EKI Energy Services Limited came up with an Initial Public Offering (IPO) March 2021. The company offered 1,82,24,000 equity shares with a face value of Rs. 10 each through an offer for sale (OFS) by the selling shareholders.
It is an Indian company that provides energy efficiency and management solutions. The company is based in Mumbai and offers services in the areas of energy audits, renewable energy, and energy-efficient engineering. The company caters not only to domestic customers but also serves clients internationally in countries such as the United States, Australia, Europe, Germany, and others. Its customer base includes well-known names such as Airport Authority of India, World Bank, Azure Power, Kerala State Electricity Board, National Thermal Power Corporation (NTPC), GAIL, GMR Energy Limited, NHPC, Indian Railways, and more.
EKI Energy Services IPO Details
| IPO Date | Mar 24, 2021 to Mar 26, 2021 |
| Listing Date | Wednesday, April 7, 2021 |
| Face Value | ₹10 per share |
| Price | ₹100 to ₹102 per share |
| Lot Size | 1200 Shares |
| Issue Size | 1,824,000 shares of ₹10 (aggregating up to ₹18.60 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
EKI Energy Services IPO Tentative Date
| Event | Tentative Date |
| Opening Date | Mar 24, 2021 |
| Closing Date | Mar 26, 2021 |
| Basis of Allotment | Apr 1, 2021 |
| Initiation of Refunds | Apr 6, 2021 |
| Credit of Shares to Demat | Apr 6, 2021 |
| Listing Date | Apr 7, 2021 |
Industry Overview
The energy efficiency and management industry in India have been experiencing steady growth over the years, driven by various factors such as government initiatives, increasing awareness of energy conservation, and the rising demand for energy-efficient solutions. This growth is further boosted by the increasing adoption of renewable sources of energy and the growing need to reduce carbon emissions.
According to industry reports, the energy efficiency and management industry in India have been growing at a compound annual growth rate (CAGR) of approximately 8-9% over the past few years. This growth is expected to continue in the coming years, driven by increasing demand for energy-efficient solutions, technological advancements, and government initiatives to promote energy conservation and sustainability.
Company Financials
| 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 |
Objects of the Issue
- To meet working capital requirements.
- General corporate purposes.
- To meet issue expenses.
EKI Energy Services IPO Prospectus
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/
EKI Energy Services IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
EKI Energy Services IPO Lead Manager(s)
- Hem Securities Limited (Past IPO Performance)
