ENS Enterprises IPO GMP, Date, Price Band & Review

ENS Enterprises IPO Details

ENS Enterprises IPO is a 100% book-built fresh issue of up to 36,02,400 equity shares of face value ₹10 each, aggregating up to ₹33.14 crore, to be listed on the BSE SME platform. The price band is fixed at ₹87–₹92 per equity share. The company filed its Draft Red Herring Prospectus (DRHP) with the exchange on November 1, 2025 and has now finalised its SME listing schedule following regulatory approval.

The issue is a pure fresh capital raise with no offer for sale (OFS) component. The IPO will be open for subscription from August 14 to 18, 2026 on the BSE SME platform, with anchor investor bidding scheduled for August 13, 2026. The tentative listing date is fixed as August 21, 2026. The book-running lead manager of the issue is Corporate Makers Capital Limited, while the registrar to the issue is Abhipra Capital Limited.

ENS Enterprises IPO Date & Timeline

The ENS Enterprises IPO is officially set to open for subscription on August 14, 2026 and will close on August 18, 2026. The company initially filed its DRHP on November 1, 2025 and has now finalised its schedule following regulatory approval. Once the subscription window closes, the basis of allotment is expected to be finalised on August 19, 2026. Following this, the firm will initiate refunds and credit shares to successful investors’ demat accounts on August 20, 2026. Finally, shares of ENS Enterprises Ltd. are tentatively scheduled to list on the BSE SME platform on August 21, 2026.

ENS Enterprises IPO GMP

“Grey Market Premium” or GMP is defined as the rate at which the IPO’s shares are traded in the market before they are officially listed on the stock exchange.

The ENS Enterprises IPO GMP is currently trading at ₹4, reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹81, which is 4.35% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.

Company Background

ENS Enterprises Ltd. is a Noida-based technology solutions provider, incorporated in January 2016, specialising in end-to-end digital commerce enablement, software development, cloud services and DevOps management solutions. The company’s registered office is at B-16, 2nd Floor, Sector – 63, Gautam Buddha Nagar, Noida, Uttar Pradesh – 201301.

Over the years, ENS Enterprises has built capabilities across digital commerce platforms, IT infrastructure consulting, cloud operations and managed DevOps services, catering to domestic and international clients across 12+ countries with a team of 140+ professionals. The company’s conversion into a public limited entity and pursuit of an SME listing on BSE SME marks its next phase of growth, brand consolidation and access to public capital for scaling operations.

Operations and Product Range

ENS Enterprises Ltd. operates as a focused player in the IT services and digital transformation segment, engaged in providing comprehensive technology solutions for enterprises, SMEs and government initiatives. The company’s service and solution portfolio primarily includes:

• • Digital commerce enablement: Design, development and management of e-commerce platforms, omnichannel retail solutions and digital customer workflows.
• • Software development & IT consulting: Custom software products, enterprise application integration, and IT infrastructure advisory.
• • Cloud services & DevOps management: Cloud migration, cloud operations, CI/CD pipeline setup, automation and managed DevOps services.
• • Value-added services: Ongoing maintenance, support, security hardening and performance optimisation for digital platforms.

The company leverages proprietary automation tools and tailored software products to streamline digital operations for fast-growing global and domestic enterprises, with a significant portion of revenue from India and a growing presence in the US, Japan, Singapore, the UK and Canada.

Facilities and Capacity

The main operational hub of ENS Enterprises Ltd. is its office and delivery centre in Noida, Uttar Pradesh. The company runs a project-led, remote-delivery business model, where product, engineering and delivery teams work from its Noida facility, while execution happens for clients across India and overseas.

To support planned growth, the IPO proceeds are earmarked primarily for product enhancement, manpower hiring, IT infrastructure upgrades and repayment of borrowings, enabling the company to undertake larger and more complex digital transformation projects, expand its talent base and strengthen its technology stack.

Brands and Market Presence

ENS Enterprises operates under its corporate brand “ENS Enterprises” in the digital commerce and IT services space. The company serves a diversified set of clients across retail, BFSI, manufacturing and public sector, with a strong presence in India and project execution experience across the US, Japan, Singapore, the UK and Canada.

While the company’s current footprint is concentrated in India, it aims to leverage the public listing to strengthen its brand visibility, enhance credibility with large enterprise customers and explore new geographies and sectors over time. Its go-to-market approach relies on direct relationships with enterprise clients, repeat orders and referrals from existing customers.

Revenue Streams and Business Model

The main source of income for ENS Enterprises is generated from the sale of digital commerce enablement, software development, cloud services and DevOps management solutions marketed under the “ENS Enterprises” brand. The company operates on a project and managed-services model, where it wins contracts, designs and executes technology solutions, and recognises revenue as per project milestones and ongoing service contracts.

Revenue growth has been driven by increasing order wins, execution of larger digital transformation projects and expanding relationships with existing enterprise clients. As an SME, the company benefits from a relatively lean cost structure, close promoter oversight of operations and working capital, and the ability to pivot quickly to emerging technology opportunities.

Financial Performance

ENS Enterprises Ltd. has reported strong growth in revenue and profitability over the recent fiscals, underpinned by higher order inflows and improved project execution.

For FY26, the company reported total income of ₹51.77 crore and profit after tax (PAT) of ₹8.40 crore, up from ₹28.62 crore and ₹3.70 crore in FY25. Revenue from operations stood at ₹51.37 crore in FY26, compared with ₹28.36 crore in FY25. EBITDA stood at ₹11.71 crore in FY26, compared with ₹5.48 crore in FY25, with EBITDA margins improving to 22.78% in FY26 from 19.35% in FY25.

The company has demonstrated healthy returns on capital, with reported ROCE of about 84.51% and ROE of 62.01% as of March 31, 2025, indicating efficient capital use for an SME in the technology services space. The balance sheet is conservatively leveraged, with total borrowings of around ₹1.20 crore as of FY25.

Driven by a growing order book and better capacity utilisation, the company’s profitability has improved, with net margins supported by disciplined project costing and efficient working capital management.

Management and Shareholding

ENS Enterprises Ltd. is led by its core promoters, including Mr. Manish Kumar Srivastava, Mr. Avinash Kumar Singh and Mr. Anupam Kumar Srivastava, who hold a significant majority of the company’s equity before the public issue. The IPO is a 100% fresh issue, so post-listing, the promoters’ stake will be diluted in proportion to the new shares issued, but they will continue to retain control over management and strategic decisions.

The pre-IPO shareholding structure is concentrated with promoters and a small set of shareholders, which is typical for SME issuers. Post-IPO, public shareholders will hold up to 36,02,400 new equity shares issued through the fresh issue. Promoter holding pre-IPO is around 75%, as per RHP summaries.

Board and Key Management

The board of ENS Enterprises Ltd. comprises executive and non-executive directors who collectively oversee governance, strategy and operations. The promoters provide strategic direction and overall leadership, while other executive directors focus on execution, business development and operational oversight. The board also includes other directors and non-executive independent directors who ensure strong corporate governance and independent oversight.

Together, this leadership team leverages its experience in digital commerce, software development, cloud operations and project execution to scale the “ENS Enterprises” brand, optimise project delivery and expand the company’s market reach across domestic and international segments.