Ekennis Software IPO vs Shigan Quantum Technologies IPO

Comparision between Ekennis Software IPO and Shigan Quantum Technologies IPO.

IPO Details

Ekennis Software IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Shigan Quantum Technologies IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Ekennis Software IPO	Shigan Quantum Technologies IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Shreni Shares Limited	Finshore Management Services Limited
Registrar	Skyline Financial Services Private Ltd	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Ekennis Software IPO is up to ₹2.88 Cr whereas the issue size of the Shigan Quantum Technologies IPO is up to ₹22.70 Cr. The final issue price of Ekennis Software IPO is ₹72.00 per share and of Shigan Quantum Technologies IPO is ₹50.00 per share.

	Ekennis Software IPO	Shigan Quantum Technologies IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹72.00 per share	₹50.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	3000 shares
Fresh Issue Size	4,00,000 shares	45,39,000 shares
Fresh Issue Size (Amount)	up to ₹2.88 Cr	up to ₹22.70 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	4,00,000 shares	45,39,000 shares
Issue Size Total (Amount)	up to ₹2.88 Cr	up to ₹22.70 Cr

IPO Timetable

Ekennis Software IPO opens on Feb 21, 2022, while Shigan Quantum Technologies IPO opens on Feb 28, 2022. The closing date of Ekennis Software IPO and Shigan Quantum Technologies IPO is Feb 24, 2022, and Mar 03, 2022, respectively.

	Ekennis Software IPO	Shigan Quantum Technologies IPO
Anchor Bid Date
Issue Open	Feb 21, 2022	Feb 28, 2022
Issue Close	Feb 24, 2022	Mar 03, 2022
Basis Of Allotment (Tentative)	Mar 02, 2022	Mar 08, 2022
Initiation of Refunds (Tentative)	Mar 03, 2022	Mar 09, 2022
Credit of Share (Tentative)	Mar 04, 2022	Mar 10, 2022
Listing date (Tentative)	Mar 07, 2022	Mar 11, 2022
Anchor Lockin End date 1	Apr 01, 2022	Apr 07, 2022
Anchor Lockin End date 2	May 31, 2022	Jun 06, 2022

Financials

Ekennis Software IPO P/E ratio is 11.4, as compared to Shigan Quantum Technologies IPO P/E ratio of 12.41.

Ekennis Software IPO

Shigan Quantum Technologies IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in Lakh)
	15-Jan-22	31-Mar-21	31-Mar-20
Total Assets	301.07	261.53	163.87
Total Revenue	367.18	468.67	485.78
Profit After Tax	70.20	94.92	22.60

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in Lakh)
	31-Aug-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	4,679.17	4,529.57	2,473.48	2,205.65
Total Revenue	6,439.76	9,602.26	7,278.78	6,908.42
Profit After Tax	289.29	351.34	292.07	266.07

Promoter Shareholding (Pre-Issue)

100%

Promoter Shareholding (Post-Issue)

71.42%

73.63%

P/E Ratio

11.4

12.41

Market Cap

₹10.08 Cr.

₹86.08 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Ekennis Software IPO retail investors (RII) are offered 1,88,800 shares while in Shigan Quantum Technologies IPO retail investors are offered 1,88,800 shares. Qualified institutional buyers (QIB) are offered in Ekennis Software IPO and in Shigan Quantum Technologies IPO.

	Ekennis Software IPO	Shigan Quantum Technologies IPO
Anchor Investor Reserveration
Market Maker Reserveration	22,400 shares	2,28,000 shares
QIB
NII	1,88,800 shares	21,54,000 shares
RII	1,88,800 shares	21,57,000 shares
Employee
Others
Total	3,77,600 shares	43,11,000 shares

Bids Received (Subscription)

Ekennis Software IPO subscribed 28.00x in total, whereas Shigan Quantum Technologies IPO subscribed 17.95x.

	Ekennis Software IPO	Shigan Quantum Technologies IPO
QIB (times)
NII (times)	36.99x	27.70x
Big NII (times)
Small NII (times)
RII (times)	19.00x	8.21x
Employee (times)
Other (times)
Total (times)	28.00x	17.95x

Compare with others

Ekennis Software IPO	Shigan Quantum Technologies IPO
Swaraj Suiting IPO	Evoq Remedies IPO
KN Agri IPO	Swaraj Suiting IPO
SP Refractories IPO	KN Agri IPO
Cool Caps IPO	SP Refractories IPO
Shigan Quantum Technologies IPO	Cool Caps IPO
Richa Info Systems IPO	Ekennis Software IPO
Madhavbaug IPO	Richa Info Systems IPO
Quality RO IPO	Madhavbaug IPO
Maruti Interior IPO	Quality RO IPO
Safa Systems IPO	Maruti Interior IPO

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