13-Mar-2024
2 mins read
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Enser Communications IPO is open for subscription starting from Friday, March 15, 2024, and will close on Tuesday, March 19, 2024. The price of the latest IPO is decided at Rs 70 per share. The minimum lot size of this application for the retail category is 2000 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 4000 shares. The minimum amount of investment required for retail category investors is Rs 1,40,000 (70 x 2000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,80,000 (70 x 4000 shares). Enser Communications IPO is a fixed price issue of Rs 16.17 crores. This upcoming IPO issue is completely a fresh issue of 23.1 lakh equity shares. The offer for sale component is not available in this issue. The allotment for this new IPO is expected to be finalised on Wednesday, March 20, 2024. Enser Communications IPO will be listed on NSE SME, and the listing date is fixed on Friday, March 22, 2024. The book-running lead manager of Enser Communications IPO is Fast Track Finsec Private Limited. The registrar for this IPO is Skyline Financial Services Private Limited. The market maker of this IPO is BN Rathi Securities.
About Enser Communications Limited Company Profile
Enser Communications Limited company incorporated in 2008, engaged in offering Business Process Management services to companies in various sectors like insurance, commerce, education and travel sectors. Company had four main business verticals: Customer acquisition services, Customer services, Information technology infrastructure management services, Data management services. Enser Communications provides services like business analytics, CRM, Interactive voice response system, customer interaction management solution, ERP implementation, application development, web chat services and many other technology related services. The clients include Acko General Insurance Limited, Ola Financial Services Private Limited. National Health Authority, Reliance Nippon Life Insurance Limited, Class 21A Technologies Private Limited. Acko Technology and Services Private Limited. GC web ventures Private Limited. As per record on 31 December 2023, the company had 780 full time employees.
Objectives of Enser Communications IPO
The amount received from this Initial public offering is likely to be used in the investment in IT infrastructure development. Moreover, the funds will also be utilised to meet the working capital requirements of the company. Other than this, general corporate purposes will be fulfilled.
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Financials of Enser Communications Limited (Amt in Rs Lakhs)
Enser Communications reported a revenue of Rs 1,815.89 lakhs and net profit of Rs 213.98 lakhs for the quarter ended on September 30, 2023. The company revenue increased by 53.63% and profit after tax increased by 105.42% between the FY ending with 31 March 2023 and 31 March 2022.
| Period Ended | 30-Sep-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 1,799.26 | 1,383.92 | 870.42 | 662.41 |
| Revenue | 1,815.89 | 2,590.97 | 1,686.47 | 961.3 |
| 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 |
Other Important Details of Enser Communications IPO
| IPO Date | March 15, 2024 to March 19, 2024 |
| Listing Date | 22-Mar-24 |
| Face Value | Rs 10 per share |
| Price | Rs 70 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 2,310,000 shares amounting to Rs 16.17 crore |
| Fresh Issue | 2,310,000 shares amounting to Rs 16.17 crores |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 6,406,059 |
| Shareholding post issue | 8,716,059 |
| Market Maker portion | 118,000 shares |
Time-Table of Enser Communications IPO
| 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 date for UPI mandate | 5 PM on March 19, 2024 |
Lot Size of Enser Communications IPO
| Application | Lots | Shares | Amount |
| Retail -minimum | 1 | 2000 | Rs 140,000 |
| Retail - maximum | 1 | 2000 | Rs 140,000 |
| HNI- minimum | 2 | 4,000 | Rs 280,000 |
IPO Reservation of Enser Communications Limited
| Investor Category | Shares Offered |
| Retail | 50 percent of the Net issue |
| Others | 50 percent of the Net issue |
Key Performance Indicator of Enser Communications Limited IPO
| KPI | Values |
| ROE | 32.76% |
| ROCE | 34.61% |
| RoNW | 32.76% |
| P/BV | 6.46 |
| PAT Margin | 213.98% |
EPS and P/E Ratio Post IPO
| Pre IPO | Post IPO | |
| EPS (Rs) | 2.5 | 4.91 |
| P/E | 28.02 | 14.26 |
Lead Manager(s) of Enser Communications IPO
The lead manager for Enser Communications IPO is Fast Track Finsec Private Limited.
How do you apply for the Enser Communications IPO?
Wait for the public issue to open for subscription, then click here to apply for the Enser Communications Limited IPO with Bigul.
How do you check the allotment status of Enser Communications IPO?
The registrar for Enser Communications IPO is Skyline Financial Services Private Limited. To check your allotment status, please click here.
FAQs
1. What is Enser Communications IPO?
Enser Communications IPO is a fixed price issue of Rs 16.17 crores. This upcoming IPO issue is completely a fresh issue of 23.1 lakh equity shares. The offer for sale component is not available in this issue.
2. Who are the lead managers for the Enser Communications Limited IPO?
Fast Track Finsec Private Limited is appointed as the lead manager for the IPO.
3. What is the role of Skyline Financial Services Private Limited in this IPO?
Skyline Financial Services Private Limited is the registrar for Enser Communications Limited, handling the IPO's administrative aspects.
4. How can I apply for the Enser Communications IPO?
The public subscription of this new IPO will open on March 15, 2024. Click here to initiate the application process.
5. How will the net proceeds from the IPO be utilised?
The amount received from this Initial public offering is likely to be used in the investment in IT infrastructure development. Moreover, the funds will also be utilised to meet the working capital requirements of the company. Other than this, general corporate purposes will be fulfilled.
6. How can I check the allotment status of the IPO?
Investors who applied can check the allotment status of the Enser Communications Limited IPO 2024 by visiting here.
7. What is the financial performance of Enser Communications Limited?
Enser Communications reported a revenue of Rs 1,815.89 lakhs and net profit of Rs 213.98 lakhs for the quarter ended on September 30, 2023. The company revenue increased by 53.63% and profit after tax increased by 105.42% between the FY ending with 31 March 2023 and 31 March 2022.
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