Techknowgreen Solutions IPO: Unlisted Market Premium and Key Details

Techknowgreen Solutions IPO: Unlisted Market Premium and Key Details

VoM News Desk | September 18, 2023 | 08:54 AM IST | Breaking News | Follow on Google News

Techknowgreen Solutions IPO: Unlisted Market Premium and Key Details

The Techknowgreen Solutions Limited’s initial public offering (IPO) has officially opened for subscription and will continue to accept bids until September 21, 2023. This fixed-price issue is earmarked for listing on the BSE SME exchange, with a price band set at ₹86 per equity share.

Before the subscription phase began, Techknowgreen Solutions shares entered the unlisted market for trading. According to market observers, shares of Techknowgreen Solutions Ltd are commanding a premium of ₹25 in the grey market as of today.

Key Details of Techknowgreen Solutions IPO

Here are some vital details about the Techknowgreen Solutions IPO summarized in 10 points:

1. Grey Market Premium (GMP): Market observers report that Techknowgreen Solutions Ltd shares are trading at a premium of ₹25 in the grey market.
2. IPO Price: The IPO is priced at ₹86 per share.
3. IPO Timeline: The IPO opened for subscription on the specified date and will conclude on September 21, 2023.
4. IPO Size: Techknowgreen Solutions aims to raise ₹16.72 crore through this public offering.
5. Lot Size: One lot of the public issue comprises 1600 company shares.
6. Allotment Date: The tentative date for the finalization of share allocation is set for September 26, 2023.
7. Registrar: Bigshare Services Pvt Ltd has been appointed as the official registrar for this fixed-price issue.
8. Listing Exchange: The IPO is intended for listing on the BSE SME exchange.
9. Listing Date: The public offer is expected to debut on Dalal Street on September 29, 2023.
10. Promoters’ Shareholding: Ajay Ramakant Ojha and Prasad Rangrao Pawar are the promoters of the company. The promoters’ pre-issue shareholding in the company stands at 89.02%, which is expected to decrease to 65.58% following the listing phase of the public issue.

Investors and market enthusiasts are closely monitoring the Techknowgreen Solutions IPO as it progresses through the subscription period and prepares for its debut on the stock exchange.

VoM News Desk

VoM News is an online web portal in jammu Kashmir offers regional, National & global news.