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Enser Communications IPO is a fixed price issue of ₹16.17 crores. The issue is entirely a fresh issue of 0.23 crore shares of ₹16.17 crore.
Enser Communications IPO bidding started from Mar 15, 2024 and ended on Mar 19, 2024. The allotment for Enser Communications IPO was finalized on Mar 20, 2024. The shares got listed on NSE SME on Mar 22, 2024.
Enser Communications IPO price is ₹70.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,40,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,80,000.
Fast Track Finsec Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is B.N.Rathi Securities Ltd..
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 |
| Issue Price Band | |
| Issue Price Final | ₹70 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 23,10,000 shares (aggregating up to ₹16.17 Cr) |
| Reserved for Market Maker | 1,18,000 shares B.N.Rathi Securities Ltd. (aggregating up to ₹0.8260 Cr) |
| Net Offered to Public | 21,92,000 shares (aggregating up to ₹15.34 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 64,06,059 shares |
| Share Holding Post Issue | 87,16,059 shares |
Enser Communications IPO offers total 23,10,000 shares. Out of which 10,96,000 (47.45%) allocated to NII, 10,96,000 (47.45%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,18,000 (5.11%) |
| NII (HNI) Shares Offered | 10,96,000 (47.45%) |
| Retail Shares Offered | 10,96,000 (47.45%) |
| Total Shares Offered | 23,10,000 (100.00%) |
Enser Communications IPO opens on March 15, 2024, and closes on March 19, 2024.
| IPO Open Date | Fri, Mar 15, 2024 |
| IPO Close Date | Tue, Mar 19, 2024 |
| Tentative Allotment | Wed, Mar 20, 2024 |
| Initiation of Refunds | Thu, Mar 21, 2024 |
| Credit of Shares to Demat | Thu, Mar 21, 2024 |
| Tentative Listing Date | Fri, Mar 22, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Mar 19, 2024 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,40,000 |
| Retail (Max) | 1 | 2,000 | ₹1,40,000 |
| HNI (Min) | 2 | 4,000 | ₹2,80,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 |
| Total Income | 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 ₹61.01 Cr.
KPI as of Sat, Sep 30, 2023.
| KPI | Values |
|---|---|
| ROE | 32.76% |
| ROCE | 34.61% |
| RoNW | 32.76% |
| PAT Margin | 213.98% |
| Price to Book Value | 6.46 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 2.50 | 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...
| Listing Date | March 22, 2024 |
| BSE Script Code | |
| NSE Symbol | ENSER |
| ISIN | INE0R9I01013 |
| Final Issue Price | ₹70 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹70.00 |
| Open | ₹72.00 |
| Low | ₹68.50 |
| High | ₹74.00 |
| Last Trade | ₹70.10 |
Enser Communications Ltd.
5 th Floor, 501-506,
Arihant Aura Turbhe,
Sanpada Thane
Navi Mumbai, Maharashtra, 400703
Phone: 0124-4258077
Email: solutions@enser.co.in
Website: http://www.enser.co.in/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Enser Communications IPO is a SME IPO of 23,10,000 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.
The IPO opens on March 15, 2024, and closes on March 19, 2024.
Skyline Financial Services Pvt.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, and the minimum amount required for application is ₹1,40,000.
You can apply in Enser Communications IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Enser Communications IPO listing date is on Friday, March 22, 2024.
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