Enser Communications Limited IPO
NSE SMEListed On: Mar 22, 2024 at ₹ 72.0
₹ 280000 /4000 Shares
*Min Investment
15 Mar, 2024
Open Date19 Mar, 2024
Close Date20 Mar, 2024
Allotment Date22 Mar, 2024
Listing DateEnser Communications Limited IPO Issue Details
- Issue Price ₹70 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 23,10,000 shares(aggregating up to ₹16.17 crore)
- Fresh Share 23,10,000 shares(aggregating up to ₹16.17 crore)
- Listing at NSE SME
- List Price 72.0
- Listing Date 2024-03-22
- Lead Manager Fast Track Finsec Pvt Ltd
- Registrar Skyline Financial Services Private Ltd
Market Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2000 | ₹1,40,000 |
| Retail(max) | 1 | 2000 | ₹1,40,000 |
| NII (min) | 2 | 4,000 | ₹2,80,000 |
Enser Communications Limited IPO Reservation
Enser Communications Limited IPO offers total 2,310,000 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,1,096,000 (47.45%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | NA (NA%) | |
| Market Maker Shares Offered | 118,000 (5.11%) | |
| Retail Shares Offered | 1,096,000 (47.45%) | |
| Total Shares Offered | 2,310,000 (100%) |
Enser Communications Limited IPO Details
Enser Communications Limited IPO is an SME IPO, priced at ₹70 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 23,10,000 equity shares, aggregating up to ₹16.17 crores..
The IPO bidding window is open from Mar 15, 2024 to Mar 19, 2024. The allotment is expected to be finalized on Mar 20, 2024, and the tentative listing date is Mar 22, 2024.
The minimum lot size for Retail investors is 2000 shares, with a minimum investment of ₹1,40,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,80,000.
Fast Track Finsec Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Skyline Financial Services Private Ltd, and B.N. Rathi Securities Limited will act as the market maker for this issue.
Enser Communications Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,096,000 | 1,096,000 | 2,192,000 |
Day 1 15-03-24 06:00 PM | 0.59 x | 1.87 x | 1.23 x |
Day 2 18-03-24 06:00 PM | 1.47 x | 5.34 x | 3.40 x |
Day 3 19-03-24 06:00 PM | 3.75 x | 10.92 x | 7.33 x |
Enser Communications Limited Valuations
Enser Communications Limited Company Financials
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 1,383.92 | 870.42 | 662.41 |
| Revenue | 2,590.97 | 1,686.47 | 961.30 |
| Profit After Tax | 160.06 | 77.92 | -11.74 |
| Net Worth | 394.78 | 234.71 | 156.78 |
| Reserves & Surplus | 393.78 | 233.71 | 155.78 |
| Total Borrowing | 631.88 | 309.37 | 276.92 |
About Enser Communications Limited Company
Enser Communications Limited is a company incorporated in 2008, offering BPM services to the insurance, e-commerce, education, and travel industries for businesses.
Enser has 4 main business verticals:
Customer Acquisition Services
Customer services
IT infrastructure management services
Data management services
The above verticals also encompass business analytics, customer relationship management (CRM), interactive voice response systems (IVRS), solutions in customer interaction management, and technology-enabled infrastructures. Developments of various solutions include payment reminders or collection/subscription collections, process re-engineering, transaction monitoring systems, ERP implementations and maintenance work for applications, especially for customer relationships and web-based chat services as well as transactions or debt collections. Sales, lead generation services for customers, the same support given for business as also outsourcing or process management, or BPM, include knowledge process consulting and contact centre or customer acquisition services.
The clients of the company are 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.
The company had 780 full-time employees as of December 31, 2023.
Enser Communications Limited - Promoter(s)
Mr. Harihara Subramanian Iyer
Mr. Rajnish Omprakash Sarna
Mrs. Gayatri Rajnish Sarna
Mrs. Sindhu Saseedharan Nair
Pre Issue Share Holding : 90.13%
Post Issue Share Holding : 66.25%
Enser Communications Limited IPO - Issue Objectives
To invest in IT Infrastructure
To meet the Working Capital requirements of the Company
To meet the General Corporate Purposes
To meet the Issue Expenses.
Enser Communications Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Enser Communications Limited | 2.66 | N/A | 6.57 | 26.32 | 0.4 | 10.65 | Standalone |
| One Point One Solutions Limited | 0.47 | N/A | 2.78 | 108.08 | 0.16 | 23.45 | Standalone |
| Hinduja Global Solutions Ltd. | 62.84 | N/A | 839.16 | 16.09 | 0.05 | 1.19 | Standalone |
| Eclerx Services Ltd. | 76.45 | N/A | 241.25 | 33.81 | 0.32 | 11.23 | Standalone |
Notes:
- Considering the nature and turnover of the business of the Company, the peers are not strictly comparable. However, the same has been included for broader comparison.
- The figures for Enser Communications Limited are based on the restated results for the year ended March 31, 2023.
- The figures for the peer group are based on standalone audited results for the respective year ended March 31, 2023.
- The Current Market Price (CMP) is the closing price of the respective scrip as on December 4, 2023.
Contact Details
Enser Communications Limited
5 th Floor, 501-506, Arihant Aura Turbhe, Navi Mumbai, Sanpada Thane - 400703
0124-4258077
Registrar Contact Details
Skyline Financial Services Private Ltd
02228511022
Enser Communications Limited IPO - FAQs
Ans. Enser Communications Limited IPO is a SME IPO. The issue is priced at ₹70 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Mar 15, 2024, and closes on Mar 19, 2024. Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Enser Communications Limited IPO opens on Mar 15, 2024 and closes on Mar 19, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Enser Communications Limited IPO is 2,310,000 shares(aggregating up to ₹16.17 Cr).
Ans. The Enser Communications Limited IPO price band is set between ₹70 per equity share.
Ans. To apply for Enser Communications Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Enser Communications Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Enser Communications Limited IPO is Mar 20, 2024.
Ans. The Enser Communications Limited IPO will be listed on Mar 22, 2024.
Ans. Follow the steps to check the Enser Communications Limited IPO allotment status online.
