Fixed Price IPO | ₹5 Cr | Listed at NSE SME | Wed, Jul 20, 2022 - Fri, Jul 22, 2022
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Jul 20, 2022
IPO Close
Fri, Jul 22, 2022
Issue Price
₹10 per share
Market Cap (Pre-IPO)
₹19.54 Cr
| IPO Date | 20 to 22 Jul, 2022 |
| Listed on | Mon, Aug 1, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹10 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 52,50,000 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 2,70,000 shares Nikunj Stock Brokers Ltd. (agg. up to ₹0.2700 Cr) |
| Fresh Issue (Ex Market Maker) | 49,80,000 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 49,80,000 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 1,42,84,800 shares |
| Share Holding Post Issue | 1,95,34,800 shares |
| NSE Symbol | AGNI |
| ISIN | INE0LF301013 |
Agni Green Power IPO comprises a total issue size of 52,50,000 shares. The net offer to the public is 49,80,000 shares, after excluding 2,70,000 shares allotted on a firm basis. Of the Net offer 24,90,000 (50.00%) allocated to NII 24,90,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 24,90,000 | 50.00% | 47.43% |
| Retail Shares Offered | 24,90,000 | 50.00% | 47.43% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,70,000 | 5.14% | |
| Total Shares Offered | 52,50,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 10,000 shares and in multiples thereof.
| 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 |
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 | 31 Jan 2022 | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|---|
| Assets | 44.05 | 46.49 | 45.30 | 46.02 |
| Total Income | 7.12 | 35.27 | 23.24 | 31.73 |
| Profit After Tax | 0.07 | 0.11 | 0.10 | 2.23 |
| NET Worth | 26.47 | 26.40 | 26.29 | 26.19 |
| Reserves and Surplus | 12.19 | 19.26 | 19.15 | 19.05 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working capital requirements | 4.28 |
| 2 | General Corporate Purpose | 0.50 |
| 3 | Issue related expenses | 0.47 |
| KPI | |
|---|---|
| RoNW | 0.4 |
| EBITDA Margin | 6.13% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 0.15 | |
| P/E (x) | 250 | |
| Promoter Holding | 96.50% | 70.57% |
| Market Cap | ₹19.54 Cr. |
The Agni Green Power IPO is subscribed 73.66 times on July 22, 2022 5:00:00 PM (Day 3). The public issue subscribed 39.92 times in the retail category, [.] times in the QIB category, and 107.4 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 107.4 | 24,90,000 | 26,74,20,000 |
| Retail | 39.92 | 24,90,000 | 9,94,00,000 |
| Total | 73.66 | 49,80,000 | 36,68,20,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees including other intermediaries Fees | 0.28 |
| 2 | Regulators Including Stock Exchanges | 0.15 |
| 3 | Advertising and Marketing Expenses | 0.03 |
| 4 | Printing and distribution of Issue Stationary | 0.02 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹25.00 |
| Low | ₹23.75 |
| High | ₹26.25 |
| Last Trade | ₹26.25 |
Lead Manager Reports
Agni Green Power IPO is a SME IPO of 52,50,000 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000.
The IPO opens on Wed, Jul 20, 2022, and closes on Fri, Jul 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 Wed, Jul 20, 2022 and closes on Fri, Jul 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 Fri, Jul 29, 2022. Check the Agni Green Power IPO allotment status.
The Agni Green Power IPO listing date is on Mon, Aug 1, 2022.
