{"id":23352,"date":"2023-09-16T12:17:31","date_gmt":"2023-09-16T06:47:31","guid":{"rendered":"https:\/\/bizzsight.com\/index.php\/2023\/09\/16\/techknowgreen-solutions-ipo-opens-on-18th-september-2023\/"},"modified":"2023-09-16T12:17:31","modified_gmt":"2023-09-16T06:47:31","slug":"techknowgreen-solutions-ipo-opens-on-18th-september-2023","status":"publish","type":"post","link":"https:\/\/bizzsight.com\/index.php\/2023\/09\/16\/techknowgreen-solutions-ipo-opens-on-18th-september-2023\/","title":{"rendered":"Techknowgreen Solutions\u2019 IPO Opens on 18th September, 2023"},"content":{"rendered":"<div>\n<div class=\"dsprime\"><\/div>\n<p><strong>New Delhi (India), September 16<\/strong>: Techknowgreen Solutions Limited,\u00a0an environmental consulting company, has announced its plans to go public with an Initial Public Offering (IPO). The issue opens for subscription on September 18th, 2023 and closes on September 21st\u00a02023. The company is aiming to raise\u00a0\u20b9\u00a016.72 crore through this IPO, with shares to be listed on the BSE SME platform.<\/p>\n<p>Equity Share Allocation<\/p>\n<ul>\n<li>Non Retail Individual Investors (NII) \u2013 9,23,200 Equity Shares<\/li>\n<li>Retail Individual Investors (RII) \u2013 9,23,200 Equity Shares<\/li>\n<li>Market Maker \u2013 97,600 equity Shares<\/li>\n<\/ul>\n<p>The net proceeds from the IPO will be utilized to fund research and development initiatives, infrastructure expansion, hiring and resourcing, repayment of bank loan, and general corporate purpose.\u00a0<\/p>\n<p>The Lead Manager to the Issue is Indorient Financial Services Limited and The Registrar to the Issue is Bigshare Services Private Limited.<\/p>\n<p>Dr. Ajay Ojha, Managing Director,\u00a0Technowgreen Solutions Limited\u00a0said, \u201cWith over 20 years of experience we are well positioned to provide environmental consultancy services to various areas like regulatory framework, sustainability, technology and engineering. The IPO funding will enhance our capabilities to expand our reach to clients across different industries. Investment in R&amp;D, human resources and infrastructure and will strengthen our capability to execute turnkey projects and stay ahead of competition.\u201d<\/p>\n<p>Further, the issue will also help us enhance our brand and create a public market for our equity shares.\u201d<\/p>\n<p>Mr. Prasad Pawar, CEO and Director, Techknowgreen Solutions Limited said,\u00a0\u201cIPO is an opportunity for us to enhance our scale and visibility. Enhancement of resources will help us cater to larger government projects\u201d.<\/p>\n<p>Mr. Ivor Misquith, Executive Director, Indorient Financial Service Limited,\u00a0the lead manager to the issue,\u00a0said,\u00a0\u201cWe\u2019re delighted with this opportunity of being associated with Techknowgreen Solutions Limited as the Lead Manager and being a partner in their journey of becoming a Listed entity. \u00a0We are proud to bring a company like Techknowgreen to the capital markets and hope to continue to engage investors with quality transactions\u201d.<\/p>\n<p>If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi (India), September 16: Techknowgreen Solutions Limited,\u00a0an environmental consulting company, has announced its plans to go public with an Initial Public Offering (IPO). The issue opens for subscription on September 18th, 2023 and closes on September 21st\u00a02023. The company is aiming to raise\u00a0\u20b9\u00a016.72 crore through this IPO, with shares to be listed on the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23353,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[11],"class_list":["post-23352","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/bizzsight.com\/index.php\/wp-json\/wp\/v2\/posts\/23352","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bizzsight.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bizzsight.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bizzsight.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bizzsight.com\/index.php\/wp-json\/wp\/v2\/comments?post=23352"}],"version-history":[{"count":0,"href":"https:\/\/bizzsight.com\/index.php\/wp-json\/wp\/v2\/posts\/23352\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bizzsight.com\/index.php\/wp-json\/wp\/v2\/media\/23353"}],"wp:attachment":[{"href":"https:\/\/bizzsight.com\/index.php\/wp-json\/wp\/v2\/media?parent=23352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bizzsight.com\/index.php\/wp-json\/wp\/v2\/categories?post=23352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bizzsight.com\/index.php\/wp-json\/wp\/v2\/tags?post=23352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}