Techknowgreen Solutions Limited IPO Detail
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 Promoters
Mr. Ajay Ramakant Ojha and Mr. Prasad Rangrao Pawar are the company's promoters.IPO Details
IPO Opening Date | Sep 18, 2023 |
IPO Closing Date | Sep 21, 2023 |
Issue Type | Fixed Price Issue IPO |
Face Value | ₹10 per equity share |
IPO Price | ₹86 per equity share |
Market Lot | 1600 Shares |
Min Order Quantity | 1600 Shares |
Listing At | BSE SME |
Issue Size | ₹16.72 Cr |
Fresh Issue | 1,944,000 shares (aggregating up to ₹16.72 Cr) |
Offer for Sale | - |
Retail Portion | 50% |
IPO Subscription (Bidding Detail)
AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
---|---|---|---|---|---|---|
Day 1 | - | - | 0.43x | 1.27x | 0.85x | |
Day 2 | - | - | 1.77x | 5.46x | 3.61x | |
Day 3 | - | - | 9.08x | 15.80x | 12.96x |
IPO Tentative Timetable
The Techknowgreen Solutions Limited IPO open date is Sep 18, 2023, and the close date is Sep 21, 2023. The issue may list on Sep 29, 2023.
IPO Open Date | Sep 18, 2023 |
IPO Close Date | Sep 21, 2023 |
Basis of Allotment Date | Sep 26, 2023 |
Initiation of Refunds | Sep 27, 2023 |
Credit of Shares to Demat Account | Sep 28, 2023 |
IPO Listing Date | Sep 29, 2023 |
IPO Lot Size
The Techknowgreen Solutions Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹137600).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 1600 | ₹137600 |
Maximum | 1 | 1600 | ₹137600 |
IPO Promoter Holding
Pre Issue Share Holding | 89.02% |
Post Issue Share Holding | 65.58% |
Company Financials:
For the year/period ended (₹ in Lakhs)
Financial Year | Total Assets | Total Revenue | Profit After Tax |
---|---|---|---|
31-Mar-22 | 953.94 | 999.09 | 108.18 |
31-Mar-23 | 1237.25 | 1486.28 | 451.38 |
Objects of the Issue:
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 Limited IPO Registrar:
Bigshare Services Pvt Ltd
Techknowgreen Solutions Limited IPO Lead Manager(s):
Indorient Financial Services Ltd
Company Contact Information:
Techknowgreen Solutions Limited
Flat-202, Hem Opal Apartment, Plot No. 26, Ekta Park Society, Wakdewadi
Pune
Pune