Fixed Price IPO | ₹3 Cr | Listed at BSE SME | Mon, Feb 21, 2022 - Thu, Feb 24, 2022
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Feb 21, 2022
IPO Close
Thu, Feb 24, 2022
Issue Price
₹72 per share
Market Cap (Pre-IPO)
₹10.08 Cr
| IPO Date | 21 to 24 Feb, 2022 |
| Listed on | Mon, Mar 7, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹72 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 4,00,000 shares (agg. up to ₹3 Cr) |
| Reserved for Market Maker | 22,400 shares Shreni Shares Ltd. (agg. up to ₹0.1613 Cr) |
| Fresh Issue (Ex Market Maker) | 3,77,600 shares (agg. up to ₹3 Cr) |
| Net Offered to Public | 3,77,600 shares (agg. up to ₹3 Cr) |
| Share Holding Pre Issue | 10,00,000 shares |
| Share Holding Post Issue | 14,00,000 shares |
| BSE Script Code | 543475 |
| ISIN | INE0KCM01010 |
Ekennis Software IPO comprises a total issue size of 4,00,000 shares. The net offer to the public is 3,77,600 shares, after excluding 22,400 shares allotted on a firm basis. Of the Net offer 1,88,800 (50.00%) allocated to NII 1,88,800 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 1,88,800 | 50.00% | 47.20% |
| Retail Shares Offered | 1,88,800 | 50.00% | 47.20% |
| Firm Reservations | |||
| Market Maker Shares Offered | 22,400 | 5.60% | |
| Total Shares Offered | 4,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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 |
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
| 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 | Purchase of Plant and Machinery | 0.31 |
| 2 | Funding working capital requirements | 1.13 |
| 3 | General Corporate Purposes | 0.64 |
| KPI | |
|---|---|
| ROE | 126.47% |
| ROCE | 173.31% |
| Debt/Equity | 0.11 |
| RoNW | 77.48% |
| PAT Margin | 20.37% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 189.83 | |
| P/E (x) | 11.4 | |
| Promoter Holding | 100% | 71.42% |
| Market Cap | ₹10.08 Cr. |
The Ekennis Software IPO is subscribed 28 times on February 24, 2022 6:50:00 PM (Day 4). The public issue subscribed 19 times in the retail category, [.] times in the QIB category, and 36.99 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 36.99 | 1,88,800 | 69,84,000 |
| Retail | 19 | 1,88,800 | 35,87,200 |
| Total | 28 | 3,77,600 | 1,05,71,200 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees including underwriting commission | 0.31 |
| 2 | Brokerage, selling commission and upload fees | 0.00 |
| 3 | Registrar to the issue | 0.01 |
| 4 | Legal Advisors | 0.00 |
| 5 | Advertising and marketing expenses | 0.37 |
| 6 | Regulators including stock exchanges | 0.02 |
| 7 | Printing and distribution of issue stationary | 0.01 |
| 8 | Others, if any (market making, depositories, marketing fees, secretarial, peer review auditors, etc.) | 0.07 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹72.00 |
| Open | ₹80.00 |
| Low | ₹80.00 |
| High | ₹84.00 |
| Last Trade | ₹84.00 |
Lead Manager Reports
Ekennis Software IPO is a SME IPO of 4,00,000 equity shares of the face value of ₹10 aggregating up to ₹3 Crores. The issue is priced at ₹72 per share. The minimum order quantity is 1600.
The IPO opens on Mon, Feb 21, 2022, and closes on Thu, Feb 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 Mon, Feb 21, 2022 and closes on Thu, Feb 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 Fri, Mar 4, 2022. Check the Ekennis Software IPO allotment status.
The Ekennis Software IPO listing date is on Mon, Mar 7, 2022.
