The company Techknowgreen Solutions Limited is coming up with an IPO of INR 16.72 crores. The offer consists of a fresh issue of equity shares at INR 86 per share. The company intends to utilise the raised funds towards investment in research and development, office premise, expansion of the company’s execution and support services, repayment of bank facilities, etc.
Techknowgreen Solutions IPO – Important Details
| Techknowgreen Solutions IPO Date | September 18, 2023 to September 21, 2023 |
| Techknowgreen Solutions IPO Listing Date | September 27,2023 |
| Techknowgreen Solutions IPO Price | INR 86 per share |
| Techknowgreen Solutions IPO Lot Size | 1600 Shares |
| Techknowgreen Solutions IPO Total Issue Size | INR 16.72 crores |
| Techknowgreen Solutions IPO Basis of Allotment | September 26, 2023 |
| Techknowgreen Solutions IPO Initiation of Refunds | September 27, 2023 |
| Techknowgreen Solutions IPO Credit of Shares to Demat | September 28, 2023 |
| Techknowgreen Solutions IPO Issue Type | Fixed Price Issue IPO |
| Techknowgreen Solutions IPO Listing At | BSE SME |
Techknowgreen Solutions IPO – Company Profile
Techknowgreen Solution is a environmental consulting company with 20+ years of experience, headquartered in Pune, India. The key offerings include Consulting – Regulatory, Sustainability, Technology – Execution, Info Tech and Research –Policy, Engineering. The company is one of the first companies in India providing environmental IT solutions through cutting-edge software applications and compliance solutions.
The client base includes government, semi government organization, MNCs, large companies, mid-size companies and MSMEs.
The company is promoted by Ajay Ramakant Ojha and Prasad Rangrao Pawar who are technocrats in environmental consulting, technology & management field with a vision to empower clients by ensuring sustainability and profitability can go hand in hand and achieving double bottom line
Techknowgreen Solutions IPO Objective
Techknowgreen Solutions plans to allocate its IPO proceeds for research and development, purchasing and refurbishing office premises, expanding the leadership team, and repaying outstanding loans, aligning with its growth and innovation strategies.
- Investment in research and development: Innovation has always formed the backbone of the company working right from the beginning.To drive its R&D objectives, the company intends to utilize ₹1.38crores from the net proceeds of the fresh issue.
- Investment in office premises: The company operates from the registered office situated at Pune, Maharashtra which is leased from the promoter Mr. Ajay Ojha. Given the expansion and growth prospects including R&D initiatives,the company intends to purchase office premises that will allow staff to be co-located in a central location.The company intends to utilise INR 2 crores for this purpose.
- Refurbishment of office premises and purchase of office equipment: The firm has entered into a LOI to purchase unfurnished premises located at Pune – 411003. Accordingly, the company intends to utilize INR 0.99 crores from the Net Proceeds towards refurbishment of the premises and purchase of office equipment to get the facility ready for commencing operations.
- Expansion of leadership team: The Company intends to hire experienced resources in various departments including finance, HR, legal, environment consulting, IT, etc. The company intends to utilise INR 1.77 crores for the said purpose.
- Repayment of bank facilities: The company proposes to utilize an aggregate amount of ₹2.85 crore from the net proceeds towards repayment and / or prepayment iin part or in full, of certain outstanding loans of the company.
Techknowgreen Solutions IPO Risks And Challenges
Techknowgreen Solutions faces significant risks due to its heavy reliance on government authorities for revenue, which makes it vulnerable to budget cuts and payment delays. Additionally, pending legal proceedings worth INR 5.11 crores pose potential adverse effects.
- The company is dependent on government authorities for a substantial proportion of the business and revenue. Any decline in the budgetary allocation towards infrastructure and environmental projects and delays in payment will have a material impact on the business, financial condition, and results of operations.
- There are outstanding legal proceedings involving the Company amounting to INR 5.11 crores. Any adverse decision in such proceedings may have a material effect on the business, results of operations and financial condition.
Techknowgreen Solutions IPO Peer Comparison
The company does not have any listed peer group operating in the same line of business. Hence peer comparison is not possible.
Techknowgreen Solutions IPO Financial Information
| Particular | As at 31 March 2021 | As at 31 March 2022 | As at 31 March 2023 |
| Revenue (₹ in lakhs) | 780.73 | 987.33 | 1,483.85 |
| Equity (₹ in lakhs) | 296.43 | 355.86 | 633.63 |
| Expenses (₹ in lakhs) | 7 34.18 | 848.12 | 861.78 |
| Profit and Loss After Tax (₹ in lakhs) | 37.17 | 108.18 | 451.38 |
| RoNW (%) | 12.54% | 30.40% | 71.24% |
| Diluted EPS only (₹) | 0.73 | 2.12 | 8.86 |
| NAV per Equity Share (₹) | 5.82 | 6.98 | 12.43 |
| Total Assets (in lakhs) | 1,181.75 | 953.94 | 1,237.25 |
| Total Liabilities (in lakhs) | 885.33 | 598.07 | 603.60 |
Techknowgreen Solutions IPO – Fundamental Analysis
Revenue Growth:
Techknowgreen Solutions has exhibited consistent revenue growth, increasing from ₹780.73 lakhs in 2021 to ₹1,483.85 lakhs in 2023, indicating a positive trend.
Profitability:
The company has significantly improved profitability, with a profit of ₹451.38 lakhs in 2023, up from ₹37.17 lakhs in 2021, showcasing enhanced operational efficiency.
Return on Net Worth (RoNW):
The RoNW witnessed substantial growth, rising from 12.54% in 2021 to a robust 71.24% in 2023, indicating efficient utilization of net worth.
Earnings Per Share (EPS):
The diluted EPS also showed remarkable growth, reaching ₹8.86 in 2023, signifying improved earnings per share.
Asset and Liability Management:
Total assets have increased, reflecting growth and a balanced financial structure. Total liabilities have also shown a steady increase.
Summary:
Techknowgreen Solutions’ IPO presents positive revenue growth, significantly improved profitability, and strong RoNW, suggesting effective management. However, potential investors should assess government revenue dependency and outstanding legal proceedings’ associated risks. Seeking advice from financial experts is advisable.
Techknowgreen Solutions IPO – Industry & Market Potential
India is faced with the challenge of sustaining its rapid economic growth while dealing with the global threat of climate change. This threat emanates from accumulated greenhouse gas emissions in the atmosphere, anthropogenically generated through long-term and intensive industrial growth and high consumption lifestyles in developed countries.
In 2008, India launched the National Action Plan on Climate Change (NAPCC), establishing eight National Missions, covering several initiatives and a slew of measures in the area of solar, water, energy efficiency, forests, sustainable habitat, sustainable agriculture, sustaining Himalayan ecosystem, capacity building and research and development (R&D).
India ranks seventh on the Global Climate Risk Index. The country is looking toward disaster resilient and energy-efficient infrastructures. All these factors are driving the growth of the environmental consulting services market in the region. The Indian Environmental consulting services market size that stands at USD 0.75 billion in 2020 is projected to reach USD 1.1 billion by 2026 at a CAGR of 6.6%.
Techknowgreen Solutions Limited IPO – Type of Offer
The company will issue new shares to raise capital, aiming to collect INR 16.72 crores. This fund will be utilised towards meeting the working capital requirement and to fund the capital expenditure for research and development.
Techknowgreen Solutions Limited IPO Offer Size
Techknowgreen Solutions Limited plans to launch a INR 16.72 crores IPO via fresh equity shares at INR 86 per share. Funds will support research, office, expansion, and loan repayment.
Techknowgreen Solutions IPO Allotment Structure
Techknowgreen Solutions IPO allocation structure includes a 5.02% reservation for Market Makers with 97,600 equity shares. Retail Individual Investors (RII) with applications below INR 2 lakhs are separately allotted from other investors exceeding this value.
Retail Individual Investors (RII): The application value does not exceed INR 2 lakhs. These individual investors apply for shares with a total value of less than Rs. 2 lakhs.
Other than retail individual investors: Such applications where the value exceeds INR 2 lakhs.
Market Maker Reservation: Total of 97,600 equity shares are reserved for market makers. This forms 5.02% of the total issue.
How to apply for a Techknowgreen Solutions IPO?
To apply for the Techknowgreen Solutions IPO through Alice Blue, you would typically follow these steps:
1. Open a Demat and Trading Account: If you don’t have one already, you would need to open a Demat and trading account with Alice Blue.
2. Check for IPO Details: Once your account is active, you can check for the Techknowgreen Solutions IPO details in the IPO section of the Alice Blue platform.
3. Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
4. Submit the Application: Confirm all your details and submit your application.
You can apply for Techknowgreen Solutions IPO at Alice Blue in just a few clicks!
Check Allotment Status: Post the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How to Check Techknowgreen Solutions IPO Allotment Status on Alice Blue?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
1. Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
2. Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
3. Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
4. Select the Techknowgreen Solutions IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Techknowgreen Solutions IPO.
5. Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, it’s recommended to contact Alice Blue’s customer support for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Techknowgreen Solutions IPO:
Registrar’s Website: Visit the website of Bigshare Services Private Limited, the registrar of the Techknowgreen Solutions IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN and application number or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
BSE SME: You can also check the allotment status on the official websites of the Bombay Stock Exchange (NSE) SME Platform. You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after the allotment process has been completed, a few days after the IPO window closes.
Techknowgreen Solutions IPO Offer Registrar
The registrar for the Techknowgreen Solutions Limited’s IPO is Bigshare Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
Bigshare Services Private Limited
Office No. S6-2, 6th Pinnacle Business Park, Mahakali Caves Road,
Andheri East, Mumbai- 400093
Tel No.: +91 – 22 – 6263 8200
E-mail: [email protected]
Website: www.bigshareonline.com
Techknowgreen Solutions IPO FAQs
What is the allotment date of the Techknowgreen Solutions Limited IPO?
The allotment date is September 18, 2023 to September 21, 2023.
What is the price band of the Techknowgreen Solutions Limited IPO?
The price is INR 86 per share.
What is the size of the Techknowgreen Solutions Limited IPO?
The company Techknowgreen Solutions Limited is coming up with an IPO of INR 16.72 crores. The offer consists of a fresh issue of equity shares at INR 86 per share.
What is the listing date of the Techknowgreen Solutions Limited IPO?
The listing date is September 27, 2023
