Techknowgreen Solutions IPO GMP, Price, Dates & Allotment Details 2023
Introduction
The Techknowgreen Solutions IPO will open on September 18 and close on September 21, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 16.72 crore through this public offering, consisting of 19.44 lakh shares with a face value of ₹ 10 each, which will be issued at a price of ₹ 86 per share.
Techknowgreen Solutions Limited (“the Company”)
Techknowgreen Solutions Limited was incorporated on January 2, 2023. This is an environmental consulting company with 20+ years of experience, headquartered in Pune, India. Its key offerings include
- Consulting, Regulatory, Sustainability,
- Technology: Execution | Info Tech
- Research, Policy, and Engineering
This is one of the first companies in India to provide environmental IT solutions through cutting-edge software applications and compliance solutions. This has diverse experience in handling complex projects across various industries like infrastructure, chemicals, automobiles, healthcare, manufacturing, real estate, and national and state governments. Its client base includes the government, semi-government organizations, MNCs, large companies, mid-size companies, and MSMEs.
Company Key Metrics
| Earning Per Share (EPS) | ₹ 8.86 per Equity Share |
| Debt to Equity Ratio | 0.45 |
| ROE | 88.57% |
| ROCE | 98.74% |
| P/E (x) | 9.71 |
| Return on Net Worth (RoNW) | 71.24% |
Objects of the Issue,
The company proposes utilising the Fresh Issue’s net proceeds towards funding the following objects:
- 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.
- Investment in office Premises.
- Refurbishment of new office premises and purchase of office equipment.
- Expansion of our execution and support service teams including hiring of resources with expertise in environmental consulting.
- Repayment of Bank facilities.
- General Corporate purposes.
Financial Highlights (Restated)
| Particulars | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Net Worth | 633.63 | 355.86 | 296.43 |
| Total Assets | 1,237.25 | 953.94 | 1,181.75 |
| Reserve & Surplus | 124.00 | (153.76) | (213.20) |
| Total Borrowings | 287.40 | 285.86 | 450.71 |
| Total Revenue | 1,486.28 | 999.09 | 785.27 |
| Profit After Tax | 451.38 | 108.18 | 37.17 |
IPO details
As per the DRHP filed with SEBI, 19.44 lakh shares will be offered as a fresh issue in the BSE SME segment. The face value of the shares is ₹ 10. The market maker would receive 0.97 lakh shares of the offering. While Indorient Financial Services Ltd will be the lead manager for the IPO, Bigshare Services Pvt Ltd will be the registrar. It will be a Fixed Price Issue IPO, so the price at which the securities are offered or allotted is known in advance to the investor.
| Issue Type | Fixed Price Issue IPO |
| IPO Price | ₹ 86 per share |
| Face Value | ₹10 per share |
| Market Lot | 1,600 shares |
| Issue Size | 1,944,000 shares (aggregating up to ₹ 16.72 crores) |
| Fresh Issue | 1,944,000 shares (aggregating up to ₹ 16.72 crores) |
| Listing At | BSE SME |
Market Maker detail
| Market maker | Alacrity Securities |
| Market maker portion | 97,600 shares |
IPO Reservation
| Categories | No. of shares offered |
|---|---|
| Other shares offered | 50% of the net offer |
| Retail shares offered | 50% of the net offer |
GMP: Techknowgreen Solutions IPO
GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates
The issue opens for subscription on September 18, 2023, and closes for subscription on September 21, 2023 (both days inclusive). The basis of allotment will be finalised on September 26, 2023, and the refunds will be initiated on September 27, 2023. In addition, the demat credits are expected to happen on September 28, 2023, and the stock will be listed on the BSE SME on September 29, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.
| Opening Date | September 18, 2023 |
| Closing Date | September 21, 2023 |
| Basis of Allotment | September 26, 2023 |
| Initiation of Refunds | September 27, 2023 |
| A credit of shares to Demat A/c | September 28, 2023 |
| Listing Date | September 29, 2023 |
Lot Size
The lot size of the Techknowgreen Solutions IPO is 1,600 shares. A retail-individual investor can apply for up to 1 lot, i.e. 1,600 shares of ₹ 137,600.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 1,600 | ₹ 137,600 |
| Retail (Maximum) | 1 | 1,600 | ₹ 137,600 |
| HNI (Minimum) | 2 | 3,200 | ₹ 275,200 |
Promoters Holdings
Mr. Ajay Ramakant Ojha and Mr. Prasad Rangrao Pawar are the promoters of the company.
| Pre-issue Shares Holdings | 89.02% |
| Post-issue Shares Holdings | 65.58% |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP IPO RHP |
| Company Contact Information | 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 |
| IPO Registrar | Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
| IPO Lead Manager(s) | Indorient Financial Services Ltd |
FAQs
The Techknowgreen Solutions IPO price is ₹ 86 per share.
The minimum investment size is one lot for retail investors. One lot of the Techknowgreen Solutions IPO contains 1,600 shares of ₹ 137,600.
The finalisation of the basis of allotment for the Techknowgreen Solutions IPO will be done on September 26, 2023, and the allotted shares will be credited to your demat account by September 28, 2023. Check the Techknowgreen Solutions IPO allotment status.
The Techknowgreen Solutions IPO shares listing date is September 29, 2023.
