Times Green Energy (India) Ltd IPO Detail
Incorporated in 2010, Times Green Energy (India) Limited is engaged in the farming and selling activities of agriculture produce and trading of natural organic products, bioproducts, and pesticides. The company operates in two business segments; Agro-Business (distribution of agro products and agrochemicals including organic bio-products) and Women Hygiene and Safety (distribution of Sanitary Napkins).
Recently, in Sep 2020, it has launched an app, Bharatbazaar (Kisaan to Kitchen) to sell 1000+ products including cooking essentials, dairy products, branded foods, and sanitary napkins in and around Hyderabad.
Competitive strengths
- Strong distribution network in Southern India.
- Large product portfolio.
- Experienced management team.
Company Promoters
Mrs. Dinne Lakshmi Jumaal and Mrs. Kanpuarthi Vani are the company promoters.IPO Details
| IPO Opening Date | Jun 16, 2021 |
| IPO Closing Date | Jun 22, 2021 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹61 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹4.05 Cr |
| Fresh Issue | - |
| Offer for Sale | - |
| Retail Portion | - |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | x | x | x |
IPO Tentative Timetable
The Times Green Energy (India) Ltd IPO open date is Jun 16, 2021, and the close date is Jun 22, 2021. The issue may list on Jun 30, 2021.
| IPO Open Date | Jun 16, 2021 |
| IPO Close Date | Jun 22, 2021 |
| Basis of Allotment Date | Jun 25, 2021 |
| Initiation of Refunds | Jun 28, 2021 |
| Credit of Shares to Demat Account | Jun 29, 2021 |
| IPO Listing Date | Jun 30, 2021 |
IPO Lot Size
The Times Green Energy (India) Ltd IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹122000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹122000 |
| Maximum | 1 | 2000 | ₹122000 |
IPO Promoter Holding
| Pre Issue Share Holding | 79.20% |
| Post Issue Share Holding | 47.60% |
Company Financials:
For the year/period ended (₹ in Crs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 30-Jun-20 | 452.64 | 122.00 | 4.24 |
| 31-Mar-20 | 371.95 | 1,514.72 | 12.34 |
| 31-Mar-19 | 242.08 | 1,515.51 | 9.77 |
| 31-Mar-18 | 392.00 | 2,019.09 | 8.04 |
Objects of the Issue:
The Net IPO proceeds will be utilized for the following objectives;
- To finance working capital requirements.
- To finance purchase and set-up of registered office.
- To finance purchase of vehicles and ERP packages.
- To finance setting up of Sanitary Napkin SBUs.
- To meet general corporate purposes.
