Bookbuilding IPO | ₹19 Cr | Listed at BSE SME | Wed, Mar 24, 2021 - Fri, Mar 26, 2021
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 per share. The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,22,400 (1200 shares) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Mar 24, 2021
IPO Close
Fri, Mar 26, 2021
Issue Price
₹102 per share
Market Cap (Pre-IPO)
₹70.11 Cr
| IPO Date | 24 to 26 Mar, 2021 |
| Listed on | Wed, Apr 7, 2021 |
| Face Value | ₹10 per share |
| Price Band | ₹100 to ₹102 |
| Issue Price | ₹102 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 18,24,000 shares (agg. up to ₹19 Cr) |
| Reserved for Market Maker | 96,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹0.9792 Cr) |
| Fresh Issue (Ex Market Maker) | 17,28,000 shares (agg. up to ₹18 Cr) |
| Net Offered to Public | 17,28,000 shares (agg. up to ₹18 Cr) |
| Share Holding Pre Issue | 50,50,000 shares |
| Share Holding Post Issue | 68,74,000 shares |
| BSE Script Code | 543284 |
| ISIN | INE0CPR01018 |
EKI Energy IPO comprises a total issue size of 18,24,000 shares. The net offer to the public is 17,28,000 shares, after excluding 96,000 shares allotted on a firm basis. Of the Net offer 8,62,800 (49.93%) are allocated to QIB, 2,60,400 (15.07%) allocated to NII 6,04,800 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 8,62,800 | 49.93% | 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 | 15.07% | 14.28% |
| Retail Shares Offered | 6,04,800 | 35.00% | 33.16% |
| Firm Reservations | |||
| Market Maker Shares Offered | 96,000 | 5.26% | |
| Total Shares Offered | 18,24,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| 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 |
EKI Energy IPO raises ₹5.28 crore from anchor investors. EKI Energy IPO Anchor bid date is March 23, 2021.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Mar 23, 2021 |
| Shares Offered | 5,17,200 |
| Anchor Portion (₹ Cr.) | 5.28 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, May 1, 2021 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Jun 30, 2021 |
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
| 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 | To meet Working Capital requirements | 14.00 |
| 2 | General Corporate Purpose | 2.79 |
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 11.51 | |
| Promoter Holding | 100% | |
| Market Cap | ₹70.11 Cr. |
The EKI Energy Services IPO is subscribed 4.05 times on March 26, 2021 6:49:00 AM (Day 3). The public issue subscribed 3.13 times in the retail category, 1 times in the QIB category, and 10.25 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 1 | 3,45,600 | 3,45,600 |
| NII* | 10.25 | 2,60,400 | 26,70,000 |
| Retail | 3.13 | 6,04,800 | 18,93,600 |
| Total | 4.05 | 12,10,800 | 49,09,200 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees | 0.78 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable for Advertising and Publishing Expense | 0.03 |
| 4 | Fees Payable to Regulators including Stock Exchange | 0.06 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.03 |
| 6 | Fees Payable to Auditor, Legal Advisors and other Professionals | 0.05 |
| 7 | Others (Fees payable for Marketing & distribution expenses, Selling Commission, Syndicate Member Commission, Brokerage, Processing Fees*, Underwriting fees and Miscellaneous Expenses) | 0.87 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹102.00 |
| Open | ₹140.00 |
| Low | ₹140.00 |
| High | ₹147.00 |
| Last Trade | ₹147.00 |
Lead Manager Reports
EKI Energy IPO is a SME IPO of 18,24,000 equity shares of the face value of ₹10 aggregating up to ₹19 Crores. The issue is priced at ₹102 per share. The minimum order quantity is 1200.
The IPO opens on Wed, Mar 24, 2021, and closes on Fri, Mar 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 Wed, Mar 24, 2021 and closes on Fri, Mar 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 Tue, Apr 6, 2021. Check the EKI Energy IPO allotment status.
The EKI Energy IPO listing date is on Wed, Apr 7, 2021.
