Fixed Price IPO | ₹22 Cr | Listed at NSE SME | Thu, May 3, 2018 - Mon, May 7, 2018
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, May 3, 2018
IPO Close
Mon, May 7, 2018
Issue Price
₹57 per share
Market Cap (Pre-IPO)
₹81.20 Cr
| IPO Date | 3 to 7 May, 2018 |
| Listed on | Tue, May 15, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹57 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 38,58,000 shares (agg. up to ₹22 Cr) |
| Reserved for Market Maker | 1,94,000 shares Choice Equity Broking Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 25,56,000 shares (agg. up to ₹15 Cr) |
| Offer for Sale | 11,08,000 shares of ₹10 (agg. up to ₹6 Cr) |
| Net Offered to Public | 36,64,000 shares (agg. up to ₹21 Cr) |
| Share Holding Pre Issue | 1,14,95,110 shares |
| Share Holding Post Issue | 1,42,45,110 shares |
| NSE Symbol | E2E |
| ISIN | INE255Z01019 |
E2E Networks IPO comprises a total issue size of 38,58,000 shares. The net offer to the public is 36,64,000 shares, after excluding 1,94,000 shares allotted on a firm basis. Of the Net offer 18,32,000 (50.00%) allocated to NII 18,32,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 18,32,000 | 50.00% | 47.49% |
| Retail Shares Offered | 18,32,000 | 50.00% | 47.49% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,94,000 | 5.03% | |
| Total Shares Offered | 38,58,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital requirements | 10.86 |
| 2 | General Corporate Purposes | 3.62 |
The E2E Networks IPO is subscribed 73.81 times on May 7, 2018 5:00:00 PM (Day 3). The public issue subscribed 13.39 times in the retail category, [.] times in the QIB category, and 130.82 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 130.82 | 18,32,000 | 23,96,64,000 |
| Retail | 13.39 | 18,32,000 | 2,45,38,000 |
| Total | 73.81 | 36,64,000 | 27,04,58,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant banker including expenses towards printing, advertising, and payments to other intermediaries such as Registrars, Bankers, Brokers, SCSB’s, RTA’s, CDP’s etc.and other regulatory fees | 0.62 |
| 2 | Marketing and Other Expenses | 1.05 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹57.00 |
| Open | ₹85.00 |
| Low | ₹84.00 |
| High | ₹89.25 |
| Last Trade | ₹89.00 |
Lead Manager Reports
E2E Networks IPO is a SME IPO of 38,58,000 equity shares of the face value of ₹10 aggregating up to ₹22 Crores. The issue is priced at ₹57 per share. The minimum order quantity is 2000.
The IPO opens on Thu, May 3, 2018, and closes on Mon, 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 Thu, May 3, 2018 and closes on Mon, 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 Tue, May 15, 2018.
