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Ekennis Software IPO is a fixed price issue of ₹2.88 crores. The issue is entirely a fresh issue of 0.04 crore shares of ₹2.88 crore.
Ekennis Software IPO bidding started from Feb 21, 2022 and ended on Feb 24, 2022. The allotment for Ekennis Software IPO was finalized on Mar 2, 2022. The shares got listed on BSE SME on Mar 7, 2022.
Ekennis Software IPO price is ₹72.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,15,200 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,30,400.
Shreni Shares Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Shreni Shares Ltd..
Refer to Ekennis Software IPO RHP for detailed Information.
| IPO Date | February 21, 2022 to February 24, 2022 |
| Listing Date | March 7, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹72 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 4,00,000 shares (aggregating up to ₹2.88 Cr) |
| Reserved for Market Maker | 22,400 shares Shreni Shares Ltd. (aggregating up to ₹0.1613 Cr) |
| Net Offered to Public | 3,77,600 shares (aggregating up to ₹2.72 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 10,00,000 shares |
| Share Holding Post Issue | 14,00,000 shares |
Ekennis Software IPO offers total 4,00,000 shares. Out of which 1,88,800 (47.20%) allocated to NII, 1,88,800 (47.20%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 22,400 (5.60%) |
| NII (HNI) Shares Offered | 1,88,800 (47.20%) |
| Retail Shares Offered | 1,88,800 (47.20%) |
| Total Shares Offered | 4,00,000 (100.00%) |
Ekennis Software IPO opens on February 21, 2022, and closes on February 24, 2022.
| IPO Open Date | Mon, Feb 21, 2022 |
| IPO Close Date | Thu, Feb 24, 2022 |
| Tentative Allotment | Wed, Mar 2, 2022 |
| Initiation of Refunds | Thu, Mar 3, 2022 |
| Credit of Shares to Demat | Fri, Mar 4, 2022 |
| Tentative Listing Date | Mon, Mar 7, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Feb 24, 2022 |
Investors can bid for a minimum of 1,600 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 | 1,600 | ₹1,15,200 |
| Retail (Max) | 1 | 1,600 | ₹1,15,200 |
| HNI (Min) | 2 | 3,200 | ₹2,30,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Ekennis Software Service Ltd is engaged in the business of software IT solution and consulting services, IT product/ software development, and software training, ERP solution, Learning Management Solution, 3D printing, Digital printing and packaging design consultancy. It also provides business process analysis, system design, technical expertise, implementation, training, and support services, and has expertise in SAP ERP.
Competitive strengths
| 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 | ||
The market capitalization of Ekennis Software IPO is ₹10.08 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 11.4 |
[Dilip Davda] The company has an almost static top line for the reported financial data with super-profits for the last 21.5 months. Based on these super earnings, the issue is fully priced. Post-IPO it is paid-up capital of Rs. 1.40 cr. indicates longer gestation for migration to the mainboard. The company has not given a break-up of revenue and it appears it is primarily operating in digital and 3D printed packaging. Higher spending for the IPO indicates funding for this issue is fully arranged. There is no harm in ignoring this window dressed offer. Read detail review...
| Listing Date | March 7, 2022 |
| BSE Script Code | 543475 |
| NSE Symbol | |
| ISIN | INE0KCM01010 |
| Final Issue Price | ₹72 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹72.00 |
| Open | ₹80.00 |
| Low | ₹80.00 |
| High | ₹84.00 |
| Last Trade | ₹84.00 |
Ekennis Software Service Ltd.
2 nd Floor, Concord Anthuriams,
Neeladri Road No. 49,50,51, Dodathogur Vill,
Electronic City,
Bangalore Urban, Karnataka, 560100
Phone: 080 – 4114 5095
Email: info@ekennis.com
Website: http://www.ekennis.com/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Ekennis Software IPO is a SME IPO of 4,00,000 equity shares of the face value of ₹10 aggregating up to ₹2.88 Crores. The issue is priced at ₹72 per share. The minimum order quantity is 1600.
The IPO opens on February 21, 2022, and closes on February 24, 2022.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Ekennis Software IPO using UPI as a payment gateway. Zerodha customers can apply in Ekennis Software IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ekennis Software IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ekennis Software IPO opens on February 21, 2022 and closes on February 24, 2022.
Ekennis Software IPO lot size is 1600, and the minimum amount required for application is ₹1,15,200.
You can apply in Ekennis Software 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 Ekennis Software IPO will be done on Wednesday, March 2, 2022, and the allotted shares will be credited to your demat account by Friday, March 4, 2022. Check the Ekennis Software IPO allotment status.
The Ekennis Software IPO listing date is on Monday, March 7, 2022.
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