Only buyers in this SME IPO stock

EKI is way up by 536 per cent from its issue price and 341 per cent up from its IPO listing price, creating immense opportunity for wealth seekers in 2021.

SME IPOs are not as popular as those IPOs that get listed on BSE and NSE mainboard. SME IPOs are not advertised in media that much and have low budget to market their issue, however that does not mean they don’t perform. SME IPOs get listed on BSE SME platform or NSE Emerge platform in India and several of these companies eventually shift to mainboard turning into a micro-cap or a small-cap company in future.

EKI Energy Services is one SME IPO that is soaring on bourses with only buyers in the counter with no sellers willing to part with the holding. The lot size for this SME share is 1200, meaning an investor has to bid for a minimum 1200 quantity to buy the shares of EKI Energy Services.

EKI is way up by 536 per cent from its issue price and 341 per cent up from its IPO listing price, creating immense opportunity for wealth seekers in 2021.

EKI services, incorporated in 2011 is reputed in the business area of waste management. The company has expanded its services into carbon credits trading, advisory services & training services and also conducts electrical safety audits. Its focus area is climate change, carbon credit and sustainability solutions.

There is huge demand for such services with clean energy being the goal for both government and corporates. The attitudinal shift amongst the business leaders puts sustainability as a top priority.

EKI Energy services clients from private sector and various government entities in clean development mechanism, waste management, airports and others. The company has global clients as well thus boosting of strong and widespread clientele base.

The SME IPO issue for EKI Energy Services was subscribed 4.05 times in March with retail category subscribing the issue 3.13x and QIB category by 1.00x and NII category by 10.25x. NII stands for non-institutional bidder.