Agni Green Power Limited IPO

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i. 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.

ii. They are an integrated solar energy solutions provider offering engineering, procurement and construction (“EPC”) services, and operations and maintenance (“O&M”) services to our customers. The company 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.

iii. They have also expanded their footprints through four branch offices in Chhattisgarh, Assam, Mizoram and Tripura. The company’s key customers mainly include reputed Government organisations.

iv. The team of AGNI comprise of the following:
• Experience of execution of Solar Photovoltaic Power Plants.
• Working experience in hilly regions of North-East India, Chhattisgarh, West Bengal etc.
• In-house design set-up.
• In-depth knowledge of Safety and Environment.
• Highly qualified and skilled team.

v. As suppliers of solar installations and ecological energy technology products, they deliver integrated sustainable SPV solutions for private and commercial use, as well as the public sector. That’s what their 75 employees are committed to. Their product and services portfolio ranges from home/ street lighting systems to megawatt level power plants.

vi. Competitive Strengths:
a. Organizational stability along with management expertise
b. Smooth flow of operations
c. Well-defined organizational structure
d. Existing Supplier Relationship

Objects of the Agni Green Power Limited IPO:

The Objects of the Issue are: i. To meet the working capital requirements ii. To meet the Issue Expenses iii. General Corporate Purposes
DRHP of Agni Green Power Limited IPO

Agni Green Power Limited IPO Details:

Open Date: Jul 20 2022
Close Date: Jul 22 2022
Total Shares: 5,250,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed Price Issue
Issue Size: 5.25 Cr.
Lot Size: 10000 Shares
Issue Price: ₹ 10 Per Equity Share
Listing At: NSE Emerge
Listing Date: Aug 01 2022

Promoters And Management:

i. Dr. Kanak Mukhopadhyay, aged about 70 years is one of the pioneer entrepreneurs of Solar industry in India and has more than 40 years of experience in Solar industry. He is the founder MD of the company since 1995 and is the instrumental in shaping the company in its present dimensions. Under the company his key responsibilities include Overall supervision towards company Growth, Technical guidance towards design, development and project completion and for new Product development. Supervision of finance and accounting operations, Supporting directors for seamless operation of different departments. ii. Mr. Hiranmay Saha, aged about 76 years is having an experience of more than 45 years in R&D and Demonstration in Solar Photovoltaics. He is a Retired Professor of ETCE Dept in Jadavpur University and currently Professor and Coordinator of Green Energy Centre In IIEST, Shibpur. He is one of founders of AGNI Green Power Limited. His key responsibilities towards company is to formulate Policy and Strategy management Guiding production and business development team in the area of Solar Industry trend Providing Technical supervision and grooming of R&D team and is the key contributor for the growth of the company since inception. iii. Mr. Arup Kumar Mahanta, aged about 51 years is having an experience of more than 27 Years in Business Development, administrative operation, Quality management, Product development, Design Engineering, Planning and its execution. He holds degree of Bachelor in Science Diploma in Electronics and Telecommunication Engineering and also trained himself on SPV application conducted by Siemens & IIT, Madras. His key responsibilities in Company includes Business Development in Govt. level, Quality management and its improvement, Diversification in the field of other non-Conventional sources, Feasibility study on Project and Product, Product designing and its Development, Design, Engineering and planning of projects.

Financials of Agni Green Power Limited IPO:

Particulars (in Lakhs) Mar-22 Mar-21 Mar-20 Mar-19
Sales 683 3,444 2,229 3,124
Cost of Materials Consumed 567 2,243 1,559 1,967
Change in Inventories -708 79 -283 6
Employee Benefits Expense 274 344 351 348
Other Expenses 469 639 536 446
Operating Profit 81 139 66 357
OPM % 11.86% 4.04% 2.96% 11.43%
Other Income 29 83 95 49
Finance Cost 69 129 78 60
Depreciation 22 79 58 51
Profit before tax 16 14 25 295
Total Tax Exps 9 3 15 72
Net Profit 7 11 10 223
NPM % 1.02% 0.32% 0.45% 7.14%
No. of shares 195.35 195.35 195.35 195.35
EPS 0.04 0.06 0.05 1.14

Comparison With Peers:

There are no peer listed in the market related to such business.

Lead Manager of Agni Green Power Limited IPO:

  1. Finshore Management Services Limited

Registrar of Agni Green Power Limited IPO:

  1. Cameo Corporate Services Limited

Company Address:

Agni Green Power Limited 114, Rajdanga Gold Park, Piyali Apartment, 1st Floor, South Parganas, Kolkata-700107 Phone: +91 93324 41988 Email: cs@agnipower.com Website: https://www.agnipower.com/

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