Techknowgreen Solutions IPO: Latest GMP, subscription status on day 3, other key details
₹86 per equity share of face value of ₹10 each. Techknowgreen IPO lot size is 1,600 equity shares and in multiples of 1,600 equity shares thereafter.
Techknowgreen IPO, which is worth ₹16.72 crores, is completely a fresh issue; there is no offer for sale (OFS) component. The company intends to use the net proceeds from the offering to finance the following objectives, including investments in research and development (R&D) initiatives, including the hiring of experienced R&D resources and the purchase of equipment to support R&D initiatives, investments in office space, including the renovation of new office space and the purchase of office equipment, and the expansion of its execution and support service teams, including the hiring of resources with expertise in environmental protection, and general corporate purposes.
Ajay Ramakant Ojha and Prasad Rangrao Pawar are promoters of the company and promoters' shareholding in the company in pre issue stands at 89.02 per cent which will go down to 65.58 per cent in post-listing phase of the public issue. Techknowgreen Solutions IPO's book-running lead manager is Indorient Financial Services Ltd, and the issue's registrar is Bigshare Services Pvt Ltd.
Alacrity Securities is the market maker for the IPO Techknowgreen IPO subscription status was 6.95 times on day 3, so far. The issue received positive response from retail investors who's portion set was subscribed 10.41 times, and non-institutional buyers who's portion set was subscribed 3.49 times, according to data on chittorgarh.com.
The company has received bids for 1,28,36,800 shares against 1,944,000 shares on offer, at 14:03 IST, according to data on chittorgarh.com. Techknowgreen Solutions Limited IPO subscription status
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