Times Green Energy IPO Review, Dates, Allotment, Size, Live Bid Details, GMP & RHP
Last Updated Date: Nov 17, 2022Let’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 Value | Rs 10 |
| Cash Price | Rs 61 |
| Listing At | BSE, SME |
| Min. Order Quantity | 2000 Shares |
| Listing Date | Jun 30, 2021 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs Lakh |
| IPO Size | Rs 405 Lakh |
| Tick Size | 1 |
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
Their 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 / Date | NII | RII | Total Subscription |
| 1st Day – 16 Jun | 0.56x | 0.77x | 0.66x |
| 2nd Day – 17 Jun | 0.60x | 1.83x | 1.21x |
| 3rd Day – 18 Jun | 0.63x | 2.57x | 1.60x |
| 4th Day – 21 Jun | 0.70x | 3.63x | 2.16x |
| 5th Day – 22 Jun | 0.83x | 5.05x | 2.94x |
| Shares Offered or Net Issue | 312,000 | 312,000 | 624,000 |
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 Finalization | Jun 25, 2021 |
| Refunds Initiation | Jun 28, 2021 |
| Credit of Shares to Demat Account | Jun 29, 2021 |
| Share Listing Date | Jun 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
Open Free Demat Account Now!
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-20 | 31-Mar-20 | Mar-19 | 31-Mar-18 | |
| Total Assets | 452.64 | 371.95 | 242.08 | 392.00 |
| *Total Revenue | 122.00 | 1,514.72 | 1,515.51 | 2,019.09 |
| Total Expense | 116.27 | 1,495.02 | 1,501.95 | 2,007.40 |
| Profit After Tax | 4.24 | 12.34 | 9.77 | 8.04 |
Earnings per Equity Share (in Lakh)
| 30-Jun-20 | 31-Mar-20 | Mar-19 | 31-Mar-18 |
|
| Basic & Diluted | 0.42 | 1.23 | 1.54 | 3.22 |
Times Green Energy IPO – Promoters
The Promoter of this company is:
- Mrs. Dinne Lakshmi Jumaal
- 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 Makers | Up to 40,000 Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up 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 Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 10,00,000 Equity Shares |
| Equity Shares outstanding after the Issue | 16,64,000 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 EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-20 | 1.23 | 9.34 | 13.21 |
| 31-Mar-19 | 1.54 | 7.71 | – |
| Mar-18 | 3.22 | 19.19 | – |
Times Green Energy IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Crores) | |
| Times Green Energy Limited | 10 | [●] | |||
| 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 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 |
Subscribe to Times Green Energy IPO
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.
Calculate your return on investment!
Asset Class
ROI (Rs.)
Profit (Rs.)
Profit (%)
IPO
Equity
Savings
Real Estate
Gold
Bonds
Fixed Deposit
Mutual Fund
Market Guide
Featured Topics