Fixed Price IPO | ₹17 Cr | Listed at BSE SME | Mon, Sep 18, 2023 - Thu, Sep 21, 2023
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Sep 18, 2023
IPO Close
Thu, Sep 21, 2023
Issue Price
₹86 per share
Market Cap (Pre-IPO)
₹63.49 Cr
| IPO Date | 18 to 21 Sep, 2023 |
| Listed on | Wed, Sep 27, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹86 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 19,44,000 shares (agg. up to ₹17 Cr) |
| Reserved for Market Maker | 97,600 shares Alacrity Securities Ltd. (agg. up to ₹0.8394 Cr) |
| Fresh Issue (Ex Market Maker) | 18,46,400 shares (agg. up to ₹16 Cr) |
| Net Offered to Public | 18,46,400 shares (agg. up to ₹16 Cr) |
| Share Holding Pre Issue | 54,38,730 shares |
| Share Holding Post Issue | 73,82,730 shares |
| BSE Script Code | 543991 |
| ISIN | INE0P4P01011 |
Techknowgreen Solutions IPO comprises a total issue size of 19,44,000 shares. The net offer to the public is 18,46,400 shares, after excluding 97,600 shares allotted on a firm basis. Of the Net offer 9,23,200 (50.00%) allocated to NII 9,23,200 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 9,23,200 | 50.00% | 47.49% |
| Retail Shares Offered | 9,23,200 | 50.00% | 47.49% |
| Firm Reservations | |||
| Market Maker Shares Offered | 97,600 | 5.02% | |
| Total Shares Offered | 19,44,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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 |
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 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 12.37 | 9.54 | 11.82 |
| Total Income | 14.86 | 9.99 | 7.85 |
| Profit After Tax | 4.51 | 1.08 | 0.37 |
| NET Worth | 6.34 | 3.56 | 2.96 |
| Reserves and Surplus | 1.24 | -1.54 | -2.13 |
| Total Borrowing | 2.87 | 2.86 | 4.51 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment in research and development (“R&D”) initiatives which includes hiring of experienced R&D resources and purchase of equipment to support R&D initiatives | 1.38 |
| 2 | Investment in office Premises | 2.00 |
| 3 | Refurbishment of new office premises and purchase of office equipment’s | 0.99 |
| 4 | Expansion of our execution and support service teams including hiring of resources with expertise in environmental consulting | 1.77 |
| 5 | Repayment of Bank facilities | 2.85 |
| 6 | General Corporate purposes | 3.87 |
| KPI | |
|---|---|
| ROE | 88.57% |
| ROCE | 98.74% |
| Debt/Equity | 0.45 |
| RoNW | 71.24% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 8.86 | |
| P/E (x) | 9.71 | 14.08 |
| Promoter Holding | 89.02% | 65.58% |
| Market Cap | ₹63.49 Cr. |
The Techknowgreen Solutions IPO is subscribed 12.98 times on September 21, 2023 7:02:00 PM (Day 3). The public issue subscribed 15.82 times in the retail category, [.] times in the QIB category, and 9.08 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 9.08 | 9,23,200 | 83,87,200 |
| Retail | 15.82 | 9,23,200 | 1,46,09,600 |
| Total | 12.98 | 18,46,400 | 2,39,58,400 |
Total Application : 4,851
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to LM and commission (including selling commission, brokerage and underwriting commission) | 3.25 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Issue and bidding/uploading charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 0.01 |
| 3 | Fees payable to the Registrar to the Issue | 0.01 |
| 4 | Listing fees, BSE processing fees and other regulatory expenses | 0.05 |
| 5 | Printing and stationery expenses | 0.03 |
| 6 | Advertising and marketing expenses | 0.25 |
| 7 | Fees payable to legal counsel | 0.10 |
| 8 | Miscellaneous (including fees payable to auditors, consultants, market research firms and other professional agencies) | 0.15 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹86.00 |
| Open | ₹87.00 |
| Low | ₹86.10 |
| High | ₹91.35 |
| Last Trade | ₹91.35 |
Lead Manager Reports
Techknowgreen Solutions IPO is a SME IPO of 19,44,000 equity shares of the face value of ₹10 aggregating up to ₹17 Crores. The issue is priced at ₹86 per share. The minimum order quantity is 1600.
The IPO opens on Mon, Sep 18, 2023, and closes on Thu, Sep 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 Mon, Sep 18, 2023 and closes on Thu, Sep 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 Thu, Sep 28, 2023. Check the Techknowgreen Solutions IPO allotment status.
The Techknowgreen Solutions IPO listing date is on Wed, Sep 27, 2023.
