Times Green Energy (India) Limited, a Hyderabad based company promoted by all women with humble back grounds
is set to launch its IPO on 16th June
Times Green Energy (India) Limited, A Hyderabad based company will launch an IPO on June 16. The company has set a target of Rs. 405.04 lakhs through the IPO. The issue that will begun on 16th June will close on 22nd June. Company has set an issue price of Rs.61/- per a share of Rs. 10/- face value i.e. with a premium of Rs.51 per share.
Among the total shares set to be issued by the company forty thousand shares are reserved for market makers (financial institutions) and remaining 6,24,000 shares will be issued to retail investors.
Aaryaman Financial Services Limited is acting as lead managers for this issue.
Times Green Energy (India) Limited (TIMES), has been promoted by a group of Women Entrepreneurs came from very humble back grounds. It’s all women board is headed by Mrs Lakshmi as its Managing Director. Mrs Lakshmihas won several awards for her excellence in establishing Times Green Energy (India) Limited as one of the best companies in its segment.
TIMES Green Energy (India) Limited has been in the business of Farming and has recently entered into the Woman Hygiene and Safety Segment by manufacturing and marketing of Sanitary Napkins, besides the Baby Nappies and Adult Nappies. In less than Five years year of its incorporation, it has built a very strong Distributor Network through which it is able to reach nearly 700 retail dealer outlets across Telangana.
The Company also has recently entered in E-Commerce with “Bharat Bazar” as its brand name.
From Rs.10 lakhs of turnover in the first year of operations, the company has achieved a turnover of Rs.20 crores in the financial year 2019-20.
The company has plans to utilise the proceeds from the issue to upgrade its Corporate Office Infrastructure, to setup various mini manufacturing units to process/manufacture various products, for its working capital requirements and also for other general corporate requirements.
#602, 6th Floor,Times Green House, Dhruvathara Apts, Somajiguda, Hyderabad
Telangana, India – 500 082. www.timesgreenenergy.com