI) Shares Offered | 9,23,200 (47.49%) |
| Retail Shares Offered | 9,23,200 (47.49%) |
| Total Shares Offered | 19,44,000 (100.00%) |
Techknowgreen Solutions IPO opens on September 18, 2023, and closes on September 21, 2023.
| IPO Open Date | Mon, Sep 18, 2023 |
| IPO Close Date | Thu, Sep 21, 2023 |
| Tentative Allotment | Tue, Sep 26, 2023 |
| Initiation of Refunds | Wed, Sep 27, 2023 |
| Credit of Shares to Demat | Thu, Sep 28, 2023 |
| Tentative Listing Date | Wed, Sep 27, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Sep 21, 2023 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,37,600 |
| Retail (Max) | 1 | 1,600 | ₹1,37,600 |
| HNI (Min) | 2 | 3,200 | ₹2,75,200 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2001, Techknowgreen Solutions Limited, previously known as Techno Green Environmental Solutions, provides environmental consulting services.
Techknowgreen Solutions is one of the first companies in India to provide environmental IT solutions through software applications and compliance solutions.
The company has three verticals:
Techknowgreen's clientele comes from government, semi-government organizations, MNCs, large companies, mid-size companies, and MSMEs.
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 1,181.75 | 953.94 | 1,237.25 |
| Total Income | 785.27 | 999.09 | 1,486.28 |
| Profit After Tax | 37.17 | 108.18 | 451.38 |
| Net Worth | 296.43 | 355.86 | 633.63 |
| Reserves and Surplus | -213.20 | -153.76 | 124.00 |
| Total Borrowing | 450.71 | 285.86 | 287.40 |
The market capitalization of Techknowgreen Solutions IPO is ₹63.49 Cr.
| KPI | Values |
|---|---|
| ROE | 88.57% |
| ROCE | 98.74% |
| Debt/Equity | 0.45 |
| RoNW | 71.24% |
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
[Dilip Davda] The company is engaged in consultancy and related services for environmental issues. It has posted growth in its top and bottom lines for the reported periods. FY23 performance is the result of the shift towards consultancy business from servicing activities. IPO is fully priced based on its super FY23 earnings. Investors may park funds for the medium to long-term rewards in this first mover company is the segment that has bright prospects ahead. Read detail review...
| Listing Date | September 27, 2023 |
| BSE Script Code | 543991 |
| NSE Symbol | |
| ISIN | INE0P4P01011 |
| Final Issue Price | ₹86 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹86.00 |
| Open | ₹87.00 |
| Low | ₹86.10 |
| High | ₹91.35 |
| Last Trade | ₹91.35 |
Techknowgreen Solutions Ltd.
Flat-202, Hem Opal Apartment,
Plot No. 26, Ekta Park Society,
Wakdewadi Pune - 411003
Pune, Maharashtra
Phone: +91 9607002553
Email: cs@techknowgreen.com
Website: http://www.techknowgreen.com/index.php
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Techknowgreen Solutions IPO is a SME IPO of 19,44,000 equity shares of the face value of ₹10 aggregating up to ₹16.72 Crores. The issue is priced at ₹86 per share. The minimum order quantity is 1600.
The IPO opens on September 18, 2023, and closes on September 21, 2023.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Techknowgreen Solutions IPO using UPI as a payment gateway. Zerodha customers can apply in Techknowgreen Solutions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Techknowgreen Solutions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Techknowgreen Solutions IPO opens on September 18, 2023 and closes on September 21, 2023.
Techknowgreen Solutions IPO lot size is 1600, and the minimum amount required for application is ₹1,37,600.
You can apply in Techknowgreen Solutions IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Techknowgreen Solutions IPO will be done on Tuesday, September 26, 2023, and the allotted shares will be credited to your demat account by Thursday, September 28, 2023. Check the Techknowgreen Solutions IPO allotment status.
The Techknowgreen Solutions IPO listing date is on Wednesday, September 27, 2023.
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