Techknowgreen Solutions was incorporated on April 05, 2001. It is an environmental consulting company with over 20-plus years of experience, headquartered in Pune, India. Its key offerings include consulting – regulatory and sustainability, technology – execution, info tech, and research – policy and engineering.
| Bidding Dates |
|---|
| 18 Sep 2023 - 21 Sep 2023 |
| Subscription |
|---|
| 12.37x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,37,600 | 1 | 1 | 1600 | 1.9 M | ₹86 | 73.67 % | ₹167.2 M | RHP DOC |
Techknowgreen IPO SUBSCRIPTION STATUS
21 Sep '23Techknowgreen IPO overall subscription rate was 12.37 times the total available shares
Techknowgreen IPO retail subscription rate was 15.03 times in the retail segment
Techknowgreen IPO non-institutional investor subscription rate was 9.72 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
21 Sep 2023 (Day 3) | 15.03x | 9.72x | - |
20 Sep 2023 (Day 2) | 5.19x | 1.78x | - |
18 Sep 2023 (Day 1) | 1.2x | 0.41x | - |
Techknowgreen FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| FY23 | 45.1 | 148.4 | 26.3 | 24.1 |
| FY22 | 10.8 | 98.7 | 5.3 | 5.2 |
| FY21 | 3.7 | 78.1 | 77.7 | 77.7 |
Techknowgreen IPO SUBSCRIPTION STATUS DETAILS
Techknowgreen had 1.9 M shares on offer
Techknowgreen IPO offer price was ₹86
Techknowgreen IPO minimum Investment was ₹137600
Techknowgreen IPO issue size was ₹ 167.2 M
Techknowgreen had a minimum lot size of 1600 Shares per application
Techknowgreen NUMBER OF SHARES ON OFFER
Techknowgreen IPO IMPORTANT DATES
| Issue Open Date | 18 Sep 2023 |
| Issue close Date | 21 Sep 2023 |
| Allotment Date | 26 Sep 2023 |
| Refund Date | 27 Sep 2023 |
| Demat Account Credit Date | 27 Sep 2023 |
| Listing Date | 27 Sep 2023 |
| Listing on Exchange(s) | BSE |
| Techknowgreen Allotment Status | Exchange |
Techknowgreen IPO subscription opened on 18 Sep 2023, and closed on 21 Sep 2023
IPO allotment for Techknowgreen was finalized on Tuesday, 26 Sep 2023
IPO listing for Techknowgreen was on BSE on Wednesday, 27 Sep 2023
Techknowgreen IPO LISTING GAINS
| Issue Price (adjusted) | 86.0 |
| Listing Open Price | 87.0 |
| Listing Close Price | 91.3 |
| Listing Gain% | 1.2% |
| Current Gain% | 57.6% |
Techknowgreen Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Techknowgreen Solutions Ltd. | 135.5 | 100 | 10.3 | 0.4 | 2.4 | 21.5 | 16.6 | 41.2 | 23.9 | 9.7 | 28 | 13.1 | 28 |
| Tata Consultancy Services Ltd. | 2425.7 | 877639.5 | 17.6 | 16.5 | 3.2 | 45.9 | 27 | 271423 | 4.7 | 49210 | 1.4 | 137.6 | 1.1 |
| Infosys Ltd. | 1183 | 480068.1 | 15.9 | 1.4 | 2.6 | 31.7 | 18.9 | 182972 | 9.8 | 29440 | 10.2 | 74.6 | 11.1 |
| HCL Technologies Ltd. | 1357.2 | 368298.6 | 21.1 | 8 | 2.7 | 22.1 | 14.3 | 131674 | 10.2 | 16642 | -4.3 | 64.2 | 2.6 |
| Wipro Ltd. | 185.5 | 183726.5 | 13.9 | -7.7 | 1.9 | 15 | 9.3 | 96497.7 | 3.8 | 13197.4 | 0.5 | 13.3 | -1.8 |
| Tech Mahindra Ltd. | 1640 | 160733.9 | 31.3 | 2.4 | 2.7 | 16.2 | 9.7 | 56847.3 | 5.6 | 4810.9 | 13.2 | 52.4 | 13.1 |
Techknowgreen INFORMATION ON IPO ISSUE
About Techknowgreen
Techknowgreen Solutions was incorporated on April 05, 2001. It is an environmental consulting company with over 20-plus years of experience, headquartered in Pune, India. Its key offerings include consulting – regulatory and sustainability, technology – execution, info tech, and research – policy and engineering.
Object of the Issue
- Investment in research and development (R&D) initiatives, which includes hiring f experienced R&D resources and the purchase of equipment to support R&D initiatives
- Investment in office premises
- Refurbishment of new office premises and purchase of office equipment
- Expansion of the execution and support service teams including hiring of resources with expertise in environmental consulting
- Repayment of Bank facilities.
- General Corporate purposes
Techknowgreen - PROMOTERS
| Name |
|---|
| Ajay Ramakant Ojha |
| Prasad Rangrao Pawar |
Techknowgreen Lead Manager of the Issue
Indorient Financial Services Limited
compliance-ifsl@indorient.in
Techknowgreen Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Techknowgreen Strengths
Robust execution capabilities
The company excels in swiftly executing complex consulting projects, thanks to its extensive experience across diverse assignments
Work across multiple sectors
The company consistently works with core polluting industries such as chemicals & fertilizers, pharma, food, infrastructure, and distilleries
Many innovative executions
The company played a pivotal role in the inaugural Majhi Vasundhara Evaluation, assessing 800 local bodies and now 17,000 for the state government. It also pioneered the first demonstration of circular economic wetland technology
Techknowgreen Risks
Dependent on government
The company relies significantly on government contracts, making it vulnerable to changes in budget allocations for infrastructure and environmental projects. A budgetary cut in these areas could materially impact its business
Competitive industry
The industry is highly competitive, with both established firms and newcomers offering environmental consultancy services. This competition could hinder the company's ability to acquire new clients, maintain existing ones, and expand its business
Outstanding legal proceeding
The company is currently involved in an ongoing legal case. An unfavourable outcome in this proceeding could significantly impact the business
IPO FAQs
The promoters of the company are Ajay Ramakant Ojha and Prasad Rangrao Pawar.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 86.0 - 86.0.
The IPO application opens on Sep 18, 2023 and closes on Sep 21, 2023.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 137,600.0, the maximum value for this IPO is Rs 137,600.0.
This IPO will be allotted on Sep 26, 2023.
The refund will be credited to your account on Sep 27, 2023.
The allotted shares will be credited to your demat on Sep 27, 2023.
Techknowgreen Solutions Ltd.’s shares listed on the stock exchanges on Sep 27, 2023.