EKI ENERGY IPO opens on 24 th March with a price band of Rs.100-102 per Equity Share. EKI ENEGY SERVICES LIMITED, has been in the business of Climate Change Advisory Services, Carbon Credits developer & supplier, Business Excellence Advisory and Electrical Safety Audits, offering services to government and private sectors like power generation, waste management, clean development mechanism, airports and many more industries.
Will be launching its initial public offering (“IPO” or the “Offer”) which is scheduled to open on Wednesday, March 24 and close on Friday March 26, 2021, with a price band of Rs100- Rs.102 Equity Share of face value of Rs. 10 each of the Company (the “Equity Shares”).
Initial Public Offer of up to 18, 24,000 Equity Shares of Face Value of Rs.10 each for cash at a price band of Rs. 100- Rs. 102 per equity share (including a share premium of Rs.90-Rs 92 per equity share aggregating to Rs. 1824 lakh on the floor price and Rs 1860.48 lakhs on the Cap Price, including a reservation of up to 96,000 equity shares of Face Value of Rs.10/- each for cash at a price band of Rs 100-Rs 102 per equity share, aggregating up to Rs. 96 lakhs on the floor price and Rs 97.92 lakhs on the cap price will be reserved subscription by the Market Maker to the issue (The market Maker Reservation Portion).
The issue less market Maker Reservation portion i.e. Net issue of up to 17, 28,000 equity shares of Face Value of Rs.10/- each for cash at a price of Rs.100-Rs 102 per equity share, aggregating up to Rs. 1728 lakhs on the floor price and Rs 1762.56 lakhs on the Cap price is hereinafter referred to as the “Net Issue”. The Issue and the Net Issue will constitute 26.53% and 25.14% respectively of the post issue paid up equity share capital of the company.
This issue is being made in terms of chapter IX of the securities and Exchange Board of India) Issue of capital And Disclosure Requirements regulations, 2018 (The “SEBI (ICDR) regulation”), as amended, this is an Issue for at least 25% of the Post-Issue Paid-up equity share capital of the company. This issue is a Book Built Issue and allocation in the net issue to the public will be made in terms of regulation 253 of the SEBI (ICDR) regulations, as amended.
For further details, please refer “Issue Procedure” on page 230 of the Red Herring Prospectus. All Potential investors
shall participate in the issue through an application supported by blocked amount (“ASBA”) process including through UPI mode (as applicable) by providing details about the bank account which will be blocked by the self- certified syndicate banks (“SCSBS”) for the same. For details in this regard, specific attention is invited to “Issue procedure” on page 230 of the Red Herring Prospectus. All the proceeds from the Issue will be coming to the Company as a fresh issue proceeds.
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