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

Jul 20, 2022 - Jul 22, 2022

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
31-Mar-194601.523173.32223.32619.11904.86
31-Mar-204530.392324.0510.252629.351915.11
31-Mar-214648.973526.7910.562639.911925.67
31-Jan-224404.55711.817.132647.041218.56
Amount in ₹ Lakhs

Objects of the Issue

The Objects of the Issue are:

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

Agni Green Power IPO Details

Agni Green Power IPO Date Jul 20, 2022 to Jul 22, 2022
Agni Green Power IPO Face Value ₹10 per share
Agni Green Power IPO Price ₹10 per share
Agni Green Power IPO Lot Size 10000 Shares
Issue Size5,250,000 shares of ₹10
(aggregating up to ₹5.25 Cr)
Fresh Issue5,250,000 shares of ₹10
(aggregating up to ₹5.25 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Retail Shares Offered50% of the net offer
NII (HNI) Shares Offered50% of the net offer
Company Promoters

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

Agni Green Power IPO Timeline (Tentative Timetable)

Agni Green Power IPO opens on Jul 20, 2022, and closes on Jul 22, 2022. The Agni Green Power IPO bid date is from Jul 20, 2022 10.00 A.M. to Jul 22, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Agni Green Power IPO Opening Date Jul 20, 2022
Agni Green Power IPO Closing Date Jul 22, 2022
Basis of Allotment Jul 27, 2022
Initiation of Refunds Jul 28, 2022
Credit of Shares to Demat Jul 29, 2022
Agni Green Power IPO Listing Date Aug 1, 2022

Agni Green Power IPO Lot Size

The Agni Green Power IPO lot size is 10000 shares. A retail-individual investor can apply for up to 2 lots (20000 shares or ₹200,000).

Application Lots Shares Amount
Minimum 1 10000 ₹100,000
Maximum 2 20000 ₹200,000

Agni Green Power IPO Promoter Holding

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

Agni Green Power IPO Review

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 Jul 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)
NII107.40
Retail39.92
Total73.66

Agni Green Power IPO Prospectus

Agni Green Power IPO Rating

226
4.2
Rating:Rated 4.2 stars
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Agni Green Power IPO Listing Date

Listing Date Monday, August 1, 2022
BSE Script Code
NSE Symbol AGNI
Listing In
ISIN INE0LF301013
IPO Price ₹10 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹10.00
Open: ₹25.00
Low: ₹23.75
High: ₹26.25
Last Trade: ₹26.25

Company Contact Information

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/

Agni Green Power IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://online.cameoindia.com/

Agni Green Power IPO Review

Agni Green Power IPO Recommendation Summary

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Brokers 1 0 0
Members 1 1 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 Jul 20, 2022, and closes on Jul 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 Jul 20, 2022 and closes on Jul 22, 2022.

Agni Green Power IPO lot size is 10000 Shares and the minimum order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

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

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

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