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Times Green Energy IPO is a fixed price issue of Rs 4.05 crores.
Times Green Energy IPO bidding started from June 16, 2021 and ended on June 22, 2021. The allotment for Times Green Energy IPO was finalized on Friday, June 25, 2021. The shares got listed on BSE SME on June 30, 2021.
Times Green Energy IPO price is ₹61 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹122,000.
Aryaman Financial Services Limited is the book running lead manager of the Times Green Energy IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
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 |
| Price | ₹61 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 664,000 shares (aggregating up to ₹4.05 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 1,000,000 |
| Share holding post issue | 1,664,000 |
| Market Maker portion | 40,000 shares |
Times Green Energy IPO offers 664,000 shares. 312,000 (46.99%) to NII, 312,000 (46.99%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 40,000 (6.02%) |
| Other Shares Offered | 312,000 (46.99%) |
| Retail Shares Offered | 312,000 (46.99%) |
| Total Shares Offered | 664,000 (100%) |
Times Green Energy IPO opens on June 16, 2021, and closes on June 22, 2021.
| IPO Open Date | Wednesday, June 16, 2021 |
| IPO Close Date | Tuesday, June 22, 2021 |
| Basis of Allotment | Friday, June 25, 2021 |
| Initiation of Refunds | Monday, June 28, 2021 |
| Credit of Shares to Demat | Tuesday, June 29, 2021 |
| Listing Date | Wednesday, June 30, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 22, 2021 |
Investors can bid for a minimum of 2000 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 | 2000 | ₹122,000 |
| Retail (Max) | 1 | 2000 | ₹122,000 |
| Lot Size Calculator | |||
Mrs. Dinne Lakshmi Jumaal and Mrs. Kanpuarthi Vani are the company promoters.
| Share Holding Pre Issue | 79.20% |
| Share Holding Post Issue | 47.60% |
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 Net IPO proceeds will be utilized for the following objectives;
[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...
The Times Green Energy IPO is subscribed 2.94 times on June 22, 2021 6:49:00 AM. 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) |
|---|---|
| Other | 0.83 |
| Retail | 5.05 |
| Total | 2.94 |
| Listing Date | June 30, 2021 |
| BSE Script Code | 543310 |
| NSE Symbol | |
| ISIN | INE0B6101012 |
| Final Issue Price | ₹61 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹61.00 |
| ₹61.40 |
| ₹61.00 |
| ₹64.45 |
| ₹61.60 |
Times Green Energy (India) Ltd
Flat No. 602, Druva Thara Apartments,
Medinova Complex, Somajiguda Hyderabad - 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
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Check our SME IPO Guide 
Times Green Energy IPO is a SME IPO of 664,000 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 Shares.
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 Shares, and the minimum amount required is ₹122,000.
You can apply in Times Green Energy 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 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.
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