Enser Communications Limited

15 Mar 2024 - 19 Mar 2024 Individual Category SME IPO NSE

Min Investment

₹280000

Price Band

₹70

Issue Size

23.1 lakhs
Equity Shares

Lot Size

2000 (per lot)

IPO Dates
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15 Mar 2024

Open Date

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19 Mar 2024

Close Date

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20 Feb 2024

Allotment Date

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22 Mar 2024

Listing Date

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. 

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About Enser Communications Limited

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. 

Founded

2008

Managing Director

Rajnish Omprakash Sarna

Parent Organization

IPO Objectives

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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