IPO Stock

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 DateMar 24, 2021
IPO Close DateMar 26, 2021
Basis of Allotment DateApr 1, 2021
Initiation of RefundsApr 6, 2021

Financials of EKI Energy Services:

Total Assets2,186.191,609.68412.31276.60
Total Revenue5,996.346,601.901,988.13701.01
Profit After Tax538.58447.4568.0426.91

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.

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