Enser Communications Limited

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.