Times Green Energy IPO

Times Green Energy IPO (SME) Details

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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 nameTimes Green Energy (India) Ltd
Company Websitewww.timesgreenenergy.com

Dates to remember

IPO Open16 June 2021
IPO Close22 June 2021
Basis of Allotment25 June 2021
Refunds date28 June 2021
Credit to Demat Account29 June 2021
 Listing Date30 June 2021

IPO details

Issue typeFixed Price Issue
IPO issue size₹4.05 C Crores
Shares offered664,000 Eq Shares
Face value₹10 Per Equity Share
Offer Price₹61 per equity share
Lot size2000 Shares
Minimum application1 Lot2000 Shares
Maximum application2000 Shares
Minimum application amount₹122,000
Maximum application amount₹122,000
Listing ExchangeBSE SME

Financial summary

ParticularsFor the year/period ended (₹ in lakhs)
Total Assets452.64371.95242.08392.00
Total Revenue122.001,514.721,515.512,019.09
Profit After Tax4.2412.349.778.04

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

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

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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  1. Pingback: IPO List 2021: a complete list of IPOs in 2021 - finvestfox.com

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