Techknowgreen Solutions IPO Opens on Monday 18 September 2023: Techknowgreen Solutions, a small and medium-sized company, is going public, which means they’re offering shares of their company for sale to the public.
This starts on September 18, 2023. They want to raise ₹16.72 crore by selling shares at ₹86 each. Each share originally had a face value of ₹10.
In this IPO, they are releasing 19.44 lakh new shares, which will add up to ₹16.72 crore. You’ll need to buy at least 1,600 of them, and you can buy more in multiples of 1,600.
For regular investors, this means a minimum investment of ₹137,600. For high net worth individuals (HNI), it’s 2 lots or 3,200 shares, which is ₹275,200.
Techknowgreen Solutions IPO Important Dates
| IPO Open Date | Monday, September 18, 2023 |
| IPO Close Date | Thursday, September 21, 2023 |
| Basis of Allotment | Tuesday, September 26, 2023 |
| Initiation of Refunds | Wednesday, September 27, 2023 |
| Credit of Shares to Demat | Thursday, September 28, 2023 |
| Listing Date | Friday, September 29, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 21, 2023 |
The IPO will close on September 21, and the shares will start trading on the BSE SME platform around September 29.
The money they raise from this IPO will be used for things like research and development, making their facilities bigger, hiring more people, paying off loans, and other company needs.
Techknowgreen Solutions IPO Important Details
| Face Value | ₹10 per share |
| Price | ₹86 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 1,944,000 shares (aggregating up to ₹16.72 Cr) |
| Fresh Issue | 1,944,000 shares (aggregating up to ₹16.72 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 5,438,730 |
| Share holding post issue | 7,382,730 |
| Market Maker portion | 97,600 shares Alacrity Securities |
Indorient Financial Services Ltd is helping with the IPO, and Bigshare Services Pvt Ltd is managing the paperwork. Alacrity Securities is the market maker, which means they’ll help with buying and selling these shares.
Dr. Ajay Ojha, the Managing Director of Techknowgreen Solutions, said they have lots of experience in environmental consulting, and this IPO will help them do more and better work for their clients. They plan to use the money to grow and stay ahead of their competition.
They specialize in environmental consulting and are one of the first companies in India to use software and technology for environmental solutions.
Should Apply or Avoid Techknowgreen Solutions IPO?
When you decide to invest in an IPO, you should really think about your own money situation and do a lot of research about the company. Making smart choices when you’re investing in the stock market is super important.
More conviction upon this IPO from our side can only be shared upon its initial response and Grey Market Premium. Stay connected for more Updates!
