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Ekennis Software IPO vs Swaraj Suiting IPO

Comparison between Ekennis Software IPO and Swaraj Suiting IPO.

IPO Details

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

 Ekennis Software IPOSwaraj Suiting IPO
LogoEkennis Software IPO LogoSwaraj Suiting IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMENSE SME
Lead ManagersShreni Shares Ltd.Finshore Management Services Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerShreni Shares Ltd.Nikunj Stock Brokers 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 Swaraj Suiting IPO is up to ₹10.15 Cr. The final issue price of Ekennis Software IPO is ₹72.00 per share and of Swaraj Suiting IPO is ₹56.00 per share.

 Ekennis Software IPOSwaraj Suiting IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹72.00 per share₹56.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares2000 shares
Fresh Issue Size3,77,600 shares18,12,000 shares
Fresh Issue Size (Amount)up to ₹2.72 Crup to ₹10.15 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total3,77,600 shares18,12,000 shares
Issue Size Total (Amount)up to ₹2.72 Crup to ₹10.15 Cr

IPO Timetable

Ekennis Software IPO opens on Feb 21, 2022, while Swaraj Suiting IPO opens on Mar 15, 2022. The closing date of Ekennis Software IPO and Swaraj Suiting IPO is Feb 24, 2022, and Mar 17, 2022, respectively.

 Ekennis Software IPOSwaraj Suiting IPO
Anchor Bid Date
Issue OpenFeb 21, 2022Mar 15, 2022
Issue CloseFeb 24, 2022Mar 17, 2022
Basis Of Allotment (Tentative)Mar 02, 2022Mar 23, 2022
Initiation of Refunds (Tentative)Mar 03, 2022Mar 24, 2022
Credit of Share (Tentative)Mar 04, 2022Mar 25, 2022
Listing date (Tentative)Mar 07, 2022Mar 28, 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 Swaraj Suiting IPO P/E ratio of 10.55.

 Ekennis Software IPOSwaraj Suiting 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 (Rs in million)
  30-Sep-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 916.23 917.17 970.45 937.34
Total Revenue 817.19 602.16 806.53 764.17
Profit After Tax 19.10 26.75 35.43 21.86
Promoter Shareholding (Pre-Issue)10099.74
Promoter Shareholding (Post-Issue)71.4273.31
P/E Ratio11.410.55
Market Cap₹10.08 Cr.₹40.32 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 Swaraj Suiting IPO retail investors are offered 1,88,800 shares. Qualified Institutional Buyers (QIB) are offered in Ekennis Software IPO and in Swaraj Suiting IPO.

 Ekennis Software IPOSwaraj Suiting IPO
Anchor Investor Reserveration
Market Maker Reserveration22,400 shares96,000 shares
QIB
NII1,88,800 shares9,04,000 shares
RII1,88,800 shares9,08,000 shares
Employee
Others
Total3,77,600 shares18,12,000 shares

Bids Received (Subscription)

Ekennis Software IPO subscribed 28.00x in total, whereas Swaraj Suiting IPO subscribed 12.13x.

 Ekennis Software IPOSwaraj Suiting IPO
QIB (times)
NII (times)36.99x13.81x
Big NII (times)
Small NII (times)
RII (times)19.00x10.46x
Employee (times)
Other (times)
Total (times)28.00x12.13x