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Enser Communications IPO is a fixed price issue of Rs 16.17 crores. The issue is entirely a fresh issue of 23.1 lakh shares.
Enser Communications IPO bidding started from March 15, 2024 and ended on March 19, 2024. The allotment for Enser Communications IPO was finalized on Wednesday, March 20, 2024. The shares got listed on NSE SME on March 22, 2024.
Enser Communications IPO price is ₹70 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹140,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹280,000.
Fast Track Finsec Pvt Ltd is the book running lead manager of the Enser Communications IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Enser Communications IPO is B.N. Rathi Securities.
Refer to Enser Communications IPO RHP for detailed information.
| IPO Date | March 15, 2024 to March 19, 2024 |
| Listing Date | March 22, 2024 |
| Face Value | ₹10 per share |
| Price | ₹70 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 2,310,000 shares (aggregating up to ₹16.17 Cr) |
| Fresh Issue | 2,310,000 shares (aggregating up to ₹16.17 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 6,406,059 |
| Share holding post issue | 8,716,059 |
| Market Maker portion | 118,000 shares B.N. Rathi Securities |
Enser Communications IPO offers 2,310,000 shares. 1,096,000 (47.45%) to NII, 1,096,000 (47.45%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 118,000 (5.11%) |
| Other Shares Offered | 1,096,000 (47.45%) |
| Retail Shares Offered | 1,096,000 (47.45%) |
| Total Shares Offered | 2,310,000 (100%) |
Enser Communications IPO opens on March 15, 2024, and closes on March 19, 2024.
| IPO Open Date | Friday, March 15, 2024 |
| IPO Close Date | Tuesday, March 19, 2024 |
| Basis of Allotment | Wednesday, March 20, 2024 |
| Initiation of Refunds | Thursday, March 21, 2024 |
| Credit of Shares to Demat | Thursday, March 21, 2024 |
| Listing Date | Friday, March 22, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 19, 2024 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹140,000 |
| Retail (Max) | 1 | 2000 | ₹140,000 |
| HNI (Min) | 2 | 4,000 | ₹280,000 |
| Lot Size Calculator | |||
Mr. Harihara Subramanian Iyer, Mr. Rajnish Omprakash Sarna, Mrs. Gayatri Rajnish Sarna and Mrs. Sindhu Saseedharan Nair are the promoters of the company.
| Share Holding Pre Issue | 90.13% |
| Share Holding Post Issue | 66.25% |
Incorporated in 2008, Enser Communications Limited offers Business Process Management (BPM) services to companies in the insurance, e-commerce, education and travel sectors.
Enser has 4 main business verticals:
Under these verticals, the company provides business analytics, customer relationship management (CRM), interactive voice response systems (IVRS), customer interaction management solutions, technology-enabled infrastructure development, technology-enabled solutions - payment reminder/collection/subscription collection, process re-engineering, transaction monitoring systems, ERP implementation and maintenance, application development - customer relationship management, web chat services, application/transaction processing, debt collection, sales & lead generation, customer support, business process outsourcing (BPO) / business process management (BPM), knowledge process consulting, contact center, and customer acquisition services.
The company's clients include Acko General Insurance Limited, Ola Financials Services Pvt Ltd, Metis Eduventures Pvt Ltd, National Health Authority (Government), Reliance Nippon Life Insurance Company Ltd, Class 21A Technologies Pvt Ltd, Acko Technology & Services Pvt ltd, Girnar Finserv Pvt ltd, Gaadi web Private Limited, and G C web ventures Pvt Ltd.
As of December 31, 2023, the company had a total of 780 full-time employees.
Enser Communications Limited's revenue increased by 53.63% and profit after tax (PAT) rose by 105.42% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,799.26 | 1,383.92 | 870.42 | 662.41 |
| Revenue | 1,815.89 | 2,590.97 | 1,686.47 | 961.30 |
| Profit After Tax | 213.98 | 160.06 | 77.92 | -11.74 |
| Net Worth | 653.24 | 394.78 | 234.71 | 156.78 |
| Reserves and Surplus | 652.17 | 393.78 | 233.71 | 155.78 |
| Total Borrowing | 709.09 | 631.88 | 309.37 | 276.92 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Enser Communications IPO is Rs 61.01 Cr.
KPI as of September 30, 2023.
| KPI | Values |
|---|---|
| ROE | 32.76% |
| ROCE | 34.61% |
| RoNW | 32.76% |
| P/BV | 6.46 |
| PAT Margin (%) | 213.98 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.5 | 4.91 |
| P/E (x) | 28.02 | 14.26 |
The company intends to utilize the funds for the following objects:
[Dilip Davda] The company is operating in a highly competitive field of communication related services and equipment providing. This segment is highly competitive and fragmented. Based on FY24 super earnings, the issue appears fully priced. Well-informed/cash surplus investors may park funds for the long term rewards. Read detail review...
The Enser Communications IPO is subscribed 7.29 times on March 19, 2024 6:21:00 PM. The public issue subscribed 10.92 times in the retail category, times in the QIB category, and 3.64 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 3.64 |
| Retail | 10.92 |
| Total | 7.29 |
Total Application : 5,983 (5.18 times)
| Listing Date | March 22, 2024 |
| BSE Script Code | |
| NSE Symbol | ENSER |
| ISIN | INE0R9I01013 |
| Final Issue Price | ₹70 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹70.00 |
| ₹72.00 |
| ₹68.50 |
| ₹74.00 |
| ₹70.10 |
Enser Communications Limited
5 th Floor, 501-506,
Arihant Aura Turbhe,
Navi Mumbai, Sanpada Thane - 400703
Phone: 0124-4258077
Email: solutions@enser.co.in
Website: http://www.enser.co.in/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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Enser Communications IPO is a SME IPO of 2,310,000 equity shares of the face value of ₹10 aggregating up to ₹16.17 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 2000 Shares.
The IPO opens on March 15, 2024, and closes on March 19, 2024.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Enser Communications IPO using UPI as a payment gateway. Zerodha customers can apply in Enser Communications IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Enser Communications IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Enser Communications IPO opens on March 15, 2024 and closes on March 19, 2024.
Enser Communications IPO lot size is 2000 Shares, and the minimum amount required is ₹140,000.
You can apply in Enser Communications IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Enser Communications IPO will be done on Wednesday, March 20, 2024, and the allotted shares will be credited to your demat account by Thursday, March 21, 2024. Check the Enser Communications IPO allotment status.
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NSE Code:-23233
Symbol:-ENSER
Group:-ST
ISIN:-INE0R9I01013
Issue Price:-70/-
Market Lot:-2000 Shares
Face Value:-10/-
Listing At:-NSE SME