IPO Issue Details
Issue Price / Price Band₹61 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size2,000 Shares per Lot
Total Issue Size6,64,000 shares (aggregating up to ₹4.05 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenWed, 16 Jun 2021
Subscription CloseTue, 22 Jun 2021
Anchor AllotmentTue, 15 Jun 2021
Basis of AllotmentFri, 25 Jun 2021
Initiation of RefundsMon, 28 Jun 2021
Credit of Shares to DematTue, 29 Jun 2021
Listing DateWed, 30 Jun 2021
UPI Mandate Deadline2021-06-22
Application & Investment Details
Retail — Min (1 Lots)₹1,22,000 — 2,000 shares
Retail — Max (13 Lots)₹1,586,000 (13 Lots)
HNI — Min (2 Lots)₹2,44,000 — 4,000 shares
NII / HNI Quota46.99% of Issue
Retail Quota46.99% of Issue
Market Maker Quota6.02% of Issue
Net Offer to Public6,24,000 shares (aggregating up to ₹3.81 Cr)
Reserved for Market Maker40,000 shares (aggregating up to ₹0.2440 Cr)
Pre-IPO Promoter Holding10,00,000 shares
Post-IPO Promoter Holding16,64,000 shares
About Times Green Energy (India) Ltd.
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 strengthsStrong distribution network in Southern India.Large product portfolio.Experienced management team.
Objects of the Issue
Times Green Energy (India) Ltd. proposes to utilise the net proceeds for the following objects as stated in the DRHP:
1
1 Funding Working Capital Requirement
Amount: 0.54
2
2 Funding Purchase and Set-up of Registered Office
Amount: 1.19
3
3 Funding Purchase of Vehicle and ERP Package
Amount: 0.53
4
4 Funding Setting up of Sanitary Napkin SBUs
Amount: 0.60
5
5 To fund expenditure for General Corporate Purposes
Amount: 0.82
Shareholding & Lock-in
Pre-IPO Promoter Holding
10,00,000 shares
Post-IPO Promoter Holding
16,64,000 shares
