EKI Energy IPO – All you need to know
EKI Energy Services, based in Indore, Madhya Pradesh, plans to raise a little over 18 crores via its initial public offering. The company has set the IPO date as well as the price range at which the shares will be offered for sale. Let’s take a peek at the particulars of EKI Energy Services Limited initial public offering.
EKI Energy IPO Dates & Price Band: (Tentative)
| IPO Open: | 24 March 2021 |
| IPO Close: | 26 March 2021 |
| IPO Size: | Approx ₹18.60 Crore |
| Face Value: | ₹10 Per Equity Share |
| Price Band: | ₹100 – ₹102 Per Share |
| Listing on: | BSE SME |
| Retail Portion: | 50% |
| Equity: | 18,24,000 Shares |
EKI Energy IPO Market Lot:
| Minimum Lot Size: | Minimum 1200 Shares |
| Minimum Amount: | ₹122,400 |
| Minimum Lot Size: | Maximum 1200 Shares |
| Minimum Amount: | ₹122,400 |
EKI Energy IPO Allotment & Listing:
| IPO Open Date | Mar 24, 2021 |
| IPO Close Date | Mar 26, 2021 |
| Basis of Allotment Date | Apr 1, 2021 |
| Initiation of Refunds | Apr 6, 2021 |
Financials of EKI Energy Services:
| Particulars | 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 |
About EKI Energy
EKI Energy Services, established in 2011, is a globally recognised brand throughout the fields of “climate change, carbon credit, and sustainability solutions.”
Initially, the company offered climate change advisory services such as registration, validation, tracking, verification, insurance, and trading of qualifying Carbon Credits Projects, but it has since extended its offerings to Business Excellence Advisory Services & Training Services.
The business provides waste management, power generation, clean growth mechanisms, airports, and other services to government and private sector clients.
Not only domestically but clients from Australia, the United States, Germany, and Europe, among other nations, are also served by the firm. Some of its customers include the Airport Authority of India, the World Bank, Azure Power, the Kerala State Electricity Board, the National Thermal Power Corporation (NTPC), GAIL, GMR Energy Limited, NHPC, and Indian Railways.
Objective of the Issue:
The funds raised from the new issue will be used by EKI Energy Services Limited to:
- To satisfy the criteria for working capital
- General Corporate Objectives
- To cover the costs of the issue.