Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Agni Green Power IPO is a fixed price issue of ₹5.25 crores. The issue is entirely a fresh issue of 0.53 crore shares of ₹5.25 crore.
Agni Green Power IPO bidding started from Jul 20, 2022 and ended on Jul 22, 2022. The allotment for Agni Green Power IPO was finalized on Jul 27, 2022. The shares got listed on NSE SME on Aug 1, 2022.
Agni Green Power IPO price is ₹10.00 per share . The lot size for an application is 10,000. The minimum amount of investment required by an individual investor (retail) is ₹1,00,000 (10000 shares). The minimum lot size investment for HNI is 3 lots (30,000 shares), amounting to ₹3,00,000.
Finshore Management Services Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The market maker of the company is Nikunj Stock Brokers Ltd..
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 |
| Issue Price Band | |
| Issue Price Final | ₹10 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 52,50,000 shares (aggregating up to ₹5.25 Cr) |
| Reserved for Market Maker | 2,70,000 shares Nikunj Stock Brokers Ltd. (aggregating up to ₹0.2700 Cr) |
| Net Offered to Public | 49,80,000 shares (aggregating up to ₹4.98 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,42,84,800 shares |
| Share Holding Post Issue | 1,95,34,800 shares |
Agni Green Power IPO offers total 52,50,000 shares. Out of which 24,90,000 (47.43%) allocated to NII, 24,90,000 (47.43%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,70,000 (5.14%) |
| NII (HNI) Shares Offered | 24,90,000 (47.43%) |
| Retail Shares Offered | 24,90,000 (47.43%) |
| Total Shares Offered | 52,50,000 (100.00%) |
Agni Green Power IPO opens on July 20, 2022, and closes on July 22, 2022.
| IPO Open Date | Wed, Jul 20, 2022 |
| IPO Close Date | Fri, Jul 22, 2022 |
| Tentative Allotment | Wed, Jul 27, 2022 |
| Initiation of Refunds | Thu, Jul 28, 2022 |
| Credit of Shares to Demat | Fri, Jul 29, 2022 |
| Tentative Listing Date | Mon, Aug 1, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jul 22, 2022 |
Investors can bid for a minimum of 10,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10,000 | ₹1,00,000 |
| Retail (Max) | 2 | 20,000 | ₹2,00,000 |
| HNI (Min) | 3 | 30,000 | ₹3,00,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 ₹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...
| Listing Date | August 1, 2022 |
| BSE Script Code | |
| NSE Symbol | AGNI |
| ISIN | INE0LF301013 |
| Final Issue Price | ₹10 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹25.00 |
| Low | ₹23.75 |
| High | ₹26.25 |
| Last Trade | ₹26.25 |
Agni Green Power Ltd.
114, Rajdanga Gold Park,
Piyali Apartment, 1st Floor,
South Parganas,
Kolkata, West Bengal, 700107
Phone: +91 93324 41988
Email: cs@agnipower.com
Website: https://www.agnipower.com/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Agni Green Power IPO is a SME IPO of 52,50,000 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.
The IPO opens on July 20, 2022, and closes on July 22, 2022.
Cameo Corporate Services Ltd. 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, and the minimum amount required for application is ₹1,00,000.
You can apply in Agni Green Power IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Monday, August 1, 2022.
Useful Articles
RHP