Ekennis Software IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 16, 2022Let’s have a detailed review of the company and analytics of the Ekennis Software IPO release date, IPO offer price, subscription, Ekennis Software Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 72 |
| Listing At | BSE, SME |
| Min. Order Quantity | 1600 Shares |
| Listing Date | Mar 7, 2022 |
| Offer for Sale | Rs Million |
| Fresh Issue | Rs 28.8 Million |
| IPO Size | Rs 28.8 Million |
| Tick Size | 1 |
Ekennis Software IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Ekennis Software IPO – Summary
Their company was originally incorporated as a One Person Company under the name “Ekennis Software Service (OPC) Private Limited” under the provisions of the Companies Act, 2013 and Certificate of Incorporation was issued by the Registrar of Companies, Central Registration Centre, on February 28, 2019.
The status of the Company was changed to public limited and the name of their Company was changed to “Ekennis Software Service Limited” vide Special Resolution passed by the shareholders at the Annual General Meeting of their Company held on November 05, 2021.
Ekennis Software IPO Date
The opening and the closing date of Ekennis Software IPO are Feb 21, 2022 and Feb 24, 2022 Respectively.
Ekennis Software IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 21st Feb | 1.69x | 1.18x | 1.44x |
| 2nd Day – 22nd Feb | 1.73x | 2.85x | 2.29x |
| 3rd Day – 23rd Feb | 1.84x | 5.58x | 3.71x |
| 4th Day – 24th Feb | 36.99x | 19.00x | 28.00x |
| Shares Offered or Net Issue | 188,800 | 188,800 | 377,600 |
The shares subscribed by the public will be updated here.
Check Ekennis Software IPO LIVE Subscription
- Ekennis Software IPO LIVE Bid details on BSE
- Ekennis Software IPO LIVE Bid details on SME
For the Latest Bid details click on the above links.
Ekennis Software IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Ekennis Software Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Mar 2, 2022 |
| Refunds Initiation | Mar 3, 2022 |
| Credit of Shares to Demat Account | Mar 4, 2022 |
| Share Listing Date | Mar 7, 2022 |
Ekennis Software IPO Price Band / Cash Price
The face value of each share is Rs.10, but the price band of the IPO is Rs.72
Ekennis Software IPO Equity Size
This Initial Public Issue of 4,00,000 Equity Shares of Rs.10 each for cash at a price of Rs.72 per equity share aggregating to Rs.28.8 Million.
Ekennis Software IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 4,00,000 Equity Shares of Rs.10/ each.
Issue Size: 4,00,000 Equity Shares of Rs.10 each, aggregating to Rs.28.8 Million
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Ekennis Software IPO – Live Performance
The listing date of this IPO is Mar 7, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Ekennis Software Share Price |
Ekennis Software IPO Grey Market Premium
The Ekennis Software Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Ekennis Software IPO – Company Overview
Their company was originally incorporated as a One Person Company under the name “Ekennis Software Service (OPC) Private Limited” under the provisions of the Companies Act, 2013 and Certificate of Incorporation was issued by the Registrar of Companies, Central Registration Centre, Manesar on February 28, 2019.
The status of the Company was changed to public limited and the name of their Company was changed to “Ekennis Software Service Limited” vide Special Resolution passed by the shareholders at the Annual General Meeting of their Company held on November 05, 2021.
Ekennis Software IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | |||
| 31-Mar-20 | 31-Mar-21 | 15-Jan-22 | |
| Total Assets | 163.87 | 261.53 | 301.07 |
| *Total Revenue | 485.78 | 468.67 | 367.18 |
| Total Expense | 456.50 | 341.52 | 266.38 |
| Profit After Tax | 22.60 | 94.92 | 70.20 |
Earnings per Equity Share (in Million)
| 31-Mar-20 | 31-Mar-21 | 15-Jan-22 |
|
| Basic & Diluted | 45.19 | 189.83 | 140.41 |
Further, their PAT for the period ended on March 31, 2020, March 31, 2021, and 15 Jan 2022, were Rs.22.60 Lakhs, Rs.94.92 Lakhs, Rs. 70.20 Lakhs Respectively.
Ekennis Software IPO – Promoters
The Promoter of this company is:
- MS. MANISHA SHARMA
List of Related Parties (Key Managerial Personnel)
- Ms. Manisha Sharma, Chairman & Managing Director
- Ms. Ruchita Joshi, Non – Executive Director
- Ms. Shilpi Sharma, Non-Executive Independent Director
- Ms. Urvashi Upadhyay, Non-Executive Independent Director
- Ms. Uma Chidambaram Krishnan, Non-Executive Independent Director
Ekennis Software IPO – Promoters Holding
- Pre Issue Share Holding – 100%
- Pos Issue Share Holding – 71.42%
Ekennis Software IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 4,00,000 Equity Shares aggregating up to Rs.28.8 Million |
| of which: | |
| Issue Reserved for the Market Makers | Up to 22,400 Equity Shares aggregating up to Rs.1.613 Million |
| Net Issue to the Public | Up to 3,77,600 Equity Shares aggregating up to Rs.27.187 Million |
| Of which: | |
| Retail Investors Portion | Not less than 1,88,800 Equity Shares |
| Other than Retail Individual Investors | Not more than 1,88,800 Equity Shares |
| Equity Shares outstanding prior to the Issue | 10,00,000 Equity Shares |
| Equity Shares outstanding after the Issue | 14,00,000 Equity Shares |
Ekennis Software IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Purchase of Plant and Machinery;
2. Funding working capital requirements; and
3. General corporate purposes.
Ekennis Software IPO – Business Strategy
- Increase their existing installed capacities.
- Increase Brand awareness
- Build capabilities and functional expertise with a focus on the Education, Food, Entertainment, Healthcare, Manufacturing, Hospitality & Retail Vertical.
- They provide a diverse range of software products across varied customer segments.
- Continue to Focus on Providing Customer Centric Services and Offerings
Ekennis Software IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Experienced Promoter and a well-trained employee base;
- Comprehensive and integrated range of offerings that provide a “one stop shop” for managed business solutions to a diversified clientele;
- E-Learning & Mobile Learning Solutions;
- EATS (Ekennis Application Tracking System) for Staffing Solutions;
- One Stop Packaging Provider;
- Digitized Printing with modern-day technology;
- Strengthen human capital;
- Cost Advantage and Differentiation Strategy;
- Quality Policy;
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 189.83 | 77.48 | 245.02 |
| 31-Mar-20 | 45.19 | 81.88 | 55.19 |
Ekennis Software IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Ekennis Software Limited | 10 | 7.59 | 9.49 | 77.48 | 12.25 |
| Listed Peers | |||||
| Mindpool Technologies Limited | 10 | 4.75 | 3.52 | 8.51 | 41.37 |
Ekennis Software IPO Lead Managers
| Lead Managers |
| SHRENI SHARES PRIVATE LIMITED Office No. 102, 1st Floor, Sea Lord CHS, Ram Nagar, Borivali (West), Mumbai – 400 092, Maharashtra, India Telephone: 022 – 2808 8456 E-mail: shrenishares@gmail.com Investors Grievance e-mail: info@shreni.in Website: www.shreni.in Contact Person: Ms. Kritika Rupda SEBI Registration Number: INM000012759 |
Ekennis Software IPO Registrar to offer
| Registrar to the Offer |
| SKYLINE FINANCIAL SERVICES PRIVATE LIMITED D – 153A, First Floor, Okhla Industrial Area, Phase – 1, New Delhi – 110 020, India Telephone: 011 – 4045 0193/97 E-mail: compliances@skylinerta.com Investor Grievance e-mail: grievances@skylinerta.com Website: www.skylinerta.com Contact Person: Mr. Alok Gautam SEBI Registration Number: INR000003241 |
Ekennis Software IPO – Other Details
- Statutory Auditor – M/s A Y & Company
- Legal Counsel to the Company – Asha Agarwal & Associates
- Bankers to the Company – HDFC Bank Limited
Ekennis Software IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Ekennis Software Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Ekennis Software IPO Review FAQs
Ques – What is the Issue Size of Ekennis Software IPO?
Answer – The Company is making an initial public offer of 4,00,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.
Ques – What is the Price band of Ekennis Software IPO?
Answer – The price band for this particular IPO ranges between 72. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the Ekennis Software IPO Open Date?
Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on Feb 21, 2022, while the closing date is set at Feb 24, 2022.
Ques – What is the Ekennis Software IPO Allotment Date?
Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Mar 2, 2022, refund initiation is on Mar 3, 2022, credit of shares is on Mar 4, 2022, and share listing date is on Mar 7, 2022.
Ques – What is the Ekennis Software IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges Mar 7, 2022. The date, when the listing would be done, is stagnant on Mar 7, 2022.
Ques – Who is the Registrar of Ekennis Software IPO?
Answer – One of the reputed registrars is managing the issue of this IPO, i.e.SKYLINE FINANCIAL SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of Ekennis Software IPO?
Answer – Here are the promoters of this IPO – MS. MANISHA SHARMA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is GMP of Ekennis Software IPO?
Answer – They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is Ekennis Software IPO good for Investment?
Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of Ekennis Software Company?
Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2020 in Lakhs is 22.60, 2021 is 94.92, 15 Jan 2022 is 70.20.
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