Ekennis Software Service Limited IPO Message Board (Page 4)

Issue size is 2.88 cr only. So probability to get is minimal.

We need to wait for lokes sir, mravi sir, dinesh sir view on this, then we can sure about to apply on this counter....

@Prace,
from first look, I would say, 'Yes'. Any way lets wait for @Lokes and other experts.
@Jai Mata Di review points make me confident as well.

Thanks

Ekennis Software. Brief study of DRHP. Before bonus issue company capital 500000 divided in 50000 equity shares. NAV. 385 and EPS 140 Per share as on 15th Jan 2022. Company issue bonus share 19 for every one share. After issue of bonus shares company have 1000000 share . And book value 19.25 per share and EPS rs 7 per share. Company came with a fresh issue of 400000 share @ 72 per share. Pree issue PE 10.28 and price to book value is 3.74. and post issue PE at 14.40. on the basis of results of nine month ending F Y. 2022. So the issue is fully priced. But to see the growth of company investor MAY APPLY. This is my personal view, not advice. SUNO SABKI KARO MANKI

But, lead manager performance is avg only.

@ Dear Arca. I post all data for month ended . If we annualized thees then annual data are following. PE PREE ISSUE @ 8.84 AND POST ISSUE IS 11.40. THANKS

Seems good in first look.

How did you decide that it would be 300 times?

Also, this is not a technology company. This is a packing company where in they design and print packaging. They also provide IT outsourcing - basically it is a body shop wherein they will lend an IT headcount but don't do any IT development. This is a packaging company disguised as a technology company. But then the packaging business (started in March 2021) is profitable. Also, the money being raised by the firm is primarily to buy packaging machinery. Hence, clearly the focus of the company is packaging - its misleading as a IT company.

Sorry for misleading, i will look into this after rhp and update here.

@ Arca - No brother, I did not mean that you are misleading. I meant that the way the company has structured the offering and the business - that is misleading. You guys are rock!

Applying with FF, IT company with 10-11pe

Don't worry, it will be subscribed 300X