Home » Initial Public Offering(IPO) for the week.

Initial Public Offering(IPO) for the week.

Initial Public Offering(IPO) for the week.

The Initial Public Offering(IPO) for the week is-

Agni Green Power Limited-

The company was founded in the year 1995 and is in the business of executing turn-key solar PV power plant projects that include design, engineering, supply, installation, and commissioning (I & C), and maintenance for both standalone and grid PV systems from conceptualization to completion stages.

Agni Green Power limited also manufactures solar power conditioning units, solar inverters (hybrid and grid-connected), solar maximum power point tracking (MPPT) chargers, remote monitoring, diagnostic system, solar photovoltaic junction box, control panel, digital DC energy meter, solar adapter, and solar pump controller. It has expanded its footprint through four branch offices in Chhattisgarh, Assam, Mizoram, and Tripura. Its key customers have reputed government organizations. Agni is an ISO 9001:2015, 14000:2015, and OHSAS: 2007 certified organization.

The promoters of the company are Mr. Hiranmay Saha, Dr. Kanak Mukhopadhyay, Mr. Chandana Saha, and Mr. Anup Kumar Mahanta. The objects of the issue are to meet the working capital requirements and general corporate purposes. Listing would enhance the corporate name and brand image of the company and would make further financing easier in case of expansion or diversification.

The company had revenues of Rs 31.73 crore with a net profit of 2.23 crore (Year ended March 31, 2019), revenues of Rs. 23.23 crore with a profit of Rs. 10.25 lakh (Year ended March 31, 2020) and revenue of Rs. 35.26 crore with a net profit of Rs. 10.56 lakh (Year ended March 31, 2021).

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