Techknowgreen Solutions Limited IPO is set to launch on 18 September, 2023. The company initiated its business operations in the year 2001. It gives consulting services related to the environment. It provides environment IT solutions through various compliance solutions and software applications. The business of the company is divided into 3 verticals namely consulting, research policy and engineering and Infor tech. The major clients of the company are government organisations, MNCs, semi government organisations, midsize and large companies etc.
Techknowgreen Solutions Limited IPO DETAILS
Techknowgreen Solutions Limited IPO is set to launch on 18 September, 2023. The subscription timeline extends till 21 September, 2023. The size for the IPO is 23.80 Crore Rs. Shares issued through fresh issue mode are worth 16.72 Crore Rs. No shares are issued through offer for sale mode. The lot size is 1600 shares and the price is 86 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Fixed Price Issue. The registrar for the company is Bigshare Services Private Limited.
Tabular Description of Techknowgreen Solutions Limited IPO
| IPO OPENING DATE | 18 September, 2023 |
| CLOSING DATE FOR IPO | 21 September, 2023 |
| ISSUE TYPE | Fixed Price Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 86 Rs per share |
| LOT SIZE | 1600 shares |
| MINIMUM ORDER QUANTITY | 1600 shares |
| ISSUE SIZE | 16.72 Crore Rs. |
| OFFER FOR SALE | No shares are issued through offer for sale mode |
| FRESH ISSUE | 16.72 Crore Rs. |
| LISTING AT | NSE SME |
| LISTING DATE | 28 September, 2023 |
Techknowgreen Solutions Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 18 September, 2023 |
| CLOSING DATE FOR IPO | 21 September, 2023 |
| IPO ALLOTMENT DATE | 26 September, 2023 |
| REFUNDS | 27 September, 2023 |
| DEMAT A/C CREDITED ON | 28 September, 2023 |
| IPO LISTING DATE | 29 September, 2023 |
Techknowgreen Solutions Limited IPO begins for subscription from 18 September, 2023. The IPO subscription would continue till 21 September, 2023. The allotment status for the shareholders who applied would come on 26 September, 2023. The refunds for the ones who did not get allotment would be initiated on 27 September, 2023. The DEMAT accounts of shareholders would be credited on 28 September, 2023. The listing of the company would be completed on 29 September, 2023.
Techknowgreen Solutions Limited IPO : Lead Managers
The lead managers are :
- Indorient Financial Services Limited
The minimum lot size for the company is decided at 1600 shares. This holding accounts to 137600 Rs.. The maximum lot size is decided at 3200 shares (HNI). This amounts to 272500 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 1600 shares | 137600 Rs. |
| Maximum | 3200 shares | 272500 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
- The funds will also be used for expansion purposes.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2020-21 | 2021-22 | 2022-23 |
| ASSETS | 1181 | 953 | 1237 |
| Revenue | 785 | 999 | 1486 |
| PAT | 37 | 108 | 451 |
Techknowgreen Solutions Limited had an asset base of 1181 Lakh Rs in the year 2021. This decreased to 953 Lakh Rs in the year 2022. However in the next year it increased to 1237 Lakh Rs. This signifies that the asset base of the company is not constant over the past 3 years. The revenue of the firm was 785 lakh Rs in the year 2021 which increased to 999 Lakh rs in the year 2022 and 1486 Lakh Rs in the year 2023. The revenue of the firm has been increased constantly despite the inconsistency in the asset base of the frim. The profit of the firm was recorded at 37 Lakh Rs in the year 2021 which increased to 108 lakh Rs in the year 2022 and 451 Lakh Rs in the year 2023.
PROS
- The company provides environment IT solutions through various compliance solutions and software applications.
- The business of the company is divided into 3 verticals namely consulting, research policy and engineering and Infor tech.
- Major clients of the company are government organisations, MNCs, semi government organisations, midsize and large companies etc.
CONS
- The company works in a highly competitive segment.
Techknowgreen Solutions Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Techknowgreen Solutions Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
