Enser Communications IPO is a fixed price issue of Rs 16.17 crores. The issue is entirely a fresh issue of 23.1 lakh shares.
Enser Communications IPO opens for subscription on March 15, 2024 and closes on March 19, 2024. The allotment for the Enser Communications IPO is expected to be finalized on Wednesday, March 20, 2024. Enser Communications IPO will list on NSE SME with tentative listing date fixed as Friday, March 22, 2024.
Enser Communications IPO price is ₹70 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹140,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹280,000.
Fast Track Finsec Pvt Ltd is the book running lead manager of the Enser Communications IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Enser Communications IPO is B.N. Rathi Securities.
Refer to Enser Communications IPO RHP for detailed information.
Enser Communications IPO Details
| IPO Date | March 15, 2024 to March 19, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹70 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 2,310,000 shares (aggregating up to ₹16.17 Cr) |
| Fresh Issue | 2,310,000 shares (aggregating up to ₹16.17 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 6,406,059 |
| Share holding post issue | 8,716,059 |
| Market Maker portion | 118,000 shares B.N. Rathi Securities |
Enser Communications IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
Enser Communications IPO Timeline (Tentative Schedule)
Enser Communications IPO opens on March 15, 2024, and closes on March 19, 2024.
| IPO Open Date | Friday, March 15, 2024 |
| IPO Close Date | Tuesday, March 19, 2024 |
| Basis of Allotment | Wednesday, March 20, 2024 |
| Initiation of Refunds | Thursday, March 21, 2024 |
| Credit of Shares to Demat | Thursday, March 21, 2024 |
| Listing Date | Friday, March 22, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 19, 2024 |
Enser Communications IPO Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below 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 | ₹140,000 |
| Retail (Max) | 1 | 2000 | ₹140,000 |
| HNI (Min) | 2 | 4,000 | ₹280,000 |
| Lot Size Calculator | |||
Enser Communications IPO Promoter Holding
Mr. Harihara Subramanian Iyer, Mr. Rajnish Omprakash Sarna, Mrs. Gayatri Rajnish Sarna and Mrs. Sindhu Saseedharan Nair are the promoters of the company.
| Share Holding Pre Issue | 90.13% |
| Share Holding Post Issue | 66.25% |
About Enser Communications Limited
Incorporated in 2008, Enser Communications Limited offers Business Process Management (BPM) services to companies in the insurance, e-commerce, education and travel sectors.
Enser has 4 main business verticals:
- Customer Acquisition Services
- Customer services
- IT infrastructure management services
- Data management services
Under these verticals, the company provides business analytics, customer relationship management (CRM), interactive voice response systems (IVRS), customer interaction management solutions, technology-enabled infrastructure development, technology-enabled solutions – payment reminder/collection/subscription collection, process re-engineering, transaction monitoring systems, ERP implementation and maintenance, application development – customer relationship management, web chat services, application/transaction processing, debt collection, sales & lead generation, customer support, business process outsourcing (BPO) / business process management (BPM), knowledge process consulting, contact center, and customer acquisition services.
The company’s clients include 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.
As of December 31, 2023, the company had a total of 780 full-time employees.
Enser Communications Limited Financial Information (Restated)
Enser Communications Limited’s revenue increased by 53.63% and profit after tax (PAT) rose by 105.42% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,799.26 | 1,383.92 | 870.42 | 662.41 |
| Revenue | 1,815.89 | 2,590.97 | 1,686.47 | 961.30 |
| Profit After Tax | 213.98 | 160.06 | 77.92 | -11.74 |
| Net Worth | 653.24 | 394.78 | 234.71 | 156.78 |
| Reserves and Surplus | 652.17 | 393.78 | 233.71 | 155.78 |
| Total Borrowing | 709.09 | 631.88 | 309.37 | 276.92 |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
The market capitalization of Enser Communications IPO is Rs 61.01 Cr.
KPI as of September 30, 2023.
| KPI | Values |
|---|---|
| ROE | 32.76% |
| ROCE | 34.61% |
| RoNW | 32.76% |
| P/BV | 6.46 |
| PAT Margin (%) | 213.98 |
Check Enser Communications IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.5 | 4.91 |
| P/E (x) | 28.02 | 14.26 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2023 that is available in RHP.
Objects of the Issue (Enser Communications IPO Objectives)
The company intends to utilize the funds for the following objects:
- To invest in IT Infrastructure;
- To meet the Working Capital requirements of the Company;
- To meet the General Corporate Purposes; and
- To meet the Issue Expenses.
Enser Communications IPO Review (May apply)
[Dilip Davda] The company is operating in a highly competitive field of communication related services and equipment providing. This segment is highly competitive and fragmented. Based on FY24 super earnings, the issue appears fully priced. Well-informed/cash surplus investors may park funds for the long term rewards. Read detail review…
Enser Communications Limited Contact Details
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 Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.phpV