Agni Green Power was incorporated on August 25, 1995. Agni is in the business of executing turn-key solar PV power plant projects, including design, engineering, supply, installation, commissioning, and maintenance, for both stand-alone and grid-connected PV systems from conceptualization to completion stages.
| Bidding Dates |
|---|
| 20 Jul 2022 - 22 Jul 2022 |
| Subscription |
|---|
| 73.66x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,00,000 | 1 | 2 | 10000 | 5.3 M | ₹10 | 73.12 % | ₹52.5 M | RHP DOC |
Agni Green Power IPO SUBSCRIPTION STATUS
22 Jul '22Agni Green Power IPO overall subscription rate was 73.66 times the total available shares
Agni Green Power IPO retail subscription rate was 39.92 times in the retail segment
Agni Green Power IPO non-institutional investor subscription rate was 107.4 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
22 Jul 2022 (Day 3) | 39.92x | 107.4x | - |
21 Jul 2022 (Day 2) | 5.83x | 1.88x | - |
20 Jul 2022 (Day 1) | 1.82x | 1.51x | - |
Agni Green Power FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| 10MFY22 | 0.7 | 68.3 | -18.8 | -19.0 |
| FY21 | 1.1 | 344.4 | 20.5 | 20.4 |
| FY20 | 1.0 | 222.9 | -8.6 | -9.1 |
| FY19 | 22.3 | 312.4 | -15.3 | -46.4 |
Agni Green Power IPO SUBSCRIPTION STATUS DETAILS
Agni Green Power had 5.3 M shares on offer
Agni Green Power IPO offer price was ₹10
Agni Green Power IPO minimum Investment was ₹100000
Agni Green Power IPO issue size was ₹ 52.5 M
Agni Green Power had a minimum lot size of 10000 Shares per application
Agni Green Power NUMBER OF SHARES ON OFFER
Agni Green Power IPO IMPORTANT DATES
| Issue Open Date | 20 Jul 2022 |
| Issue close Date | 22 Jul 2022 |
| Allotment Date | 27 Jul 2022 |
| Refund Date | 28 Jul 2022 |
| Demat Account Credit Date | 29 Jul 2022 |
| Listing Date | 01 Aug 2022 |
| Listing on Exchange(s) | NSE |
| Agni Green Power Allotment Status | Exchange |
Agni Green Power IPO subscription opened on 20 Jul 2022, and closed on 22 Jul 2022
IPO allotment for Agni Green Power was finalized on Wednesday, 27 Jul 2022
IPO listing for Agni Green Power was on NSE on Monday, 01 Aug 2022
Agni Green Power IPO LISTING GAINS
| Issue Price (adjusted) | 10.0 |
| Listing Open Price | 25.0 |
| Listing Close Price | 26.3 |
| Listing Gain% | 150.0% |
| Current Gain% | 71.0% |
Agni Green Power Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agni Green Power Ltd. | 17.1 | 33.4 | 39.6 | 1.1 | 0.9 | 2.6 | 1.6 | 39 | -5.9 | 0.8 | 34.8 | 0.4 | 34.8 |
| Adani Green Energy Ltd. | 1372.4 | 226058.5 | 126.7 | 29.7 | 16.7 | 8.6 | 1.1 | 13819 | 11.2 | 1652 | 14.4 | 10.8 | 4.3 |
| Siemens Energy India Ltd. | 3648.8 | 129941.2 | 87.3 | 1.9 | 13.8 | 25.1 | 11.5 | 7932 | 66.6 | 1100.1 | 83.4 | 41.8 | 46.7 |
| NHPC Ltd. | 76.9 | 77266.4 | 20.4 | 0.8 | 6.3 | 9.1 | 3.1 | 12686.1 | 8.2 | 3765.7 | 25.2 | 3.8 | 24.1 |
| NTPC Green Energy Ltd. | 91.5 | 77100.9 | 127 | 13.9 | 23.5 | 2.8 | 0.9 | 3035.1 | 23.1 | 522.6 | 9.9 | 0.7 | 9.2 |
| SJVN Ltd. | 68 | 26706.9 | 41.8 | -5.6 | 5.3 | 4.5 | 1.2 | 4722.8 | 39.9 | 642.1 | -21.7 | 1.6 | -7.4 |
Agni Green Power INFORMATION ON IPO ISSUE
About Agni Green Power
Agni Green Power was incorporated on August 25, 1995. Agni is in the business of executing turn-key solar PV power plant projects, including design, engineering, supply, installation, commissioning, and maintenance, for both stand-alone and grid-connected PV systems from conceptualization to completion stages.
Object of the Issue
- To meet the working capital requirements
- To meet the issue expenses
- General corporate purposes
Agni Green Power - PROMOTERS
| Name |
|---|
| Hiranmay Saha |
| Kanak Mukhopadhyay |
| Chandana Saha |
| Arup Kumar Mahanta |
Agni Green Power Lead Manager
Finshore Management Services Limited
ramakrishna@finshoregroup.com
Agni Green Power Registrar to the issue
Cameo Corporate Services Limited
investor@cameoindia.com
Agni Green Power Strengths
Organizational stability
The company has an established track record of over 26 years which indicates the company’s ability to weather economic and business cycles and competent promoters have over a decade of relevant experience
Operation flow
The company has maintained a good relationship with major customers and is successful in building a strong client base for business.
Organizational structure
The company has a qualified and experienced management that has decision making powers
Supplier relationship
The existing supplier relationship protects the business in terms of supply and pricing of the products, the quality of the products offered
Quality
Quality and ISO certifications
Product range
The company provides a broad range of products to the customers which increase the scope of customers and the company's ability to cater to a diversified clientele base
Agni Green Power Risks
Legal proceedings
The company is party to certain legal proceedings
Contingent liabilities
There are contingent liabilities of the company which may result in financial iniquities in the company
Incurred losses
The company has suffered losses due to bad debts in the past
Seasonality
The solar power industry is vulnerable to seasonal and weather fluctuations
IPO FAQs
The promoters of the company are Hiranmay Saha, Kanak Mukhopadhyay, Chandana Saha and Arup Kumar Mahanta.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 10.0 - 10.0.
The IPO application opens on Jul 20, 2022 and closes on Jul 22, 2022.
The minimum lot size for the IPO is 10000. The maximum lot size for the IPO is 20000.
For all category investors, the minimum application amount for this IPO is Rs. 100,000.0, the maximum value for this IPO is Rs 200,000.0.
This IPO will be allotted on Jul 27, 2022.
The refund will be credited to your account on Jul 28, 2022.
The allotted shares will be credited to your demat on Jul 29, 2022.
Agni Green Power Ltd’s shares listed on the stock exchanges on Aug 01, 2022.