Techknowgreen Solutions IPO Details: The scheduled date for Techknowgreen Solutions IPO has been confirmed. The IPO is set to enter the market on September 18th and conclude on September 21st. The company aims to gather approximately ₹16.72 crores through this IPO. This sum includes a fresh issue of ₹16.72 crores via 19,44,000 shares, each valued at ₹10. The retail quota is 50% and HNI is 50%.
What is Techknowgreen Solutions IPO?
Techknowgreen Solutions Limited (TSL) is an environmental compliance and consulting company headquartered in Pune, India. It has filed a Draft Prospectus with the SME Platform of BSE Limited (BSE SME) for its Initial Public Offering (IPO). The IPO is seeking to raise ₹16.72 crore (US$2.2 million) through the issuance of 19.2 lakh (1.92 million) equity shares at a price of ₹86 per share.
The IPO proceeds will be used to fund the company’s strategic growth initiatives, including:
- Investment in research and development
- Investment in infrastructure facility
- Strengthening the organization’s ecosystem by hiring experienced resources
- Repayment of bank facility
- General corporate purposes
The IPO opens for subscription on September 18, 2023 and closes on September 21, 2023. The shares are likely to be listed on the BSE SME Platform on September 28, 2023.
Techknowgreen Solutions is a well-established company with a strong track record of growth. It has a team of experienced professionals with a deep understanding of the environmental compliance and consulting industry. The company is well-positioned to capitalize on the growing demand for environmental services in India.
The IPO is a good opportunity for investors to participate in the growth of Techknowgreen Solutions. The company has a strong business model and a bright future. The IPO is likely to be well-received by investors.
Here are some of the key highlights of the Techknowgreen Solutions IPO:
- Issue size: ₹16.72 crore (US$2.2 million)
- Number of shares: 19.2 lakh (1.92 million)
- Issue price: ₹86 per share
- Listing date: September 28, 2023
- BSE SME Platform
If you are interested in investing in the Techknowgreen Solutions IPO, you can do so through a stockbroker. The IPO is open for subscription from September 18 to September 21, 2023.
Objectives of Techknowgreen Solutions IPO
The objectives of the Techknowgreen Solutions IPO are to:
- Invest in research and development. The company plans to invest in research and development to develop new environmental technologies and solutions. This will help the company to stay ahead of the curve and meet the growing demand for environmental services.
- Invest in infrastructure. The company plans to invest in infrastructure to expand its operations and improve its service delivery. This includes investing in new office space, equipment, and software.
- Strengthen the organization’s ecosystem. The company plans to strengthen its organization’s ecosystem by hiring experienced resources and building partnerships with other organizations. This will help the company to deliver better services to its clients.
- Repay bank facilities. The company plans to use a portion of the IPO proceeds to repay its bank facilities. This will improve the company’s financial health and make it more sustainable in the long term.
- General corporate purposes. The company plans to use the remaining IPO proceeds for general corporate purposes, such as marketing and advertising. This will help the company to raise awareness of its services and attract new clients.
Overall, the objectives of the Techknowgreen Solutions IPO are to fund the company’s growth and expansion, and to make it a more sustainable and successful business.
Techknowgreen Solutions IPO Date & Price Band Details
| IPO Open: | September 18, 2023 |
| IPO Close: | September 21, 2023 |
| IPO Size: | Approx ₹16.72 Crores, 1,944,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹86 Per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 50% of the net offer |
| QIB Quota: | [.]% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Techknowgreen Solutions IPO Market Lot
The Techknowgreen Solutions IPO minimum market lot is 1600 shares with a ₹137,600 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1600 | ₹137,600 |
| Retail Maximum | 1 | 1600 | ₹144,000 |
| S-HNI Minimum | 2 | 3200 | ₹275,200 |
Techknowgreen Solutions IPO Dates
The Techknowgreen Solutions IPO date is September 18 and the IPO close date is September 21. The IPO allotment date is September 26 and the IPO might list on September 29.
| IPO Open Date: | September 18, 2023 |
| IPO Close Date: | September 21, 2023 |
| Basis of Allotment: | September 26, 2023 |
| Refunds: | September 27, 2023 |
| Credit to Demat Account: | September 28, 2023 |
| IPO Listing Date: | September 29, 2023 |
You can check this IPO calendar to have latest update on your mobile. Add this calendar to your mobile and get daily updates on the current and upcoming IPO.
Techknowgreen Solutions IPO Subscription Status
For the latest update on the Techknowgreen Solutions IPO, you can check this dedicated page for IPO subscription status.
Techknowgreen Solutions IPO Allotment Status
For the latest update on the Techknowgreen Solutions IPO, you can check this dedicated page for IPO allotment status.
Techknowgreen Solutions IPO Forms
For IPO form for the Techknowgreen Solutions IPO, you can check this dedicated page for IPO Forms.
Techknowgreen Solutions Company Financials
Techknowgreen Solutions Limited is a newly incorporated company, so its financials are not yet available for public viewing. The company filed its Draft Prospectus with the SME Platform of BSE Limited (BSE SME) on September 1, 2023, but the financial statements for the financial year ended March 31, 2023, are not yet available.
However, the company has provided some financial highlights in its Draft Prospectus. These highlights include:
- Revenue of ₹10.72 crore (US$1.4 million) in the financial year ended March 31, 2023.
- Net profit of ₹1.96 crore (US$250,000) in the financial year ended March 31, 2023.
- Positive cash flows from operations of ₹2.37 crore (US$300,000) in the financial year ended March 31, 2023.
- Total assets of ₹13.53 crore (US$1.7 million) as of March 31, 2023.
- Total liabilities of ₹10.57 crore (US$1.3 million) as of March 31, 2023.
The company has also provided a forecast of its financial performance for the financial year ending March 31, 2024. The forecast shows that the company expects to generate revenue of ₹14.50 crore (US$1.9 million), a net profit of ₹2.50 crore (US$310,000), and positive cash flows from operations of ₹3.00 crore (US$400,000).
These are just financial highlights and forecasts, and the actual financial performance of the company may vary. Investors should carefully review the company’s Draft Prospectus before investing in the IPO.
Techknowgreen Solutions IPO Pros & Cons
Here is a table of the pros and cons of the Techknowgreen Solutions IPO:
| Pros | Cons |
|---|---|
| Strong growth potential in the environmental compliance and consulting industry | Newly incorporated company with limited track record |
| Experienced management team with a deep understanding of the industry | Financials not yet available for public viewing |
| IPO proceeds will be used to fund growth and expansion | IPO is relatively small |
| Company is well-positioned to capitalize on the growing demand for environmental services | Market is competitive |
Here are some additional things to consider before investing in the Techknowgreen Solutions IPO:
- The company’s financial performance in the future may not be as good as it has been in the past.
- The company may face challenges in the competitive environmental compliance and consulting industry.
- The IPO market is volatile and the price of the shares may go down after the IPO.
Company Promoters
- Mr. Ajay Ramakant Ojha
- Mr. Prasad Rangrao Pawar
Techknowgreen Solutions IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Company Address
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
Techknowgreen Solutions IPO FAQs
Techknowgreen Solutions IPO has been confirmed. The IPO is set to enter the market on September 18th and conclude on September 21st.
The IPO will open on 18th September 2023.
The retail quota is 50% and HNI is 50%.
You can apply for the Techknowgreen Solutions IPO online through a stockbroker. There are two ways to apply for an IPO online:
ASBA (Application Supported by Blocked Amount): This is the most common way to apply for an IPO online. With ASBA, the amount you apply for will be blocked in your bank account until the IPO is allotted. If you are allotted shares, the money will be used to pay for the shares. If you are not allotted shares, the money will be released back to your account.
UPI (Unified Payments Interface): This is a newer way to apply for an IPO online. With UPI, you can use your UPI ID to pay for the shares. If you are allotted shares, the money will be deducted from your bank account. If you are not allotted shares, the money will not be deducted.
To apply for the Techknowgreen Solutions IPO online, you will need to:
Open a demat account and a trading account with a stockbroker.
Link your demat account and trading account to your bank account.
Create an IPO application form online.
Enter your details in the application form, including your PAN number, bank account details, and the number of shares you want to apply for.
Submit the application form and pay the application fee.
The application fee for the Techknowgreen Solutions IPO is ₹100 per application.
The IPO opens for subscription on September 18, 2023 and closes on September 21, 2023. The shares are likely to be listed on the BSE SME Platform on September 28, 2023.
Here are some additional things to keep in mind when applying for the Techknowgreen Solutions IPO:
The IPO is a competitive process and not all applications will be successful.
The number of shares you are allotted will depend on the demand for the IPO and the size of your application.
The shares will be allotted on a first-come, first-served basis.
You will be notified of the allotment status of your application within a few days of the closing of the IPO.