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Techknowgreen Solutions IPO is a fixed price issue of Rs 16.72 crores. The issue is entirely a fresh issue of 19.44 lakh shares.
Techknowgreen Solutions IPO bidding started from September 18, 2023 and ended on September 21, 2023. The allotment for Techknowgreen Solutions IPO was finalized on Tuesday, September 26, 2023. The shares got listed on BSE SME on September 27, 2023.
Techknowgreen Solutions IPO price is ₹86 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹137,600. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹275,200.
Indorient Financial Services Ltd is the book running lead manager of the Techknowgreen Solutions IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Techknowgreen Solutions IPO is Alacrity Securities.
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 |
| Price | ₹86 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 1,944,000 shares (aggregating up to ₹16.72 Cr) |
| Fresh Issue | 1,944,000 shares (aggregating up to ₹16.72 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 5,438,730 |
| Share holding post issue | 7,382,730 |
| Market Maker portion | 97,600 shares Alacrity Securities |
Techknowgreen Solutions IPO offers 1,944,000 shares. 923,200 (47.49%) to NII, 923,200 (47.49%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 97,600 (5.02%) |
| Other Shares Offered | 923,200 (47.49%) |
| Retail Shares Offered | 923,200 (47.49%) |
| Total Shares Offered | 1,944,000 (100%) |
Techknowgreen Solutions IPO opens on September 18, 2023, and closes on September 21, 2023.
| IPO Open Date | Monday, September 18, 2023 |
| IPO Close Date | Thursday, September 21, 2023 |
| Basis of Allotment | Tuesday, September 26, 2023 |
| Initiation of Refunds | Wednesday, September 27, 2023 |
| Credit of Shares to Demat | Thursday, September 28, 2023 |
| Listing Date | Wednesday, September 27, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 21, 2023 |
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹137,600 |
| Retail (Max) | 1 | 1600 | ₹137,600 |
| HNI (Min) | 2 | 3,200 | ₹275,200 |
| Lot Size Calculator | |||
Mr. Ajay Ramakant Ojha and Mr. Prasad Rangrao Pawar are the company's promoters.
| Share Holding Pre Issue | 89.02% |
| Share Holding Post Issue | 65.58% |
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 |
| Revenue | 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 Rs 63.49 Cr.
| KPI | Values |
|---|---|
| ROE | 88.57% |
| ROCE | 98.74% |
| Debt/Equity | 0.45 |
| RoNW | 71.24% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.86 | |
| P/E (x) | 9.71 | 14.08 |
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...
The Techknowgreen Solutions IPO is subscribed 12.98 times on September 21, 2023 7:02:00 PM. 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) |
|---|---|
| Other | 9.08 |
| Retail | 15.82 |
| Total | 12.98 |
Total Application : 4,851 (8.41 times)
| Listing Date | September 27, 2023 |
| BSE Script Code | 543991 |
| NSE Symbol | |
| ISIN | INE0P4P01011 |
| Final Issue Price | ₹86 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹86.00 |
| ₹87.00 |
| ₹86.10 |
| ₹91.35 |
| ₹91.35 |
Techknowgreen Solutions Limited
Flat-202, Hem Opal Apartment,
Plot No. 26, Ekta Park Society,
Wakdewadi Pune - 411003
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
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Techknowgreen Solutions IPO is a SME IPO of 1,944,000 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 Shares.
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 Shares, and the minimum amount required is ₹137,600.
You can apply in Techknowgreen Solutions IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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.
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