Techknowgreen Solutions Fully Utilizes Rs 16.72 Crore IPO Proceeds

Techknowgreen Solutions Limited, a company specializing in environmental solutions, has announced the complete utilization of its Initial Public Offering (IPO) proceeds amounting to Rs 16.72 crore. The funds were deployed across various strategic objectives during the first half of the financial year ending September 30, 2023, as per the company's recent regulatory filing.

Breakdown of Fund Utilization

The company has provided a detailed account of how the IPO funds were allocated and utilized:

Objective	Amount (Rs in Lakhs)
Research and Development (R&D) initiatives	210.78
Investment in office premises	200.00
Refurbishment of new office and equipment purchase	99.05
Expansion of execution and support service teams	177.00
Repayment of bank facilities	285.08
General corporate purposes	387.46
Issue-related expenses	312.47
Total	1,671.84

Key Highlights

The company raised a total of Rs 16,71,84,000 through its IPO, which was priced at Rs 86 per share (face value of Rs 10 and a premium of Rs 76).
Funds have been fully utilized in accordance with the objectives stated in the company's prospectus dated September 12, 2023.
The Audit Committee and Board of Directors reviewed and approved the fund utilization in their meetings held on November 12 and 13, 2023, respectively.
Vishwas & Associates, the statutory auditors, have certified that the utilization of IPO proceeds complies with the prescribed purposes mentioned in the offer document.

Compliance and Transparency

Techknowgreen Solutions has emphasized its commitment to regulatory compliance and transparency. The company has filed the necessary statements and certifications as required under Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

No Deviations Reported

The company reported no deviations or variations from the stated objectives of the IPO. This adherence to the original plan demonstrates the company's focus on executing its growth strategy as promised to investors during the public offering.

The full utilization of IPO proceeds within the specified timeframe may be seen as a positive indicator of the company's operational efficiency and commitment to its growth plans. Investors and stakeholders can take note of this development as it reflects on the company's ability to deploy capital effectively towards its strategic objectives.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-9.97%	-20.50%	-18.58%	-16.29%	-49.68%	+38.37%

Techknowgreen Solutions Limited has announced its unaudited financial results for the half year ended September 30, 2025. The environmental and infrastructure planning solutions provider reported a net profit ratio of 17.66%, down from 25.95% in the comparable period of the previous year. This decline comes as the company navigates the commissioning costs and ramp-up expenses associated with its newly operational TRL-9 laboratory.

Financial Performance

The company's financial performance for H1 FY26 reflects both growth and challenges:

Particulars	H1 FY26	H1 FY25	YoY Change
Revenue from Operations (₹ in lakhs)	1,679.82	1,356.07	+23.9%
Net Profit (₹ in lakhs)	296.60	380.18	-22.0%
Net Profit Margin	17.66%	25.95%	-831 bps

Despite a robust 23.9% year-on-year increase in revenue from operations, Techknowgreen Solutions' net profit saw a 22.0% decline. This reduction in profitability is primarily attributed to higher operational costs associated with the new TRL-9 laboratory.

Operational Highlights

The company's operational metrics showed mixed results:

Current Ratio: Improved to 2.65 from 3.63, indicating enhanced liquidity due to increased current assets, particularly higher trade receivables and unbilled revenue from additional civil work orders.
Return on Capital Employed (ROCE): Decreased to 11.98% from 16.21%, reflecting the substantial capital expenditure for commissioning the TRL laboratory.
Trade Payables Turnover Ratio: Significantly increased to 351.37% from 63.09%, suggesting more efficient management of payables.

Strategic Developments

Techknowgreen Solutions has completed the utilization of IPO proceeds worth ₹1,671.84 lakhs, marking a significant milestone in its growth strategy. The newly operational TRL-9 laboratory, while currently impacting profitability, is positioned as a key asset for future growth and technological advancement in environmental solutions.

Management Commentary

While specific management quotes are not available, the financial results indicate that the company is in a transitional phase. The increased operational costs and depreciation charges are expected to stabilize as the TRL-9 laboratory reaches steady-state operations, potentially leading to improved ROCE in future periods.

Looking Ahead

As Techknowgreen Solutions navigates the short-term impact of its expansion, the company's focus appears to be on leveraging its enhanced capabilities to drive long-term growth. The increased revenue and strategic investments suggest a forward-looking approach, despite the temporary pressure on profit margins.

Investors and stakeholders will likely be watching closely to see how quickly the new laboratory can contribute positively to the company's bottom line and whether the expanded operational capacity translates into sustained revenue growth in the coming quarters.