EKI Energy Services IPO – Review, Allotment, Subscription, GMP & DRHP
Last Updated Date: Nov 16, 2022Let’s have a detailed review of the company and analytics of the EKI Energy Services IPO release date, IPO offer price, subscription, EKI Energy Services 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 100 to 102 |
| Listing At | BSE SME |
| Min. Order Quantity | 1200 Shares |
| Listing Date | Apr 7, 2021 |
| IPO Size | Rs 18.60 Cr |
| Tick Size | 1 |
EKI Energy Services IPO is listed at [●] premium. Check out the live share price by clicking on the below link.
| EKI Energy Services Share Price – Live Performance |
EKI Energy Services IPO – Summary
Their Company, was originally incorporated as EKI Energy Services Limited on May 03, 2011 under the provisions of Companies Act, 1956.
Their Company has been in the business of Climate Change Advisory Services, Carbon Credits Trading, Business Excellence Advisory and Electrical Safety Audits.
They are offering their services to various clients in the government and private sectors like power generation, waste management, clean development mechanism, airports and many more industries.
The Promoter of this company is Mr. Manish Kumar Dabkara. The lead manager to the issue is HEM SECURITIES LIMITED, and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.
EKI Energy Services IPO Date
The opening and the closing date of IPO of EKI Energy Services Limited is Mar 24, 2021 and Mar 26, 2021.
EKI Energy Services Limited IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – Mar 24 | NA | 0.14x | 0.33x | 0.23x |
| 2nd Day – Mar 25 | 1.00x | 1.22x | 1.21x | 1.15x |
| 3rd Day – Mar 26 | 1.00x | 10.25x | 3.13x | 4.05x |
| Shares Offered or Net Issue | 345,600 | 864,000 | 864,000 | 1,728,000 |
The shares subscribed by the public will be updated here.
EKI Energy Services 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.
EKI Energy Services Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing and more:
| Basis of Allotment Finalization | Apr 1, 2021 |
| Refunds Initiation | Apr 6, 2021 |
| Credit of Shares to Demat Account | Apr 6, 2021 |
| Share Listing Date | Apr 7, 2021 |
EKI Energy Services IPO Price Band / Cash Price
The face value of each share is Rs.10, but the price band of the IPO is Rs.100 to 102
EKI Energy Services IPO Equity Size
This Initial Public Issue of 18,24,000 Equity Shares of Rs.10 each for cash at a price of Rs.100 to 102 per equity share aggregating to Rs.18.60 Cr.
EKI Energy Services IPO Share Offering
Net Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] equity Shares of Rs.10/ each.
Issue Size: 18,24,000 Equity Shares of Rs.10 each, aggregating to Rs.18.60 Cr.
EKI Energy Services IPO – Live Performance
The listing date of this IPO is Apr 7, 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – EKI Energy Services Share Price |
EKI Energy Services IPO Grey Market Premium
The EKI Energy Services Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
EKI Energy Services IPO – Company Overview
In the year 2011 they started the business of climate change advisory services involving consultancy for validation, registration, monitoring, verification, issuance and trading of eligible Carbon Credits Projects as from CDM (Clean Development Mechanism) /VCS (Verified Carbon Standard) Project.
With the response from the market, their company further expanded it services in the year 2015 into carbon credits trading and also started various other services like Business Excellence Advisory Services & Training Services.
Today with increasing awareness among the community with regards to the environment safety and energy conservation the company has also entered in to Electrical Safety Audits.
EKI Energy Services IPO Business Verticals
Their Company is an ISO 9001:2015 certified provider of different types of services relating to carbon offsets generation projects and National/International management standards implementation, management consulting, audit, training while considering the context of the organization andto meeting the needs and expectations of all interested parties stakeholders, statutory and regulatory requirements.
They focus on client centric services particularly in the field of energy conservation, climate change advisory & business excellence sector domain, where the clients can get services like: consultancy, advisory, compliance, audits, trading & training services to become more profitable and sustainable
EKI Energy Services IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 30-Sep-20 | 31-Mar-20 | 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 |
| Total Expense | 5,276.62 | 6,007.71 | 1,896.49 | 665.20 |
| Profit After Tax | 538.58 | 447.45 | 68.04 | 26.91 |
Earnings per Equity Share (in Lakh)
| 30-Sep-20 | 31-Mar-20 | Mar-19 | 31-Mar-18 |
|
| Basic & Diluted | 10.66 | 8.86 | 1.35 | 0.53 |
For the period ended on September 30, 2020, March 31, 2020, March 31, 2019 and March 31, 2018 their total revenue stood at Rs 5990.33 Lakhs, Rs 6590.44 Lakhs, Rs. 1975.57 Lakhs and Rs. 698.68 Lakhs respectively.
Further, their PAT for the period ended on September 30, 2020, March 31, 2020, March 31, 2019 and March 31, 2018 were Rs. 538.58 Lakhs, Rs. 447.45 Lakhs, Rs. 68.04 Lakhs and Rs. 26.91 Lakhs respectively.
EKI Energy Services Limited IPO – Promoters
The Promoter of this company is:
- Mr. Manish Kumar Dabkara
List of Related Parties (Key Managerial Personnel)
- Mr. Manish Kumar Dabkara, Chairman & Managing Director
- Mr. Naveen Sharma, Chief Financial Officer
- Mr. Babita Kumawat, Company Secretary and Compliance Officer
Competitive Strengths of EKI Energy Services Limited
- Quality Assurance, timely payment and delivery
- Broad customer base and Strong relationships with their customers
- Multiple Business verticals under one roof
- Qualified management team and employee base
EKI Energy Services Limited IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 18,24,000 Equity Shares aggregating up to Rs.18.60 Cr. |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 50,50,000 Equity Shares |
| Equity Shares outstanding after the Issue | 68,74,000 Equity Shares |
EKI Energy Services IPO Issue Object
Their Company proposes to utilise the Net Proceeds towards funding the following objects:
1. To meet Working Capital requirements
2. General Corporate Purpose
3. To meet issue expenses
Business strategies of EKI Energy Services Limited
- Focus on Consultancy Business and spreading awareness about carbon neutrality
- Increase the use of technology to improve operational efficiency
- Expanding their customer base
- Creating awareness to reduce carbon emissions
EKI Energy Services Limited IPO – Basis of the 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:
- Quality Assurance, timely payment and delivery
- Broad customer base and Strong relationships with their customers
- Multiple Business verticals under one roof
- Qualified management team and employee base
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-20 | 8.86 | 73.11% | 12.12 |
| 31-Mar-19 | 1.35 | 41.34% | 3.26 |
| 31-Mar-18 | 0.53 | 27.88% | 1.91 |
EKI Energy Services IPO : Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Crores) | |
| EKI Energy Services Limited | 10 | [●] | 8.86 | 73.11 | 20.43 |
| Listed Peers | |||||
| Mitcon Consultancy and Engineering Services Limited |
10 | 12.46 | 3.13 | 3.91% | 42.72 |
EKI Energy Services IPO Lead Managers
| Lead Managers |
| HEM SECURITIES LIMITED 904,A Wing, Naman Midtown, Senapati Bapat Marg, Elphinstone Road, Lower Parel, Mumbai-400013, India Tel. No.: +91- 022- 49060000 Fax No.: +91- 022- 22625991 Website: www.hemsecurities.com Email: ib@hemsecurities.com Investor Grievance Email: redressal@hemsecurities.com Contact Person :Mr. Anil Bhargava SEBI Regn. No. INM000010981 |
EKI Energy Services IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED Address:-1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai – 400059 Tel No.:+91-022-62638200 Fax No.: +91-022-62638299 Website:www.bigshareonline.com Email:ipo@bigshareonline.com Investor Grievance Email: investor@bigshareonline.com Contact Person: Mr. Arvind Tandel SEBI Regn. No.: INR000001385 |
EKI Energy Services IPO – Other Details
- Statutory Auditor – NA
- Legal Counsel to the Company – NA
- Bankers to the Company – NA
EKI Energy Services Limited IPO Review by Top 10 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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