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Ekennis Software Service IPO is a Fixed Price IPO listing on BSE SME exchange. The company is based in Bangalore and caters to Information Technology - Data Solutions sector. Shreni Shares is the merchant banker of Ekennis Software Service IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 30th January 2022.
Ekennis Software Service IPO open date is 21st February 2022 and close date is 24th February 2022. IPO Allotment Date is 2nd March 2022 and Listing date is 7th March 2022.
IPO
Size:
₹ 2.88 Cr.
Avg IPO Size (Sector Based)
: ₹
21.63 cr.
Sector: Information Technology - Data Solutions
SME
IPO so far:
48
Merchant Banker:
Shreni Shares
SME
IPO by BRLM so far:
47
City:
Bangalore
SME
IPO so far:
27
Revenue (annualised):
₹
4.00
cr. 
PE
Ratio:
11.40x
Average Sector PE Ratio: 18.61x
Ekennis Software Service IPO size is ₹ 2.88 Cr. with IPO price of ₹ 72.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Shreni Shares Limited is the book-running lead manager of the Ekennis Software Service IPO. Skyline Financial Services Private Limited is the Registrar and Market Maker is Shreni Shares Private Limited for Ekennis Software Service IPO.
Ekennis Software Service IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Ekennis Software Service IPO, based in Bangalore, operates in the Information Technology - Data Solutions sector with a focus on Product dev and software solutions. The company is launching its SME IPO on the BSE SME exchange, using the Fixed Price Issue method. Ekennis Software Service IPO size is ₹ 2.88 Cr. with fresh issue size of ₹ 2.88 Cr. and Offer for sale being ₹ Nil
The IPO allotment date for Ekennis Software Service IPO is expected to be 2nd March 2022, after the finalization of basis of allotment. Investors can check Ekennis Software Service IPO allotment status on the registrars website, Skyline Financial Services Private Limited. Ekennis Software Service IPO refund dates are 3rd March 2022.
Ekennis Software Service IPO is expected to be listed on 7th March 2022.
The upper price band for the Ekennis Software Service IPO is set at ₹ 72.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Ekennis Software Service IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Ekennis Software Service IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 24th February 2022. After submission, funds are blocked until the basis of allotment of Ekennis Software Service IPO is finalised.
The merchant banker for Ekennis Software Service IPO is Shreni Shares Limited . Shreni Shares Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Ekennis Software Service IPO RHP for further details.
The registrar for Ekennis Software Service IPO is Skyline Financial Services Private Limited. Investors can go to Skyline Financial Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Ekennis Software Service IPO through their official website or helpline.
Ekennis Software Service IPO was subscribed 28.00 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 2.88 Cr.
Avg IPO Size (Sector Based)
:
₹ 21.63 Cr.
Sector: Information Technology - Data Solutions
SME
IPO so far:
48
Merchant Banker:
Shreni Shares
SME
IPO by BRLM so far:
47
City:
Bangalore
SME
IPO so far:
27
Revenue (annualised):
₹ 3.95 cr.
PE
Ratio:
11.40x
Average Sector PE Ratio: 18.61x
Ekennis Software Service IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Ekennis Software Service Financial Review Page
Merchant Banker(s) of Ekennis Software Service IPO: Shreni Shares Limited
Ekennis Software Service IPO subscription was 28.00 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Ekennis Software Service IPO listed at a listing price of 84.00 against the offer price of 72.00.
The current market price of Ekennis Software Service is 55.80.
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