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 the Techknowgreen Solutions IPO is expected to be finalized on Tuesday, September 26, 2023. Techknowgreen Solutions IPO will list on BSE SME with tentative listing date fixed as Friday, September 29, 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.
Techknowgreen Solutions IPO Details
| IPO Date | September 18, 2023 to September 21, 2023 |
| Listing Date | [.] |
| 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 Reservation
Techknowgreen Solutions IPO a total of 1,944,000 shares are offered. RII: 923,200 (47.49%), NII: 923,200 (47.49%).
| 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 Timeline (Tentative Schedule)
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 | Friday, September 29, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 21, 2023 |
Techknowgreen Solutions IPO Lot Size
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 |
Techknowgreen Solutions IPO Promoter Holding
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% |
About Techknowgreen Solutions Limited
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:
- Consulting: This includes environmental impact assessment, sustainability reporting, and climatology; environmental compliance; environmental due diligence: site assessment phase, chemical analysis phase, and remediation, DPR and designing which includes STP, ETP., WTP, SWM, remediation, Air Pollution Control (Urban), HWM, EPR, and Renewables; Training and sensitization; and Environment crime investigation.
- Infor Tech: This includes wastewater management: STP, ETP, Zero Liquid discharge (ZLD); Air quality: developed products such as YUKA Yantra for indoor Air and virtual chimney for ambient Air purification; Solid Waste: BIOGAS, organic composter; Remediation: Soil, decontamination, hazardous waste. Information Technology: Software development, KYC (Know your compliance), Intelligent decision support system (IDSS); Applications: ROCO footprint, E-catalyst, and mass plantation applications for MPCB; and IoT: data communication interface for applications and software.
- Research Policy and Engineering: This includes Carbon capture, storage, and utilization (CCUS), modeling Blue Carbon, Carbon sink, Carbon and methane – neutrality and Climate resilience, Wastewater trading, circular economic wetland technology, Advanced Oxidation process (AOP), nature-based solutions (NBS), environmental surveillance, Compliance monitoring, Big data, Cost and health benefit analysis (CBA), analysis of Alternatives, policy screening.
Techknowgreen’s clientele comes from government, semi-government organizations, MNCs, large companies, mid-size companies, and MSMEs.
Company Financials
| 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 |
Amount in ₹ Lakhs
Key Performance Indicator
Techknowgreen Solutions IPO Market Cap is Rs 63.49 Cr and P/E (x) is 9.71.
| KPI | Values |
|---|---|
| P/E (x) | 9.71 |
| Post P/E (x) | 14.08 |
| Market Cap (₹ Cr.) | 63.49 |
| ROE | 88.57% |
| ROCE | 98.74% |
| Debt/Equity | 0.45 |
| EPS (Rs) | 8.86 |
| RoNW | 71.24% |
Check Techknowgreen Solutions IPO Peer Comparison here.
Objects of the Issue (Techknowgreen Solutions IPO Objectives)
The company proposes to utilize the Net Proceeds from the Fresh Issue 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.
Techknowgreen Solutions IPO Review (Apply)
[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…
Techknowgreen Solutions IPO Subscription Status (Bidding Detail)
The Techknowgreen Solutions IPO is subscribed 12.98 times on Sep 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)
Techknowgreen Solutions IPO Prospectus
Techknowgreen Solutions IPO Contact Details
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 Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html