Ekennis Software Service Limited becomes the Three Hundred and Sixty Fourth Company to get listed on BSE SME Platform

Ekennis Software Service Limited is Karnataka based company whose registered office is at Bangalore.

Ekennis Software Service Limited became the 364th Company to get listed on the BSE SME Platform on March 07, 2022. Ekennis Software Service Limited came out with an initial public offering of 4,00,000 equity shares of Rs.10 each for cash at a price of Rs. 72 per equity share, aggregating to Rs 2.88 crore. The company has successfully completed its public issue on February 24, 2022.

Ekennis Software Service Limited is Karnataka based company whose registered office is at Bangalore. The company engaged in the business of software IT solution and consulting services, IT product/ software development, and software training, ERP solution, Learning Management Solution, 3D printing, Digital printing and packaging design consultancy. It also provides business process analysis, system design, technical expertise, implementation, training, and support services, and has expertise in SAP ERP.

Mumbai based Shreni Shares Pvt Ltd. was the lead manager to Ekennis Software Service Limited.

So far, 131 companies have migrated to the main board. The 363 companies listed on BSE SME Platform have raised Rs. 3,841.66 crore from the market and total market capitalization of 363 companies as on March 04, 2022 is Rs. 47,221.68 Crore. BSE is the market leader in this segment with a market share of 61 percent.

SEBI came out with detailed guidelines on May 18, 2010 for launching of SME Exchange/Platform. BSE was the first stock exchange to get the approval from SEBI and launch its SME platform on March 13, 2012.

The response since the launch of this platform by BSE has been very positive till date.