Times Green Energy IPO Details
Times Green Energy IPO description – Times Green Energy is currently involved in three core business activities – namely distribution of – Agro Products; Agrochemicals (including organic bio-products) and Sanitary Napkins. The company is deeply involved in the rural eco-system surrounding women in and around certain villages of Telangana, Andhra Pradesh & border areas of Karnataka. It also involves local agents and traders based in the state of Telangana for sale of goods. Likewise the Company also procures goods from local dealers and vendors via local agents based in the state of Telangana.
Its promoters began their journey by getting involved in procuring and distribution of natural organic plant protection products and other organic products for the betterment of farming amongst villages and hence the company was formed to formalize such trading and distribution activities. Thereafter in 2018, it formally entered into Woman Hygiene & Safety Segment by launching Sanitary Napkins under the brand name – Monthly times.
Promoters of Times Green Energy – Mrs Dinne Lakshmi Jumaal and Mrs Kanuparthi Vani
| Times Green Energy IPO details | |
| Subscription Dates | 16 – 22 June 2021 |
| Price Band | INR61 per share |
| Fresh issue | 6,64,000 shares (INR4.05 crore) |
| Offer For Sale | Nil |
| Total IPO size | 6,64,000 shares (INR4.05 crore) |
| Minimum bid (lot size) | 2,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
Times Green Energy financial performance (in INR lakhs)
| Â | FY2018 | FY2019 | FY2020 | 9M FY2021 |
| Revenue | 2,019.1 | 1,515.5 | 1,514.7 | 587.5 |
| Expenses | 2,007.4 | 1,502.0 | 1,495.0 | 570.0 |
| Net income | 8.0 | 9.8 | 12.3 | 12.9 |
| Net margin (%) | 0.4 | 0.6 | 0.8 | 2.2 |
Registrar of Times Green Energy IPO
Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis Makwana Road Marol,
Andheri (East), Mumbai – 400059
Phone:Â +91 22 6263 8200
Email:Â [email protected]
Website:Â www.bigshareonline.com
Valuation of Times Green Energy IPO (FY2020)
Earnings Per Share (EPS): INR1.23 Price/Earnings (PE ratio): 49.59 Return on Net Worth (RONW): 9.34% Net Asset Value (NAV): INR13.21 per share
Times Green Energy IPO Subscription Details
| Day |
Subscription (no. of times) |
| Day 1 |
0.62 |
| Day 2 |
1.14 |
| Day 3 |
1.50 |
| Day 4 |
2.03 |
| Day 5 | Â |
Times Green Energy Contact Details
Times Green Energy Limited
Flat No. 602, Druva Thara Apartments, Medinova Complex,
Somajiguda Hyderabad – 500082
Phone: +91 7702632033
Email: [email protected]
Website: www.timesgreenenergy.com
Times Green Energy IPO Allotment Status
Times Green Energy IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.Â
Listing Performance of Times Green Energy
IPO Opening Date: 16 June 2021
IPO Closing Date: 22 June 2021
Finalisation of Basis of Allotment: 25 June 2021
Initiation of refunds: 28 June 2021
Transfer of shares to demat accounts: 29 June 2021
Listing Date: 30 June 2021
Opening Price on BSE SME: INR61.4 per share (up 0.66% from IPO price)
Closing Price on BSE SME: INR61.6 per share (up 0.98% from IPO price)
