On September 18, 2023, subscriptions for Techknowgreen Solutions IPO open, and they end on September 21, 2023. On Tuesday, September 26, 2023, the Techknowgreen Solutions IPO’s allocation is anticipated to be completed. The proposed offering date for Techknowgreen Solutions Initial Public Offering, which will list on the BSE SME, is set for Friday, September 29, 2023.
The fixed price issue for Techknowgreen Solutions is worth Rs 16.72 crores. 19.44 lakh shares are being issued totally as new shares.
The share price for Techknowgreen Solutions Limited IPO is 86. 1600 Shares are the bare minimum lot size for an application. Retail investors are required to make an investment of at least 137,600. For HNI, 2 lots (3,200 shares), or a minimum investment of 275,200, are the required minimum lot size.
The Techknowgreen Solutions IPO’s book-running lead manager is Indorient Financial Services Ltd, and the issue’s registrar is Bigshare Services Pvt Ltd. Alacrity Securities is the market maker for the IPO of Techknowgreen Solutions.
Techknowgreen Solutions IPO Overview
| Techknowgreen Solutions Limited Company Overview | |
|---|---|
| Company Name | Techknowgreen Solutions |
| IPO Opening Date | 18 September, 2023 |
| IPO Closing Date | 21 September, 2023 |
| Face Value | Rupees 10 Per Share |
| Share Price Range | 86 Rs Per Share |
| Lot Size | 1600 Shares |
| Total IPO Issue Size | 1,944,000 Shares |
| Fresh Issue Size | 1,944,000 Shares |
| IPO Listing At | BSE SME |
| Share Holding Pre Issue | 5,438,730 |
| Share Holding Post Issue | 7,382,730 |
Techknowgreen Solutions IPO Lot Size
| IPO Lot Size | |
|---|---|
| Minimum Retail Applications | 01 Lot |
| Maximum Retail Applications | 01 Lot |
| Minimum HNI Applications | 02 Lots |
| Total Shares In Single Lot | 1600 |
| Amount For Single Lot | 1137,600 |
Techknowgreen Solutions IPO Time Table (Tentative)
| IPO Time Table Complete Details | |
|---|---|
| IPO Initiation Date | 18 September, 2023 |
| IPO Ending Date | 21 September, 2023 |
| Basis Of Allotment | 26 September, 2023 |
| Initiation Of Refund | 27 September, 2023 |
| Shares Credit To Demat Account | 28 September, 2023 |
| Date Of Listing | 29 September, 2023 |
| Cut Off Time For UPI Mandate Confirmation | 21 September, 2023 (5 PM) |
Techknowgreen Solutions IPO Reservation Details
| IPO Reservation Overview | |
|---|---|
| Shares Offered To Retailers | 50% Of Net Offer |
| Shares Offered To HNI | 50% Of Net Offer |
Techknowgreen Solutions Company Financials
| Techknowgreen Solutions Company Financials Information | |
|---|---|
| This Data Is Of | 31 March, 2023 |
| Total Revenue | 1,486.28 |
| Assets | 1,237.25 |
| Profit After Tax | 451.38 |
| Net Worth | 633.63 |
| Reserves And Surplus | 124.00 |
| Debt | 287.40 |
Is Techknowgreen Solutions IPO Good Or Bad To Buy?
The business provides consulting and related services pertaining to environmental challenges. For the given periods, it showed an increase in both its top and bottom lines. The performance in FY23 is a result of the transition away from servicing operations and toward consulting activity.
The exceptional FY23 results are the basis for the IPO’s complete pricing. This first-runner company is the sector that has promising future potential, so investors may lodge assets there for the medium- to long-term benefits.
What Is The Objective Of Techknowgreen Solutions IPO Issue?
There are six main points or objectives for Techknowgreen solutions limited IPO :-
- The acquisition of equipment to assist research and development (or “R&D”) projects as well as the hire of qualified R&D personnel.
- Expansion of our service teams for execution and support, including the appointment of personnel with experience in environmental consulting.
- Payment of back loans from the bank.
- Purchase of office space.
- Renovation of a new office space and acquisition of office supplies.
- Broader corporate objectives.
How To Apply For Techknowgreen Solutions IPO?
By using your broker, you can apply to Techknowgreen Solutions by following the instructions below:-
- Open a Demat account and log in.
- Select the Initial Public Offerings (IPO) section.
- Select IPOs That Are Open Right Now.
- Tap Master Components now.
- Fill out the form, then submit it.
People Also Search For This IPO Review : Master Components IPO Details, Price, Date, GMP, Review