IPO Issue Details
Issue Price / Price Band₹72 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,600 Shares per Lot
Total Issue Size4,00,000 shares (aggregating up to ₹2.88 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenMon, 21 Feb 2022
Subscription CloseThu, 24 Feb 2022
Anchor AllotmentSun, 20 Feb 2022
Basis of AllotmentWed, 02 Mar 2022
Initiation of RefundsThu, 03 Mar 2022
Credit of Shares to DematFri, 04 Mar 2022
Listing DateMon, 07 Mar 2022
UPI Mandate Deadline2022-02-24
Application & Investment Details
Retail — Min (1 Lots)₹1,15,200 — 1,600 shares
Retail — Max (13 Lots)₹1,497,600 (13 Lots)
HNI — Min (2 Lots)₹2,30,400 — 3,200 shares
P/E Ratio (Pre-IPO)11.4x
Net Offer to Public3,77,600 shares (aggregating up to ₹2.72 Cr)
Reserved for Market Maker22,400 shares (aggregating up to ₹0.1613 Cr)
Pre-IPO Promoter Holding10,00,000 shares
Post-IPO Promoter Holding14,00,000 shares
About Ekennis Software Service Ltd.
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 strengthsExperienced 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.
Objects of the Issue
Ekennis Software Service Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Purchase of Plant and Machinery
0.31
2
2 Funding working capital requirements
1.13
3
3 General Corporate Purposes
0.64
Shareholding & Lock-in
Pre-IPO Promoter Holding
10,00,000 shares
Post-IPO Promoter Holding
14,00,000 shares