Times Green Energy IPO Details

Times Green Energy IPO 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
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Times Green Energy financial performance (in INR lakhs)

  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: +91 22 6263 8200
Email: [email protected]
Website: 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  

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. 

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)

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