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E2E Networks IPO is a fixed price issue of ₹21.99 crores. The issue is a combination of fresh issue of 0.28 crore shares aggregating to ₹15.68 crores and offer for sale of 0.11 crore shares aggregating to ₹6.32 crores.
E2E Networks IPO bidding started from May 3, 2018 and ended on May 7, 2018. The shares got listed on NSE SME on May 15, 2018.
E2E Networks IPO price is ₹57.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,14,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,28,000.
Holani Consultants Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Choice Equity Broking Pvt.Ltd..
Refer to E2E Networks IPO RHP for detailed Information.
| IPO Date | May 3, 2018 to May 7, 2018 |
| Listing Date | May 15, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹57 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 38,58,000 shares (aggregating up to ₹21.99 Cr) |
| Reserved for Market Maker | 1,94,000 shares Choice Equity Broking Pvt.Ltd. (aggregating up to ₹1.11 Cr) |
| Fresh Issue (Ex Market Maker) | 25,56,000 shares (aggregating up to ₹14.57 Cr) |
| Offer for Sale | 11,08,000 shares of ₹10 (aggregating up to ₹6.32 Cr) |
| Net Offered to Public | 36,64,000 shares (aggregating up to ₹20.88 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,14,95,110 shares |
| Share Holding Post Issue | 1,42,45,110 shares |
E2E Networks IPO offers total 38,58,000 shares. Out of which 18,32,000 (47.49%) allocated to NII, 18,32,000 (47.49%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,94,000 (5.03%) |
| NII (HNI) Shares Offered | 18,32,000 (47.49%) |
| Retail Shares Offered | 18,32,000 (47.49%) |
| Total Shares Offered | 38,58,000 (100.00%) |
E2E Networks IPO opens on May 3, 2018, and closes on May 7, 2018.
| IPO Open Date | Thu, May 3, 2018 |
| IPO Close Date | Mon, May 7, 2018 |
| Tentative Listing Date | Tue, May 15, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, May 7, 2018 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,14,000 |
| Retail (Max) | 1 | 2,000 | ₹1,14,000 |
| HNI (Min) | 2 | 4,000 | ₹2,28,000 |
Incorporated in 2009, Haryana based E2E Networks Limited is in the business of, providing Cloud Infrastructure in India. The company provides its services through Third Party Data Centers situated at Noida, Mumbai, and Vellore.
E2E launched contract-less computing in India, way back in 2009. It followed it up by launching an hourly billed pure SSD (Solid-State-Drive) public cloud and private cloud. The company's Cloud Infrastructure has been used by many well-known companies across industries like E-Commerce, Digital Classified, BFSI and a whole host of new-age digital businesses.
E2E has 76 employees on its payroll.
| Particulars | For the year/period ended (in Rs. Lacs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 1,565.40 | 1,346.54 | 796.30 | 253.77 | 163.34 | |
| Total Revenue | 2,952.55 | 2,147.15 | 992.72 | 519.42 | 300.90 | |
| Profit After Tax | 421.38 | 222.29 | 84.32 | 28.18 | 26.25 | |
The Company E2E Networks IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Working Capital requirements | 10.86 |
| 2 | General Corporate Purposes | 3.62 |
[Dilip Davda] <p>Based on outperforming track record by the company so far and pricing around 12 P/E the offer looks appealing. However, investors may consider investment for long term.</p> Read detail review...
| Listing Date | May 15, 2018 |
| BSE Script Code | |
| NSE Symbol | E2E |
| ISIN | INE255Z01019 |
| Final Issue Price | ₹57 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹57.00 |
| Open | ₹85.00 |
| Low | ₹84.00 |
| High | ₹89.25 |
| Last Trade | ₹89.00 |
E2E Networks Ltd.
282, Sector-19,
Sector-19,
Faridabad, Haryana, 121002
Phone: +91 11-3001-8095
Email: srishti.baweja@e2enetworks.com
Website: http://www.e2enetworks.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: e2e.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
E2E Networks IPO is a SME IPO of 38,58,000 equity shares of the face value of ₹10 aggregating up to ₹21.99 Crores. The issue is priced at ₹57 per share. The minimum order quantity is 2000.
The IPO opens on May 3, 2018, and closes on May 7, 2018.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in E2E Networks IPO using UPI as a payment gateway. Zerodha customers can apply in E2E Networks IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in E2E Networks IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The E2E Networks IPO opens on May 3, 2018 and closes on May 7, 2018.
E2E Networks IPO lot size is 2000, and the minimum amount required for application is ₹1,14,000.
You can apply in E2E Networks IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for E2E Networks IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the E2E Networks IPO allotment status.
The E2E Networks IPO listing date is on Tuesday, May 15, 2018.
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