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Ekennis Software IPO vs Richa Info Systems IPO

Comparison between Ekennis Software IPO and Richa Info Systems IPO.

IPO Details

Ekennis Software IPO is a SME Fixed Price IPO proposed to list at BSE SME while Richa Info Systems IPO is a SME Fixed Price proposed to list at NSE SME.

 Ekennis Software IPORicha Info Systems IPO
LogoEkennis Software IPO LogoRicha Info Systems IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMENSE SME
Lead ManagersShreni Shares Ltd.Swastika Investmart Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market MakerShreni Shares Ltd.Sunflower Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Ekennis Software IPO is up to ₹2.72 Cr whereas the issue size of the Richa Info Systems IPO is up to ₹9.50 Cr. The final issue price of Ekennis Software IPO is ₹72.00 per share and of Richa Info Systems IPO is ₹125.00 per share.

 Ekennis Software IPORicha Info Systems IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹72.00 per share₹125.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares1000 shares
Fresh Issue Size3,77,600 shares7,60,000 shares
Fresh Issue Size (Amount)up to ₹2.72 Crup to ₹9.50 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total3,77,600 shares7,60,000 shares
Issue Size Total (Amount)up to ₹2.72 Crup to ₹9.50 Cr

IPO Timetable

Ekennis Software IPO opens on Feb 21, 2022, while Richa Info Systems IPO opens on Feb 09, 2022. The closing date of Ekennis Software IPO and Richa Info Systems IPO is Feb 24, 2022, and Feb 11, 2022, respectively.

 Ekennis Software IPORicha Info Systems IPO
Anchor Bid Date
Issue OpenFeb 21, 2022Feb 09, 2022
Issue CloseFeb 24, 2022Feb 11, 2022
Basis Of Allotment (Tentative)Mar 02, 2022Feb 16, 2022
Initiation of Refunds (Tentative)Mar 03, 2022Feb 17, 2022
Credit of Share (Tentative)Mar 04, 2022Feb 17, 2022
Listing date (Tentative)Mar 07, 2022Feb 21, 2022
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Ekennis Software IPO P/E ratio is 11.4, as compared to Richa Info Systems IPO P/E ratio of 41.67.

 Ekennis Software IPORicha Info Systems IPO
Financials
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-Nov-21 31-Mar-21 31-Mar-20
Total Assets 172.13 88.38 40.65
Total Revenue 139.68 201.13 175.62
Profit After Tax 4.85 7.22 3.34
Promoter Shareholding (Pre-Issue)100
Promoter Shareholding (Post-Issue)71.42
P/E Ratio11.441.67
Market Cap₹10.08 Cr.₹30.38 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Ekennis Software IPO Retail Individual Investors (RII) are offered 1,88,800 shares while in Richa Info Systems IPO retail investors are offered 1,88,800 shares. Qualified Institutional Buyers (QIB) are offered in Ekennis Software IPO and in Richa Info Systems IPO.

 Ekennis Software IPORicha Info Systems IPO
Anchor Investor Reserveration
Market Maker Reserveration22,400 shares40,000 shares
QIB
NII1,88,800 shares3,80,000 shares
RII1,88,800 shares3,80,000 shares
Employee
Others
Total3,77,600 shares7,60,000 shares

Bids Received (Subscription)

Ekennis Software IPO subscribed 28.00x in total, whereas Richa Info Systems IPO subscribed 5.05x.

 Ekennis Software IPORicha Info Systems IPO
QIB (times)
NII (times)36.99x3.16x
Big NII (times)
Small NII (times)
RII (times)19.00x6.94x
Employee (times)
Other (times)
Total (times)28.00x5.05x