Fixed Price IPO | ₹4 Cr | Listed at BSE SME | Wed, Jun 16, 2021 - Tue, Jun 22, 2021
Times Green Energy IPO is a fixed price issue of ₹4.05 crores. The issue is entirely a fresh issue of 0.07 crore shares of ₹4.05 crore.
Times Green Energy IPO bidding started from Jun 16, 2021 and ended on Jun 22, 2021. The allotment for Times Green Energy IPO was finalized on Jun 25, 2021. The shares got listed on BSE SME on Jun 30, 2021.
Times Green Energy IPO price is ₹61 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,22,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,44,000.
Aryaman 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 Aryaman Capital Markets Ltd..
Refer to Times Green Energy IPO RHP for detailed Information.
IPO Open
Wed, Jun 16, 2021
IPO Close
Tue, Jun 22, 2021
Issue Price
₹61 per share
Market Cap (Pre-IPO)
₹10.15 Cr
| IPO Date | 16 to 22 Jun, 2021 |
| Listed on | Wed, Jun 30, 2021 |
| Face Value | ₹10 per share |
| Issue Price | ₹61 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 6,64,000 shares (agg. up to ₹4 Cr) |
| Reserved for Market Maker | 40,000 shares Aryaman Capital Markets Ltd. (agg. up to ₹0.2440 Cr) |
| Fresh Issue (Ex Market Maker) | 6,24,000 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 6,24,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 10,00,000 shares |
| Share Holding Post Issue | 16,64,000 shares |
| BSE Script Code | 543310 |
| ISIN | INE0B6101012 |
Times Green Energy IPO comprises a total issue size of 6,64,000 shares. The net offer to the public is 6,24,000 shares, after excluding 40,000 shares allotted on a firm basis. Of the Net offer 3,12,000 (50.00%) allocated to NII 3,12,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 3,12,000 | 50.00% | 46.99% |
| Retail Shares Offered | 3,12,000 | 50.00% | 46.99% |
| Firm Reservations | |||
| Market Maker Shares Offered | 40,000 | 6.02% | |
| Total Shares Offered | 6,64,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,22,000 |
| Retail (Max) | 1 | 2,000 | ₹1,22,000 |
| HNI (Min) | 2 | 4,000 | ₹2,44,000 |
Incorporated in 2010, Times Green Energy (India) Limited is engaged in the farming and selling activities of agriculture produce and trading of natural organic products, bioproducts, and pesticides. The company operates in two business segments; Agro-Business (distribution of agro products and agrochemicals including organic bio-products) and Women Hygiene and Safety (distribution of Sanitary Napkins).
Recently, in Sep 2020, it has launched an app, Bharatbazaar (Kisaan to Kitchen) to sell 1000+ products including cooking essentials, dairy products, branded foods, and sanitary napkins in and around Hyderabad.
Competitive strengths
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Working Capital Requirement | 0.54 |
| 2 | Funding Purchase and Set-up of Registered Office | 1.19 |
| 3 | Funding Purchase of Vehicle and ERP Package | 0.53 |
| 4 | Funding Setting up of Sanitary Napkin SBUs | 0.60 |
| 5 | To fund expenditure for General Corporate Purposes | 0.82 |
The Times Green Energy IPO is subscribed 2.94 times on June 22, 2021 6:49:00 AM (Day 5). The public issue subscribed 5.05 times in the retail category, [.] times in the QIB category, and 0.83 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 0.83 | 3,12,000 | 2,58,000 |
| Retail | 5.05 | 3,12,000 | 15,76,000 |
| Total | 2.94 | 6,24,000 | 18,34,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including underwriting fees and fees / payment to otherintermediaries such as Legal Advisors, Registrars and other out of pocket expenses. | 0.29 |
| 2 | Brokerage and selling commission | 0.00 |
| 3 | dvertisement, Printing & Stationery, Marketing Expenses, etc. | 0.03 |
| 4 | Stock Exchange Fees, Regulatory and other Expenses | 0.04 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹61.00 |
| Open | ₹61.40 |
| Low | ₹61.00 |
| High | ₹64.45 |
| Last Trade | ₹61.60 |
Lead Manager Reports
Times Green Energy IPO is a SME IPO of 6,64,000 equity shares of the face value of ₹10 aggregating up to ₹4 Crores. The issue is priced at ₹61 per share. The minimum order quantity is 2000.
The IPO opens on Wed, Jun 16, 2021, and closes on Tue, Jun 22, 2021.
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 Times Green Energy IPO using UPI as a payment gateway. Zerodha customers can apply in Times Green Energy IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Times Green Energy IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Times Green Energy IPO opens on Wed, Jun 16, 2021 and closes on Tue, Jun 22, 2021.
Times Green Energy IPO lot size is 2000, and the minimum amount required for application is ₹1,22,000.
You can apply in Times Green Energy 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 Times Green Energy IPO will be done on Friday, June 25, 2021, and the allotted shares will be credited to your demat account by Tue, Jun 29, 2021. Check the Times Green Energy IPO allotment status.
The Times Green Energy IPO listing date is on Wed, Jun 30, 2021.
