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EKI Energy Services IPO is a book built issue of Rs 18.60 crores.
EKI Energy Services IPO bidding started from March 24, 2021 and ended on March 26, 2021. The allotment for EKI Energy Services IPO was finalized on Thursday, April 1, 2021. The shares got listed on BSE SME on April 7, 2021.
EKI Energy Services IPO price band is set at ₹100 to ₹102 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹122,400.
Hem Securities Limited is the book running lead manager of the EKI Energy Services IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for EKI Energy Services IPO is Hem Finlease.
Refer to EKI Energy Services IPO RHP for detailed information.
| IPO Date | March 24, 2021 to March 26, 2021 |
| Listing Date | April 7, 2021 |
| Face Value | ₹10 per share |
| Price Band | ₹100 to ₹102 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 1,824,000 shares (aggregating up to ₹18.60 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 5,050,000 |
| Share holding post issue | 6,874,000 |
| Market Maker portion | 91,200 shares Hem Finlease |
EKI Energy Services IPO offers 1,819,200 shares. 345,600 (19.00%) to QIB, 260,400 (14.31%) to NII, 604,800 (33.25%) to RII 517,200 (28.43%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 517,200 (28.43%) |
| Market Maker Shares Offered | 91,200 (5.01%) |
| QIB Shares Offered | 345,600 (19.00%) |
| NII (HNI) Shares Offered | 260,400 (14.31%) |
| Retail Shares Offered | 604,800 (33.25%) |
| Total Shares Offered | 1,819,200 (100%) |
EKI Energy Services IPO opens on March 24, 2021, and closes on March 26, 2021.
| IPO Open Date | Wednesday, March 24, 2021 |
| IPO Close Date | Friday, March 26, 2021 |
| Basis of Allotment | Thursday, April 1, 2021 |
| Initiation of Refunds | Tuesday, April 6, 2021 |
| Credit of Shares to Demat | Tuesday, April 6, 2021 |
| Listing Date | Wednesday, April 7, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 26, 2021 |
Investors can bid for a minimum of 1200 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 | 1200 | ₹122,400 |
| Retail (Max) | 1 | 1200 | ₹122,400 |
| Lot Size Calculator | |||
Mr. Manish Kumar Dabkara is the promoter of the company.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue |
Incorporated in 2011, EKI Energy Services is a well-recognized brand in the realm of "climate change, carbon credit, and sustainability solutions" across the globe. Initially, the company started its business as a climate change advisory services such as consultancy services for registration, validation, monitoring, verification, insurance, and trading of eligible Carbon Credits Projects but over the period, it has expanded its services into carbon credits trading, Business excellence advisory services & training services, and Electrical Safety Audits.
The company offers its services to various government and private sector clients in waste management, power generation, clean development mechanism, airports, and others. The firm not only serves customers domestically but also serves clients in countries like Australia, USA, Germany, Europe, etc. Airport Authority of India, World Bank, Azure Power, Kerala State Electricity Board, National Thermal Power Corporation (NTPC), GAIL, GMR Energy Limited, NHPC, Indian Railways, etc. are some of its customers.
Competitive Strengths
| Particulars | For the year/period ended (₹ in lakh) | ||||
|---|---|---|---|---|---|
| 30-Sep-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 2,186.19 | 1,609.68 | 412.31 | 276.60 | |
| Total Revenue | 5,996.34 | 6,601.90 | 1,988.13 | 701.01 | |
| Profit After Tax | 538.58 | 447.45 | 68.04 | 26.91 | |
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 11.51 |
[Dilip Davda] EKI has created a niche place in environmental services and is specializing in carbon credit with over 95% revenue from global markets. It has posted progressive financial data for the last three and a half fiscals. Based on these parameters, the IPO is reasonably priced. Investors may consider investing in this lucrative IPO for the medium to long term. Post listing may attract the fancy of being the major player in the segment. Read detail review...
The EKI Energy Services IPO is subscribed 4.05 times on March 26, 2021 6:49:00 AM. The public issue subscribed 3.13 times in the retail category, 1.00 times in the QIB category, and 10.25 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 1.00 |
| NII | 10.25 |
| Retail | 3.13 |
| Total | 4.05 |
| Listing Date | April 7, 2021 |
| BSE Script Code | 543284 |
| NSE Symbol | |
| ISIN | INE0CPR01018 |
| Final Issue Price | ₹102 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹102.00 |
| ₹140.00 |
| ₹140.00 |
| ₹147.00 |
| ₹147.00 |
EKI Energy Services Limited
201, Plot No. 48., Scheme No. 78, Part-II,
Vijay Nagar (Near Brilliant Convention Centre),
Indore-452010
Phone: 0731-4289086
Email: cs@enkingint.org
Website: http://www.enkingint.org/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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EKI Energy Services IPO is a SME IPO of 1,824,000 equity shares of the face value of ₹10 aggregating up to ₹18.60 Crores. The issue is priced at ₹100 to ₹102 per share. The minimum order quantity is 1200 Shares.
The IPO opens on March 24, 2021, and closes on March 26, 2021.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in EKI Energy Services IPO using UPI as a payment gateway. Zerodha customers can apply in EKI Energy Services IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in EKI Energy Services IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The EKI Energy Services IPO opens on March 24, 2021 and closes on March 26, 2021.
EKI Energy Services IPO lot size is 1200 Shares, and the minimum amount required is ₹122,400.
You can apply in EKI Energy Services 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 EKI Energy Services IPO will be done on Thursday, April 1, 2021, and the allotted shares will be credited to your demat account by Tuesday, April 6, 2021. Check the EKI Energy Services IPO allotment status.
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