Techknowgreen Solutions Ltd - IPO

Techknowgreen Solutions Ltd IPO Details

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.

Objective of issue

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

Techknowgreen Solutions Ltd Contact Details

Techknowgreen Solutions Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@techknowgreen.com

Website - www.techknowgreen.com