Times Green Energy (India) Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 312,000 (47%) | — | ₹190 Cr |
| Retail | — | 312,000 (47%) | — | ₹190 Cr |
| Market Maker | — | 40,000 (6%) | — | ₹2 Cr |
| Σ Total | — | 664,000 (100%) | — | ₹4,050 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹122,000 |
| Retail (Max) | 13 | 26,000 | ₹1,586,000 |
| S-HNI (Min) | 14 | 28,000 | ₹1,708,000 |
| B-HNI (Min) | 67 | 134,000 | ₹8,174,000 |
Financial Statements Amount in Lakhs
| Metric | 30-June-20 | 31-Mar-20 | 31-Mar-19 |
|---|---|---|---|
| Revenue | 122 | 1,515 | 1,516 |
| Profit After Tax | 4 | 12 | 10 |
| Total Assets | 453 | 372 | 242 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Funding Working Capital Requirement – 0.54
- 2 Funding Purchase and Set-up of Registered Office – 1.19
- 3 Funding Purchase of Vehicle and ERP Package – 0.53
- 4 Funding Setting up of Sanitary Napkin SBUs – 0.60
- 5 To fund expenditure for General Corporate Purposes – 0.82
Company Overview
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.
Competitive strengths
- Strong distribution network in Southern India.
- Large product portfolio.
- Experienced management team.