IPO Issue Details
Issue Price / Price Band₹86 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,600 Shares per Lot
Total Issue Size19,44,000 shares (aggregating up to ₹16.72 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenMon, 18 Sep 2023
Subscription CloseThu, 21 Sep 2023
Anchor AllotmentSun, 17 Sep 2023
Basis of AllotmentTue, 26 Sep 2023
Initiation of RefundsWed, 27 Sep 2023
Credit of Shares to DematThu, 28 Sep 2023
Listing DateWed, 27 Sep 2023
UPI Mandate Deadline2023-09-21
Application & Investment Details
Retail — Min (1 Lots)₹1,37,600 — 1,600 shares
Retail — Max (13 Lots)₹1,788,800 (13 Lots)
HNI — Min (2 Lots)₹2,75,200 — 3,200 shares
EPS (Pre-IPO)₹8.86
P/E Ratio (Pre-IPO)9.71x
P/E Ratio (Post-IPO)14.08x
Net Offer to Public18,46,400 shares (aggregating up to ₹15.88 Cr)
Reserved for Market Maker97,600 shares (aggregating up to ₹0.8394 Cr)
Pre-IPO Promoter Holding54,38,730 shares
Post-IPO Promoter Holding73,82,730 shares
About Techknowgreen Solutions Ltd.
Incorporated in 2001, Techknowgreen Solutions Limited, previously known as Techno Green Environmental Solutions, provides environmental consulting services.Techknowgreen Solutions is one of the first companies in India to provide environmental IT solutions through software applications and compliance solutions.The company has three verticals:Consulting: This includes environmental impact assessment, sustainability reporting, and climatology; environmental compliance; environmental due diligence: site assessment phase, chemical analysis phase, and remediation, DPR and designing which includes STP, ETP., WTP, SWM, remediation, Air Pollution Control (Urban), HWM, EPR, and Renewables; Training and sensitization; and Environment crime investigation.Infor Tech: This includes wastewater management: STP, ETP, Zero Liquid discharge (ZLD); Air quality: developed products such as YUKA Yantra for indoor Air and virtual chimney for ambient Air purification; Solid Waste: BIOGAS, organic composter; Remediation: Soil, decontamination, hazardous waste. Information Technology: Software development, KYC (Know your compliance), Intelligent decision support system (IDSS); Applications: ROCO footprint, E-catalyst, and mass plantation applications for MPCB; and IoT: data communication interface for applications and software.Research Policy and Engineering: This includes Carbon capture, storage, and utilization (CCUS), modeling Blue Carbon, Carbon sink, Carbon and methane - neutrality and Climate resilience, Wastewater trading, circular economic wetland technology, Advanced Oxidation process (AOP), nature-based solutions (NBS), environmental surveillance, Compliance monitoring, Big data, Cost and health benefit analysis (CBA), analysis of Alternatives, policy screening.Techknowgreen's clientele comes from government, semi-government organizations, MNCs, large companies, mid-size companies, and MSMEs.
Objects of the Issue
Techknowgreen Solutions Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
Investment in research and development (“R&D”) initiatives which includes hiring of experienced R&D resources and purchase of equipment to support R&D initiatives
1.38
2
Investment in office Premises
2.00
3
Refurbishment of new office premises and purchase of office equipment’s
0.99
4
Expansion of our execution and support service teams including hiring of resources with expertise in environmental consulting
1.77
5
Repayment of Bank facilities
2.85
6
General Corporate purposes
3.87
Shareholding & Lock-in
Pre-IPO Promoter Holding
54,38,730 shares
Post-IPO Promoter Holding
73,82,730 shares