Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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EKENNIS SOFTWARE SERVICE LIMITED |
| CIN: U72900KA2019PLC122003 |
Our company was originally incorporated as a One Person Company under the name "Ekennis Software Service (OPC) Private Limited" under the provisions of the Companies Act, 2013 and certificate of incorporation was issued by the Registrar of Companies, Central Registration Centre, Manesar on February 28, 2019. The status of our Company was changed to public limited and the name of our Company was changed to "Ekennis Software Service Limited" vide Special Resolution passed by the shareholders at the Annual General Meeting of our Company held on November 05, 021. The fresh certificate of incorporation consequent to conversion was issued on January 04, 2022 by the Registrar of Companies, Bangalore. The Corporate Identification Number of our Company is U72900KA2019PLC122003. For further details on incorporation and registered office of our Company, see "History and Certain Corporate Matters" beginning on page 116 of the Prospectus.
Registered office: 2nd Floor, Concord Anthuriams, Neeladri Road No. 49, 50, 51, Dodathogur Vill, Electronic City, Bangalore - 560 100, Karnataka, India |
Tel: 080-4114 5095 | E-mail: info@ekennis.com | Website: www.ekennis.com |
Contact Person: Ms. Sonali, Company Secretary and Compliance Officer |
BASIS OF ALLOTMENT |
INITIAL PUBLIC OFFERING OF 4,00,000 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH ("EQUITY SHARES") OF EKENNIS SOFTWARE SERVICE LIMITED ("EKENNIS" OR "OUR COMPANY" OR "THE ISSUER") FOR CASH AT A PRICE OF Rs. 72/- PER EQUITY SHARE (INCLUDING A PREMIUM OF Rs. 62/- PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO Rs. 288.00 LAKHS ("THE ISSUE") OF WHICH 22,400 EQUITY SHARES AGGREGATING TO Rs. 16.13 LAKHS RESERVED FOR SUBSCRIPTION BY MARKET MAKER ("MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 3,77,600 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH AT AN ISSUE PRICE OF Rs. 72/- PER EQUITY SHARE AGGREGATING TO Rs. 271.87 LAKHS ("NET ISSUE"). THE ISSUE AND THE NET ISSUE CONSTITUTED 28.57% AND 26.97% OF THE POST-ISSUE PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY.
| THE FACE VALUE OF THE EQUITY SHARE IS Rs. 10/- AND THE ISSUE PRICE IS 7.2 TIMES OF THE FACE VALUE. |
| ISSUE OPENED ON: FEBRUARY 21, 2022 AND ISSUE CLOSED ON: FEBRUARY 24, 2022 |
The Equity Shares of the Company are proposed to be listed on the SME Platform of BSE Limited, in terms of the Chapter IX of the SEBI (ICDR) Regulations, 2018 as amended from time to time. Our Company has received an In-Principle approval from BSE for the listing of the Equity Shares pursuant to letter dated February 04, 2022. BSE is the Designated Stock Exchange for the purpose of this Issue. The trading is proposed to be commenced on March 07, 2022 (Subject to receipt of listing and trading approvals from the BSE).
The Issue is being made through the Fixed Price process, the allocation in the Net Issue to the Public category is made pursuant to Regulation 253(2) of the SEBI (ICDR) Regulations, 2018, as amended from time to time, wherein a minimum of 50% of the Net Issue of shares to the Public is initially made available for allotment to Retail Individual Investors. The balance of Net Issue of Shares to the public is made available for allotment to Individual Investors other than Retail Individual Investors and other Investors, including Corporate Bodies / Institutions irrespective of number of shares applied for. If the Retail Individual Investor category is entitled to more than 50% on proportionate basis, they shall be allotted that higher percentage. Under subscription, if any, in any of the categories, would be allowed to be met with spill-over from any of the other categories or a combination of categories at the discretion of our Company in consultation with the Lead Manager and the Designation Stock Exchange. Such inter-se spill over, if any, would be affected in accordance with applicable laws, rules, regulations and guidelines. All potential investors participated in the Issue only through an Application Supported by Blocked Amount ("ASBA") process including through UPI mode (as applicable) by providing details of the respective bank accounts and / or UPI IDs, in case of Rlls, if applicable, which is blocked by the Self Certified Syndicate Banks ("SCSBs") for the same.
SUBSCRIPTION DETAILS
The Net Issue has received 1709 applications before technical rejections for 87,10,400 Equity Shares resulting in 21.78 times subscription. The details of the applications received in the Net Issue (before and after technical rejections & withdrawal) are as follows:
Detail of the Applications Received:
| Category | Before Technical Rejections & Withdrawals | After Technical Rejections & Withdrawals | ||
| No. of Applications | No. of Equity Shares | No. of Applications | No. of Equity Shares | |
| Retail Individual Applicant | 1594 | 25,50,400 | 1567 | 25,07,200 |
| Other than Retail Individual Applicant | 115 | 61,60,000 | 115 | 61,60,000 |
| Total | 1709 | 87,10,400 | 1682 | 86,67,200 |
| Note: | 1. The Net Issue does not include 22,400 Equity Shares reserved for Market Maker, which was subscribed by 1.00 times. |
| 2. There were 27 Technical Rejection for 43,200 Equity Shares & no withdrawal of any application in any category. |
In the event of oversubscription, the allotment will be made on a proportionate basis in marketable lots. In other than Retail Individual Category there was over subscription of 61,60,000 Equity Shares before technical rejection and 61,60,000 Equity Shares after technical rejection. In Retail Category there was over subscription of 25,50,400 Equity Shares before technical rejection and 25,07,200 Equity Shares after technical rejection. The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - BSE on February 28, 2022.
A) |
Allocation to Market Maker (After Technical Rejections & Withdrawals): The Basis of Allotment to the Market Maker, at the Issue Price of Rs. 72 per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 22,400 Equity Shares. The category-wise details of the Basis of Allotment are as under: |
| No. of Shares Applied for (Category Wise) | No. of Applications Received | % to Total | Total No. of Shares Applied | % to Total | Allocation per Applicant | Ratio of Allottees to the Applicant | Total No. of Shares Allotted |
| 22,400 | 1 | 100.00 | 22,400 | 100.00 | 22,400 | 1:1 | 22,400 |
| Total | 1 | 100.00 | 22,400 | 100.00 | 22,400 |
| B) | Allocation to Retail Individual Investors (After Technical Rejections & Withdrawals): The Basis of Allotment to the Retail Individual Investors, at the Issue Price of Rs. 72 per Equity Share, was finalised in consultation with BSE. Pursuant to Regulation 253(2) of the SEBI (ICDR) Regulations, 2018, the total number of shares allocated in this category is 1,88,800 Equity Shares. The category was subscribed by 13.28 times. The category-wise details of the Basis of Allotment are as under: |
| No. of Shares Applied for (Category Wise) | No. of Applications Received | % to Total | Total No. of Shares Applied | % to Total | Allocation per Applicant | Ratio of Allottees to the Applicant | Total No. of Shares Allotted |
| 1600 | 1567 | 100.00 | 2,507,200 | 100.00 | 1600 | 118:1567 | 1,88,800 |
| Total | 1567 | 100.00 | 2,507,200 | 100.00 | 1600 | 118:1567 | 1,88,800 |
| C) | Allocation to Other than Retails Category (Alter Technical Rejections & Withdrawals): The Basis of Allotment to the Non - Retail Investors, at the Issue Price of Rs. 72 per Equity Share, was finalised in consultation with BSE. Pursuant to Regulation 253(2) of the SEBI (ICDR) Regulations, 2018, the total number of shares allocated in this category is 1,88,800 Equity Shares. The category was subscribed by 32.63 times. The category-wise details of the Basis of Allotment are as under: |
| No. of Shares applied for (Category Wise) | Number of applications received | % to Total | Total No. of Shares applied in each category | % to Total | Allocation per Applicant | Ratio of Allottees to the Applicant | Total No. of Shares allocated/ allotted |
| 3,200 | 19 | 16.52 | 60,800 | 0.99 | 1,600 | 1 :19 | 1,600 |
| 4,800 | 4 | 3.48 | 19,200 | 0.31 | 0 | 0 :0 | - |
| 6,400 | 5 | 4.35 | 32,000 | 0.52 | 1,600 | 1 :5 | 1,600 |
| 8,000 | 9 | 7.83 | 72,000 | 1.17 | 1,600 | 1 :9 | 1,600 |
| 9,600 | 4 | 3.48 | 38,400 | 0.62 | 1,600 | 1 :4 | 1,600 |
| 12,800 | 1 | 0.87 | 12,800 | 0.21 | 0 | 0 :0 | - |
| 14,400 | 2 | 1.74 | 28,800 | 0.47 | 1,600 | 1 :2 | 1,600 |
| 16,000 | 6 | 5.22 | 96,000 | 1.56 | 1,600 | 2:6 | 3,200 |
| 17,600 | 2 | 1.74 | 35,200 | 0.57 | 1,600 | 1 :2 | 1,600 |
| 19,200 | 3 | 2.61 | 57,600 | 0.94 | 1,600 | 1 :3 | 1,600 |
| 20,800 | 1 | 0.87 | 20,800 | 0.34 | 0 | 0 :0 | - |
| 22,400 | 2 | 1.74 | 44,800 | 0.73 | 1,600 | 1 :2 | 1,600 |
| 24,000 | 3 | 2.61 | 72,000 | 1.17 | 1,600 | 1 :3 | 1,600 |
| 25,600 | 2 | 1.74 | 51,200 | 0.83 | 1,600 | 1 :2 | 1,600 |
| 27,200 | 2 | 1.74 | 54,400 | 0.88 | 1,600 | 1 :2 | 1,600 |
| 28,800 | 1 | 0.87 | 28,800 | 0.47 | 1,600 | 1 :1 | 1,600 |
| 30,400 | 2 | 1.74 | 60,800 | 0.99 | 1,600 | 1 :2 | 1,600 |
| 32,000 | 8 | 6.96 | 256,000 | 4.16 | 1,600 | 5 :8 | 8.000 |
| 35,200 | 1 | 0.87 | 35,200 | 0.57 | 1,600 | 1 :1 | 1,600 |
| 35,200 | 1 | 0.87 | 35,200 | 0.57 | 1,600 | 1 :1 | 1,600 |
| 40,000 | 3 | 2.61 | 120,000 | 1.95 | 1,600 | 2 :3 | 3,200 |
| 43,200 | 1 | 0.87 | 43,200 | 0.70 | 1,600 | 1 :1 | 1,600 |
| 48,000 | 2 | 1.74 | 96,000 | 1.56 | 1,600 | 1 :1 | 3,200 |
| 52,800 | 2 | 1.74 | 105,600 | 1.71 | 1,600 | 1 :1 | 3,200 |
| 54,400 | 1 | 0.87 | 54,400 | 0.88 | 1,600 | 1 :1 | 1,600 |
| 56,000 | 4 | 3.48 | 224,000 | 3.64 | 1,600 | 1 :1 | 6,400 |
| 65,600 | 1 | 0.87 | 65,600 | 1.06 | 1,600 | 1 :1 | 1,600 |
| 67,200 | 1 | 0.87 | 67,200 | 1.09 | 1,600 | 1 :1 | 1,600 |
| 72,000 | 1 | 0.87 | 72,000 | 1.17 | 1,600 | 1 :1 | 1,600 |
| 75,200 | 1 | 0.87 | 75,200 | 1.22 | 1,600 | 1 :1 | 1,600 |
| 80,000 | 3 | 2.61 | 240,000 | 3.90 | 1,600 | 1 :1 | 4,800 |
| 80,000 | Lottery | 1,600 | 2 :3 | 3,200 | |||
| 86,400 | 2 | 1.74 | 172,800 | 2.81 | 1,600 | 1 :1 | 3,200 |
| 86,400 | Lottery | 1,600 | 1 :2 | 1,600 | |||
| 96,000 | 2 | 1.74 | 192,000 | 3.12 | 3,200 | 1 :1 | 6,400 |
| 120,000 | 1 | 0.87 | 120,000 | 1.95 | 3,200 | 1 :1 | 3,200 |
| 129,600 | 1 | 0.87 | 129,600 | 2.10 | 4,800 | 1 :1 | 4,800 |
| 137,600 | 2 | 1.74 | 275,200 | 4.47 | 3,200 | 1 :1 | 6,400 |
| 137,600 | Lottery | 1,600 | 1 :2 | 1,600 | |||
| 139,200 | 1 | 0.87 | 139,200 | 2.26 | 4,800 | 1 :1 | 4,800 |
| 140,800 | 1 | 0.87 | 140,800 | 2.29 | 4,800 | 1 :1 | 4,800 |
| 196,800 | 1 | 0.87 | 196,800 | 3.19 | 6,400 | 1 :1 | 6,400 |
| 288,000 | 1 | 0.87 | 288,000 | 4.68 | 9,600 | 1 :1 | 9,600 |
| 377,600 | 6 | 5.22 | 2,265,600 | 36.78 | 11,200 | 1 :1 | 67,200 |
| 377,600 | Lottery | 1,600 | 1 :6 | 1,600 | |||
| Total | 115 | 100.00 | 6,160,000 | 100.00 | 188,800 | ||
The Board of Directors of the Company at its meeting held on February 28, 2022, has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the allotment of the Equity Shares to various successful applicants.
The CAN and allotment advice and / or notices shall be dispatched to the address of the investors as registered with the depositories on or before March 03, 2022. Further, the instructions to Self Certified Syndicate Banks will be processed on or before February 28, 2022 for unblocking of funds. The Equity Shares allotted to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. In case the same is not received within prescribed time, investors may contact the Registrar to the Issue at the address given below. The Company is taking steps to get the Equity Shares admitted for trading on the SME Platform of BSE Limited within 6 working days from the Closure of the Issue. The trading is proposed to be commenced on March 07, 2022 subject to receipt of listing and trading approvals from BSE.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated February 14, 2022 ("Prospectus").
INVESTORS PLEASE NOTE
The details of the allotment made has been hosted on the website of the Registrar to the Issue, Skyline Financial Services Private Limited at Website: www.skylinerta.com. All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/Sole Applicant, Serial number of the Application Form, Number of Shares Applied for and Bank Branch where the Application had been lodged and payment details at the address given below:
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SKYLINE FINANCIAL SERVICES PRIVATE LIMITED |
| D-153A, First Floor Okhla Industrial Area, Phase-I, New Delhi 110 020, India. | |
| Telephone: 011-40450193-97 | Fax: 011-26812682 | E-mail: compliances@skylinerta.com | |
| Investor grievance e-mail: grievances@skylinerta.com | Website: www.skylinerta.com | |
| Contact Person: Mr. Alok Gautam | SEBI Registration No.: INR000003241 |
| For Ekennis Software Service Limited | |
| On behalf of the Board of Directors | |
| Place: Bangalore | Sd/- |
| Date: 03.03.2022 | Chairman & Managing Director |
LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF EKENNIS SOFTWARE SERVICE LIMITED
RHP