Times Green Energy IPO Review, Dates, Allotment, Size, Live Bid Details, GMP & RHP

Let’s have a detailed review of the company and analytics of the Times Green Energy IPO release date, IPO offer price, subscription, Times Green Energy India Ltd IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.Stock Broker Complaints


Times Green Energy IPO Review & Ratings

IPO Ratings & Review
CriteriaRatings
Industry Sentiments7.9/10
Industry Ranking8.2/10
Company Background7.3/10
Company Reputation7.2/10
Competitive Edge8.2/10
Financial Statements7.8/10
Popularity Index7.9/10
Promoters Reputation8.2/10
Retail Appetite7.8/10
Top Brokers Review7.9/10
Overall Ratings7.7/10
Star Ratings★★★★☆

Summary of Times Green Energy IPO

Times Green Energy IPOTheir Company is a women entrepreneurial venture promoted by Mrs. Dinne Lakshmi Jumaal and Mrs. Kanuparthi Vani both of whom are women dedicated to the cause of improving lives of rural women in India. They are one of the few companies in India having “All Women Board of Director”.

From FY 2016-17 to FY 2018-2019, as per the Restated Financial Statements

  • Their revenue from operations as a percentage of total income was 100.00% for the period ended September 30, 2019. Their revenue from operation as a percentage of total income was 99.99%, 99.99% and 100.00% respectively, for the fiscals 2019, 2018 and 2017.

The Promoters of this company are Mrs. Dinne Lakshmi Jumaal and Mrs. Kanuparthi Vani. The lead manager to the issue is ARYAMAN FINANCIAL SERVICES LIMITED and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.



Times Green Energy IPO Date

The opening and the closing date of Times Green Energy India Ltd IPO is not known yet.


Times Green Energy IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day – 
3rd Day – 
Shares Offered or Net Issue

The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.


Times Green Energy IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Basis of Allotment Finalization
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

Times Green Energy IPO Price Band / Cash Price

The face value of each share is Rs 10,and the cash price of the IPO is not yet disclosed. 


Times Green Energy IPO Size & Share Offering

Issue Size: This Initial Public Issue of upto 9,98,400 Equity Shares of Rs.10 each for cash at a price of Rs. [] per equity share aggregating to Rs. [] lacs by their Company.

Net Issue: The Net Issue of upto 9,48,000 Equity Shares of Rs. 10 each at M [] per Equity Share aggregating to Rs. [] lacs by their Company.


Times Green Energy India Limited – Company Overview

Their organization is deeply involved in the rural eco-system surrounding women in and around certain villages of Telangana, Andhra Pradesh & border areas of Karnataka. They are currently involved in three core business activities – namely distribution of – Agro Products; Agrochemicals (including organic bio-products) and Sanitary Napkins.

Times Green Energy Agro Business

Their journey began by getting involved in procuring and distribution of natural organic plant protection products and other organic products for the betterment of farming amongst villages and hence their Company was formed to formalize such trading and distribution activities. Thereafter they acquired land in 2013 and used certain available farm area to carry out farming activities to research and develop methods of improving farm yield and thereafter educating and supporting women farmers to use such products thereby growing their distribution and touch point base.

Times Green Energy Women Hygiene Business

Further with their growing network of women among these villages they started helping to create awareness about women hygiene products such as Sanitary Napkins along with other organizations doing such work. Thereafter recently in 2018 they formally entered into Woman Hygiene & Safety Segment by launching Sanitary Napkins under their own brand name.

Their Company currently employs 13 persons on its payroll but has point of contact as well as business stakeholder base of over 500 small entrepreneurs.

Business strategies of Times Green Energy India Limited:

  • Increase their fund based capabilities by infusing equity capital into the Company
  • Further improve upon distribution network
  • Improve Asset quality of balance sheet by acquiring office premises
  • Continue to focus on women centric business avenues

Business strategies of Times Green Energy India Limited:

  • Experienced management team
  • Strong network and established relationships within rural communities in Southern India
  • High Asset Value and Low Debt Burden
  • Low Indirect Tax Product Space

Times Green Energy India Limited – Financial Statements

A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

Times Green Energy India IPO Financial Summary

On the basis of Standalone statement:

Amount (in INR & Lakhs)
30-Sep-1930-Mar-1931-Mar-1831-Mar-17
Total Assets393.30241.88392.00278.68
Total Revenue835.481,515.512,019.091,035.15
Total Expense820.74
1,502.16
2,007.401,033.21
Profit After Tax9.939.428.041.56

Earnings per Equity Share (in Lakh)

31-Mar-1931-Mar-1831-Mar-17
Basic & Diluted1.483.220.62

From the above statements, one could find that the Times Green Energy India Ltd may perform well.


Times Green Energy IPO – Promoters

The Promoters of this company are:

  • Mrs. Dinne Lakshmi Jumaal
  • Mrs. Kanuparthi Vani

List of Related Parties (Key Managerial Personnel)

  • Mr. Srinivas Prasad Kanuparthi – Chief Financial Officer
  • Mr. Ashutosh Shukla – Compliance officer & CS

Interest in promotion of the Company

Their Directors may be deemed to be interested in the promotion of the Company to the extent of the Equity Shares held by them and also to the extent of any dividend payable to them on their holding of such shares and other distributions in respect of the aforesaid Equity Shares.

Property Interest

Their Directors have no interest in any property acquired or proposed to be acquired by their Company as on the date of this Draft Prospectus.


Times Green Energy IPO Offer Details or Issue Details

Particulars No. Of Equity Shares
 Equity Shares Offered 
Up to 9,98,400  Equity Shares aggregating up to Rs[●] Lakhs
 Of which:
Issue Reserved for the Market MakerUp to 50,400 Equity Shares aggregating up to Rs. [●] Lakhs
Net Issue to the PublicUp to 9,48,000 Equity Shares aggregating up to Rs. [●] Lakhs 
 Of which
Net Issue to the Public
Up to 4,74,000 Equity Shares will be available for allocation for Investors of up to Rs.2.00 Lakhs
Up to 4,74,000 Equity Shares will be available for allocation for Investors of up to Rs.2.00 Lakhs
 Equity Shares outstanding prior to the Issue10,00,000 Equity Shares
 Equity Shares outstanding after the Issue19,98, 400 Equity Shares

Times Green Energy India Ltd IPO Issue Object

These are the IPO Issue Objects of the company:

  • Working Capital Requirement Funding
  • Funding Purchase and Set-up of Registered Office
  • Purchase of Vehicle and ERP Package Funding
  • Setting up of Sanitary Napkin SBUs Funding
  • General Corporate Purpose

Times Green Energy IPO – Basis of the 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:

  • Experienced management team
  • Strong network and established relationships within rural communities in Southern India
  • High Asset Value and Low Debt Burden
  • Low Indirect Tax Product Space

The relevant quantitative factors are:

Basic & Diluted EPSRONW in %NAV (Rs.)
31-Mar-170.624.61%
31-Mar-183.2219.19%
31-Mar-191.487.46%12.63
  • Price to Earnings (P/E) ratio in relation to Price band of Rs. [●] to Rs. [●] per Equity Share
ParticularsP/E ratio
Highest
Average
Lowest

Competitive Peers of Times Green Energy

They believe that there is no listed Company which is specifically comparable to them w.r.t their business model, size and financials.


Times Green Energy IPO Lead Managers

Lead Managers
ARYAMAN FINANCIAL SERVICES LIMITED
60, Khatau Building, Ground Floor, Alkesh Dinesh Modi Marg
Fort, Mumbai – 400 001
Tel No.: +91 – 22 – 6216 6999
Email: ipo@afsl.co.in
Website: www.afsl.co.in
Investor Grievance Email: feedback@afsl.co.in
Contact Person: Vatsal Ganatra
SEBI Registration No. INM000011344

Times Green Energy IPO Registrar to offer

Registrar to the Offer
BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis
Makwana Road, Marol, Andheri East, Mumbai – 400 059
Tel. No.: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Investor Grievance Email: investor@bigshareonline.com
Contact Person: Mr. Babu Raphael
SEBI Registration No.: INR000001385

Other Details:

  • Statutory Auditor – M/s. S.Suresh Babu & Co, Chartered Accountants and N.G. Rao & Associates, Chartered Accountants
  • Peer Review Auditor – M/S. N G RAO & ASSOCIATES
  • Bankers to the Company – STATE BANK OF INDIA

Times Green Energy IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

Times Green Energy IPO Grey Market Premium

The Times Green Energy India IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


Subscribe to Times Green Energy IPO

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Times Green Energy IPO News

News 1 – IPO ISSUE OPENS SOON [Download Prospectus]


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