Techknowgreen Solutions Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

Techknowgreen Solutions Ltd IPO
Registered Office: Flat-202 Hem Opal Aprt.Plot#26,Ekta Park Society Wakdewadi , Pune - 411003 , Maharashtra , India. Phone : +91 9607002553 Fax: Email : cs@techknowgreen.com Website : www.techknowgreen.com
Initial public offering of 19,44,000 equity shares of face value of (Rs)10.00 each ("Equity Shares") of Techknowgreen Solutions Limited ("TSL" or "Company" or "Issuer") for cash at a price of (Rs)86.00 per equity share including a share premium of (Rs)76.00 per equity share (the "Issue Price") aggregating upto (Rs)16.72 crores ("The Issue") of which 97,600 equity shares of face value of (Rs)10.00 each for cash at a price of (Rs)86.00 per equity share including a share premium of (Rs)76.00 per equity share aggregating to (Rs)0.84 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 18,46,400 equity shares of face value of (Rs)10.00 each at a price of (Rs)86.00 per equity share including a share premium of (Rs)76.00 per equity share aggregating to (Rs)15.88 crores (the "Net Issue"). The issue and the net issue will constitute 26.33% and 25.01% respectively of the post issue paid up equity share capital of the company. The face value of the equity share is (Rs)10.00 and the issue price is 8.6 times of the face value of the equity shares.

Issue		Money Payable On
Opens On	Closes On	Application	Allotment
18-Sep-23	21-Sep-23	(Rs)86.00-0.00	(Rs)0.00-0.00
Minimum Application for shares in Nos :1600 Further Multiples of :1600

(Rs Cr)

Lead Managers to the Issue

Project Cost

12.87

Indorient Financial Services Ltd

Project Financed through Current Offer

16.72

Post Issue Equity Share Capital

7.38

Issue Price

(Rs)86.00

Projects

Investment in research and development intiatives with includes hiring of experienced R&D resources and purchase of equipment to support R&D intiatives	Expension of its execution and support services teams including hiring of resources with experties in environmental consulting
Investment in office premises	Repayment of Bank facilities
Refurbishment of new office premises and purchase of office equipemnts	General corporate purposes

Promoted By
Ajay Ramakant Ojha
Prasad Rangrao Pawar

Listing At
BSE - SME

Registrar to the Issue

Bigshare Services Pvt Ltd