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Ekennis Software IPO is a fixed price issue of Rs 2.88 crores. The issue is entirely a fresh issue of 4 lakh shares.
Ekennis Software IPO bidding started from February 21, 2022 and ended on February 24, 2022. The allotment for Ekennis Software IPO was finalized on Wednesday, March 2, 2022. The shares got listed on BSE SME on March 7, 2022.
Ekennis Software IPO price is ₹72 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹115,200.
Shreni Shares Limited is the book running lead manager of the Ekennis Software IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.
Refer to Ekennis Software IPO RHP for detailed information.
| IPO Date | February 21, 2022 to February 24, 2022 |
| Listing Date | March 7, 2022 |
| Face Value | ₹10 per share |
| Price | ₹72 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 400,000 shares (aggregating up to ₹2.88 Cr) |
| Fresh Issue | 400,000 shares (aggregating up to ₹2.88 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 1,000,000 |
| Share holding post issue | 1,400,000 |
| Market Maker portion | 22,400 shares |
Ekennis Software IPO offers 400,000 shares. 188,800 (47.20%) to NII, 188,800 (47.20%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 22,400 (5.60%) |
| Other Shares Offered | 188,800 (47.20%) |
| Retail Shares Offered | 188,800 (47.20%) |
| Total Shares Offered | 400,000 (100%) |
Ekennis Software IPO opens on February 21, 2022, and closes on February 24, 2022.
| IPO Open Date | Monday, February 21, 2022 |
| IPO Close Date | Thursday, February 24, 2022 |
| Basis of Allotment | Wednesday, March 2, 2022 |
| Initiation of Refunds | Thursday, March 3, 2022 |
| Credit of Shares to Demat | Friday, March 4, 2022 |
| Listing Date | Monday, March 7, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 24, 2022 |
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹115,200 |
| Retail (Max) | 1 | 1600 | ₹115,200 |
| Lot Size Calculator | |||
Ms. Manisha Sharma is the promoter of the company.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 71.42% |
Ekennis Software Service Ltd is engaged in the business of software IT solution and consulting services, IT product/ software development, and software training, ERP solution, Learning Management Solution, 3D printing, Digital printing and packaging design consultancy. It also provides business process analysis, system design, technical expertise, implementation, training, and support services, and has expertise in SAP ERP.
Competitive strengths
| 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 | ||
The market capitalization of Ekennis Software IPO is Rs 10.08 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 11.4 |
[Dilip Davda] The company has an almost static top line for the reported financial data with super-profits for the last 21.5 months. Based on these super earnings, the issue is fully priced. Post-IPO it is paid-up capital of Rs. 1.40 cr. indicates longer gestation for migration to the mainboard. The company has not given a break-up of revenue and it appears it is primarily operating in digital and 3D printed packaging. Higher spending for the IPO indicates funding for this issue is fully arranged. There is no harm in ignoring this window dressed offer. Read detail review...
The Ekennis Software IPO is subscribed 28.00 times on February 24, 2022 6:50:00 PM. The public issue subscribed 19.00 times in the retail category, times in the QIB category, and 36.99 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 36.99 |
| Retail | 19.00 |
| Total | 28.00 |
| Listing Date | March 7, 2022 |
| BSE Script Code | 543475 |
| NSE Symbol | |
| ISIN | INE0KCM01010 |
| Final Issue Price | ₹72 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹72.00 |
| ₹80.00 |
| ₹80.00 |
| ₹84.00 |
| ₹84.00 |
Ekennis Software Service Limited
2 nd Floor, Concord Anthuriams,
Neeladri Road No. 49,50,51, Dodathogur Vill,
Electronic City, Bangalore – 560 100
Phone: 080 – 4114 5095
Email: info@ekennis.com
Website: http://www.ekennis.com/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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Ekennis Software IPO is a SME IPO of 400,000 equity shares of the face value of ₹10 aggregating up to ₹2.88 Crores. The issue is priced at ₹72 per share. The minimum order quantity is 1600 Shares.
The IPO opens on February 21, 2022, and closes on February 24, 2022.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Ekennis Software IPO using UPI as a payment gateway. Zerodha customers can apply in Ekennis Software IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ekennis Software IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ekennis Software IPO opens on February 21, 2022 and closes on February 24, 2022.
Ekennis Software IPO lot size is 1600 Shares, and the minimum amount required is ₹115,200.
You can apply in Ekennis Software IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Ekennis Software IPO will be done on Wednesday, March 2, 2022, and the allotted shares will be credited to your demat account by Friday, March 4, 2022. Check the Ekennis Software IPO allotment status.
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RHP
IPO Guru (1300+ Posts, 500+ Likes)
Top Contributor (1000+ Posts, 200+ Likes)
IPO Mentor (1600+ Posts, 400+ Likes)
I would expect this to fly similar to Bombay metrics or Ksolves after consolidation...
At today's price it is around 15 crores market cap.
Expect it to be around 50 crores mcap at least soon...
so price of around at least 300+ is expected soon....