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Agni Green Power Limited IPO (Agni Green Power IPO) Detail

July 20, 2022 - July 22, 2022

Agni Green Power IPO is a fixed price issue of Rs 5.25 crores. The issue is entirely a fresh issue of 52.5 lakh shares.

Agni Green Power IPO bidding started from July 20, 2022 and ended on July 22, 2022. The allotment for Agni Green Power IPO was finalized on Wednesday, July 27, 2022. The shares got listed on NSE SME on August 1, 2022.

Agni Green Power IPO price is ₹10 per share. The minimum lot size for an application is 10000 Shares. The minimum amount of investment required by retail investors is ₹100,000. The minimum lot size investment for HNI is 3 lots (30,000 shares) amounting to ₹300,000.

Finshore Management Services Limited is the book running lead manager of the Agni Green Power IPO, while Cameo Corporate Services Limited is the registrar for the issue.

Refer to Agni Green Power IPO RHP for detailed information.

Agni Green Power IPO Details

IPO Date July 20, 2022 to July 22, 2022
Listing Date August 1, 2022
Face Value ₹10 per share
Price ₹10 per share
Lot Size 10000 Shares
Total Issue Size5,250,000 shares
(aggregating up to ₹5.25 Cr)
Fresh Issue5,250,000 shares
(aggregating up to ₹5.25 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Market Maker portion270,000 shares

Agni Green Power IPO Reservation

Agni Green Power IPO offers 5,250,000 shares. 2,490,000 (47.43%) to NII, 2,490,000 (47.43%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered270,000 (5.14%)
Other Shares Offered2,490,000 (47.43%)
Retail Shares Offered2,490,000 (47.43%)
Total Shares Offered5,250,000 (100%)

Agni Green Power IPO Timeline (Tentative Schedule)

Agni Green Power IPO opens on July 20, 2022, and closes on July 22, 2022.

IPO Open Date Wednesday, July 20, 2022
IPO Close Date Friday, July 22, 2022
Basis of Allotment Wednesday, July 27, 2022
Initiation of Refunds Thursday, July 28, 2022
Credit of Shares to Demat Friday, July 29, 2022
Listing Date Monday, August 1, 2022
Cut-off time for UPI mandate confirmation 5 PM on July 22, 2022

Agni Green Power IPO Lot Size

Investors can bid for a minimum of 10000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 10000 ₹100,000
Retail (Max) 2 20000 ₹200,000
HNI (Min) 3 30,000 ₹300,000
Lot Size Calculator

Agni Green Power IPO Promoter Holding

Mr. Hiranmay Saha, Dr. Kanak Mukhopadhyay, Mrs. Chandana Saha and Mr. Arup Kumar Mahanta are the company promoters.

Share Holding Pre Issue 96.50%
Share Holding Post Issue 70.57%

About Agni Green Power Limited

Incorporated in 1995, Agni Green Power Limited is engaged in the business of executing turn-key solar PV power plant projects. The company has two lines of business, including solar power plant designing, engineering, supply, procurement, and construction, installation and commissioning (I&C), and maintenance services and Manufacturing, Assembling of Solar Lighting Systems and other Solar Products. The company has a footprint through four branch offices in Chhattisgarh, Assam, Mizoram and Tripura.

Agni Green Power Limited also manufacture Solar Home Lighting Systems, Solar Street Lighting System, Solar Power Conditioning Unit, Solar Inverter (Hybrid & Grid Connected), Solar Maximum Power Point Tracking (MPPT) Charger, Remote Monitoring and Diagnostic System, Solar Photovoltaic Junction Box, Control Panel, Digital DC Energy Meter, Solar Adapter and Solar Pump Controller etc.

The company has an R&D facility to research and develop new indigenous products. Agni is an ISO 9001:2015, 14000:2015 and OHSAS 18001:2007 certified organisation.

Company Financials

Agni Green Power Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
Amount in ₹ Lakhs

Key Performance Indicator

Agni Green Power IPO Market Cap is Rs 19.54 Cr and P/E (x) is 250.

KPI Values
P/E (x)250
Market Cap (₹ Cr.)19.54

Objects of the Issue (Agni Green Power IPO Objectives)

The Objects of the Issue are:

  • To meet the working capital requirements
  • To meet the Issue Expenses
  • General Corporate Purposes

Agni Green Power IPO Review (May apply)

[Dilip Davda]  AGPL is in a highly competitive and fragmented segment of Solar power products. Its inconsistent financial performance indicates its inability to sustain growth despite having a wide product range. Based on FY22-10M performance, the issue is highly priced despite being at par. Based on its NAV and P/BV ratio, the issue appears attractive, but due to poor financial performance, it becomes risky. Hence, risk seeker/cash surplus investors may consider this at par issue for the long term. Read detail review...

Agni Green Power IPO Subscription Status (Bidding Detail)

The Agni Green Power IPO is subscribed 73.66 times on July 22, 2022 5:00:00 PM. The public issue subscribed 39.92 times in the retail category, times in the QIB category, and 107.40 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Agni Green Power IPO Prospectus

Agni Green Power IPO Rating

Rating:Rated 4.2 stars
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Agni Green Power IPO Listing Details

Listing Date August 1, 2022
BSE Script Code
Final Issue Price ₹10 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Agni Green Power Limited Contact Details

Agni Green Power Limited
114, Rajdanga Gold Park,
Piyali Apartment, 1st Floor,
South Parganas, Kolkata-700107
Phone: +91 93324 41988

Agni Green Power IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390

Agni Green Power IPO - Buy or Not

Agni Green Power IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 1 0 2

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Agni Green Power IPO FAQs

Agni Green Power IPO is a SME IPO of 5,250,000 equity shares of the face value of ₹10 aggregating up to ₹5.25 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000 Shares.

The IPO opens on July 20, 2022, and closes on July 22, 2022.

Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Agni Green Power IPO using UPI as a payment gateway. Zerodha customers can apply in Agni Green Power IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Agni Green Power IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Agni Green Power IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Agni Green Power IPO opens on July 20, 2022 and closes on July 22, 2022.

Agni Green Power IPO lot size is 10000 Shares, and the minimum amount required is ₹100,000.

You can apply in Agni Green Power IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Agni Green Power IPO will be done on Wednesday, July 27, 2022, and the allotted shares will be credited to your demat account by Friday, July 29, 2022. Check the Agni Green Power IPO allotment status.

The Agni Green Power IPO listing date is on August 1, 2022.
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Agni Green Power IPO Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



229. Vijaya Kumar Bathini |   Link |August 24, 2022 2:57:12 PM
Can anyone help in Knowing why Agni hit UC today suddenly after downward trend
229.5. Vijaya Kumar Bathini |   Link |August 26, 2022 2:46:11 PM
@Takamichi, I see it turned Green today, Thank You. But I am not going to sell at the moment as I can see it can reach to 42 in the mid of September
229.6. Takamichi |   Link |August 26, 2022 10:37:07 PM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
It was expected to have some selling pressure today at around 30 which was the high it made in its first week
....once it Crosse 31 then it's surr to reach 40 soon.....moreover there has been buying and selling at each level so it's consolidating at each level
228. ColdBurger |   Link |August 25, 2022 12:12:57 AM
IPO Mentor IPO Mentor (1100+ Posts, 300+ Likes)
Allotted one lot from HNI. Fingers crossed, first SME application I applied ever so mixed feeling. Hope it is profitable to me. Need to read comments from SME veterans to decide what to do.
228.1. ColdBurger |   Link |August 25, 2022 12:53:15 AM
IPO Mentor IPO Mentor (1100+ Posts, 300+ Likes)
It is OLatech, by mistake posted here.
227. Akhil Sanghvi |   Link |August 24, 2022 11:27:39 PM
I had recommended yesterday in money control forum that from today upward trend start with welcome of upper circuit a perfect study it has potential to reach 50 and it is very hot 🔥 theme hence can become like kotyark when the next results are out
226. dhanapal |   Link |August 24, 2022 2:30:59 PM

Any reason for yeterday LC ( ALMOST) and todays LC

225. lucky boy |   Link |August 24, 2022 11:05:53 AM
IPO Mentor IPO Mentor (1000+ Posts, 300+ Likes)
anyone debit-unblocked rbl bank?? plz update me
224. IPOGUY |   Link |August 24, 2022 10:25:55 AM
Applied in retail from 4 0/4. kya karun mai mar jaun
223. Takamichi |   Link |August 20, 2022 3:03:21 AM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
Anyone holding agni?
222. lokes |   Link |August 11, 2022 3:28:40 PM
IPO Guru IPO Guru (4200+ Posts, 4900+ Likes)
Applied 45 lots.....anyone can join :)
221. Vijaya Kumar Bathini |   Link |August 11, 2022 12:30:57 PM
Don't Panic, this stock has the potential to touch 40 RS/., considering the low quantity always a high chance of a pump. Wait for the quarterly results.
220. NitinRavi |   Link |August 10, 2022 7:48:18 PM
Hi All,

I am trying to sell Agni power shares however it's giving me below error. Could you please suggest if we can't sell it due to some time bounding or could sell only part of it.
Or is it I have to enable some setting.
Note - I am trying to put a offline order. Is it offline order can't be of this much big quantity..i.e 10000

Error - 1|E security hold has been blocked
220.1. Takamichi |   Link |August 10, 2022 8:15:38 PM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
When did u buy it?
220.2. NitinRavi |   Link |August 10, 2022 9:03:15 PM
On allotment day..29th/30th July.
Its coming down and down... don't know if it will touch 4-5 rupees. SME stocks..don't have idea
219. Nareshkumar |   Link |August 6, 2022 4:03:46 PM
Bought yesterday at LC ( 1 lot )
Lets see how it goes.

218. D. S. CHAVHAN |   Link |August 2, 2022 10:50:06 PM
still block amout not realase any body relase.... Refund nahi hua to Kya karna chahiye.... experience person please help
218.5. Imhilli |   Link |August 11, 2022 9:23:44 PM
IPO Guru IPO Guru (1200+ Posts, 700+ Likes)
You may talk to the registrar. In USA IPO I did so to release the blocked fund.
218.6. R.K. |   Link |August 12, 2022 4:37:03 PM
Finally Today Unblock Amount and Released Fund From SBI

Thanks 😌
217. Karan HNI guru |   Link |August 5, 2022 5:42:25 PM
Glad I sold at 30
Happy and satisfied !
216. K.Atar |   Link |August 5, 2022 11:42:45 AM
IPO Mentor IPO Mentor (1000+ Posts, 700+ Likes)
Agni bujh gayi kya..
216.1. Trueinfo |   Link |August 5, 2022 3:21:25 PM
IPO Guru IPO Guru (1800+ Posts, 1700+ Likes)
@ K Atar, Agni ne logon ki jeb khoob garam kar di hai. Aur kya chahiye isse. Jyaada garam hone se jalne ka bhi khatra rahta hai.
215. Vijaya Kumar Bathini |   Link |August 5, 2022 10:59:34 AM
People Started selling, already price dipping now. May come way below 20
215.1. Trueinfo |   Link |August 5, 2022 11:14:15 AM
IPO Guru IPO Guru (1800+ Posts, 1700+ Likes)
LC today.
214. sbipo |   Link |August 4, 2022 10:26:54 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
@Karan HNI guru,
Don't worry,it would go on circuiting to reach 1 cr valuation as @Monster Zero rightly said within this yrat,just go and sleep if u have this
213. Karan HNI guru |   Link |August 3, 2022 5:45:57 PM
Tomorrow it will decide the next target of 40 or more.
213.1. Tesonaj |   Link |August 3, 2022 7:14:15 PM
Pump it!!
212. Jetha Lal |   Link |August 2, 2022 11:30:46 PM
IPO Guru IPO Guru (1000+ Posts, 2100+ Likes)

The coincidences:)
Brokerages give 50-125% upside potential targets,
Company post best ever quarter result,
Stock goes up 20%,
Uber Inc comes to offload complete stake of 7.8% for $373 million between price range of Rs 48-54/share.

I think it should be seen in entirety by connecting the dots😉

Thank you 🙏
212.4. NitinRavi |   Link |August 10, 2022 8:33:45 PM
On allotment day..29th/30th July.
Its coming down and down... don't know if it will touch 4-5 rupees. SME stocks..don't have idea
212.5. Imhilli |   Link |August 11, 2022 9:26:07 PM
IPO Guru IPO Guru (1200+ Posts, 700+ Likes)
@ NitinRavi
Who is your broker? You should contact the customer care to get it resolved. There must be some software glitch.
211. BANSAL ANKUR |   Link |August 3, 2022 10:21:32 AM
Sold@28.9 😊
Best of luck to all the holder's.
210. BANSAL ANKUR |   Link |August 2, 2022 6:38:40 PM
Should I sell it tomorrow itself.
Or should I wait.
Anything can happen from Thursday.
I believe it's value is not more than 30 Rs per share.
210.3. Tesonaj |   Link |August 3, 2022 9:19:15 AM
@Bansal, real value is decided by market (supreme selector). If you are not able to sleep in night then it's time to sell it.
210.4. sbipo |   Link |August 3, 2022 10:16:08 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
As this was my first sme ipo in life,I sold @27.55 yesterday being unable to hold for long,as a short term palyer,initially thought of definitely selling it @28.8 for certainty today,and that Kolkata based company with poor financial made me nervous too,rest market is supreme