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EKI Energy Services IPO is a Book Building IPO listing on BSE SME exchange. The company is based in Indore and caters to Recycling sector. Hem Securities is the merchant banker of EKI Energy Services IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 31st March 2021.
EKI Energy Services IPO open date is 24th March 2021 and close date is 26th March 2021. IPO Allotment Date is 1st April 2021 and Listing date is 7th April 2021.
IPO
Size:
₹ 18.60 Cr.
Avg IPO Size (Sector Based)
: ₹
24.13 cr.
Sector: Recycling
SME
IPO so far:
11
Merchant Banker:
Hem Securities
SME
IPO by BRLM so far:
126
City:
Indore
SME
IPO so far:
18
Revenue (annualised):
₹
120.00
cr. 
PE
Ratio:
6.50x
Average Sector PE Ratio: 20.06x
EKI Energy Services IPO size is ₹ 18.60 Cr. with IPO price of ₹ 102.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Hem Securities Limited is the book-running lead manager of the EKI Energy Services IPO. Bigshare Services Private Limited is the Registrar and Market Maker is Hem Finlease Private Limited for EKI Energy Services IPO.
EKI Energy Services IPO anchor investors are the below investors. The number of anchor investors in this IPO is 2.
| Anchor Investor Name | No. of shares Allotted | Offer Price (in ₹.) | Amount Invested (in ₹.) |
|---|---|---|---|
| Maven India Fund | 259,200.00 | ₹ 102.00 | ₹ 26,438,400.00 |
| Next Orbit Ventures | 258,000.00 | ₹ 102.00 | ₹ 26,316,000.00 |
EKI Energy Services IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
EKI Energy Services IPO, based in Indore, operates in the Recycling sector with a focus on suistainability solutions provider (Carbon credits). The company is launching its SME IPO on the BSE SME exchange, using the Book Building Issue method. EKI Energy Services IPO size is ₹ 18.60 Cr. with fresh issue size of ₹ 18.60 Cr. and Offer for sale being ₹ Nil
The IPO allotment date for EKI Energy Services IPO is expected to be 1st April 2021, after the finalization of basis of allotment. Investors can check EKI Energy Services IPO allotment status on the registrars website, Bigshare Services Private Limited. EKI Energy Services IPO refund dates are 6th April 2021.
EKI Energy Services IPO is expected to be listed on 7th April 2021.
The upper price band for the EKI Energy Services IPO is set at ₹ 102.00 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 EKI Energy Services 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 EKI Energy Services 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 26th March 2021. After submission, funds are blocked until the basis of allotment of EKI Energy Services IPO is finalised.
The merchant banker for EKI Energy Services IPO is Hem Securities Limited . Hem Securities Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the EKI Energy Services IPO RHP for further details.
The registrar for EKI Energy Services IPO is Bigshare Services Private Limited. Investors can go to Bigshare Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to EKI Energy Services IPO through their official website or helpline.
EKI Energy Services IPO was subscribed 4.05 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 18.60 Cr.
Avg IPO Size (Sector Based)
:
₹ 24.13 Cr.
Sector: Recycling
SME
IPO so far:
11
Merchant Banker:
Hem Securities
SME
IPO by BRLM so far:
126
City:
Indore
SME
IPO so far:
18
Revenue (annualised):
₹ 119.80 cr.
PE
Ratio:
6.50x
Average Sector PE Ratio: 20.06x
EKI Energy Services IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on EKI Energy Services Financial Review Page
Merchant Banker(s) of EKI Energy Services IPO: Hem Securities Limited
EKI Energy Services IPO subscription was 4.05 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.
EKI Energy Services IPO listed at a listing price of 140.00 against the offer price of 102.00.
The current market price of EKI Energy Services is 108.66.
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