Agni Green Power IPO Guidance & Details

Listed on 01 Augut 2022
Open Rs. 25 ( Issue price Rs.10 only)
Intraday high Rs. 26.25
Intraday Low Rs. 23.75
Close Rs. 26.25

Grey Market News for Agni Green Power IPO :
On 1 August 2022 
Subject to Rates# :  Rs. 8000
GMP Rates :  – nil
Subscription Trend
On 22 July 2022 @ 5.00 pm
NII (50%) 24,90,000 Sh : 107.40 T
RII (50%) 24,90,000 Sh : 39.92 T
Tot 49,80,000 Sh : 73.66 T

Agni Green Power IPO Details
IPO Date July 20, 2022 to Jul 22, 2022
IPO Face Value Rs 10 per share
IPO Price Rs 10 per share
IPO Lot Size 10000 Shares
Issue Size 52,50,000 shares of Rs 10
(aggregating up to Rs 5.25 Cr)
Fresh Issue 52,50,000 shares of Rs 10
(aggregating up to Rs 5.25Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Retail Shares Offered 50% of the net offer
NII (HNI) Shares Offered 50% of the net offer

Retail Quota : 50 % (   24,90,000 Shares)
Minimum  10000 Rs 100,000
Maximum  10000 Rs 100,000
Retail : 249 Applications required for one time subscriptions.

Agni Green Power IPO Timetable 
IPO Opening Date July 20, 2022
IPO Closing Date Jul 22, 2022
Basis of Allotment Jul 27, 2022
Initiation of Refunds Jul 28, 2022
Credit of Shares to Demat Jul 29, 2022
IPO Listing Date Aug 01, 2022

Agni Green Power  Business :

Agni Green Power ltd 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.

It is an integrated solar energy solutions provider offering engineering, procurement and construction (“EPC”) services, and operations and maintenance (“O&M”) services to its customers. It also manufactures 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.
It has also expanded its footprints through four branch offices in Chhattisgarh, Assam, Mizoram and Tripura. Its key customers mainly include reputed Government organisations.
For more information about the company,Click  www.agnipower.com

Promoters of Agni Green Power 

Mr.Hiranmay Saha,Dr. Kanak  Mukhopadhyay, Mrs Chandana Saha & Mr. Arup Kumar Mahanta

Agni Green Power  : Objects of the IPO

To meet the working capital requirements

Registered office of Agni Green Power 
114, Rajdanga Gold Park, Piyali Apartment, 1st Floor, South Parganas, Kolkata-700107, West Bengal, India.
Company Secretary and Compliance Officer: Avishek Kumar Sinha

Lead Manager of Agni Green Power IPO
FINSHORE MANAGEMENT SERVICES

SME IPO Financial & Analytical Ratios#
Earnings per Share 2019-20 Rs 0.14
Earnings per Share 2020-21 Rs 0.15
Earnings per Share 2021-22 10 M Rs 0.05
Return on Net Worth: 19-20: 0.39 %
Return on Net Worth: 20-21 : 0.40 %
Return on Net Worth: 21-22 10M: 0.27 %
Book Value of the Share as on 31.01.22 Rs 18.53
NAV after the IPO Rs. 16.24
Offer Price Rs. 10

IPO Peer Comparison:
Surana Solar @ PE Multiple of 229.00
Websol Energy System @ PE Multiple of 1.92
Urja Global @ PE Multiple of 218.67
Solex Energy @ PE Multiple of 10.29

Observation by Paresh Gordhandas ( Research Analyst )

For Guidance : Will be updated soon

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