Agni Green Power SME
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 20 Jul 2022 – 22 Jul 2022
- Listing date
- 01 Aug 2022
- Face value
- ₹10 per share
- Issue price
- ₹10 per share
- Lot size
- 10,000 shares
- Total issue size
- ₹5.25 Cr
- Market cap at offer price
- ₹19.54 Cr
- Promoter holding
- 96.50% → 70.57% pre-issue → post-issue
- ISIN
- INE0LF301013
- Registrar
- Cameo Corporate Services Ltd.
- Lead managers
- Finshore Management Services Ltd.
- Registered office
- 114, Rajdanga Gold Park, Piyali Apartment, 1st Floor, South Parganas, West Bengal
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Market maker | 2,70,000 | — | — |
Application size
Minimum 10,000 shares per lot, in multiples, at ₹10
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 10,000 | ₹1,00,000 |
| Retail (max) | 2 | 20,000 | ₹2,00,000 |
| S-HNI (min) | 3 | 30,000 | ₹3,00,000 |
| S-HNI (max) | 10 | 1,00,000 | ₹10,00,000 |
| B-HNI (min) | 11 | 1,10,000 | ₹11,00,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 0.15 | — |
| P/E (×) | 66.67 | — |
| Market cap | — | ₹19.54 Cr |
Key performance indicators
- Return on net worth
- 0.40%
- EBITDA margin
- 6.13%
- NAV per share
- ₹36.96
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Agni Green Power SME
Agni Green Power Limited (formerly Agni Power and Electronics Private Limited) was incorporated on August 25, 1995 in Kolkata by Dr. Kanak Mukhopadhyay to take over M/s. Agni Electronics, a profit-making partnership firm engaged in manufacturing solar powered batteries and lighting systems; it was renamed Agni Green Power Private Limited in March 2022 and converted into a public limited company on April 01, 2022. The company executes turn-key solar PV power plant projects — including design, engineering, supply, installation & commissioning and maintenance — for both stand-alone and grid-connected systems, provides EPC, O&M and consultancy/feasibility-study services, and manufactures solar products such as power conditioning units, hybrid and grid-connected inverters, MPPT chargers, remote monitoring systems, junction boxes, control panels, DC energy meters, solar adaptors and pump controllers at its factory in Srijan Industrial Logistic Park, Howrah. It operates through branch offices in Chhattisgarh, Assam, Mizoram and Tripura, with key customers mainly reputed Government organisations, and is an ISO 9001:2015, ISO 14001:2015 and OHSAS 18001:2007 certified organization accorded the highest MNRE/CRISIL 'SP 1A' rating. Revenue comes predominantly from solar PV power plant projects (Rs. 3,286.51 Lacs in FY2021) supplemented by solar lighting systems and other solar products; total revenue was Rs. 711.81 Lakhs with PAT of Rs. 7.13 Lakhs for the ten months ended January 31, 2022 (FY2021: revenue Rs. 3,526.79 Lakhs, PAT Rs. 10.56 Lakhs), and it employed 75 people as on the date of the draft prospectus.
Company Analysis
from DRHPAgni Green Power Limited is an integrated solar energy solutions provider that executes turn-key solar photovoltaic power plant projects (EPC, installation-commissioning and O&M) and manufactures solar products such as power conditioning units, inverters, chargers and lighting systems, operating in India's renewable energy sector.
Agni Green Power Limited (formerly Agni Power and Electronics Private Limited) was incorporated on August 25, 1995 in Kolkata by Dr. Kanak Mukhopadhyay to take over M/s. Agni Electronics, a profit-making partnership firm engaged in manufacturing solar powered batteries and lighting systems; it was renamed Agni Green Power Private Limited in March 2022 and converted into a public limited company on April 01, 2022. The company executes turn-key solar PV power plant projects — including design, engineering, supply, installation & commissioning and maintenance — for both stand-alone and grid-connected systems, provides EPC, O&M and consultancy/feasibility-study services, and manufactures solar products such as power conditioning units, hybrid and grid-connected inverters, MPPT chargers, remote monitoring systems, junction boxes, control panels, DC energy meters, solar adaptors and pump controllers at its factory in Srijan Industrial Logistic Park, Howrah. It operates through branch offices in Chhattisgarh, Assam, Mizoram and Tripura, with key customers mainly reputed Government organisations, and is an ISO 9001:2015, ISO 14001:2015 and OHSAS 18001:2007 certified organization accorded the highest MNRE/CRISIL 'SP 1A' rating. Revenue comes predominantly from solar PV power plant projects (Rs. 3,286.51 Lacs in FY2021) supplemented by solar lighting systems and other solar products; total revenue was Rs. 711.81 Lakhs with PAT of Rs. 7.13 Lakhs for the ten months ended January 31, 2022 (FY2021: revenue Rs. 3,526.79 Lakhs, PAT Rs. 10.56 Lakhs), and it employed 75 people as on the date of the draft prospectus.
Objects of the Issue
- Working capital requirements ₹428.20 Lakhs p.58
- General corporate purposes ₹50.00 Lakhs p.59
- Issue related expenses ₹46.80 Lakhs p.59
Issue Structure
- Total Issue
- 52,50,000 Equity Shares of ₹10/- each aggregating to ₹525.00 Lakhs
- Fresh Issue
- ₹525.00 Lakhs (entire issue is a fresh issue of 52,50,000 Equity Shares)
- Offer for Sale
- Nil
- Price Band
- Not applicable – 100% Fixed Price Issue at ₹10/- per Equity Share (at par)
- Lot Size
- Minimum 10,000 Equity Shares
- Face Value
- ₹10/- each
Business Model
The Company earns revenue by executing turn-key Engineering, Procurement and Construction (EPC) contracts for stand-alone and grid-connected solar PV power plants — covering design, engineering, supply, installation and commissioning — together with operations and maintenance (O&M) services and consultancy/feasibility studies, primarily for Government organisations; it also earns revenue from manufacturing and sale of solar products including home/street lighting systems, solar power conditioning units, hybrid and grid-connected inverters, MPPT chargers, remote monitoring systems, junction boxes, control panels, digital DC energy meters, solar adaptors and pump controllers.
Business Segments
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Kanak Mukhopadhyay | Promoter & Managing Director | 39.06% | 28.56% |
| Chandana Saha | Promoter | 10.20% | 7.46% |
| Arup Kumar Mahanta | Promoter & Whole Time Director | 18.32% | 13.40% |
| Hiranmay Saha | Promoter & Whole Time Director | 8.68% | 6.35% |
| Aban Saha | Promoter Group (Whole Time Director) | 20.00% | 14.62% |
| Madhurima Mukhopadhyay | Promoter Group | 0.16% | 0.12% |
| Barnali Mahanta | Promoter Group | 0.08% | 0.06% |
Leadership
Auto-extracted from the company's DRHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official DRHP before relying on it.