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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.
| 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 Size | 5,250,000 shares (aggregating up to ₹5.25 Cr) |
| Fresh Issue | 5,250,000 shares (aggregating up to ₹5.25 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 270,000 shares |
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 Offered | 270,000 (5.14%) |
| Other Shares Offered | 2,490,000 (47.43%) |
| Retail Shares Offered | 2,490,000 (47.43%) |
| Total Shares Offered | 5,250,000 (100%) |
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 |
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 | |||
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% |
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.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-19 | 4601.52 | 3173.32 | 223.3 | 2619.1 | 1904.86 |
| 31-Mar-20 | 4530.39 | 2324.05 | 10.25 | 2629.35 | 1915.11 |
| 31-Mar-21 | 4648.97 | 3526.79 | 10.56 | 2639.91 | 1925.67 |
| 31-Jan-22 | 4404.55 | 711.81 | 7.13 | 2647.04 | 1218.56 |
| Amount in ₹ Lakhs | |||||
The market capitalization of Agni Green Power IPO is Rs 19.54 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 250 |
The Objects of the Issue are:
[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...
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)
| Category | Subscription (times) |
|---|---|
| Other | 107.40 |
| Retail | 39.92 |
| Total | 73.66 |
| Listing Date | August 1, 2022 |
| BSE Script Code | |
| NSE Symbol | AGNI |
| ISIN | INE0LF301013 |
| Final Issue Price | ₹10 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹10.00 |
| ₹25.00 |
| ₹23.75 |
| ₹26.25 |
| ₹26.25 |
Agni Green Power Limited
114, Rajdanga Gold Park,
Piyali Apartment, 1st Floor,
South Parganas, Kolkata-700107
Phone: +91 93324 41988
Email: cs@agnipower.com
Website: https://www.agnipower.com/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
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Check our SME IPO Guide 
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
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.
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