Ekennis Software IPO vs Richa Info Systems IPO

Comparision between Ekennis Software IPO and Richa Info Systems IPO.

IPO Details

Ekennis Software IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Richa Info Systems IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Ekennis Software IPO	Richa Info Systems 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	Swastika Investmart Ltd
Registrar	Skyline Financial Services Private Ltd	Link Intime India Private 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 Richa Info Systems IPO is up to ₹10.00 Cr. The final issue price of Ekennis Software IPO is ₹72.00 per share and of Richa Info Systems IPO is ₹125.00 per share.

	Ekennis Software IPO	Richa Info Systems IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹72.00 per share	₹125.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1000 shares
Fresh Issue Size	4,00,000 shares	8,00,000 shares
Fresh Issue Size (Amount)	up to ₹2.88 Cr	up to ₹10.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	4,00,000 shares	8,00,000 shares
Issue Size Total (Amount)	up to ₹2.88 Cr	up to ₹10.00 Cr

IPO Timetable

Ekennis Software IPO opens on Feb 21, 2022, while Richa Info Systems IPO opens on Feb 09, 2022. The closing date of Ekennis Software IPO and Richa Info Systems IPO is Feb 24, 2022, and Feb 11, 2022, respectively.

	Ekennis Software IPO	Richa Info Systems IPO
Anchor Bid Date
Issue Open	Feb 21, 2022	Feb 09, 2022
Issue Close	Feb 24, 2022	Feb 11, 2022
Basis Of Allotment (Tentative)	Mar 02, 2022	Feb 16, 2022
Initiation of Refunds (Tentative)	Mar 03, 2022	Feb 17, 2022
Credit of Share (Tentative)	Mar 04, 2022	Feb 17, 2022
Listing date (Tentative)	Mar 07, 2022	Feb 21, 2022
Anchor Lockin End date 1	Apr 01, 2022	Mar 18, 2022
Anchor Lockin End date 2	May 31, 2022	May 17, 2022

Financials

Ekennis Software IPO P/E ratio is 11.4, as compared to Richa Info Systems IPO P/E ratio of 41.67.

Ekennis Software IPO

Richa Info Systems 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 Millions)
	30-Nov-21	31-Mar-21	31-Mar-20
Total Assets	172.13	88.38	40.65
Total Revenue	139.68	201.13	175.62
Profit After Tax	4.85	7.22	3.34

Promoter Shareholding (Pre-Issue)

100%

Promoter Shareholding (Post-Issue)

71.42%

P/E Ratio

11.4

41.67

Market Cap

₹10.08 Cr.

₹30.38 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 Richa Info Systems IPO retail investors are offered 1,88,800 shares. Qualified institutional buyers (QIB) are offered in Ekennis Software IPO and in Richa Info Systems IPO.

	Ekennis Software IPO	Richa Info Systems IPO
Anchor Investor Reserveration
Market Maker Reserveration	22,400 shares	40,000 shares
QIB
NII	1,88,800 shares	3,80,000 shares
RII	1,88,800 shares	3,80,000 shares
Employee
Others
Total	3,77,600 shares	7,60,000 shares

Bids Received (Subscription)

Ekennis Software IPO subscribed 28.00x in total, whereas Richa Info Systems IPO subscribed 5.05x.

	Ekennis Software IPO	Richa Info Systems IPO
QIB (times)
NII (times)	36.99x	3.16x
Big NII (times)
Small NII (times)
RII (times)	19.00x	6.94x
Employee (times)
Other (times)
Total (times)	28.00x	5.05x

Compare with others

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

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