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EKI Energy IPO is a book build issue of ₹18.60 crores. The issue is entirely a fresh issue of 0.18 crore shares of ₹18.60 crore.
EKI Energy IPO bidding started from Mar 24, 2021 and ended on Mar 26, 2021. The allotment for EKI Energy IPO was finalized on Apr 1, 2021. The shares got listed on BSE SME on Apr 7, 2021.
EKI Energy IPO price band is set at ₹102.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,20,000 (1200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,44,800.
Hem Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Hem Finlease Pvt.Ltd..
Refer to EKI Energy IPO RHP for detailed Information.
| IPO Date | March 24, 2021 to March 26, 2021 |
| Listing Date | April 7, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹100 to ₹102 per share |
| Issue Price Final | ₹102 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 18,24,000 shares (aggregating up to ₹18.60 Cr) |
| Reserved for Market Maker | 96,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹0.9792 Cr) |
| Net Offered to Public | 17,28,000 shares (aggregating up to ₹17.63 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 50,50,000 shares |
| Share Holding Post Issue | 68,74,000 shares |
EKI Energy Services IPO offers total 18,24,000 shares. Out of which 8,62,800 (47.30%) allocated to QIB, 3,45,600 (18.95%) allocated to QIB, 2,60,400 (14.28%) allocated to NII, 6,04,800 (33.16%) allocated to RII and 5,17,200 (28.36%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 96,000 (5.26%) |
| QIB Shares Offered | 8,62,800 (47.30%) |
| − Anchor Investor Shares Offered | 5,17,200 (28.36%) |
| − QIB (Ex. Anchor) Shares Offered | 3,45,600 (18.95%) |
| NII (HNI) Shares Offered | 2,60,400 (14.28%) |
| Retail Shares Offered | 6,04,800 (33.16%) |
| Total Shares Offered | 18,24,000 (100.00%) |
EKI Energy IPO raises ₹5.28 crore from anchor investors. EKI Energy IPO Anchor bid date is March 23, 2021. EKI Energy IPO Anchor Investors list
| Bid Date | March 23, 2021 |
| Shares Offered | 5,17,200 |
| Anchor Portion Size (In Cr.) | 5.28 |
| Anchor lock-in period end date for 50% shares (30 Days) | May 1, 2021 |
| Anchor lock-in period end date for remaining shares (90 Days) | June 30, 2021 |
EKI Energy IPO opens on March 24, 2021, and closes on March 26, 2021.
| IPO Open Date | Wed, Mar 24, 2021 |
| IPO Close Date | Fri, Mar 26, 2021 |
| Tentative Allotment | Thu, Apr 1, 2021 |
| Initiation of Refunds | Tue, Apr 6, 2021 |
| Credit of Shares to Demat | Tue, Apr 6, 2021 |
| Tentative Listing Date | Wed, Apr 7, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Mar 26, 2021 |
Investors can bid for a minimum of 1,200 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 | 1,200 | ₹1,22,400 |
| Retail (Max) | 1 | 1,200 | ₹1,22,400 |
| HNI (Min) | 2 | 2,400 | ₹2,44,800 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2011, EKI Energy Services is a well-recognized brand in the realm of "climate change, carbon credit, and sustainability solutions" across the globe. Initially, the company started its business as a climate change advisory services such as consultancy services for registration, validation, monitoring, verification, insurance, and trading of eligible Carbon Credits Projects but over the period, it has expanded its services into carbon credits trading, Business excellence advisory services & training services, and Electrical Safety Audits.
The company offers its services to various government and private sector clients in waste management, power generation, clean development mechanism, airports, and others. The firm not only serves customers domestically but also serves clients in countries like Australia, USA, Germany, Europe, etc. Airport Authority of India, World Bank, Azure Power, Kerala State Electricity Board, National Thermal Power Corporation (NTPC), GAIL, GMR Energy Limited, NHPC, Indian Railways, etc. are some of its customers.
Competitive Strengths
| Particulars | For the year/period ended (₹ in lakh) | ||||
|---|---|---|---|---|---|
| 30-Sep-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 2,186.19 | 1,609.68 | 412.31 | 276.60 | |
| Total Revenue | 5,996.34 | 6,601.90 | 1,988.13 | 701.01 | |
| Profit After Tax | 538.58 | 447.45 | 68.04 | 26.91 | |
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 11.51 |
The Company EKI Energy 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 | To meet Working Capital requirements | 14.00 |
| 2 | General Corporate Purpose | 2.79 |
[Dilip Davda] EKI has created a niche place in environmental services and is specializing in carbon credit with over 95% revenue from global markets. It has posted progressive financial data for the last three and a half fiscals. Based on these parameters, the IPO is reasonably priced. Investors may consider investing in this lucrative IPO for the medium to long term. Post listing may attract the fancy of being the major player in the segment. Read detail review...
| Listing Date | April 7, 2021 |
| BSE Script Code | 543284 |
| NSE Symbol | |
| ISIN | INE0CPR01018 |
| Final Issue Price | ₹102 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹102.00 |
| Open | ₹140.00 |
| Low | ₹140.00 |
| High | ₹147.00 |
| Last Trade | ₹147.00 |
EKI Energy Services Ltd.
201, Plot No. 48., Scheme No. 78, Part-II,
Vijay Nagar (Near Brilliant Convention Centre),
Indore-452010
Indore, Madhya Pradesh
Phone: 0731-4289086
Email: cs@enkingint.org
Website: http://www.enkingint.org/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
EKI Energy IPO is a SME IPO of 18,24,000 equity shares of the face value of ₹10 aggregating up to ₹18.60 Crores. The issue is priced at ₹102 per share. The minimum order quantity is 1200.
The IPO opens on March 24, 2021, and closes on March 26, 2021.
Bigshare 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 EKI Energy IPO using UPI as a payment gateway. Zerodha customers can apply in EKI Energy IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in EKI Energy IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The EKI Energy IPO opens on March 24, 2021 and closes on March 26, 2021.
EKI Energy IPO lot size is 1200, and the minimum amount required for application is ₹1,22,400.
You can apply in EKI Energy 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 EKI Energy IPO will be done on Thursday, April 1, 2021, and the allotted shares will be credited to your demat account by Tuesday, April 6, 2021. Check the EKI Energy IPO allotment status.
The EKI Energy IPO listing date is on Wednesday, April 7, 2021.
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