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Techknowgreen Solutions Limited IPO Detail

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:

  1. 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.
  2. 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.
  3. 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 DateSep 18, 2023
IPO Closing DateSep 21, 2023
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price ₹86 per equity share
Market Lot1600 Shares
Min Order Quantity1600 Shares
Listing AtBSE SME
Issue Size₹16.72 Cr
Fresh Issue1,944,000 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 DateSep 18, 2023
IPO Close DateSep 21, 2023
Basis of Allotment DateSep 26, 2023
Initiation of RefundsSep 27, 2023
Credit of Shares to Demat AccountSep 28, 2023
IPO Listing DateSep 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).

ApplicationLotsSharesAmount (Cut-off)
Minimum11600₹137600
Maximum11600₹137600

IPO Promoter Holding

Pre Issue Share Holding89.02%
Post Issue Share Holding65.58%

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:

  1. 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.
  2. Investment in office Premises.
  3. Refurbishment of new office premises and purchase of office equipment.
  4. Expansion of our execution and support service teams including hiring of resources with expertise in environmental consulting.
  5. Repayment of Bank facilities.
  6. 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