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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 ₹61.00 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). The minimum lot size investment for 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 Date | June 16, 2021 to June 22, 2021 |
| Listing Date | June 30, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹61 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 6,64,000 shares (aggregating up to ₹4.05 Cr) |
| Reserved for Market Maker | 40,000 shares Aryaman Capital Markets Ltd. (aggregating up to ₹0.2440 Cr) |
| Net Offered to Public | 6,24,000 shares (aggregating up to ₹3.81 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 10,00,000 shares |
| Share Holding Post Issue | 16,64,000 shares |
Times Green Energy IPO offers total 6,64,000 shares. Out of which 3,12,000 (46.99%) allocated to NII, 3,12,000 (46.99%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 40,000 (6.02%) |
| NII (HNI) Shares Offered | 3,12,000 (46.99%) |
| Retail Shares Offered | 3,12,000 (46.99%) |
| Total Shares Offered | 6,64,000 (100.00%) |
Times Green Energy IPO opens on June 16, 2021, and closes on June 22, 2021.
| IPO Open Date | Wed, Jun 16, 2021 |
| IPO Close Date | Tue, Jun 22, 2021 |
| Tentative Allotment | Fri, Jun 25, 2021 |
| Initiation of Refunds | Mon, Jun 28, 2021 |
| Credit of Shares to Demat | Tue, Jun 29, 2021 |
| Tentative Listing Date | Wed, Jun 30, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Jun 22, 2021 |
Investors can bid for a minimum of 2,000 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 | 2,000 | ₹1,22,000 |
| Retail (Max) | 1 | 2,000 | ₹1,22,000 |
| HNI (Min) | 2 | 4,000 | ₹2,44,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
| Particulars | For the year/period ended (₹ in lakhs) | ||||
|---|---|---|---|---|---|
| 30-June-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 452.64 | 371.95 | 242.08 | 392.00 | |
| Total Revenue | 122.00 | 1,514.72 | 1,515.51 | 2,019.09 | |
| Profit After Tax | 4.24 | 12.34 | 9.77 | 8.04 | |
The Company Times Green Energy IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[Dilip Davda] The financial data of the company is non-encouraging, though it has a novel concept. Considering the tiny equity level, it will take a long time to migrate to the main board. The issue pricing is exorbitant based on financial parameters. There is no harm in giving this issue a “MISSâ€Â. Read detail review...
| Listing Date | June 30, 2021 |
| BSE Script Code | 543310 |
| NSE Symbol | |
| ISIN | INE0B6101012 |
| Final Issue Price | ₹61 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹61.00 |
| Open | ₹61.40 |
| Low | ₹61.00 |
| High | ₹64.45 |
| Last Trade | ₹61.60 |
Times Green Energy (India) Ltd.
Flat No. 602, Druva Thara Apartments,
Medinova Complex,
Somajiguda,
Hyderabad, Telangana, 500082
Phone: 7702632033
Email: info@timesgreenenergy.com
Website: http://www.timesgreenenergy.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Times Green Energy IPO is a SME IPO of 6,64,000 equity shares of the face value of ₹10 aggregating up to ₹4.05 Crores. The issue is priced at ₹61 per share. The minimum order quantity is 2000.
The IPO opens on June 16, 2021, and closes on June 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 June 16, 2021 and closes on June 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 Tuesday, June 29, 2021. Check the Times Green Energy IPO allotment status.
The Times Green Energy IPO listing date is on Wednesday, June 30, 2021.
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