Comparison between Ekennis Software IPO and Safa Systems IPO.
Ekennis Software IPO is a SME Fixed Price IPO proposed to list at BSE SME while Safa Systems IPO is a SME Fixed Price proposed to list at BSE SME.
| Ekennis Software IPO | Safa Systems IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Fixed Price |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Shreni Shares Ltd. | Finshore Management Services Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Cameo Corporate Services Ltd. |
| Market Maker | Shreni Shares Ltd. | Nikunj Stock Brokers Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Ekennis Software IPO is up to ₹2.72 Cr whereas the issue size of the Safa Systems IPO is up to ₹3.80 Cr. The final issue price of Ekennis Software IPO is ₹72.00 per share and of Safa Systems IPO is ₹10.00 per share.
| Ekennis Software IPO | Safa Systems IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ||
| Issue Price (Upper) | ||
| Issue Price (Final) | ₹72.00 per share | ₹10.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | 10000 shares |
| Fresh Issue Size | 3,77,600 shares | 38,00,000 shares |
| Fresh Issue Size (Amount) | up to ₹2.72 Cr | up to ₹3.80 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 3,77,600 shares | 38,00,000 shares |
| Issue Size Total (Amount) | up to ₹2.72 Cr | up to ₹3.80 Cr |
Ekennis Software IPO opens on Feb 21, 2022, while Safa Systems IPO opens on Jan 28, 2022. The closing date of Ekennis Software IPO and Safa Systems IPO is Feb 24, 2022, and Feb 01, 2022, respectively.
| Ekennis Software IPO | Safa Systems IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Feb 21, 2022 | Jan 28, 2022 |
| Issue Close | Feb 24, 2022 | Feb 01, 2022 |
| Basis Of Allotment (Tentative) | Mar 02, 2022 | Feb 04, 2022 |
| Initiation of Refunds (Tentative) | Mar 03, 2022 | Feb 07, 2022 |
| Credit of Share (Tentative) | Mar 04, 2022 | Feb 08, 2022 |
| Listing date (Tentative) | Mar 07, 2022 | Feb 09, 2022 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Ekennis Software IPO P/E ratio is 11.4, as compared to Safa Systems IPO P/E ratio of 29.41.
| Ekennis Software IPO | Safa Systems IPO | |||||
|---|---|---|---|---|---|---|
| Financials | Company Financials ()
| Company Financials ()
| ||||
| Promoter Shareholding (Pre-Issue) | 100 | 100 | ||||
| Promoter Shareholding (Post-Issue) | 71.42 | 73.47 | ||||
| P/E Ratio | 11.4 | 29.41 | ||||
| Market Cap | ₹10.08 Cr. | ₹15.08 Cr. | ||||
| ROE | 126.47 | |||||
| ROCE | 173.31 | |||||
| Debt/Equity | 0.11 | |||||
| EPS | ₹189.83 | |||||
| RoNW | 77.48 | 3.48 |
In the Ekennis Software IPO Retail Individual Investors (RII) are offered 1,88,800 shares while in Safa Systems IPO retail investors are offered 1,88,800 shares. Qualified Institutional Buyers (QIB) are offered in Ekennis Software IPO and in Safa Systems IPO.
| Ekennis Software IPO | Safa Systems IPO | |
|---|---|---|
| Anchor Investor Reservation | ||
| Market Maker Reservation | 22,400 shares | 2,00,000 shares |
| QIB | ||
| NII | 1,88,800 shares | 19,00,000 shares |
| RII | 1,88,800 shares | 19,00,000 shares |
| Employee | ||
| Others | ||
| Total | 3,77,600 shares | 38,00,000 shares |
Ekennis Software IPO subscribed 28.00x in total, whereas Safa Systems IPO subscribed 52.71x.
| Ekennis Software IPO | Safa Systems IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 36.99x | 64.61x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 19.00x | 40.81x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 28.00x | 52.71x |
