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Ekennis Software IPO vs Madhavbaug IPO

Comparision between Ekennis Software IPO and Madhavbaug IPO.

IPO Details

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

  Ekennis Software IPO Madhavbaug IPO
Logo Ekennis Software IPO Logo Madhavbaug IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Fixed Price Issue
Listing At BSE SME NSE SME
Lead Managers Shreni Shares Limited First Overseas Capital Limited
Registrar Skyline Financial Services Private Ltd Bigshare Services Pvt Ltd
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 Madhavbaug IPO is up to ₹20.23 Cr. The final issue price of Ekennis Software IPO is ₹72.00 per share and of Madhavbaug IPO is ₹73.00 per share.

  Ekennis Software IPO Madhavbaug IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹72.00 per share ₹73.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1600 shares 1600 shares
Fresh Issue Size 4,00,000 shares 27,71,200 shares
Fresh Issue Size (Amount) up to ₹2.88 Cr up to ₹20.23 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 4,00,000 shares 27,71,200 shares
Issue Size Total (Amount) up to ₹2.88 Cr up to ₹20.23 Cr

IPO Timetable

Ekennis Software IPO opens on Feb 21, 2022, while Madhavbaug IPO opens on Feb 10, 2022. The closing date of Ekennis Software IPO and Madhavbaug IPO is Feb 24, 2022, and Feb 15, 2022, respectively.

  Ekennis Software IPO Madhavbaug IPO
Anchor Bid Date
Issue Open Feb 21, 2022 Feb 10, 2022
Issue Close Feb 24, 2022 Feb 15, 2022
Basis Of Allotment (Tentative) Mar 02, 2022 Feb 18, 2022
Initiation of Refunds (Tentative) Mar 03, 2022 Feb 21, 2022
Credit of Share (Tentative) Mar 04, 2022 Feb 22, 2022
Listing date (Tentative) Mar 07, 2022 Feb 23, 2022
Anchor Lockin End date 1 Apr 01, 2022 Mar 20, 2022
Anchor Lockin End date 2 May 31, 2022 May 19, 2022

Financials

Ekennis Software IPO P/E ratio is 11.4, as compared to Madhavbaug IPO P/E ratio of 28.29.

  Ekennis Software IPO Madhavbaug 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)
  30-Sep-21 31-Mar-21 31-Mar-20
Total Assets 257.80 258.06 291.11
Total Revenue 315.65 522.79 752.97
Profit After Tax 13.54 15.47 -5.57
Promoter Shareholding (Pre-Issue) 100% 90.08%
Promoter Shareholding (Post-Issue) 71.42% 66.34%
P/E Ratio 11.4 28.29
Market Cap ₹10.08 Cr. ₹76.75 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 Madhavbaug IPO retail investors are offered 1,88,800 shares. Qualified institutional buyers (QIB) are offered in Ekennis Software IPO and in Madhavbaug IPO.

  Ekennis Software IPO Madhavbaug IPO
Anchor Investor Reserveration
Market Maker Reserveration 22,400 shares 1,40,800 shares
QIB
NII 1,88,800 shares 13,15,200 shares
RII 1,88,800 shares 13,15,200 shares
Employee
Others
Total 3,77,600 shares 26,30,400 shares

Bids Received (Subscription)

Ekennis Software IPO subscribed 28.00x in total, whereas Madhavbaug IPO subscribed 2.82x.

  Ekennis Software IPO Madhavbaug IPO
QIB (times)
NII (times) 36.99x 2.66x
Big NII (times)
Small NII (times)
RII (times) 19.00x 2.98x
Employee (times)
Other (times)
Total (times) 28.00x 2.82x

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