Fixed Price IPO | ₹16 Cr | Listed at NSE SME | Fri, Mar 15, 2024 - Tue, Mar 19, 2024
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Mar 15, 2024
IPO Close
Tue, Mar 19, 2024
Issue Price
₹70 per share
Market Cap (Pre-IPO)
₹61.01 Cr
| IPO Date | 15 to 19 Mar, 2024 |
| Listed on | Fri, Mar 22, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹70 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 23,10,000 shares (agg. up to ₹16 Cr) |
| Reserved for Market Maker | 1,18,000 shares B.N.Rathi Securities Ltd. (agg. up to ₹0.8260 Cr) |
| Fresh Issue (Ex Market Maker) | 21,92,000 shares (agg. up to ₹15 Cr) |
| Net Offered to Public | 21,92,000 shares (agg. up to ₹15 Cr) |
| Share Holding Pre Issue | 64,06,059 shares |
| Share Holding Post Issue | 87,16,059 shares |
| NSE Symbol | ENSER |
| ISIN | INE0R9I01013 |
Enser Communications IPO comprises a total issue size of 23,10,000 shares. The net offer to the public is 21,92,000 shares, after excluding 1,18,000 shares allotted on a firm basis. Of the Net offer 10,96,000 (50.00%) allocated to NII 10,96,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 10,96,000 | 50.00% | 47.45% |
| Retail Shares Offered | 10,96,000 | 50.00% | 47.45% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,18,000 | 5.11% | |
| Total Shares Offered | 23,10,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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 |
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.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 17.99 | 13.84 | 8.70 | 6.62 |
| Total Income | 18.16 | 25.91 | 16.86 | 9.61 |
| Profit After Tax | 2.14 | 1.60 | 0.78 | -0.12 |
| NET Worth | 6.53 | 3.95 | 2.35 | 1.57 |
| Reserves and Surplus | 6.52 | 3.94 | 2.34 | 1.56 |
| Total Borrowing | 7.09 | 6.32 | 3.09 | 2.77 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up of new service unit | 7.25 |
| 2 | Working Capital Requirement | 4.37 |
| 3 | General Corporate Purposes | 3.85 |
| KPI | Sep 30, 2023 |
|---|---|
| ROE | 32.76% |
| ROCE | 34.61% |
| RoNW | 32.76% |
| PAT Margin | 213.98% |
| Price to Book Value | 6.46 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.50 | 4.91 |
| P/E (x) | 28.02 | 14.26 |
| Promoter Holding | 90.13% | 66.25% |
| Market Cap | ₹61.01 Cr. |
The Enser Communications IPO is subscribed 7.29 times on March 19, 2024 6:21:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 3.64 | 10,96,000 | 39,90,000 |
| Retail | 10.92 | 10,96,000 | 1,19,64,000 |
| Total | 7.29 | 21,92,000 | 1,59,76,000 |
Total Application : 5,983
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees including underwriting commission. | 0.20 |
| 2 | Brokerage, selling commission and upload fees | 0.04 |
| 3 | Registrars to the issue | 0.01 |
| 4 | Legal Advisors | 0.01 |
| 5 | Printing, advertising and marketing expenses | 0.03 |
| 6 | Regulators including stock exchanges | 0.11 |
| 7 | Others, if any (Advisors to the company, Peer Review Auditors, and other misc. expenses like printing & stationery etc.) | 0.30 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹70.00 |
| Open | ₹72.00 |
| Low | ₹68.50 |
| High | ₹74.00 |
| Last Trade | ₹70.10 |
Lead Manager Reports
Enser Communications IPO is a SME IPO of 23,10,000 equity shares of the face value of ₹10 aggregating up to ₹16 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 2000.
The IPO opens on Fri, Mar 15, 2024, and closes on Tue, Mar 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 Fri, Mar 15, 2024 and closes on Tue, Mar 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 Thu, Mar 21, 2024. Check the Enser Communications IPO allotment status.
The Enser Communications IPO listing date is on Fri, Mar 22, 2024.
