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 Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 10
Cash Price Rs 61
Listing AtBSE, SME
Min. Order Quantity2000 Shares
Listing DateJun 30, 2021
Offer for SaleRs Lakh
Fresh IssueRs Lakh
IPO SizeRs 405 Lakh
Tick Size1

Times Green Energy IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.

Live Performance – Times Green Energy Share Price

Times Green Energy IPO – Summary

Times Green Energy IPOTheir Company is a women entrepreneurial venture promoted by Mrs. Dinne Lakshmi Jumaal and Mrs. Kanuparthi Vani both of whom are dedicated to the cause of improving the lives of rural women in India.

They are one of the few companies in India having “All Women Board of Directors”.

The Promoter of this company is 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 BBIGSHARE SERVICES PRIVATE LIMITED.


Times Green Energy IPO Date

The opening and the closing date of the IPO of Times Green Energy Limited are Jun 16, 2021, and Jun 22, 2021, respectively.


Times Green Energy IPO Subscription

Day / DateNIIRIITotal Subscription
1st Day – 16 Jun0.56x0.77x0.66x
2nd Day – 17 Jun 0.60x1.83x1.21x
3rd Day – 18 Jun0.63x2.57x1.60x
4th Day – 21 Jun0.70x3.63x2.16x
5th Day – 22 Jun0.83x5.05x2.94x
Shares Offered or Net Issue312,000312,000624,000

The shares subscribed by the public will be updated here.

Check Times Green Energy IPO LIVE Subscription

  • Times Green Energy IPO LIVE Bid details on BSE
  • Times Green Energy IPO LIVE Bid details on NSE

For the Latest Bid details click on the above links.


Times Green Energy 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.

Times Green Energy Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment FinalizationJun 25, 2021
Refunds InitiationJun 28, 2021
Credit of Shares to Demat AccountJun 29, 2021
Share Listing DateJun 30, 2021

Times Green Energy IPO Cash Price

The face value of each share is Rs.10, but the price band of the IPO is Rs.61 


Times Green Energy IPO Equity Size

This Initial Public Issue of 6,64,000 Equity Shares of Rs.10 each for cash at a price of Rs.61 per equity share aggregating to Rs.405 Lakh.


Times Green Energy IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.

Issue Size: X Equity Shares of Rs.10 each, aggregating to Rs.[●] Lakh


Times Green Energy IPO – Live Performance

The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.

Live IPO Performance – Times Green Energy Share Price

Times Green Energy IPO Grey Market Premium

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


Times Green Energy IPO – Company Overview

Their organization is deeply involved in the rural ecosystem surrounding women in and around certain villages of Telangana, Andhra Pradesh & border areas of Karnataka.

They also involve local agents and traders based in the state of Telangana for the sale of their goods. Likewise, the Company also procures goods from local dealers and vendors via local agents based in the state of Telangana.

They are currently involved in three core business activities – namely distribution of – Agro Products; Agrochemicals (including organic bio-products) and Sanitary Napkins.

Their Company has recently launched an application in September 2020, on the play store by name of Bharatbazaar (Kisaan to Kitchen) wherein their Company sells various categories of products i.e. it has more than 1000 products in its Times Green Energy (India) Limited Agro Business Distribution of Agro Products Distribution of Bio-Pesticides,& other Bio-products Woman Hygiene & Safety Sanitary NapkinsPage 76 catalog ranging from cooking essentials such as oil, basmati rice to the bakery and dairy items, snacks and branded foods, beverages and sanitary napkins, etc. Their Company provides delivery service in and around Hyderabad.


Times Green Energy 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)
30-Jun-2031-Mar-20Mar-1931-Mar-18
Total Assets452.64371.95242.08392.00
*Total Revenue122.001,514.721,515.512,019.09
Total Expense116.271,495.021,501.952,007.40
Profit After Tax4.2412.349.778.04

Earnings per Equity Share (in Lakh)

30-Jun-2031-Mar-20Mar-1931-Mar-18
Basic & Diluted0.421.231.543.22

Times Green Energy IPO – Promoters

The Promoter of this company is:

  1. Mrs. Dinne Lakshmi Jumaal
  2. Mrs. Kanuparthi Vani

List of Related Parties (Key Managerial Personnel)

  • Dinne Lakshmi Jumaal, Managing Director
  • Jayashree Gadde, Whole-Time Director
  • Rangineni Vinitha, Non-Executive Director
  • Padma Priyanka Vangala, Non-Executive Independent Director
  • Durga Suddhapalli, Non-Executive Independent Director

Times Green Energy IPO – Promoters Holding

  • Pre Issue Share Holding – %
  • Pos Issue Share Holding – %

Times Green Energy IPO Offer Details or Issue Details

 Particulars No. Of Equity Shares
 Equity Shares Offered Up to 6,64,000 Equity Shares aggregating up to Rs.405 Lakh
of which:
Issue Reserved for the Market MakersUp to 40,000 Equity Shares aggregating up to Rs.[●] Lakh
Net Issue to the PublicUp to 3,12,000 Equity Shares aggregating up to Rs.[●] Lakh
Of which:
Retail Investors Portion Not less than [●] Equity Shares
Other than Retail Individual InvestorsNot more than [●] Equity Shares
 Equity Shares outstanding prior to the Issue10,00,000 Equity Shares
 Equity Shares outstanding after the Issue16,64,000 Equity Shares

Times Green Energy IPO Issue Object

Their Company proposes to utilize the Net Proceeds towards funding the following objects:

(a) Funding Working Capital Requirement
(b) Funding Purchase and Set-up of Registered Office
(c) Funding Purchase of Vehicle and ERP Package
(d) Funding Setting up of Sanitary Napkin SBUs
(e) General Corporate Purpose

Times Green Energy IPO – Business Strategy

  • 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

Times Green Energy 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:

  • 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 (%)NAV (Rs.)
31-Mar-201.239.3413.21
31-Mar-191.547.71
Mar-183.2219.19

Times Green Energy IPO: Competitive Peers

Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Crores)
Times Green Energy Limited10[●]
Listed Peers

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

Times Green Energy IPO – Other Details

  • Statutory Auditor – M/S. N G RAO & ASSOCIATES
  • Legal Counsel to the Company – NA
  • Bankers to the Company –  NA


Times Green Energy IPO Review by 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

 


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    Times Green Energy Limited IPO News

    News 1 – IPO DRHP Download

    News 2 – IPO RHP Prospectus Download


    Times Green Energy IPO Review FAQs

    What is the Issue Size of Times Green Energy IPO?

    The Company is making an initial public offer of 6,64,000 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 Times Green Energy IPO?

    The price band for this particular IPO is Rs. 61. As far as the face value of the share is of concern, it is Rs.10 per share.

    What is the Times Green Energy IPO Open Date?

    The opening and closing dates for this IPO have been updated. The IPO is set to open on Jun 16, 2021, while the closing date is set at Jun 22, 2021.

    What is the Times Green Energy IPO Allotment Date?

    They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Jun 25, 2021, refund initiation is on Jun 28, 2021, credit of shares is on Jun 29, 2021, and share listing date is on Jun 30, 2021.

    What is the Times Green Energy IPO Listing Date?

    Shares of this company shall be listed in the exchanges on Jun 30, 2021. The date, when the listing would be done, is stagnant on Jun 30, 2021.

    Who is the Registrar of Times Green Energy 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 Times Green Energy IPO?

    Here are the promoters of this IPO – Mrs. Dinne Lakshmi Jumaal and Mrs. Kanuparthi Vani. 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 Times Green Energy IPO?

    They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.

    Is Times Green Energy 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 Times Green Energy Company?

    They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2020 in Lakh is 12.34, 2019 is 9.77, 2018 is 8.04. PAT from June 2020 is 4.24.


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