Ekennis Software Service Limited was established in 2019 and promoted by Ms. Manisha Sharma. The company operated in the information technology and software services sector. Its offerings included software development, IT consulting, ERP implementation, software training and technology solutions.
The Ekennis Software IPO opened in February 2022 at an issue price of ₹72 per share. Investors could apply for a minimum of 1,600 shares. Consequently, the minimum investment amounted to ₹1,15,200. The company proposed to list its shares on the BSE SME platform.
Furthermore, the IPO consisted entirely of a fresh issue of ₹2.88 Crore. Ekennis Software planned to use the proceeds for purchasing plant and machinery, meeting working capital requirements and general corporate purposes.
Ekennis Software Company Profile
Ekennis Software provided a range of IT solutions and consulting services. Its business activities covered software development, ERP solutions, Learning Management Solutions, software training, 3D printing, digital printing and packaging design management consultancy.
The company helped businesses improve their processes through technology and enterprise software. Its services included business process analysis, system design, implementation, technical consulting, employee training and ongoing support.
In addition, Ekennis Software had expertise in SAP ERP, covering both technical and functional consulting. The company’s major implementation areas included discrete manufacturing, automotive, food processing, chemicals and telecom.
Its team included professionals trained in SAP, Microsoft and Oracle technologies. Therefore, the company could support customers with different enterprise technology and software requirements.
What Does Ekennis Software Do?
Ekennis Software operated mainly in the IT consulting and software services industry. Its portfolio included ERP consulting, software development, implementation, technical support and training.
For ERP projects, the company analyzed business processes and designed technology solutions around the customer’s requirements. It then supported implementation, employee training and ongoing technical assistance.
Moreover, its SAP expertise covered both functional and technical services. The company focused on sectors such as manufacturing, automotive, food processing, chemicals and telecom.
Objects of the Ekennis Software IPO
Ekennis Software planned to use the IPO proceeds to strengthen its operations and support its future business requirements.
The company identified three main objectives for the issue:
- Purchase of plant and machinery.
- Funding working capital requirements.
- General corporate purposes.
Investment in plant and machinery could support the company’s operational capabilities. Meanwhile, working capital funding could help meet day-to-day business requirements and support future activities.
Ekennis Software IPO Details
| IPO Details | Information |
|---|---|
| Company Name | Ekennis Software Service Limited |
| IPO Name | Ekennis Software IPO |
| IPO Opening Date | 21 February 2022 |
| IPO Closing Date | 24 February 2022 |
| IPO Price | ₹72 per share |
| Fresh Issue | ₹2.88 Crore |
| Total Issue Size | ₹2.88 Crore |
| Lot Size | 1,600 shares |
| Face Value | ₹10 per share |
| Issue Type | Fixed Price Issue |
| Listing | BSE SME |
The IPO offered a relatively small issue size of ₹2.88 Crore. Because it was an SME issue, investors needed to apply for a minimum of 1,600 shares. As a result, the minimum application value reached ₹1,15,200.
Ekennis Software IPO Market Lot
The minimum lot contained 1,600 shares. At ₹72 per share, one lot required an investment of ₹1,15,200.
| Application | Lot | No. of Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,600 shares | ₹1,15,200 |
| Maximum | 1 | 1,600 shares | ₹1,15,200 |
Minimum investment: 1,600 shares × ₹72 = ₹1,15,200.
Investors should remember that SME IPOs can have different liquidity and trading characteristics compared with mainboard companies. Therefore, the lot size and minimum investment should form only one part of the overall investment analysis.
Ekennis Software IPO Financial Performance
Financial performance provides useful information about a company’s historical operations. For Ekennis Software, the available IPO financial data included assets, revenue and profit after tax.
| Financial Particulars | Amount |
|---|---|
| Financial Period | 15 January 2022 (Restated Consolidated) |
| Total Assets | ₹301.07 Lakh |
| Total Revenue | ₹367.18 Lakh |
| Profit After Tax | ₹70.20 Lakh |
| EPS FY2021 | Not available in the supplied data |
The reported figures showed revenue of ₹367.18 lakh and profit after tax of ₹70.20 lakh. In addition, total assets stood at ₹301.07 lakh for the reported period.
However, investors should not evaluate an IPO only on historical financial figures. Future growth, profitability, competition, valuation, business risks and management execution can also influence the company’s performance.
Ekennis Software IPO DRHP
The draft prospectus contains detailed information about the company’s business, financial statements, promoters, risk factors and proposed use of IPO proceeds. Investors researching the historical issue can refer to the prospectus for additional information.
Download Ekennis Software IPO DRHP
Ekennis Software IPO Subscription Status
IPO subscription figures show the level of demand received from different investor categories. These figures can help readers understand how strongly investors participated in an IPO during its bidding period.
For historical subscription information, visit the Ekennis Software IPO subscription page on IPOWala.
Check Ekennis Software IPO Subscription Status
Ekennis Software IPO GMP
Grey Market Premium (GMP) is an unofficial indicator that some investors use to track market sentiment before an IPO listing. However, GMP does not come from a regulated stock exchange and cannot guarantee the actual listing price.
Since Ekennis Software IPO was launched in 2022, any GMP figure should be treated as historical IPO-period information. It should not be presented as a current market premium.
Check Ekennis Software IPO GMP Details
Ekennis Software IPO Allotment Date & Details
The IPO allotment was scheduled for 02 March 2022. Subsequently, the refund process was scheduled to begin on 03 March 2022. Successful applicants were expected to receive their shares in their Demat accounts on 04 March 2022.
| IPO Event | Date |
|---|---|
| Allotment Date | 02 March 2022 |
| Initiation of Refunds | 03 March 2022 |
| Transfer of Shares to Demat Accounts | 04 March 2022 |
| Listing Date | 07 March 2022 |
| Check Allotment Status | Check IPO Allotment Status |
How to Check Ekennis Software IPO Allotment Status?
Investors could check their Ekennis Software IPO allotment through the issue registrar. Skyline Financial Services Private Limited handled the registrar-related activities for the IPO.
To check the allotment, investors could visit the registrar’s IPO status page and enter the required application information. The registrar would then display the applicable allotment status.
Check Ekennis Software IPO Allotment Status
Ekennis Software IPO Registrar
Skyline Financial Services Private Limited was the registrar for the Ekennis Software IPO.
D-153A, First Floor, Okhla Industrial Area,
Phase-1, New Delhi – 110 020, India
| Telephone | 011-4045 0193 / 97 |
| compliances@skylinerta.com | |
| Investor Grievance Email | grievances@skylinerta.com |
| Website | www.skylinerta.com |
| Contact Person | Mr. Alok Gautam |
| SEBI Registration No. | INR000003241 |
Ekennis Software Contact Details
Ekennis Software Service Limited was based in Electronic City, Bangalore.
2nd Floor, Concord Anthuriams,
Neeladri Road No. 49, 50, 51, Dodathogur Village,
Electronic City, Bangalore – 560 100
| Phone | 080-4114 5095 |
| info@ekennis.com | |
| Website | www.ekennis.com |
Ekennis Software IPO Lead Manager
Shreni Shares Private Limited acted as the lead manager for the Ekennis Software IPO.
Office No. 102, 1st Floor, Sea Lord CHS,
Ram Nagar, Borivali (West),
Mumbai – 400 092, Maharashtra, India
| Telephone | 022-2808 8456 |
| shrenishares@gmail.com | |
| Investor Grievance Email | info@shreni.in |
| Website | www.shreni.in |
| Contact Person | Ms. Kritika Rupda |
| SEBI Registration No. | INM000012759 |
Ekennis Software IPO: Investor Considerations
Ekennis Software operated in the IT services sector and offered ERP consulting, software development and technology implementation services. Its SAP expertise provided an additional focus area within the enterprise software market.
Nevertheless, investors should consider several factors before evaluating an SME company. These include revenue growth, profitability, valuation, customer concentration, competition, management experience, liquidity and future business prospects.
In addition, SME-listed companies can have lower trading volumes than larger mainboard companies. Investors should therefore understand the potential liquidity risks before making an investment decision.
This page provides historical information about the Ekennis Software IPO. Historical IPO data, GMP figures and past financial performance should not be treated as a current investment recommendation.
Frequently Asked Questions About Ekennis Software IPO
What was the Ekennis Software IPO price?
The Ekennis Software IPO price was ₹72 per share.
What was the Ekennis Software IPO lot size?
The IPO lot size was 1,600 shares. At the issue price, one lot required an investment of ₹1,15,200.
What was the minimum investment in Ekennis Software IPO?
The minimum investment was ₹1,15,200, calculated using 1,600 shares at ₹72 per share.
When did the Ekennis Software IPO open?
The IPO opened on 21 February 2022.
When did the Ekennis Software IPO close?
The IPO closed on 24 February 2022.
When was the Ekennis Software IPO allotment?
The IPO allotment was scheduled for 02 March 2022.
When was Ekennis Software IPO listed?
The shares were scheduled to list on the BSE SME platform on 07 March 2022.
Who was the registrar of Ekennis Software IPO?
Skyline Financial Services Private Limited was the registrar of the Ekennis Software IPO.
Who was the lead manager of Ekennis Software IPO?
Shreni Shares Private Limited was the lead manager of the Ekennis Software IPO.
What was the Ekennis Software IPO issue size?
The total issue size was ₹2.88 Crore, consisting entirely of a fresh issue.
Where was Ekennis Software IPO listed?
The IPO was listed on the BSE SME platform.
What was the Ekennis Software IPO GMP?
GMP information for this IPO should be treated as historical IPO-period data. Grey Market Premium is unofficial and does not guarantee the actual listing price.
