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Ekennis Software Service Limited IPO (Ekennis Software IPO) Detail

Feb 21, 2022 - Feb 24, 2022

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

Objects of the Issue

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 Details

Ekennis Software IPO Date Feb 21, 2022 to Feb 24, 2022
Ekennis Software IPO Face Value ₹10 per share
Ekennis Software IPO Price ₹72 per share
Ekennis Software IPO Lot Size 1600 Shares
Issue Size400,000 shares of ₹10
(aggregating up to ₹2.88 Cr)
Fresh Issue400,000 shares of ₹10
(aggregating up to ₹2.88 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

Ms. Manisha Sharma is the promoter of the company.

Ekennis Software IPO Timeline (Tentative Timetable)

Ekennis Software IPO opens on Feb 21, 2022, and closes on Feb 24, 2022. The Ekennis Software IPO bid date is from Feb 21, 2022 10.00 A.M. to Feb 24, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Ekennis Software IPO Opening Date Feb 21, 2022
Ekennis Software IPO Closing Date Feb 24, 2022
Basis of Allotment Mar 2, 2022
Initiation of Refunds Mar 3, 2022
Credit of Shares to Demat Mar 4, 2022
Ekennis Software IPO Listing Date Mar 7, 2022

Ekennis Software IPO Lot Size

The Ekennis Software IPO lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹115,200).

Application Lots Shares Amount
Minimum 1 1600 ₹115,200
Maximum 1 1600 ₹115,200

Ekennis Software IPO Promoter Holding

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

Ekennis Software IPO Review

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 Feb 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)
NII36.99
Retail19.00
Total28.00

Ekennis Software IPO Prospectus

Ekennis Software IPO Rating

271
4.0
Rating:Rated 4.0 stars
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Ekennis Software IPO Listing Date

Listing Date Monday, March 7, 2022
BSE Script Code 543475
NSE Symbol
Listing In MT Group of Securities
ISIN INE0KCM01010
IPO Price ₹72 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹72.00
₹80.00
₹80.00
₹84.00
₹84.00

Company Contact Information

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
Email: info@ekennis.com
Website: http://www.ekennis.com/

Ekennis Software IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/

Ekennis Software IPO Review

Ekennis Software IPO Recommendation Summary

Review By Subscribe Neutral Avoid
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 Feb 21, 2022, and closes on Feb 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 Feb 21, 2022 and closes on Feb 24, 2022.

Ekennis Software IPO lot size is 1600 Shares and the minimum order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

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

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

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206 Comments

67. SBBHAT |   Link |Mar 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 |Mar 17, 2022 9:29:27 PM
Kitna lot hold kar rahe ho. Double kar lo bhai phir
67.3. SBBHAT |   Link |Mar 22, 2022 7:24:40 PM
I hold a good number of shares... more than 15k shares.
66. Dinesh Singh |   Link |Mar 7, 2022 9:29:30 AM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Sold all 3 lot @ 84.
65. Ram kumar I |   Link |Mar 7, 2022 8:46:39 AM
pre open - https://www.bseindia.com/stock-share-price/ekennis-software-service-ltd/ekennis/543475/
64. IPO BHAKT |   Link |Mar 2, 2022 12:40:59 PM
@Avenue. I got one lot.
64.1. Avenue |   Link |Mar 2, 2022 12:43:10 PM
congratulations and best wishes for a super listing...
64.2. montu parashar |   Link |Mar 4, 2022 6:23:55 PM
How many apply you..
63. Carn Mohan |   Link |Mar 4, 2022 4:39:34 PM
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
Take profit or loss with whatever you get.
62. Dinesh Singh |   Link |Mar 3, 2022 8:40:07 PM
IPO Guru IPO Guru (1000+ Posts, 400+ 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 |Mar 3, 2022 9:40:09 PM
IPO Guru IPO Guru (1400+ Posts, 3300+ Likes)
Listing on Monday
ISIN : INE0KCM01010
BSE Scrip Code : 543475
Symbol : EKENNIS

A/c is yet to be debited.

GMP : 5
62.2. Dinesh Singh |   Link |Mar 4, 2022 7:24:00 AM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Thanks gjy.
61. Amit Jaipur |   Link |Mar 3, 2022 6:52:27 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Didnt got allotted a single in 11 retail appns.
60. IPOANALYSIS |   Link |Mar 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 |Mar 3, 2022 10:50:56 AM
@lokes , Can you please suggest what may be the listing price?
58. sbbaga |   Link |Mar 2, 2022 6:53:33 PM
Shares also credited in demat
58.1. Dinesh Singh |   Link |Mar 2, 2022 6:56:38 PM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Does the listing will be prepond on Friday?
57. Chirag VP |   Link |Mar 2, 2022 3:22:16 PM
Does the UPI allotment out?
57.3. Learner SK |   Link |Mar 2, 2022 5:50:25 PM
IPO Mentor IPO Mentor (800+ Posts, 100+ Likes)
Lien released . No allotment.
57.4. Avenue |   Link |Mar 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 |Mar 2, 2022 6:21:54 PM
skylinerta register still not updated the allotment
55. IPO BHAKT |   Link |Mar 2, 2022 12:47:20 PM
@Avenue Thanks boss but looking at market very different to have good listing.
54. sundeep sharma |   Link |Mar 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 |Mar 2, 2022 11:07:02 AM
What do we expect the the listing price for this? 85-90?
52. c.dinesh |   Link |Mar 2, 2022 9:08:33 AM
Kotak ASBA unblocked for my Retail application .
52.1. Dinesh Singh |   Link |Mar 2, 2022 9:38:45 AM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Kotak is always winner in terms of allotment declaration.
No news from HDFC ICICI and SBI yet
52.2. c.dinesh |   Link |Mar 2, 2022 10:14:12 AM
Waiting for HNI allotment in RBL Asba - No news as of now.
51. Dinesh Singh |   Link |Mar 1, 2022 5:09:13 PM
IPO Guru IPO Guru (1000+ Posts, 400+ 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 |Feb 24, 2022 4:47:48 PM
IPO Mentor IPO Mentor (800+ Posts, 200+ 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 |Feb 26, 2022 12:32:29 PM
On 24th Feb, I also invested around 6% more in my portfolio.
50.13. GJ 😀 |   Link |Feb 28, 2022 1:11:53 AM
IPO Mentor IPO Mentor (800+ Posts, 200+ Likes)
@K.Atar,
I was also skeptical but went ahead and invested.

@Blick,
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.

@Shanm,
Good for the long term.

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

I did not use ICICI Demat for this SME Stock so cannot raise the complaint for the same.
49.8. Jsca |   Link |Mar 9, 2022 2:08:17 PM
@Avenue,any update for Precision Metalik complaint from NSE?
My case is taken to SEBI officer.
48. IPO Mitr |   Link |Feb 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.