What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Ekennis Software Service IPO allotment date?

The basis of allotment for Ekennis Software Service IPO is scheduled to be finalized on 2 Mar 2022.

Where can I check Ekennis Software Service IPO allotment status?

You can check your allotment status on the official registrar portal (Skyline Financial Services Private Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 3 Mar 2022.

IPO GreyPremiumLIVE

Grey Market Intelligence

Ekennis Software Service

ListedSME

Information Technology · BSE

Ekennis Software Service Ltd is a company specializing in software IT solutions and consulting services. They provide IT product and software development, as well as software training, with a strong focus on ERP solutions, Learning Management Solutions, and expertise in SAP ERP. The company also offers services such as business process analysis, system design, technical expertise, implementation, training, and ongoing support. In addition, Ekennis Software excels in 3D printing and digital printing services, catering to a diverse range of industries, including retail, food, entertainment, sports, baby care, personal hygiene, industrial, and agriculture, with packaging design consultancy being an essential part of their offerings.

Price Band

₹72

Issue Size

₹2.88 Cr

Lot Size

1600 shares

GMP

—

Est. Listing

₹72

at current GMP

Subscribed

—

Open

21 Feb 2022

24 Feb 2022

Allotment

2 Mar 2022

Refund

3 Mar 2022

Demat Credit

4 Mar 2022

Listing

7 Mar 2022

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Ekennis Software Service Allotment Status

Designated Registrar: Skyline Financial Services Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

2 Mar 2022

Basis finalization

Refunds Initiate

3 Mar 2022

Mandate release

Demat Credit

4 Mar 2022

Shares in demat

Listing Debut

7 Mar 2022

Trading begins

About Ekennis Software Service Public Issue & Market Profile

Ekennis Software Service is bringing an initial public offering (IPO) in the Information Technology sector with an aggregate issue size of ₹2.88 Crores. The shares are offered at a price band of ₹72 to ₹72 per equity share on BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Public Issue & Allotment Procedure:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1600 shares (approx. ₹1,15,200 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Official Allotment Timelines & Registrar Guidance:

Allotment reconciliation will be managed by Skyline Financial Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2022-03-04, while un-allotted funds or UPI block mandates will be released on 2022-03-03.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.