Ekennis Software Service Limited IPO Detail
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.
- IT Solutions: Ekennis Software is a ERP solution provider organizing solution implementation in SAP, Oracle, and Microsoft.
- 3D and Digital Printing: It provides 3D printing and packaging services for retail, food, entertainment, sport, babycare, personal & hygiene, industrial, and agriculture industries.
Competitive strengths
- Experienced promoters and employee base.
- One stop shop for managed business solutions to diversified customer base.
- E-learning, mobile learning solutions, and EATS (Ekennis Application Tracking System) for staffing solutions.
- Latest technology usage for digital printing.
- Cost advantage and product differentiation strategy.
Company Promoters
Ms. Manisha SharmaIPO Details
| IPO Opening Date | Feb 21, 2022 |
| IPO Closing Date | Feb 24, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹72 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | BSE SME |
| Issue Size | ₹2.88 Cr |
| Fresh Issue | ₹2.88 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 1.69x | 1.18x | 1.44x | |
| Day 2 | - | - | 1.73x | 2.85x | 2.29x | |
| Day 3 | - | - | 1.84x | 5.03x | 3.44x | |
| Day 4 | - | - | 36.99x | 19.00x | 28.00x |
IPO Tentative Timetable
The Ekennis Software Service Limited IPO open date is Feb 21, 2022, and the close date is Feb 24, 2022. The issue may list on Mar 07, 2022.
| IPO Open Date | Feb 21, 2022 |
| IPO Close Date | Feb 24, 2022 |
| Basis of Allotment Date | Mar 02, 2022 |
| Initiation of Refunds | Mar 03, 2022 |
| Credit of Shares to Demat Account | Mar 04, 2022 |
| IPO Listing Date | Mar 07, 2022 |
IPO Lot Size
The Ekennis Software Service Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹115200).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹115200 |
| Maximum | 1 | 1600 | ₹115200 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 71.42% |
Company Financials:
For the year/period ended (₹ in Lakh)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 15-Jan-22 | 301.07 | 367.18 | 70.20 |
| 31-Mar-21 | 261.53 | 468.67 | 485.78 |
| 31-Mar-20 | 70.20 | 94.92 | 22.60 |
Objects of the Issue:
The IPO aims to utilize the net proceeds towards the following purposes;- To purchase plant & machinery.
- Meet working capital requirements.
- General corporate purposes.
Ekennis Software Service Limited IPO Registrar:
Skyline Financial Services Private Ltd
Ekennis Software Service Limited IPO Lead Manager(s):
SHRENI SHARES PRIVATE LIMITED
Company Contact Information:
Ekennis Software Service Limited
2 nd Floor, Concord Anthuriams, Neeladri Road No. 49,50,51, Dodathogur Vill,
Electronic City,
Bangalore – 560 100
