EKI Energy Services IPO will open for subscription from 24 March 2021. the company aims for an issue size of ₹18.60 crores through this IPO.
Also read: IPO List 2021: a complete list of IPOs in 2021
EKI Energy Services Limited
Incorporated in 2011, EKI Energy Services is a well-recognized brand in the realm of “climate change, carbon credit, and sustainability solutions” across the globe. Initially, the company started its business as a climate change advisory services such as consultancy services for registration, validation, monitoring, verification, insurance, and trading of eligible Carbon Credits Projects but over the period, it has expanded its services into carbon credits trading, Business excellence advisory services & training services, and Electrical Safety Audits.
The company offers its services to various government and private sector clients in waste management, power generation, clean development mechanisms, airports, and others. The firm not only serves customers domestically but also serves clients in countries like Australia, the USA, Germany, Europe, etc. Airport Authority of India, World Bank, Azure Power, Kerala State Electricity Board, National Thermal Power Corporation (NTPC), GAIL, GMR Energy Limited, NHPC, Indian Railways, etc. are some of its customers.
Objectives of the Issue
- To meet working capital requirements.
- General corporate purposes.
- To meet issue expenses.
Competitive Strengths
- Quality assurance, timely payment, and delivery.
- Strong and widespread clientele base.
- Multiple business verticals i.e. Carbon Credits Trading, Climate Change Advisory, Business Excellence Advisory, etc.
- Qualified management team.
Basic details about the company
| Full name | EKI Energy Services Limited |
| Sector | miscellaneous |
| Industry | miscellaneous |
| Company Website | www.enkingint.org |
Dates to remember
| IPO Open | 24 March 2021 |
| IPO Close | 26 March 2021 |
| Basis of Allotment | 01 April 2021 |
| Refunds date | 06 April 2021 |
| Credit to Demat Account | 06 April 2021 |
| Listing Date | 07 April 2021 |
IPO details
| Issue type | Book Built Issue |
| IPO issue size | ₹18.24 Cr–₹18.60 Cr |
| No of shares offered | 1824000 shares |
| Face value | ₹10 per equity share |
| Price band | ₹100 to ₹102 per equity share |
| Retail Allocation | 35% |
| Lot size | 1200 Shares |
| Minimum application | 1 Lot-1200 Shares |
| Minimum application amount | ₹1,22,400 |
| Listing Exchange | BSE |
Financial summary
| Particulars | For the year/period ended (₹ in lakh) | |||
|---|---|---|---|---|
| 30-Sep-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Assets | 2,186.19 | 1,609.68 | 412.31 | 276.60 |
| Total Revenue | 5,996.34 | 6,601.90 | 1,988.13 | 701.01 |
| Profit After Tax | 538.58 | 447.45 | 68.04 | 26.91 |
Company Promoters
- Mr. Manish Kumar Dabkara
Lead Managers
- Hem Securities Limited
EKI Energy Services IPO Registrar
Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis, Makwana Road,
Marol, Andheri(E), Mumbai – 400 059
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Company Contact Information
EKI Energy Services Limited
201, Plot No. 48., Scheme No. 78, Part-II,
Vijay Nagar (Near Brilliant Convention Centre),
Indore-452010
Phone: 0731-4289086
Email: cs@enkingint.org
Website: http://www.enkingint.org/
Final thoughts
EKI Energy Services IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make a wise decision.
Happy Investing
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