Ekennis Software IPO vs SP Refractories IPO

Comparision between Ekennis Software IPO and SP Refractories IPO.

IPO Details

Ekennis Software IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while SP Refractories IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Ekennis Software IPO	SP Refractories IPO
Logo		$SP Refractories IPO Logo$
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	Aryaman Financial Services Limited
Registrar	Skyline Financial Services Private Ltd	Bigshare Services Pvt Ltd
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 SP Refractories IPO is up to ₹4.92 Cr. The final issue price of Ekennis Software IPO is ₹72.00 per share and of SP Refractories IPO is ₹90.00 per share.

	Ekennis Software IPO	SP Refractories IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹72.00 per share	₹90.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1600 shares
Fresh Issue Size	4,00,000 shares	2,97,600 shares
Fresh Issue Size (Amount)	up to ₹2.88 Cr	up to ₹2.68 Cr
OFS Issue Size		2,49,600 shares
OFS Issue Size (Amount)		up to ₹2.25 Cr
Issue Size Total	4,00,000 shares	5,47,200 shares
Issue Size Total (Amount)	up to ₹2.88 Cr	up to ₹4.92 Cr

IPO Timetable

Ekennis Software IPO opens on Feb 21, 2022, while SP Refractories IPO opens on Mar 09, 2022. The closing date of Ekennis Software IPO and SP Refractories IPO is Feb 24, 2022, and Mar 11, 2022, respectively.

	Ekennis Software IPO	SP Refractories IPO
Anchor Bid Date
Issue Open	Feb 21, 2022	Mar 09, 2022
Issue Close	Feb 24, 2022	Mar 11, 2022
Basis Of Allotment (Tentative)	Mar 02, 2022	Mar 16, 2022
Initiation of Refunds (Tentative)	Mar 03, 2022	Mar 17, 2022
Credit of Share (Tentative)	Mar 04, 2022	Mar 21, 2022
Listing date (Tentative)	Mar 07, 2022	Mar 22, 2022
Anchor Lockin End date 1	Apr 01, 2022	Apr 15, 2022
Anchor Lockin End date 2	May 31, 2022	Jun 14, 2022

Financials

Ekennis Software IPO P/E ratio is 11.4, as compared to SP Refractories IPO P/E ratio of 9.94.

Ekennis Software IPO

SP Refractories 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)
	30-Sep-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	1,232.20	1,057.17	898.33	792.01
Total Revenue	1,447.64	2,572.48	2,099.59	1,855.95
Profit After Tax	80.74	75.35	39.93	20.59

Promoter Shareholding (Pre-Issue)

100%

Promoter Shareholding (Post-Issue)

71.42%

69.42%

P/E Ratio

11.4

9.94

Market Cap

₹10.08 Cr.

₹16.11 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 SP Refractories IPO retail investors are offered 1,88,800 shares. Qualified institutional buyers (QIB) are offered in Ekennis Software IPO and in SP Refractories IPO.

	Ekennis Software IPO	SP Refractories IPO
Anchor Investor Reserveration
Market Maker Reserveration	22,400 shares	28,800 shares
QIB
NII	1,88,800 shares	2,59,200 shares
RII	1,88,800 shares	2,59,200 shares
Employee
Others
Total	3,77,600 shares	5,18,400 shares

Bids Received (Subscription)

Ekennis Software IPO subscribed 28.00x in total, whereas SP Refractories IPO subscribed 7.24x.

	Ekennis Software IPO	SP Refractories IPO
QIB (times)
NII (times)	36.99x	5.64x
Big NII (times)
Small NII (times)
RII (times)	19.00x	8.85x
Employee (times)
Other (times)
Total (times)	28.00x	7.24x

Compare with others

Ekennis Software IPO	SP Refractories IPO
Swaraj Suiting IPO	achyut-healthcare-ipo
KN Agri IPO	Bhatia Colour Chem IPO
SP Refractories IPO	Evoq Remedies IPO
Cool Caps IPO	Swaraj Suiting IPO
Shigan Quantum Technologies IPO	KN Agri IPO
Richa Info Systems IPO	Cool Caps IPO
Madhavbaug IPO	Shigan Quantum Technologies IPO
Quality RO IPO	Ekennis Software IPO
Maruti Interior IPO	Richa Info Systems IPO
Safa Systems IPO	Madhavbaug IPO

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