EKI Energy Services was incorporated on May 03, 2011. The company has been in the business of climate change advisory services, carbon credits trading, business excellence advisory and electrical safety audits.
| Bidding Dates |
|---|
| 24 Mar 2021 - 26 Mar 2021 |
| Subscription |
|---|
| 4.05x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,22,400 | 1 | 1 | 1200 | 1.8 M | ₹100 - ₹102 | 73.47 % | ₹182.4 M - ₹186.0 M | RHP DOC |
EKI Energy Services IPO SUBSCRIPTION STATUS
26 Mar '21EKI Energy Services IPO overall subscription rate was 4.05 times the total available shares
EKI Energy Services IPO retail subscription rate was 3.13 times in the retail segment
EKI Energy Services IPO non-institutional investor subscription rate was 10.25 times in the non-institutional investor category
EKI Energy Services IPO Qualified Institutional Bidder subscription rate was 1 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
25 Mar 2021 (Day 2) | 1.21x | 1.22x | 1x |
26 Mar 2021 (Day 3) | 3.13x | 10.25x | 1x |
24 Mar 2021 (Day 1) | 0.47x | 0.46x | 0x |
EKI Energy Services 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) |
| 9MFY21 | 53.9 | 599.0 | 82.2 | 81.3 |
| FY20 | 44.7 | 659.0 | 61.4 | 47.3 |
| FY19 | 6.8 | 197.6 | 1.8 | 1.1 |
| FY18 | 2.7 | 69.9 | 4.9 | 4.3 |
EKI Energy Services IPO SUBSCRIPTION STATUS DETAILS
EKI Energy Services had 1.8 M shares on offer
EKI Energy Services IPO offer price was in the range ₹100 - ₹102
EKI Energy Services IPO minimum Investment was ₹122400
EKI Energy Services IPO issue size was ₹ 182.4 M - ₹ 186.0 M
EKI Energy Services had a minimum lot size of 1200 Shares per application
EKI Energy Services NUMBER OF SHARES ON OFFER
EKI Energy Services IPO IMPORTANT DATES
| Issue Open Date | 24 Mar 2021 |
| Issue close Date | 26 Mar 2021 |
| Allotment Date | 01 Apr 2021 |
| Refund Date | 06 Apr 2021 |
| Demat Account Credit Date | 06 Apr 2021 |
| Listing Date | 07 Apr 2021 |
| Listing on Exchange(s) | BSE |
| EKI Energy Services Allotment Status | Exchange |
EKI Energy Services IPO subscription opened on 24 Mar 2021, and closed on 26 Mar 2021
IPO allotment for EKI Energy Services was finalized on Thursday, 01 Apr 2021
IPO listing for EKI Energy Services was on BSE on Wednesday, 07 Apr 2021
EKI Energy Services IPO LISTING GAINS
| Issue Price (adjusted) | 102.0 |
| Listing Open Price | 140.0 |
| Listing Close Price | 147.0 |
| Listing Gain% | 37.3% |
| Current Gain% | -17.4% |
EKI Energy Services 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EKI Energy Services Ltd. | 84.2 | 57.9 | -15.5 | 0 | 2.7 | -3.9 | -2.7 | 105 | -75.2 | -15 | -1681.3 | -5.4 | -1144.9 |
| Central Mine Planning & Design Institute Ltd. | 250.1 | 17860 | 26.8 | 18.8 | 2397.4 | 10.1 | 613.2 | -8.1 | |||||
| Engineers India Ltd. | 240.6 | 13522.7 | 19.6 | 1 | 3.4 | 22 | 11.8 | 4123.2 | 27 | 691.6 | 19.3 | 12.3 | 19.3 |
| Qualitek Labs Ltd. | 450 | 449.1 | 30.8 | 9.6 | 5.4 | 125 | 76.8 | 14.6 | 131.7 | 14.6 | |||
| Monarch Surveyors and Engineering Consultants Ltd. | 231 | 327 | 8.8 | 16.1 | 13.8 | 176.8 | 13.6 | 37.2 | 6.9 | 26.3 | |||
| Likhami Consulting Ltd. | 299 | 297.5 | 934.7 | 96.6 | 374 | 0.7 | 0.7 | 0.8 | 15.9 | 0.2 | 6.4 | 0.3 | 9.7 |
EKI Energy Services INFORMATION ON IPO ISSUE
About EKI Energy Services
EKI Energy Services was incorporated on May 03, 2011. The company has been in the business of climate change advisory services, carbon credits trading, business excellence advisory and electrical safety audits.
Object of the Issue
- To meet working capital requirements
- General corporate purposes
- To meet issue expenses
EKI Energy Services - PROMOTERS
| Name |
|---|
| Manish Kumar Dabkara |
EKI Energy Services Lead Manager of the Issue
Hem Securities Limited
ib@hemsecurities.com
EKI Energy Services Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
EKI Energy Services Strengths
Quality assurance
The company dedicates resources to quality assurance to ensure that quality norms are continually met
Broad customer base
The company has a strong and widespread clientele located overseas and in many cities across the country
Multiple Business verticals under one roof
The company is engaged in various types of businesses like carbon credits trading and climate change advisory services, business excellence advisory and electrical safety audits
EKI Energy Services Risks
Dependent on one business vertical
The demand for services is, to a large extent, dependent on the focus of organizations towards carbon neutrality and achieving low carbon and climate resilient global economy
Risk of manipulating measurements q
There can be a risk of manipulating measurements by team members or the beneficiary organizations to fraudulently claim additional carbon credits
IPO FAQs
The promoter of the company is Manish Kumar Dabkara.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 100.0 - 102.0.
The IPO application opens on Mar 24, 2021 and closes on Mar 26, 2021.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 122,400.0, the maximum value for this IPO is Rs 122,400.0.
This IPO will be allotted on Apr 01, 2021.
The refund will be credited to your account on Apr 06, 2021.
The allotted shares will be credited to your demat on Apr 06, 2021.
EKI Energy Services Ltd.’s shares listed on the stock exchanges on Apr 07, 2021.