What you should know about Enser Communications IPO?
by 5paisa Research Team
14 Mar 2024
Listing Details
- Listing Exchange NSE SME
- Listing Date 22-Mar-24
- IPO Price Range ₹ 70
- Listing Price ₹ 72
- Listing Change 2.9%
- Last Traded Price ₹ 281.7
- Current Change 302.4%
Enser IPO Details
- Open Date 15-Mar-24
- Close Date 19-Mar-24
- Lot Size 2000
- IPO Size ₹ 16.17 Cr
- IPO Price Range ₹ 70
- Min Investment ₹ 140000
- Listing Exchange NSE SME
- Basis of Allotment 20-Mar-24
- Refunds 21-Mar-24
- Credit to Demat Account 21-Mar-24
- Listing Date 22-Mar-24
Enser Communications IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 15-Mar-24 | - | 0.59 | 1.87 | 1.22 |
| 18-Mar-24 | - | 1.36 | 5.46 | 3.41 |
| 19-Mar-24 | - | 3.64 | 10.91 | 7.28 |
Enser IPO Synopsis
Enser Communications Limited IPO is all set to open from 15th March to 19th March 2024. It is a Business Process Management Platform company. The IPO includes a fresh issue of 2,310,000 shares worth ₹16.17 cr. The share allotment date is 20th March 2024, and the IPO will be listed on 22nd March 2024 on the stock exchanges. The price band is ₹70 and the lot size is 2000 shares.
Fast Track Finsec Private Limited is the book-running lead manager for this IPO, while Skyline Financial Services Private Limited is the registrar.
Objectives of Enser Communications IPO:
Enser Communications Limited plans to utilize the raised capital from the IPO to:
● To fund the investment in IT infrastructure.
● For working capital requirements.
● General corporate purposes.
● To fund the issue expenses.
About Enser Communications
Established in 2008, Enser Communications Limited is a Business Process Management Platform company. The company offers services related to voice, chat, email, IVRS, and other social media engagements for customer acquisition as well as customer service strategies. It has expertise in Client Interaction Management.
Some of the services offered by the company are:
● Business Analytics
● Customer Relationship Management (CRM)
● Interactive Voice Response Systems (IVRS)
● Customer Interaction Management solutions
Enser has clients in various industries like Insurance, E-commerce, Edtech, Hospitality and Travel. Some of its popular clients are Acko General Insurance, Reliance Nippon, Ola Financial Services, India Lends, Doubtnut, Cordellia Cruises, Mahindra Holidays, etc.
Peer Comparison
● One Point One Solutions Limited
● Hinduja Global Solutions Limited
● Eclerx Services Limited
For More Information:
Webstory on Enser Communications IPO
Enser Communications Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 25.90 | 16.86 | 9.61 |
| EBITDA | 3.07 | 2.14 | 0.66 |
| PAT | 1.60 | 0.78 | -0.12 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 13.83 | 8.70 | 6.62 |
| Share Capital | 0.01 | 0.01 | 0.01 |
| Total Borrowings | 9.89 | 6.35 | 5.05 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -2.29 | 1.62 | 0.88 |
| Net cash from / (used in) investing activities | -0.96 | -0.38 | -1.38 |
| Net cash flow from / (used in) financing activities | 2.66 | -0.15 | -1.54 |
| Net increase (decrease) in cash and cash equivalents | -0.59 | 1.09 | -2.03 |
Enser IPO Key Points
-
Strengths
1. It has a vast client base.
2. The company invests in creativity, People and Operational Excellence.
3. The company is focusing on strategic expansion.
4. It also has Customized IT Infrastructure and State-of-the-art Management Information Systems along with a Diverse Service Portfolio.
5. The company’s management team is well-experienced.
-
Risks
1. Any change in technology can impact the business.
2. The business is subject to volatility.
3. The company is dependent on revenues from Business Process Management and Customer Interaction Management Services.
4. It has reported negative cash flows in the past.
5. It has also reported negative PAT in the past.
Enser
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Enser IPO FAQs
When does the Enser Communications IPO open and close?
Enser Communications IPO opens from 15th March to 19th March 2024.
What is the size of the Enser Communications IPO?
The size of Enser IPO is ₹16.17 cr.
How to apply for the Enser Communications IPO?
To apply for Enser IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Enser Communications IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the price band of Enser IPO?
The price band of Enser IPO is fixed at ₹70 per share.
What is the minimum lot size and investment required for the Enser Communications IPO?
The minimum lot size of Enser IPO is 2000 shares and the investment required is ₹1,40,000.
What is the allotment date of the Enser Communications IPO?
The share allotment date of Enser IPO is 20th March 2024.
What is the Enser Communications IPO listing date?
The Enser IPO will be listed on 22nd March 2024.
Who are the book runners for the Enser Communications IPO?
Fast Track Finsec Private Limited is the book-running lead manager for Enser IPO.
What is the objective of the Enser Communications IPO?
Enser Communications plans to utilize the raised capital from the IPO to:
1. To fund the investment in IT infrastructure.
2. For working capital requirements.
3. General corporate purposes.
4. To fund the issue expenses.
Contact Details of Enser Communications IPO
Contact Information
Enser Communications Limited
5 th Floor, 501-506,
Arihant Aura Turbhe,
Navi Mumbai, Sanpada Thane - 400703
Phone: 0124-4258077
Email: solutions@enser.co.in
Website: http://www.enser.co.in/
Enser Communications IPO Register
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Enser Communications IPO Lead Manager
Fast Track Finsec Pvt Ltd.
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