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 Promoters:

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

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

IPO Opening DateJun 16, 2021
IPO Closing DateJun 22, 2021
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹61 per equity share
Market Lot2000 Shares
Min Order Quantity2000 Shares
Listing AtBSE SME
Issue Size664,000 Eq Shares of ₹10
(aggregating up to ₹4.05 Cr)

Times Green Energy IPO Tentative Timetable

The Times Green Energy IPO open date is Jun 16, 2021, and the close date is Jun 22, 2021. The issue may list on Jun 30, 2021.

IPO Open DateJun 16, 2021
IPO Close DateJun 22, 2021
Basis of Allotment DateJun 25, 2021
Initiation of RefundsJun 28, 2021
Credit of Shares to Demat AccountJun 29, 2021
IPO Listing DateJun 30, 2021

Times Green Energy IPO Lot Size

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

ApplicationLotsSharesAmount (Cut-off)
Minimum12000₹122,000
Maximum12000₹122,000

Times Green Energy IPO Promoter Holding

Pre Issue Share Holding79.20%
Post Issue Share Holding47.60%

Times Green Energy IPO Prospectus

Times Green Energy IPO Rating

30
2.7
Rating:Rated 2.7 stars

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Times Green Energy IPO Reviews / Ratings

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
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

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

Times Green Energy IPO FAQs

  1. What is Times Green Energy IPO?

    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 equity 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.

  2. How to apply in Times Green Energy IPO through Zerodha?

    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.

  3. When Times Green Energy IPO will open?

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

  4. What is the lot size of Times Green Energy IPO?

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

  5. How to apply for Times Green Energy IPO?

    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.

  6. When Times Green Energy IPO allotment?

    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.

  7. When is Times Green Energy IPO listing date?

    The Times Green Energy IPO listing date is not yet announced. The tentative date of Times Green Energy IPO listing is Jun 30, 2021.

Times Green Energy IPO Message Board

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