Times Green Energy IPO will open for subscription from 16 June 2021. company aims for an issue size of ₹4.05 Cr through this fixed price issue IPO.
Also read: IPO List 2021: a complete list of IPOs in 2021
Times Green Energy (India) Ltd
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.
Objects of the Issue
- For capital requirements.
- To finance purchase and set-up of registered office.
- To finance purchase of vehicles and ERP packages.
- For setting up of Sanitary Napkin SBUs.
- To meet general corporate purposes.
Competitive strengths
- Strong distribution network in Southern India.
- Large product portfolio.
- Experienced management team.
Basic details about the company
| Full name | Times Green Energy (India) Ltd |
| Sector | Trading |
| Industry | Trading |
| Company Website | www.timesgreenenergy.com |
Dates to remember
| IPO Open | 16 June 2021 |
| IPO Close | 22 June 2021 |
| Basis of Allotment | 25 June 2021 |
| Refunds date | 28 June 2021 |
| Credit to Demat Account | 29 June 2021 |
| Listing Date | 30 June 2021 |
IPO details
| Issue type | Fixed Price Issue |
| IPO issue size | ₹4.05 C Crores |
| Shares offered | 664,000 Eq Shares |
| Face value | ₹10 Per Equity Share |
| Offer Price | ₹61 per equity share |
| Lot size | 2000 Shares |
| Minimum application | 1 Lot–2000 Shares |
| Maximum application | 2000 Shares |
| Minimum application amount | ₹122,000 |
| Maximum application amount | ₹122,000 |
| Listing Exchange | BSE SME |
Financial summary
| 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 |
Company Promoters
- Mrs. Dinne Lakshmi Jumaal
- Mrs. Kanpuarthi Vani
Lead manager
- Aryaman Financial Services limited
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
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/
Final thoughts
Times Green Energy IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make a wise decision.
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