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= EKI Energy Services Limited =

EKI Energy Services Limited (EKI) is a climate change advisory with a significant global presence having its headquarters in Indore, India. When it comes to the number of carbon projects created and carbon credits internationally mobilised, EKI Energy Services has the highest business volume. It began its operations in 2008 as a proprietorship firm and then continued for a couple of years before turning into a closely held public limited company in 2011. On April 7, 2021, EKI Energy shares were listed on the BSE SME Platform.

The business has focused on developing carbon emission reduction projects and mobilizing the same for consumption in the global market. The business has customers in more than 40 countries with offices in 17 countries. EKI has mobilised over 200 million offsets as of this writing.

History
EKI was founded in the year 2008 and then went on to expand its footprint across various carbon emission consultancy-based services. Following the next seven years of its birth, it assisted several Indian and foreign businesses to register for carbon credits.

The only revenue it generated was the consulting fees. Low market awareness, declining credit prices, and functional problems with the carbon trading mechanism were making the market for carbon credits unattractive to businesses. It then went on to become a closely held public limited company and further expanded its operations.

It expressed its intention to come out with an IPO in November 2020 and then declared in January 2021 that it intended to hit the Bombay Stock Exchange, with an aim to expand its business both within and outside India.

However, in January 2022, the company hit a valuation of $1 billion.

Services
Under the trade name "Enking International," EKI Energy assists entities in achieving their Sustainability & NetZero goals; Carbon, Renewable Energy and Plastics Offsets portfolio management; Climate positive investments; Carbon Market capacity building; and Carbon, Renewable and Plastics derivatives management towards neutrality.

Notable Clients and Partnership
EKI Energy Services has been around for more than 15 years. It boasts of a distinguished portfolio of clients with notable names like The World Bank, Fortum, Indian Oil Corporation, Indian Railways, SB Energy, and NTPC. It has joint ventures with The Netherlands-based Shell Overseas Investment B.V. – a unit of Royal Dutch Shell plc. for the implementation of Nature-based Solutions (NbS) in India, and with First Source Energy India Private Limited to pioneer Climate EDTech and Climate Finance Market Place.

IPO
EKI Energy Services decided to list on the SME platform of the BSE in March 2021, with the goal of raising between Rs 18.24 crore and Rs 18.60 crore which was priced at Rs 100-102 per share.

The 12-year-old company set the price range for the IPO at Rs 100 to Rs 102 with the intention of using the funds from the IPO to grow its climate management solutions in India and beyond. On 4/7/2021, it had its BSE debut with a market cap of Rs 101.05 crore. It made an excellent launch, and since then, the value of its shares has increased.