Techknowgreen Solutions IPO Subscription Status

Techknowgreen Solutions IPO subscription status started on September 18, 2023 and will close on September 21, 2023. Techknowgreen Solutions IPO to raise around ₹16.72 crores via IPO. The retail quota is 50%, while QIB/NII is 50%. The price band is fixed at ₹86 per equity share.

Techknowgreen Solutions IPO Subscription Status

Category	Subscription
QIB	–
NII	1.87
bNII (bids above ₹10L)	–
sNII (bids below ₹10L)	–
RII	5.46
Employee	–
Total	3.67

Techknowgreen Solutions IPO Investor Categories

Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc.
Retail Individual Investors (RII): Retail Individual Investors or NRIs
Employee (EMP): Eligible Employees
Others: Eligible Shareholders

Techknowgreen Solutions IPO Review

Company Overview

Techknowgreen Solutions is a Pune-based company engaged in the consulting and related services for environmental issues. The company was founded in 2001 and is headquartered in Pune, Maharashtra. Techknowgreen Solutions offers a wide range of services, including environmental consulting, environmental engineering, and environmental technology. The company’s services are used in a variety of industries, including infrastructure, chemical, automobile, healthcare, manufacturing, real estate, and national/state governments.

Financial Highlights

Techknowgreen Solutions has a good financial track record. The company’s revenue has grown steadily over the past few years, and its profitability has also improved.

Revenue: ₹14.86 crores (FY 2022-23)
Profit after tax: ₹4.51 crores (FY 2022-23)
Net margin: 30.35% (FY 2022-23)

The company’s financial performance is supported by its strong customer base, which includes leading companies in a variety of industries. The company also benefits from its low-cost production base.

IPO Details

Techknowgreen Solutions is raising ₹16.72 crores through its IPO. The IPO price band is ₹86-88 per share. The IPO will open for subscription on September 18, 2023, and close on September 21, 2023.

Pros and Cons

Pros:

Strong financial track record with steady revenue growth and improved profitability.
Strong customer base, which includes leading companies in a variety of industries.
Low-cost production base.
IPO proceeds will be used to finance expansion plans, which will help the company to increase its market share and meet the growing demand for its services.
Growing demand for environmental consulting and related services due to increasing environmental awareness and regulations.

Cons:

Operating in a highly competitive and fragmented segment.
Financial performance sensitive to the overall economic conditions.
Small equity capital post IPO indicates longer gestation for migration to mainboard.

Overall Assessment

Techknowgreen Solutions is a well-established environmental consulting and related services company with a good financial track record. The company is well-positioned to benefit from the growing demand for its services. The IPO proceeds will be used to finance expansion plans, which will help the company to increase its market share and meet the growing demand.

However, investors should carefully consider the risks involved before investing in the Techknowgreen Solutions IPO. The company is operating in a highly competitive and fragmented segment. Its financial performance is also sensitive to the overall economic conditions. Additionally, the small equity capital post IPO indicates that it may take longer for the company to migrate to the mainboard of the NSE.

Investment Recommendation

Techknowgreen Solutions IPO is a good option for investors looking for exposure to the environmental consulting and related services industry. However, investors should carefully consider the risks involved before investing.

Recommendation for retail investors:

Retail investors can apply for the Techknowgreen Solutions IPO if they are comfortable with the risks involved. The IPO is a good option for investors looking for exposure to the environmental consulting and related services industry. However, retail investors should consider investing a small portion of their portfolio in this IPO.

Recommendation for institutional investors:

Institutional investors can consider investing in the Techknowgreen Solutions IPO if they are looking for a well-established company with a good financial track record. However, institutional investors should do their own due diligence before investing in the IPO.