IPO Issue Details
Issue Price / Price Band₹102 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,200 Shares per Lot
Total Issue Size18,24,000 shares (aggregating up to ₹18.60 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenWed, 24 Mar 2021
Subscription CloseFri, 26 Mar 2021
Anchor AllotmentTue, 23 Mar 2021
Basis of AllotmentThu, 01 Apr 2021
Initiation of RefundsTue, 06 Apr 2021
Credit of Shares to DematTue, 06 Apr 2021
Listing DateWed, 07 Apr 2021
UPI Mandate Deadline2021-03-26
Application & Investment Details
Retail — Min (1 Lots)₹1,22,400 — 1,200 shares
Retail — Max (13 Lots)₹1,591,200 (13 Lots)
HNI — Min (2 Lots)₹2,44,800 — 2,400 shares
P/E Ratio (Pre-IPO)11.51x
Net Offer to Public17,28,000 shares (aggregating up to ₹17.63 Cr)
Reserved for Market Maker96,000 shares (aggregating up to ₹0.9792 Cr)
Pre-IPO Promoter Holding50,50,000 shares
Post-IPO Promoter Holding68,74,000 shares
About EKI Energy Services Ltd.
Incorporated in 2011, EKI Energy Services is a well-recognized brand in the realm of "climate change, carbon credit, and sustainability solutions" across the globe. Initially, the company started its business as a climate change advisory services such as consultancy services for registration, validation, monitoring, verification, insurance, and trading of eligible Carbon Credits Projects but over the period, it has expanded its services into carbon credits trading, Business excellence advisory services & training services, and Electrical Safety Audits.The company offers its services to various government and private sector clients in waste management, power generation, clean development mechanism, airports, and others. The firm not only serves customers domestically but also serves clients in countries like Australia, USA, Germany, Europe, etc. Airport Authority of India, World Bank, Azure Power, Kerala State Electricity Board, National Thermal Power Corporation (NTPC), GAIL, GMR Energy Limited, NHPC, Indian Railways, etc. are some of its customers.Competitive StrengthsQuality assurance, timely payment, and delivery.Strong and widespread clientele base.Multiple business verticals i.e. Carbon Credits Trading, Climate Change Advisory, Business Excellence Advisory, etc.Qualified management team.
Objects of the Issue
EKI Energy Services Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 To meet Working Capital requirements
14.00
2
2 General Corporate Purpose
2.79
Shareholding & Lock-in
Pre-IPO Promoter Holding
50,50,000 shares
Post-IPO Promoter Holding
68,74,000 shares