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Ekennis Software IPO vs Safa Systems IPO

Comparision between Ekennis Software IPO and Safa Systems IPO.

IPO Details

Ekennis Software IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Safa Systems IPO is a SME Fixed Price Issue proposed to list at BSE SME.

  Ekennis Software IPO Safa Systems IPO
Logo Ekennis Software IPO Logo Safa Systems IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Fixed Price Issue
Listing At BSE SME BSE SME
Lead Managers Shreni Shares Limited Finshore Management Services Limited
Registrar Skyline Financial Services Private Ltd Cameo Corporate Services Limited
Market Maker
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Ekennis Software IPO is up to ₹2.88 Cr whereas the issue size of the Safa Systems IPO is up to ₹4.00 Cr. The final issue price of Ekennis Software IPO is ₹72.00 per share and of Safa Systems IPO is ₹10.00 per share.

  Ekennis Software IPO Safa Systems IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹72.00 per share ₹10.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1600 shares 10000 shares
Fresh Issue Size 4,00,000 shares
Fresh Issue Size (Amount) up to ₹2.88 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 4,00,000 shares 40,00,000 shares
Issue Size Total (Amount) up to ₹2.88 Cr up to ₹4.00 Cr

IPO Timetable

Ekennis Software IPO opens on Feb 21, 2022, while Safa Systems IPO opens on Jan 28, 2022. The closing date of Ekennis Software IPO and Safa Systems IPO is Feb 24, 2022, and Feb 01, 2022, respectively.

  Ekennis Software IPO Safa Systems IPO
Anchor Bid Date
Issue Open Feb 21, 2022 Jan 28, 2022
Issue Close Feb 24, 2022 Feb 01, 2022
Basis Of Allotment (Tentative) Mar 02, 2022 Feb 04, 2022
Initiation of Refunds (Tentative) Mar 03, 2022 Feb 07, 2022
Credit of Share (Tentative) Mar 04, 2022 Feb 08, 2022
Listing date (Tentative) Mar 07, 2022 Feb 09, 2022
Anchor Lockin End date 1 Apr 01, 2022 Mar 06, 2022
Anchor Lockin End date 2 May 31, 2022 May 05, 2022

Financials

Ekennis Software IPO P/E ratio is 11.4, as compared to Safa Systems IPO P/E ratio of 29.41.

  Ekennis Software IPO Safa Systems IPO
Financial
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Lakh)
  15-Jan-22 31-Mar-21 31-Mar-20
Total Assets 301.07 261.53 163.87
Total Revenue 367.18 468.67 485.78
Profit After Tax 70.20 94.92 22.60
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Millions)
  7-Oct-21 31-Mar-21 31-Mar-20
Total Assets 446.81 489.28 402.67
Total Revenue 1,451.92 2,086.60 2,552.25
Profit After Tax 2.73 2.93 3.12
Promoter Shareholding (Pre-Issue) 100% 100%
Promoter Shareholding (Post-Issue) 71.42% 73.47%
P/E Ratio 11.4 29.41
Market Cap ₹10.08 Cr. ₹15.08 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Ekennis Software IPO retail investors (RII) are offered 1,88,800 shares while in Safa Systems IPO retail investors are offered 1,88,800 shares. Qualified institutional buyers (QIB) are offered in Ekennis Software IPO and in Safa Systems IPO.

  Ekennis Software IPO Safa Systems IPO
Anchor Investor Reserveration
Market Maker Reserveration 22,400 shares 2,00,000 shares
QIB
NII 1,88,800 shares 19,00,000 shares
RII 1,88,800 shares 19,00,000 shares
Employee
Others
Total 3,77,600 shares 38,00,000 shares

Bids Received (Subscription)

Ekennis Software IPO subscribed 28.00x in total, whereas Safa Systems IPO subscribed 52.71x.

  Ekennis Software IPO Safa Systems IPO
QIB (times)
NII (times) 36.99x 64.61x
Big NII (times)
Small NII (times)
RII (times) 19.00x 40.81x
Employee (times)
Other (times)
Total (times) 28.00x 52.71x

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