Agni Green Power Limited IPO Detail
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 Promoters
Mr. Hiranmay Saha, Dr. Kanak Mukhopadhyay, Mrs. Chandana Saha and Mr. Arup Kumar Mahanta are the company promoters.IPO Details
| IPO Opening Date | Jul 20, 2022 |
| IPO Closing Date | Jul 22, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹10 per equity share |
| Market Lot | 10000 Shares |
| Min Order Quantity | 10000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹5.25 Cr |
| Fresh Issue | 5,250,000 shares of ₹10 (aggregating up to ₹5.25 Cr) |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 1.51x | 1.82x | 1.66x | |
| Day 2 | - | - | 1.88x | 5.83x | 3.85x | |
| Day 3 | - | - | 107.40x | 39.92x | 73.66x |
IPO Tentative Timetable
The Agni Green Power Limited IPO open date is Jul 20, 2022, and the close date is Jul 22, 2022. The issue may list on Aug 01, 2022.
| IPO Open Date | Jul 20, 2022 |
| IPO Close Date | Jul 22, 2022 |
| Basis of Allotment Date | Jul 27, 2022 |
| Initiation of Refunds | Jul 28, 2022 |
| Credit of Shares to Demat Account | Jul 29, 2022 |
| IPO Listing Date | Aug 01, 2022 |
IPO Lot Size
The Agni Green Power Limited IPO market lot size is 10000 shares. A retail-individual investor can apply for up to 2 lots (20000 shares or ₹200000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 10000 | ₹100000 |
| Maximum | 2 | 20000 | ₹200000 |
IPO Promoter Holding
| Pre Issue Share Holding | 76.26% |
| Post Issue Share Holding | 55.76% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 4530.39 | 2324.05 | 10.25 |
| 31-Mar-21 | 4648.97 | 3526.79 | 10.56 |
| 31-Jan-22 | 4404.55 | 711.81 | 7.13 |
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 Limited IPO Registrar:
Cameo Corporate Services Limited
Agni Green Power Limited IPO Lead Manager(s):
Finshore Management Services Limited (Past IPO Performance)
Company Contact Information:
Agni Green Power Limited
114, Rajdanga Gold Park, Piyali Apartment, 1st Floor,
South Parganas, Kolkata-700107
Kolkata
