Times Green Energy India Ltd IPO Details with Share Price Range and Issue Size

Home/Article/Times Green Energy India Ltd IPO Details with Share Price Range and Issue Size

09 Aug 2023

Opening Date	June 16, 2021
Closing Date	June 22, 2021
Face Value	Rs. 10 per equity share
IPO Price	Rs. 61 per equity share
Minimum Order Quantity	2,000 equity shares
Issue Size	6,64,000 equity shares (Rs. 4.05 crores)

The public issue from Times Green Energy India Ltd is one of the many upcoming IPOs in the month of June, 2021. In this article, we’re going to be taking a closer look at some of the key Times Green Energy IPO details.

About the company

Having been incorporated in 2010, Times Green Energy India Ltd is a relatively new company with its headquarters in Hyderabad. The company’s primary business involves trading in agricultural products and produce. In addition to that, Times Green Energy is also involved in farming activities as well.

The product portfolio consists of natural organic products, pesticides, and other bio products. The company’s business can be spread across two primary verticals - agriculture and women hygiene and safety.

Times Green Energy IPO details

Now that you’ve been made aware of the company, here are some key details of the upcoming IPO including the Times Green Energy IPO date and Times Green Energy IPO share price.

Times Green Energy IPO date

The company’s latest IPO is due to open up on June 16, 2021. After staying open for around 5 days, the issue will come to a close on June 22, 2021.

Times Green Energy IPO issue size

The total issue size of the latest IPO of Times Green Energy India Ltd is around 6,64,000 equity shares. The company is likely to receive around Rs. 4.05 crores as a result of this stake sale.

Times Green Energy IPO share price

The IPO price of the company’s public issue has been notified as Rs. 61 per equity share. Since the face value of its shares are just Rs. 10 per share, around Rs. 51 per share would be the premium.

Times Green Energy IPO listing

The company operates in the SME segment and therefore its shares would be listed on the SME platform of Bombay Stock Exchange (BSE).

Times Green Energy IPO objectives

The company has notified that it would use the net proceeds from the IPO to further the following objectives.

For meeting working capital requirements
For purchasing and setting up a registered office
For purchasing vehicles and ERP packages
For setting up sanitary napkin SBUs
For meeting general corporate expenses

Conclusion

Investing in an IPO like the Times Green Energy public issue requires you to have an active demat account. With Motilal Oswal, you can open a demat account online for free and get instant access to the stock market.

Before commencing online trading, always remember to open a demat account and trading account with a trusted and reliable financial partner.

If you already have an existing account, you can start your online trading and invest in the upcoming IPO 2023.

With a plethora of companies coming forward with their own IPOs in quick succession, you can keep a track of all the upcoming IPOs by regularly following our IPO calendar.

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