Business Standard

Techknowgreen Solutions Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

16.72 cr

Price Range (₹)

86

Lot Size

1600

Min Investment (₹)

1,37,600.00

Listing Exchange

BSE - SME

Open Date

18-Sept-2023

Close Date

21-Sept-2023

Listing Date

27-Sept-2023

Techknowgreen Solutions Ltd News

    The Shares of Techknowgreen Solutions Ltd have now been listed.

    Techknowgreen Solutions Ltd IPO Details

    Initial public offering of 19,44,000 equity shares of face value of Rs. 10.00 each (Equity Shares) of Techknowgreen Solutions Limited (TSL or Company or Issuer) for cash at a price of Rs. 86.00 per equity share including a share premium of Rs. 76.00 per equity share (the Issue Price) aggregating upto Rs. 16.72 crores (The Issue) of which 97,600 equity shares of face value of Rs. 10.00 each for cash at a price of Rs. 86.00 per equity share including a share premium of Rs. 76.00 per equity share aggregating to Rs. 0.84 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 18,46,400 equity shares of face value of Rs. 10.00 each at a price of Rs. 86.00 per equity share including a share premium of Rs. 76.00 per equity share aggregating to Rs. 15.88 crores (the Net Issue). The issue and the net issue will constitute 26.33% and 25.01% respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10.00 and the issue price is 8.6 times of the face value of the equity shares.

    Objective of issue

    Investment in research and development intiatives with includes hiring of experienced R&D resources and purchase of equipment to support R&D intiatives. Investment in office premises. Refurbishment of new office premises and purchase of office equipemnts. Expension of its execution and support services teams including hiring of resources with experties in environmental consulting. Repayment of Bank facilities. General corporate purposes.

    Techknowgreen Solutions Ltd Contact Details

    Techknowgreen Solutions Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - cs@techknowgreen.com

    Website - www.techknowgreen.com