Techknowgreen Solutions IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Sep 18, 2023Let’s have a detailed review of the company and analytics of the Techknowgreen Solutions IPO release date, IPO offer price, subscription, Techknowgreen Solutions Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 86 |
| Listing At | BSE, SME |
| Min. Order Quantity | 1600 Shares |
| Listing Date | September 29, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 1,672 Lakh |
| IPO Size | Rs 1,672 Lakh |
| Tick Size | 1 |
Techknowgreen Solutions IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Techknowgreen Solutions Share Price |
Techknowgreen Solutions IPO – Summary
They are environmental consulting company with 20+ years of experience, headquartered in Pune, India. Their key offerings include Consulting – Regulatory | Sustainability, Technology – Execution | Info Tech and Research – Policy | Engineering. They are one of the first companies in India to provide environmental IT solutions through cutting-edge software applications and compliance solutions.
They have diverse experience in handling complex projects across various industries like infrastructure, chemical, automobile, healthcare, manufacturing, real estate and national/state governments.
The Promoter of this company is Ajay Ramakant Ojha and Prasad Rangrao Pawar. The lead manager of the issue is INDORIENT FINANCIAL SERVICES LIMITED, and the Registrar of this issue is BIG SHARE SERVICES PRIVATE LIMITED.
Techknowgreen Solutions IPO Date
The opening and closing dates of Techknowgreen Solutions IPO are September 18, 2023 and September 21, 2023 respectively.
Techknowgreen Solutions IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 18th Sep | 0.43x | 1.27x | 0.85x |
| 2nd Day – 20th Sep | |||
| 3rd Day – 21st Sep | |||
| Shares Offered or Net Issue | 923,200 | 923,200 | 1,944,000 |
The shares subscribed by the public will be updated here.
Techknowgreen Solutions IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Techknowgreen Solutions Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | September 26, 2023 |
| Refunds Initiation | September 27, 2023 |
| Credit of Shares to Demat Account | September 28, 2023 |
| Share Listing Date | September 29, 2023 |
Techknowgreen Solutions IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.86
Techknowgreen Solutions IPO Equity Size
This Initial Public Issue of 1,944,000 Equity Shares of Rs.10 each for cash at a price of Rs.86 per equity share aggregating to Rs.1,672 Lakh.
Techknowgreen Solutions IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 1,944,000 Equity Shares of Rs.10/ each.
Issue Size: 1,944,000 Equity Shares of Rs.10 each, aggregating to Rs.1,672 Lakh
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Techknowgreen Solutions IPO – Live Performance
The listing date of this IPO is September 29, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Techknowgreen Solutions Share Price |
Techknowgreen Solutions IPO Grey Market Premium
The Techknowgreen Solutions Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Techknowgreen Solutions IPO – Company Overview
Their client base includes government, semi-government organizations, MNCs, large companies, mid-size companies and MSMEs. Their Company was originally formed as a partnership firm pursuant to a deed of partnership dated April 05, 2001, in the name and style of “Techno Green Environmental Solutions”,
The firm was thereafter converted from a Partnership Firm to a Public Limited Company under Part I of Chapter XXI of the Companies Act, 2013 with the name and style of “Techknowgreen Solutions Limited” and received a Certificate of Incorporation from the Registrar of Companies,
Central Registration Centre dated January 02, 2023. Their Company is promoted by Ajay Ramakant Ojha and Prasad Rangrao Pawar who are technocrats in the environmental consulting, technology & management field with a vision to empower clients by ensuring sustainability and profitability can go hand in hand and achieve a double bottom line.
Techknowgreen Solutions IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | |||
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 1,237.25 | 953.94 | 1,181.75 |
| *Total Revenue | 1,486.28 | 999.09 | 785.27 |
| Total Expense | 861.78 | 848.12 | 734.18 |
| Profit After Tax | 173.12 | 42.80 | 13.92 |
Earnings per Equity Share (in Lakh)
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 8.86 | 2.12 | 0.73 |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 173.12 Lakh, Rs. 42.80 Lakh and Rs. 13.92 Lakh respectively.
Techknowgreen Solutions IPO – Promoters
The Promoter of this company is:
- Ajay Ramakant Ojha
- Prasad Rangrao Pawar
List of Related Parties (Key Managerial Personnel)
- Ajay Ramakant Ojha, Managing Director
- Prasad Rangrao Pawar, Executive Director & Chief Executive Officer
- Aniket Vijay Kadam, Executive Director & Chief Financial Officer
- Kuntal Jitendra Dave, Non-Executive Independent Director
Techknowgreen Solutions IPO – Promoters Holding
- Pre-Issue Share Holding – 89.02%
- Post-Issue Share Holding – 65.58%
Techknowgreen Solutions IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 19,44,000 Equity Shares aggregating up to Rs.1,671.84 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 97,600 Equity Shares aggregating up to Rs.83.94 Lakh |
| Net Issue to the Public | Up to 18,46,400 Equity Shares aggregating up to Rs.1,587.90 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 9,23,200 Equity Shares |
| Other than Retail Individual Investors | Not more than 9,23,200 Equity Shares |
| Equity Shares outstanding prior to the Issue | 54,38,730 Equity Shares |
| Equity Shares outstanding after the Issue | 73,82,730 Equity Shares |
Techknowgreen Solutions IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Investment in research and development (“R&D”) initiatives which includes hiring experienced R&D resources and purchasing equipment to support R&D initiatives
- Investment in office Premises
- Refurbishment of new office premises and purchase of office equipment
- Expansion of their execution and support service teams including hiring of resources with expertise in environmental consulting.
- Repayment of Bank facilities
- General Corporate purposes
Techknowgreen Solutions IPO – Business Strategy
- Focus on Big Ticket Projects
- Upgrade to a State-of-the-Art R&D Infrastructure
- Focus on Annuity Geographical
- Expansion Strategy Business
Techknowgreen Solutions IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Established and proven track record;
- Leveraging the experience of their Promoters;
- Cordial relations with their customers;
- Focus on consistently meeting quality standards
- Increase Brand Awareness
- Strategic Alliance Opportunities
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 8.86 | 71.24 | 12.43 |
| 31-Mar-22 | 2.12 | 30.40 | 6.98 |
| Mar-21 | 0.73 | 12.54 | 5.82 |
Techknowgreen Solutions IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Techknowgreen Solutions Limited | 10 | [●] | 8.86 | 71.24 | 1,486.28 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Techknowgreen Solutions IPO Lead Managers
| Lead Managers |
| INDORIENT FINANCIAL SERVICES LIMITED A/501, Rustomjee Central Park, Executive Spaces, Andheri Kurla Road, Chakala, Mumbai – 400093, Maharashtra, India Tel No.: +91 79772 12186 Email: compliance-ifsl@indorient.in Website: www.indorient.in Contact Person: Ivor Anil Misquith SEBI Registration No: INM000012661 CIN: U67190DL1993PLC052085 |
Techknowgreen Solutions IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED Office No. S6-2, 6th Pinnacle Business Park, Mahakali Caves Road, next to Ahura Centre, Andheri East, Mumbai- 400093, Maharashtra, India Tel No.: +91 – 22 – 6263 8200; Fax No.: +91 – 22 – 6263 8299 E-mail: ipo@bigshareonline.com Investor Grievance E-mail: investor@bigshareonline.com Website: www.bigshareonline.com Contact Person: Sagar Pathare SEBI Registration No.: INR000001385 CIN: U99999MH1994PTC076534 |
Techknowgreen Solutions IPO – Other Details
- Statutory Auditor – M/s. Vishwas & Associates
- Legal Counsel to the Company – Sterling Associates
- Bankers to the Company – ICICI Bank Limited
Techknowgreen Solutions IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Techknowgreen Solutions Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Techknowgreen Solutions IPO Review FAQs
Check out various FAQs related to Techknowgreen Solutions IPO:
What is the Issue Size of Techknowgreen Solutions IPO?
The Company is making an initial public offer of 1,944,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Techknowgreen Solutions IPO?
The price band for this particular IPO ranges between Rs 86. As far as the face value of the share is concerned, it is Rs. 10 per share.
What is the Techknowgreen Solutions IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on September 18, 2023, while the closing date is set at September 21, 2023.
What is the Techknowgreen Solutions IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on September 26, 2023, refund initiation is on September 27, 2023, credit of shares is on September 28, 2023, and share listing date is on September 29, 2023.
What is the Techknowgreen Solutions IPO Listing Date?
Shares of this company shall be listed in the exchanges on September 29, 2023. The date, when the listing would be done, is stagnant on September 29, 2023.
Who is the Registrar of Techknowgreen Solutions IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Techknowgreen Solutions IPO?
Here are the promoters of this IPO – Ajay Ramakant Ojha and Prasad Rangrao Pawar. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Techknowgreen Solutions IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are also included in this report.
Is Techknowgreen Solutions IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Techknowgreen Solutions Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 173.12, 2022 is 42.80, and 2021 is 13.92.
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