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 | 2,000 Shares |
| Issue Size | 23,10,000 shares (aggregating up to ₹ 16.17 Cr) |
| Listing At | NSE SME |
| Market Maker | B.N. Rathi Securities |
About 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.
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.
Enser Communications IPO Financial Information
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| — | — | — | — | — | |||||
| Amount in ₹ Crore | |||||||||
Enser Communications Key Performance Indicator
| KPI | Values |
|---|---|
| - |
Frequently Asked Questions
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Competitive Strengths
Enser Communications IPO Timeline
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IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
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| — | — | — |