Agni Green Power IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 15, 2022Let’s have a detailed review of the company and analytics of the Agni Green Power IPO release date, IPO offer price, subscription, Agni Green Power Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 10 |
| Listing At | NSE, SME |
| Min. Order Quantity | 10000 Shares |
| Listing Date | Aug 1, 2022 |
| Offer for Sale | Rs Lakhs |
| Fresh Issue | Rs 525 Lakhs |
| IPO Size | Rs 525 Lakhs |
| Tick Size | 1 |
Agni Green Power IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Agni Green Power IPO – Summary
Their Company was originally incorporated as “Agni Power and Electronics Private Limited” on August 25, 1995 vide certificate of incorporation bearing Corporate Identity No. 21-73701 under the provisions of Companies Act, 1956 issued by the Registrar of Companies, West Bengal. Subsequently, name of the company changed to “Agni Green Power Private Limited” vide fresh certificate of incorporation bearing no. U40106WB1995PTC073701 dated March 14, 2022.
Subsequently, the company was converted into Public Limited Company vide a fresh certificate of incorporation issued by ROC-Kolkata, consequent upon conversion from Private Limited to Public Company dated April 01, 2022 in the name of “Agni Green Power Limited”. The Corporate Identification Number of their Company changed to U40106WB1995PLC073701.
Agni Green Power IPO Date
The opening and the closing date of Agni Green Power IPO are Jul 20, 2022 and Jul 22, 2022 respectively.
Agni Green Power IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 20th Jul | 1.51x | 1.82x | 1.66x |
| 2nd Day – 21st Jul | 1.88x | 5.83x | 3.85x |
| 3rd Day – 22nd Jul | 107.40 | 39.92 | 73.66 |
| Shares Offered or Net Issue | 2,490,000 | 2,490,000 | 4,980,000 |
The shares subscribed by the public will be updated here.
Check Agni Green Power IPO LIVE Subscription
- Agni Green Power IPO LIVE Bid details on BSE
- Agni Green Power IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Agni Green Power IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Agni Green Power Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Jul 27, 2022 |
| Refunds Initiation | Jul 28, 2022 |
| Credit of Shares to Demat Account | Jul 29, 2022 |
| Share Listing Date | Aug 1, 2022 |
Agni Green Power IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.10
Agni Green Power IPO Equity Size
This Initial Public Issue of 5,250,000 Equity Shares of Rs.10 each for cash at a price of Rs.10 per equity share aggregating to Rs.525 Lakhs.
Agni Green Power IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 5,250,000 Equity Shares of Rs.10/ each.
Issue Size: 5,250,000 Equity Shares of Rs.10 each, aggregating to Rs.525 Lakhs
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Agni Green Power IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Agni Green Power Share Price |
Agni Green Power IPO Grey Market Premium
The Agni Green Power Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Agni Green Power IPO – Company Overview
Their Company is founded and promoted by Kolkata based Dr. Kanak Mukhopadhyay in the year 1995 with a motive to takeover M/s. Agni Electronics, an existing profit-making partnership firm engaged in the business of manufacturing solar powered batteries and lighting systems.
AGNI is in the business of execution of turn-key Solar PV Power Plant projects, including Design, Engineering, Supply, Installation & Commissioning (I&C) and Maintenance, for both Stand-alone and Grid Connected PV Systems from the conceptualization to completion stages.
They are an integrated solar energy solutions provider offering engineering, procurement and construction (“EPC”) services, and operations and maintenance (“O&M”) services to their customers.
They also manufacture 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.
Agni Green Power IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakhs) | ||||
| 31-Mar-22 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Total Assets | 4404.54 | 4648.97 | 4530.39 | 4601.52 |
| Total Revenue | 7110.80 | 3526.79 | 2324.05 | 3173.32 |
| Total Expense | 6041.93 | 3304.51 | 2163.28 | 2766.84 |
| Profit After Tax | 7.13 | 10.56 | 10.25 | 223.3 |
Earnings per Equity Share (in Lakhs)
| 31-Mar-22 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Basic & Diluted | 0.05 | 0.15 | 0.14 | 3.13 |
Further, their PAT for the period ended on March 31,2022, March 31, 2021, March 31, 2020, and March 31, 2019, were Rs.7.13 Lakhs, Rs.10.56 Lakhs, Rs.10.25 Lakhs and Rs.223.3 Lakhs respectively.
Agni Green Power IPO – Promoters
The Promoter of this company is:
- MR. HIRANMAY SAHA
- DR. KANAK MUKHOPADHYAY
- MRS. CHANDANA SAHA
- MR. ARUP KUMAR MAHANTA
List of Related Parties (Key Managerial Personnel)
- Dr. Kanak Mukhopadhyay, Promoter & Managing Director
- Mr. Hiranmay Saha, Whole Time Director
- Mr. Arup Kumar Mahanta, Whole Time Director
- Mr. Aban Saha, Whole Time Director
- Prof. Ajoy Kumar Ray, Independent Director
- Mrs. Kakoli Saha, Independent Director
- Dr. Bibek Bandyopadhyay, Independent Director
Agni Green Power IPO – Promoters Holding
- Pre Issue Share Holding – 76.26%
- Pos Issue Share Holding – 55.76%
Agni Green Power IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 52,50,000 Equity Shares aggregating up to Rs.525.00 Lakhs. |
| of which: | |
| Issue Reserved for the Market Makers | Up to 2,70,000 Equity Shares aggregating up to Rs.27.00 Lakhs |
| Net Issue to the Public | Up to 49,80,000 Equity Shares aggregating up to Rs.498.00 Lakhs. |
| Of which: | |
| Retail Investors Portion | Not less than 24,90,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 24,90,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,42,84,800 Equity Shares |
| Equity Shares outstanding after the Issue | 1,95,34,800 Equity Shares |
Agni Green Power IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To meet the working capital requirements
2. To meet the Issue Expenses
3. General Corporate Purposes
Agni Green Power IPO – Business Strategy
- Quality Assurance
- Increase geographical presence
- Leverage and enhance their brand name
- Improving operational efficiencies
- Leveraging their Market skills and Relationships
- Increasing the customer reach
- Innovative & Marketing Method
Agni Green IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Established and proven track record;
- Leveraging the experience of their Promoters;
- Experienced management team and a motivated and efficient work force;
- Cordial relations with their customers
- Quality Assurance & Control
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 0.15 | 0.40 | 36.96 |
| 31-Mar-20 | 0.14 | 0.39 | – |
| Mar-19 | 3.13 | 8.53 | – |
Agni Green Power IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Agni Green Power Limited | 10 | 66.67 | 0.15 | 0.40 | 36.96 |
| Listed Peers | |||||
| Surana Solar Ltd | 5 | 229.00 | 0.04 | 0.39 | 11.03 |
| Websol Energy System Ltd | 10 | 1.92 | 21.78 | 3.32 | 61.77 |
| Urja Global Ltd | 1 | 218.67 | 0.03 | 1.31 | 0.02 |
| Solex Energy Ltd | 10 | 10.29 | 3.39 | 7.35 | 0.48 |
Agni Green IPO Lead Managers
| Lead Managers |
| FINSHORE MANAGEMENT SERVICES LIMITED Anandlok Building, Block-A, 2nd Floor, Room No. 207, 227 A.J.C Bose Road, Kolkata-700020, West Bengal Telephone: 033 – 22895101 Email: ramakrishna@finshoregroup.com Contact Person: Mr. S. Ramakrishna Iyengar Website: www.finshoregroup.com Investor Grievance Email: info@finshoregroup.com SEBI Registration No: INM000012185 CIN No: U74900WB2011PLC169377 |
Agni Green Power IPO Registrar to offer
| Registrar to the Offer |
| CAMEO CORPORATE SERVICES LIMITED “Subramanian Building”, #1, Club House Road, Chennai – 600 002, India Telephone: +91-44-40020700, 28460390 Facsimile: +91-44-28460129 Email: investor@cameoindia.com Contact Person: Mr. R.D. Ramasamy, Director Website: www.cameoindia.com SEBI Registration Number: INR000003753 CIN No: U67120TN1998PLC041613 |
Agni Green Power IPO – Other Details
- Statutory Auditor – M/s. Bijan Ghosh & Associates
- Legal Counsel to the Company – J MUKHERJEE & ASSOCIATES
- Bankers to the Company – NA
Agni Green IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Agni Green Power Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Agni Green Power IPO Review FAQs
Check out various FAQs related to Agni Green Power IPO:
What is the Issue Size of Agni Green Power IPO?
The Company is making an initial public offer of 5,250,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.
What is the Price band of Agni Green IPO?
The price band for this particular IPO ranges between Rs.10. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Agni Green IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Jul 20, 2022, while the closing date is set at Jul 22, 2022.
What is the Agni Green IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Jul 27, 2022, refund initiation is on Jul 28, 2022, credit of shares is on Jul 29, 2022, and share listing date is on Aug 1, 2022.
What is the Agni Green IPO Listing Date?
Shares of this company shall be listed in the exchanges Aug 1, 2022. The date, when the listing would be done, is stagnant on Aug 1, 2022.
Who is the Registrar of Agni Green IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. CAMEO CORPORATE SERVICES LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Agni Green IPO?
Here are the promoters of Agni Green Power – MR. HIRANMAY SAHA, DR. KANAK MUKHOPADHYAY, MRS. CHANDANA SAHA AND MR. ARUP KUMAR MAHANTA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is GMP of Agni Green Power IPO?
They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Agni Green IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Agni Green Power Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakhs is 7.13, 2021 is 10.56, 2020 is 10.25 and Rs.2019 is 223.3.
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