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Times Green Energy (India) Ltd IPO (Times Green Energy IPO) Detail

Jun 16, 2021 - Jun 22, 2021

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 strengths

  • Strong distribution network in Southern India.
  • Large product portfolio.
  • Experienced management team.

Company Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in lakhs)
30-June-20 31-Mar-20 31-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
Profit After Tax 4.24 12.34 9.77 8.04

Objects of the Issue

The Net IPO proceeds will be utilized for the following objectives;

  • To finance working capital requirements.
  • To finance purchase and set-up of registered office.
  • To finance purchase of vehicles and ERP packages.
  • To finance setting up of Sanitary Napkin SBUs.
  • To meet general corporate purposes.

Times Green Energy IPO Details

Times Green Energy IPO Date Jun 16, 2021 to Jun 22, 2021
Times Green Energy IPO Face Value ₹10 per share
Times Green Energy IPO Price ₹61 per share
Times Green Energy IPO Lot Size 2000 Shares
Issue Size664,000 shares of ₹10
(aggregating up to ₹4.05 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

Mrs. Dinne Lakshmi Jumaal and Mrs. Kanpuarthi Vani are the company promoters.

Times Green Energy IPO Timeline (Tentative Timetable)

Times Green Energy IPO opens on Jun 16, 2021, and closes on Jun 22, 2021. The Times Green Energy IPO bid date is from Jun 16, 2021 10.00 A.M. to Jun 22, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Times Green Energy IPO Opening Date Jun 16, 2021
Times Green Energy IPO Closing Date Jun 22, 2021
Basis of Allotment Jun 25, 2021
Initiation of Refunds Jun 28, 2021
Credit of Shares to Demat Jun 29, 2021
Times Green Energy IPO Listing Date Jun 30, 2021

Times Green Energy IPO Lot Size

The Times Green Energy IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹122,000).

Application Lots Shares Amount
Retail (Min) 1 2000 ₹122,000
Retail (Max) 1 2000 ₹122,000

Times Green Energy IPO Promoter Holding

Pre Issue Share Holding 79.20%
Post Issue Share Holding 47.60%

Times Green Energy IPO Review

The financial data of the company is non-encouraging, though it has a novel concept. Considering the tiny equity level, it will take a long time to migrate to the main board. The issue pricing is exorbitant based on financial parameters. There is no harm in giving this issue a “MISS”. Read detail review...


Times Green Energy IPO Subscription Status (Bidding Detail)

The Times Green Energy IPO is subscribed 2.94 times on Jun 22, 2021 6:49:00 AM. The public issue subscribed 5.05 times in the retail category, times in the QIB category, and 0.83 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII0.83
Retail5.05
Total2.94

Times Green Energy IPO Prospectus

Times Green Energy IPO Rating

49
2.7
Rating:Rated 2.7 stars
Vote Here ...

Times Green Energy IPO Listing Date

Listing Date Wednesday, June 30, 2021
BSE Script Code 543310
NSE Symbol
Listing In MT Group of Securities
ISIN INE0B6101012
IPO Price ₹61 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹61.00
₹61.40
₹61.00
₹64.45
₹61.60

Company Contact Information

Times Green Energy (India) Ltd
Flat No. 602, Druva Thara Apartments,
Medinova Complex, Somajiguda Hyderabad - 500082

Phone: 7702632033
Email: info@timesgreenenergy.com
Website: http://www.timesgreenenergy.com/

Times Green Energy IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Times Green Energy IPO Review

Times Green Energy IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

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IPO Broker Recommendations

Times Green Energy IPO FAQs

Times Green Energy IPO is a SME IPO of 664,000 equity shares of the face value of ₹10 aggregating up to ₹4.05 Crores. The issue is priced at ₹61 per share. The minimum order quantity is 2000 Shares.

The IPO opens on Jun 16, 2021, and closes on Jun 22, 2021.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Times Green Energy IPO using UPI as a payment gateway. Zerodha customers can apply in Times Green Energy IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Times Green Energy IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Times Green Energy IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Times Green Energy IPO opens on Jun 16, 2021 and closes on Jun 22, 2021.

Times Green Energy IPO lot size is 2000 Shares and the minimum order quantity is .

You can apply in Times Green Energy IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Times Green Energy IPO will be done on Jun 25, 2021, and the allotted shares will be credited to your demat account by Jun 29, 2021. Check the Times Green Energy IPO allotment status.

The Times Green Energy IPO listing date is on Wednesday, June 30, 2021.
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Times Green Energy IPO Message Board

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8 Comments

6. Deepakkumar |   Link |Jun 29, 2021 8:51:25 PM
Top Contributor Top Contributor (200+ Posts)
Timesgreen to list tomorrow 30th June. All the best to allottees. Here also chance of discount listing is more, but LM/MM may support the issue.
5. PrafulJothi |   Link |Jun 20, 2021 9:03:11 PM
Dear investors
Do not believe in SME.
The issue price of bonlon industries is Rs28. And itslifetime high did not cross its issue price. U can check if you have doubt
https://m.bseindia.com/StockReach.aspx?scripcd=543211. Please do not delete.
5.1. Deepakkumar |   Link |Jun 21, 2021 8:08:51 PM
Top Contributor Top Contributor (200+ Posts)
Dear Praful, I have sympathy with you or anyone who applied in Bonlon. There were many red flags. SMEs are like that. It is best if you can assess their intention or have a rough idea.
4. khusII |   Link |Jun 18, 2021 10:26:36 PM
This is a request to admins of this site. Has anyone given it a thought ?
the numbers mentioned here follow the international number system. for eg ...... 4,253,784
we read this as 4 million 253 thousand seven eighty four .
but in the Indian system this figure would be 42,53,784 and read as ........ 42 lacs 53 thousand 784.
should we not , as proud indians use our own number system ?
think about it..............
3. MAHADEVAN KS |   Link |Jun 18, 2021 10:11:41 AM
It is better to apply in Adeshwar than in Times green
3.1. Deepakkumar |   Link |Jun 18, 2021 11:42:26 AM
Top Contributor Top Contributor (200+ Posts)
Yes, If one has to choose between two then adeshwar is better.
2. Deepakkumar |   Link |Jun 17, 2021 7:04:01 AM
Top Contributor Top Contributor (200+ Posts)
During dotcom boom, there was a method to access internet companies click per day (time). If one are trying to access Bharat Bazaar app, it has got downloads in hundreds (between 101 to 999, app store don''t give any specific number). How it is going to make money for investors.
1. Grow India |   Link |Jun 14, 2021 2:05:38 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Is se jyada to aajkal kiryane wala kama raha hai