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01 Nov, 2025
Enser Communications IPO
Enser Communications, a provider of Business Process Management (BPM) services, recently launched its Initial Public Offering (IPO) aiming to raise Rs 16.17 crores through the fresh issue of 23.1 lakh shares. The IPO, priced at ₹70 per share, was available for bidding from March 15, 2024, to March 19, 2024, and subsequently listed on the NSE SME platform on March 22, 2024.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Enser Communications IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Enser Communications IPO Details
| Detail | Description |
|---|---|
| IPO Opening Date | March 15, 2024 |
| IPO Closing Date | March 19, 2024 |
| Listing Date | March 22, 2024 |
| Issue Type | Fixed Price Issue IPO |
| Price | ₹70 per share |
| Lot Size | 2000 Shares |
| Issue Size | 2,310,000 shares (aggregating up to ₹16.17 Cr) |
| Listing At | NSE SME |
| Market Maker | B.N. Rathi Securities |
Enser Communications IPO Timeline
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Enser Communications IPO Lot Size
| Application | Lots | Shares | Amount |
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Enser Communications IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
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Competitive Strength:
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Enser Communications IPO Financial Information
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Key Performance Indicator
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| - | - |
| Pre IPO | Post IPO | |
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| P/E (x) |
Objects of the Issue
The proceeds from the IPO are earmarked for several strategic initiatives, including:
- 1. Investment in IT Infrastructure.
- 2. Meeting Working Capital requirements.
- 3. General Corporate Purposes.
- 4. Covering the Issue Expenses.
IPO Review
Enser Communications operates in a competitive and fragmented communication services sector. The pricing of the IPO, based on FY24 earnings, suggests a fully priced valuation. However, the company's significant growth in revenue and PAT could present an appealing opportunity for well-informed investors or those with surplus cash looking for long-term investments in the BPM services sector.
RHP:
DRHP:
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Frequently asked Questions (FAQs )
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What is the Enser Communications IPO?
The Enser Communications IPO is a fixed price public offer aiming to raise Rs 16.17 crores through the issuance of 23.1 lakh shares, priced at ₹70 per share. It's an entirely fresh issue without any offer for sale component.
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When did the Enser Communications IPO open and close for subscription?
The IPO opened for subscription on March 15, 2024, and closed on March 19, 2024.
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What was the listing date for the Enser Communications IPO?
The shares were listed on the NSE SME platform on March 22, 2024.
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What was the price of each share in the IPO?
Each share was priced at ₹70.
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