Organic products firm Times Green Energy to launch Rs. 4.05 Cr IPO

Business Line  

Hyderabad-based Times Green Energy (India) Ltd is set to launch an IPO on June 16 to raise INR 4.05 crore. The company has set an issue price of INR 61 per a share of INR 10 face value. Aaryaman Financial Services is acting as lead managers for this issue, which closes on June 22. Promoted by a group of women entrepreneurs and engaged in the business of farming, the all-woman board is headed by Lakshmi Jumaaldinne, its MD. Green Energy recently entered the woman hygiene and safety segment with the launch of sanitary napkins, baby and adult diapers.

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