Ekennis Software Service Limited IPO (Ekennis Software IPO) Detail

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 Promoters:

Ms. Manisha Sharma is the promoter of the company.

Company Financials:

ParticularsFor the year/period ended (₹ in Lakh)
Total Assets301.07261.53163.87
Total Revenue367.18468.67485.78
Profit After Tax70.2094.9222.60

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

IPO Opening DateFeb 21, 2022
IPO Closing DateFeb 24, 2022
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹72 per equity share
Market Lot1600 Shares
Min Order Quantity1600 Shares
Listing AtBSE SME
Issue Size400,000 Eq Shares of ₹10
(aggregating up to ₹2.88 Cr)
Fresh Issue400,000 Eq Shares of ₹10
(aggregating up to ₹2.88 Cr)

Ekennis Software IPO Tentative Timetable

The Ekennis Software IPO open date is Feb 21, 2022, and the close date is Feb 24, 2022. The issue may list on Mar 7, 2022.

IPO Open DateFeb 21, 2022
IPO Close DateFeb 24, 2022
Basis of Allotment DateMar 2, 2022
Initiation of RefundsMar 3, 2022
Credit of Shares to Demat AccountMar 4, 2022
IPO Listing DateMar 7, 2022

Ekennis Software IPO Lot Size

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

ApplicationLotsSharesAmount (Cut-off)

Ekennis Software IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding71.42%

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.

Ekennis Software IPO Subscription Status (Bidding Detail)

The Ekennis Software IPO is subscribed 2.29 times on Feb 22, 2022 5:51:00 PM. The public issue subscribed 2.85 times in the retail category, times in the QIB category, and 1.73 times in the NII category.

CategorySubscription (times)

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

Ekennis Software IPO Registrar

Skyline Financial Services Private Ltd

Phone: +91 – 11 – 2681
Email: compliances@skylinerta.com

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