Techknowgreen Solutions IPO will open for subscription from 18 September 2023. The company aims for an issue size of ₹16.72 Cr through this IPO.
Company Overview
| Full name | Techknowgreen Solutions Limited |
| Sector | Consultancy |
| Industry | Consultancy |
| Company Website | http://www.techknowgreen.com/ |
About Company
Techknowgreen Solutions is an environmental consulting company with 20+ years of experience, headquartered in Pune, India. Its key offerings include Consulting, Execution, and Research in Regulatory, Sustainability, and Technology domains. It is one of the first companies in India to provide environmental IT solutions through cutting-edge software applications and compliance solutions.
The company has diverse experience in handling complex projects across various industries like infrastructure, chemical, automobile, healthcare, manufacturing, real estate, and national/state governments. Our client base includes government, semi-government organizations, MNCs, large companies, mid-size companies, and MSMEs.
The Objectives of the Issue
- 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.
IPO Timetable
| IPO Opening date | 18 September 2023 |
| IPO Closing | 21 September 2023 |
| Basis of Allotment | 26 September 2023 |
| Initiation Refund | 27 September 2023 |
| Credit to Demat Account | 28 September 2023 |
| Listing Date | 29 September 2023 |
IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹16.72 Cr – 1,944,000 shares |
| Fresh Issue | ₹16.72 Cr – 1,944,000 shares |
| Offer for sale | – |
| Face value | ₹10 per share |
| Offer Price | ₹86 per share |
| Lot size | 1600 Shares |
| Market Maker portion | 97,600 shares |
| Shareholding pre-issue | 5,438,730 |
| Shareholding post-issue | 7,382,730 |
| Listing Exchange | BSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹137,600 |
| Retail (Max) | 1 | 1600 | ₹137,600 |
| HNI (Min) | 2 | 3,200 | ₹275,200 |
Reservation Details
| 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%) |
Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 7.81 | 9.87 | 14.84 |
| Expenses | 7.34 | 8.48 | 8.62 |
| Net income | 0.37 | 1.08 | 4.51 |
Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.73 | 2.12 | 8.86 |
| PE ratio | – | – | 9.71 |
| RONW (%) | 12.54 | 30.40 | 71.40 |
| NAV | 5.82 | 6.98 | 12.43 |
| ROCE (%) | 15.0 | 26.0 | 99.0 |
| EBITDA (%) | 14.98 | 20.77 | 44.07 |
| Debt/Equity | 0.73 | 0.39 | 0.45 |
Company Promoters
- Mr. Ajay Ramakant Ojha
- Mr. Prasad Rangrao Pawar
Promoter Holding
| Share Holding Pre-Issue | 89.02% |
| Share Holding Post-Issue | 65.58% |
Lead Manager(s)
INDORIENT FINANCIAL SERVICES LIMITED
A/501, Rustomjee Central Park, Executive Spaces,
Andheri Kurla Road, Chakala, Mumbai – 400093, Maharashtra
Phone: +91 79772 12186
Email: compliance-ifsl@indorient.in
Website: www.indorient.in
IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Contact Details
TECHKNOWGREEN SOLUTIONS LIMITED
Flat-202, Hem Opal Apartment, Plot No. 26,
Ekta Park Society, Wakdewadi Pune – 411003, Maharashtra
Phone: +91 9607002553
E-mail: cs@techknowgreen.com
Website: www.techknowgreen.com
Allotment Status
Techknowgreen Solutions IPO allotment statuswill be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
Techknowgreen Solutions IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
