Times Green Energy (India) Limited, established in 2010, is involved in the cultivation and sale of agricultural produce, as well as the trading of natural organic products, bioproducts, and pesticides. The company operates in two business segments, which are Agro-Business (focused on the distribution of agro products and agrochemicals, including organic bio-products) and Women Hygiene and Safety (focused on the distribution of sanitary napkins).
In September 2020, it launched Bharatbazaar (Kisaan to Kitchen), an app designed to sell over 1000 products such as cooking essentials, dairy products, branded foods, and sanitary napkins in the vicinity of Hyderabad.
Times Green Energy IPO Details
| IPO Date | Jun 16, 2021 to Jun 22, 2021 |
| Listing Date | Wednesday, June 30, 2021 |
| Face Value | ₹10 per share |
| Price | ₹61 per share |
| Lot Size | 2000 Shares |
| Issue Size | 664,000 shares of ₹10 (aggregating up to ₹4.05 Cr) |
| Market Maker portion | 40,000 shares |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Company Promoters | Mrs. Dinne Lakshmi Jumaal and Mrs. Kanpuarthi Vani are the company promoters. |
Times Green Energy IPO Tentative Dates
| Event | Tentative Date |
| Opening Date | Jun 16, 2021 |
| Closing Date | Jun 22, 2021 |
| Basis of Allotment | Jun 25, 2021 |
| Initiation of Refunds | Jun 28, 2021 |
| Credit of Shares to Demat | Jun 29, 2021 |
| Listing Date | Jun 30, 2021 |
Industry Overview
Around 58% of India’s population relies mostly on agriculture for their livelihood. In FY20, it was expected that agriculture, forestry, and fishery contributed a total of Rs 19.48 lakh crore (US$ 276.37 billion) (PE). Agriculture and related industries saw a 4% increase in GVA in FY20. Due to its enormous potential for value addition, particularly within the food processing industry, the Indian food industry is primed for tremendous expansion and will likely increase its contribution to the global food trade every year. The sixth-largest food and grocery market in the world is in India, where 70% of sales are made through retail. One of India’s largest industries, food processing makes up 32% of the country’s overall food market and is the fifth-ranked industry worldwide.
Company Financials
Summary of financial Information (Restated Consolidated)
| Particulars | For the year/period ended (₹ in lakhs) | |||
| 30-June-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Assets | 452.64 | 371.95 | 242.08 | 392.00 |
| Total Revenue | 122.00 | 1,514.72 | 1,515.51 | 2,019.09 |
| Profit After Tax | 4.24 | 12.34 | 9.77 | 8.04 |
Objects of the Issue
The Net IPO proceeds will be utilized for the following objectives;
- To finance working capital requirements.
- To finance purchase and set-up of registered office.
- To finance purchase of vehicles and ERP packages.
- To finance setting up of Sanitary Napkin SBUs.
- To meet general corporate purposes.
Times Green Energy IPO Prospectus
Company Contact Information
Times Green Energy (India) Ltd
Flat No. 602, Druva Thara Apartments,
Medinova Complex, Somajiguda Hyderabad – 500082
Phone: 7702632033
Email: info@timesgreenenergy.com
Website: http://www.timesgreenenergy.com/
Times Green Energy IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Times Green Energy IPO Lead Manager(s)
- Aryaman Financial Services limited (Past IPO Performance)
