Ekennis Software Service is engaged in the business of Software IT Solution and Consulting Services, IT Product / Software Development and Software Training, Enterprise Resource Planning Solution, Learning Management Solution, 3D Printing,DigitalPrinting and Packaging Design Management consultancy.
| Bidding Dates |
|---|
| 21 Feb 2022 - 24 Feb 2022 |
| Subscription |
|---|
| 28x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,15,200 | 1 | 1 | 1600 | 400.0 K | ₹72 | 71.43 % | ₹28.8 M | RHP DOC |
Ekennis Software IPO SUBSCRIPTION STATUS
24 Mar '22Ekennis Software IPO overall subscription rate was 28 times the total available shares
Ekennis Software IPO retail subscription rate was 19 times in the retail segment
Ekennis Software IPO non-institutional investor subscription rate was 36.99 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
24 Mar 2022 (Day 4) | 19x | 36.99x | - |
21 Feb 2022 (Day 1) | 1.18x | 1.69x | - |
22 Feb 2022 (Day 2) | 2.85x | 1.73x | - |
23 Feb 2022 (Day 3) | 5.58x | 1.84x | - |
Ekennis Software FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| 10MFY21 | 7.0 | 36.2 | 0.3 | -3.9 |
| FY21 | 9.5 | 46.6 | 12.8 | 9.7 |
| FY20 | 2.3 | 48.6 | 3.5 | 1.8 |
Ekennis Software IPO SUBSCRIPTION STATUS DETAILS
Ekennis Software had 400.0 K shares on offer
Ekennis Software IPO offer price was ₹72
Ekennis Software IPO minimum Investment was ₹115200
Ekennis Software IPO issue size was ₹ 28.8 M
Ekennis Software had a minimum lot size of 1600 Shares per application
Ekennis Software NUMBER OF SHARES ON OFFER
Ekennis Software IPO IMPORTANT DATES
| Issue Open Date | 21 Feb 2022 |
| Issue close Date | 24 Feb 2022 |
| Allotment Date | 02 Mar 2022 |
| Refund Date | 03 Mar 2022 |
| Demat Account Credit Date | 04 Mar 2022 |
| Listing Date | 07 Mar 2022 |
| Listing on Exchange(s) | NSE |
| Ekennis Software Allotment Status | Exchange |
Ekennis Software IPO subscription opened on 21 Feb 2022, and closed on 24 Feb 2022
IPO allotment for Ekennis Software was finalized on Wednesday, 02 Mar 2022
IPO listing for Ekennis Software was on NSE on Monday, 07 Mar 2022
Ekennis Software IPO LISTING GAINS
| Issue Price (adjusted) | 72.0 |
| Listing Open Price | 80.0 |
| Listing Close Price | 84.0 |
| Listing Gain% | 11.1% |
| Current Gain% | -3.3% |
Ekennis Software Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ekennis Software Service Ltd. | 69.6 | 9.8 | -9.7 | 0.3 | 6.2 | -42 | -14.2 | 1.6 | -29.7 | -1 | 37.7 | -7.2 | -37.7 |
| Tata Consultancy Services Ltd. | 2452.7 | 887408.3 | 17.8 | 16.7 | 3.2 | 45.9 | 27 | 271423 | 4.7 | 49210 | 1.4 | 137.6 | 1.1 |
| Infosys Ltd. | 1175.1 | 476862.2 | 15.7 | 1.4 | 2.6 | 31.7 | 18.9 | 182972 | 9.8 | 29440 | 10.2 | 74.6 | 11.1 |
| HCL Technologies Ltd. | 1356.6 | 368135.8 | 21.1 | 8 | 2.7 | 22.1 | 14.3 | 131674 | 10.2 | 16642 | -4.3 | 64.2 | 2.6 |
| Wipro Ltd. | 187.5 | 185737.1 | 14.1 | -7.8 | 2 | 15 | 9.3 | 96497.7 | 3.8 | 13197.4 | 0.5 | 13.3 | -1.8 |
| Tech Mahindra Ltd. | 1635 | 160243.9 | 31.2 | 2.4 | 2.7 | 16.2 | 9.7 | 56847.3 | 5.6 | 4810.9 | 13.2 | 52.4 | 13.1 |
Ekennis Software INFORMATION ON IPO ISSUE
About Ekennis Software
Ekennis Software Service is engaged in the business of Software IT Solution and Consulting Services, IT Product / Software Development and Software Training, Enterprise Resource Planning Solution, Learning Management Solution, 3D Printing,DigitalPrinting and Packaging Design Management consultancy.
Object of the Issue
- To purchase plant & machinery
- Meet working capital requirements
- General corporate purposes
Ekennis Software - PROMOTERS
| Name |
|---|
| Manisha Sharma |
Ekennis Software Lead Manager
Shreni Shares Pvt. Ltd.
shrenishares@gmail.com
Ekennis Software Registrar to the issue
Skyline Financial Services
compliances@skylinerta.com
Ekennis Software Strengths
Experienced Promoter and a well-trained employee base.
The management and employee team combines experience to outline plans for the future development of the company
Comprehensive range of offerings
Comprehensive and integrated range of offerings that provide a “one-stop shop” for managed business solutions to a diversified clientele.
Ekennis Software Risks
Limited operating and financial history
The limited financial and operating history may not provide an accurate basis for investors to understand the business and financial history for comparative analysis and to evaluate future business and financial prospects.
Competition from various players
The company faces competition in our business from organized and unorganized players
IPO FAQs
Ekennis Software Service Ltd. IPO listing opened at Rs 80.00 while the issue price was Rs 72.00 giving 11.11% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 72.00 giving -3.26% gains since its IPO listing.
The promoter of the company is Manisha Sharma.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 72.0 - 72.0.
The IPO application opens on Feb 21, 2022 and closes on Feb 24, 2022.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 115,200.0, the maximum value for this IPO is Rs 115,200.0.
This IPO will be allotted on Mar 02, 2022.
The refund will be credited to your account on Mar 03, 2022.
The allotted shares will be credited to your demat on Mar 04, 2022.
Ekennis Software Service Ltd.’s shares listed on the stock exchanges on Mar 07, 2022.