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Ekennis Software Service Limited IPO (Ekennis Software IPO) Detail

February 21, 2022 - February 24, 2022

Ekennis Software IPO is a fixed price issue of Rs 2.88 crores. The issue is entirely a fresh issue of 4 lakh shares.

Ekennis Software IPO bidding started from February 21, 2022 and ended on February 24, 2022. The allotment for Ekennis Software IPO was finalized on Wednesday, March 2, 2022. The shares got listed on BSE SME on March 7, 2022.

Ekennis Software IPO price is ₹72 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹115,200.

Shreni Shares Limited is the book running lead manager of the Ekennis Software IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.

Refer to Ekennis Software IPO RHP for detailed information.

Ekennis Software IPO Details

IPO Date February 21, 2022 to February 24, 2022
Listing Date March 7, 2022
Face Value ₹10 per share
Price ₹72 per share
Lot Size 1600 Shares
Total Issue Size400,000 shares
(aggregating up to ₹2.88 Cr)
Fresh Issue400,000 shares
(aggregating up to ₹2.88 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion22,400 shares

Ekennis Software IPO Reservation

Ekennis Software IPO offers 400,000 shares. 188,800 (47.20%) to NII, 188,800 (47.20%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered22,400 (5.60%)
Other Shares Offered188,800 (47.20%)
Retail Shares Offered188,800 (47.20%)
Total Shares Offered400,000 (100%)

Ekennis Software IPO Timeline (Tentative Schedule)

Ekennis Software IPO opens on February 21, 2022, and closes on February 24, 2022.

IPO Open Date Monday, February 21, 2022
IPO Close Date Thursday, February 24, 2022
Basis of Allotment Wednesday, March 2, 2022
Initiation of Refunds Thursday, March 3, 2022
Credit of Shares to Demat Friday, March 4, 2022
Listing Date Monday, March 7, 2022
Cut-off time for UPI mandate confirmation 5 PM on February 24, 2022

Ekennis Software IPO Lot Size

Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 1600 ₹115,200
Retail (Max) 1 1600 ₹115,200
Lot Size Calculator

Ekennis Software IPO Promoter Holding

Ms. Manisha Sharma is the promoter of the company.

Share Holding Pre Issue 100%
Share Holding Post Issue 71.42%

About Ekennis Software Service Limited

Ekennis Software Service Ltd is engaged in the business of software IT solution and consulting services, IT product/ software development, and software training, ERP solution, Learning Management Solution, 3D printing, Digital printing and packaging design consultancy. It also provides business process analysis, system design, technical expertise, implementation, training, and support services, and has expertise in SAP ERP.

  1. IT Solutions: Ekennis Software is a ERP solution provider organizing solution implementation in SAP, Oracle, and Microsoft.
  2. 3D and Digital Printing: It provides 3D printing and packaging services for retail, food, entertainment, sport, babycare, personal & hygiene, industrial, and agriculture industries.

Competitive strengths

  • Experienced promoters and employee base.
  • One stop shop for managed business solutions to diversified customer base.
  • E-learning, mobile learning solutions, and EATS (Ekennis Application Tracking System) for staffing solutions.
  • Latest technology usage for digital printing.
  • Cost advantage and product differentiation strategy.

Company Financials

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

Key Performance Indicator

The market capitalization of Ekennis Software IPO is Rs 10.08 Cr.

Pre IPO Post IPO
P/E (x) 11.4

Objects of the Issue (Ekennis Software IPO Objectives)

The IPO aims to utilize the net proceeds towards the following purposes;
  • To purchase plant & machinery.
  • Meet working capital requirements.
  • General corporate purposes.

Ekennis Software IPO Review (Avoid)

[Dilip Davda]  The company has an almost static top line for the reported financial data with super-profits for the last 21.5 months. Based on these super earnings, the issue is fully priced. Post-IPO it is paid-up capital of Rs. 1.40 cr. indicates longer gestation for migration to the mainboard. The company has not given a break-up of revenue and it appears it is primarily operating in digital and 3D printed packaging. Higher spending for the IPO indicates funding for this issue is fully arranged. There is no harm in ignoring this window dressed offer. Read detail review...

Ekennis Software IPO Subscription Status (Bidding Detail)

The Ekennis Software IPO is subscribed 28.00 times on February 24, 2022 6:50:00 PM. The public issue subscribed 19.00 times in the retail category, times in the QIB category, and 36.99 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Ekennis Software IPO Prospectus

Ekennis Software IPO Rating

Rating:Rated 4.0 stars
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Ekennis Software IPO Listing Details

Listing Date March 7, 2022
BSE Script Code 543475
NSE Symbol
Final Issue Price ₹72 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Ekennis Software Service Limited Contact Details

Ekennis Software Service Limited
2 nd Floor, Concord Anthuriams,
Neeladri Road No. 49,50,51, Dodathogur Vill,
Electronic City, Bangalore – 560 100
Phone: 080 – 4114 5095

Ekennis Software IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022

Ekennis Software IPO - Buy or Not

Ekennis Software IPO Recommendation Summary

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Brokers 0 0 1
Members 0 0 0

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Ekennis Software IPO FAQs

Ekennis Software IPO is a SME IPO of 400,000 equity shares of the face value of ₹10 aggregating up to ₹2.88 Crores. The issue is priced at ₹72 per share. The minimum order quantity is 1600 Shares.

The IPO opens on February 21, 2022, and closes on February 24, 2022.

Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Ekennis Software IPO using UPI as a payment gateway. Zerodha customers can apply in Ekennis Software IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Ekennis Software IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Ekennis Software IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Ekennis Software IPO opens on February 21, 2022 and closes on February 24, 2022.

Ekennis Software IPO lot size is 1600 Shares, and the minimum amount required is ₹115,200.

You can apply in Ekennis Software IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Ekennis Software IPO will be done on Wednesday, March 2, 2022, and the allotted shares will be credited to your demat account by Friday, March 4, 2022. Check the Ekennis Software IPO allotment status.

The Ekennis Software IPO listing date is on March 7, 2022.
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Ekennis Software IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



67. SBBHAT |   Link |  Bookmark |March 15, 2022 1:54:13 PM
This is such a low priced IPO.
I would expect this to fly similar to Bombay metrics or Ksolves after consolidation...
At today's price it is around 15 crores market cap.
Expect it to be around 50 crores mcap at least soon...
so price of around at least 300+ is expected soon....
67.2. curtiss |   Link |  Bookmark |March 17, 2022 9:29:27 PM
Kitna lot hold kar rahe ho. Double kar lo bhai phir
67.3. SBBHAT |   Link |  Bookmark |March 22, 2022 7:24:40 PM
I hold a good number of shares... more than 15k shares.
66. Dinesh Singh |   Link |  Bookmark |March 7, 2022 9:29:30 AM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
Sold all 3 lot @ 84.
65. Ram kumar I |   Link |  Bookmark |March 7, 2022 8:46:39 AM
pre open -
64. IPO BHAKT |   Link |  Bookmark |March 2, 2022 12:40:59 PM
@Avenue. I got one lot.
64.1. Avenue |   Link |  Bookmark |March 2, 2022 12:43:10 PM
congratulations and best wishes for a super listing...
64.2. montu parashar |   Link |  Bookmark |March 4, 2022 6:23:55 PM
How many apply you..
63. Carn Mohan |   Link |  Bookmark |March 4, 2022 4:39:34 PM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
Take profit or loss with whatever you get.
62. Dinesh Singh |   Link |  Bookmark |March 3, 2022 8:40:07 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
Any news of listing ?
Whether tomorrow or on Monday?
Btw, only 250 lots are available for trade.
Listing will be great.
62.1. gjy |   Link |  Bookmark |March 3, 2022 9:40:09 PM
Listing on Monday
BSE Scrip Code : 543475
Symbol : EKENNIS

A/c is yet to be debited.

GMP : 5
62.2. Dinesh Singh |   Link |  Bookmark |March 4, 2022 7:24:00 AM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
Thanks gjy.
61. Amit Jaipur |   Link |  Bookmark |March 3, 2022 6:52:27 PM
IPO Guru IPO Guru (1400+ Posts, 1400+ Likes)
Didnt got allotted a single in 11 retail appns.
60. IPOANALYSIS |   Link |  Bookmark |March 3, 2022 12:39:25 PM
Just sell in preopening. There is nothing great in company. It is just a training company and these company go down after listing.
59. IPO BHAKT |   Link |  Bookmark |March 3, 2022 10:50:56 AM
@lokes , Can you please suggest what may be the listing price?
58. sbbaga |   Link |  Bookmark |March 2, 2022 6:53:33 PM
Shares also credited in demat
58.1. Dinesh Singh |   Link |  Bookmark |March 2, 2022 6:56:38 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
Does the listing will be prepond on Friday?
57. Chirag VP |   Link |  Bookmark |March 2, 2022 3:22:16 PM
Does the UPI allotment out?
57.3. Learner SK |   Link |  Bookmark |March 2, 2022 5:50:25 PM
Top Contributor Top Contributor (1000+ Posts, 200+ Likes)
Lien released . No allotment.
57.4. Avenue |   Link |  Bookmark |March 2, 2022 6:26:23 PM
Mandate Revoked means no allotment and fund unblocked.
Mandate Honoured means allotment and fund debited from bank.
Even if registrar doesn't show status, it is confirmed.
56. Traderjee |   Link |  Bookmark |March 2, 2022 6:21:54 PM
skylinerta register still not updated the allotment
55. IPO BHAKT |   Link |  Bookmark |March 2, 2022 12:47:20 PM
@Avenue Thanks boss but looking at market very different to have good listing.
54. sundeep sharma |   Link |  Bookmark |March 2, 2022 11:51:17 AM
allotment is out . you can check in hdfc security order book for allotment.
53. Aaj Khush to bohot hoge |   Link |  Bookmark |March 2, 2022 11:07:02 AM
What do we expect the the listing price for this? 85-90?
52. c.dinesh |   Link |  Bookmark |March 2, 2022 9:08:33 AM (200+ Posts)
Kotak ASBA unblocked for my Retail application .
52.1. Dinesh Singh |   Link |  Bookmark |March 2, 2022 9:38:45 AM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
Kotak is always winner in terms of allotment declaration.
No news from HDFC ICICI and SBI yet
52.2. c.dinesh |   Link |  Bookmark |March 2, 2022 10:14:12 AM (200+ Posts)
Waiting for HNI allotment in RBL Asba - No news as of now.
51. Dinesh Singh |   Link |  Bookmark |March 1, 2022 5:09:13 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
Any news of allotment or Dr. message by any chance?
I know the allotment is tomorrow but it thinking it should out today.
50. GJ 😀 |   Link |  Bookmark |February 24, 2022 4:47:48 PM
IPO Mentor IPO Mentor (1600+ Posts, 400+ Likes)
Hi Everyone,

Today, I invested approx 10% of my equity portfolio in chosen stocks (not in MFs) from the secondary market.

Anybody else did the same or the opposite (sold/redeemed)?

Just wanted to know others' stand on this Russia-Ukraine situation considering the Indian market.
50.12. Shanm |   Link |  Bookmark |February 26, 2022 12:32:29 PM
On 24th Feb, I also invested around 6% more in my portfolio.
50.13. GJ 😀 |   Link |  Bookmark |February 28, 2022 1:11:53 AM
IPO Mentor IPO Mentor (1600+ Posts, 400+ Likes)
I was also skeptical but went ahead and invested.

As per my understanding,
US market won't crash until the US is involved directly in this war situation OR Russia starts a nuclear war. The probability of both things is very low.

Good for the long term.

I am planning to do the same again 2 (max 3) times if the situation repeats.
49. Avenue |   Link |  Bookmark |February 24, 2022 8:04:23 PM
For next few days PUTIN will manage our Portfolios.
49.7. IPO Mitr |   Link |  Bookmark |February 27, 2022 3:50:39 PM

I did not use ICICI Demat for this SME Stock so cannot raise the complaint for the same.
49.8. Jsca |   Link |  Bookmark |March 9, 2022 2:08:17 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
@Avenue,any update for Precision Metalik complaint from NSE?
My case is taken to SEBI officer.
48. IPO Mitr |   Link |  Bookmark |February 25, 2022 11:31:17 AM
It is futile to discuss who was right and who was wrong in the HINDSIGHT. One should continuously assess their own situation and act accordingly. Suggest avoiding the herd mentality as you may potentially lose in one transaction what you may have earned in 10 other transactions.

Everyone should act based on their own RISK and REWARD perception and their own investment profile. One can never be correct in 100 % of their transactions and even if someone can make app. 60% ( not a specific number but more of rule of thumb) of their transactions positive then he/she can become KING/QUEEN of the stock markets.