Enser Communications Limited IPO is set to launch on 15 March, 2024. The company initiated its business operations in 2008. It caters its services as Business Process Management to various sectors. The company works into various industries such as e-commerce, insurance, travel sectors and education. It has 4 business verticals including customer services, customer acquisition services, Data management services and IT infrastructure management services.
Enser Communications Limited IPO DETAILS
Enser Communications Limited IPO is set to launch on 15 March, 2024. The subscription timeline extends till 19 March, 2024. The size for the IPO is 16.17 Crore Rs. Shares issued through fresh issue mode are worth Rs 16.17 Crore. No shares are issued through offer for sale mode. The lot size is 2000 shares and the price is 70 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Fixed Price Issue. The registrar for the company is Skyline Financial Services Private Limited.
Tabular Description of Enser Communications Limited IPO
| IPO OPENING DATE | 15 March, 2024 |
| CLOSING DATE FOR IPO | 19 March, 2024 |
| ISSUE TYPE | Fixed Price Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 70 Rs per share |
| LOT SIZE | 2000 shares |
| MINIMUM ORDER QUANTITY | 2000 shares |
| ISSUE SIZE | 16.17 Crore Rs. |
| OFFER FOR SALE | No shares are issued through offer for sale mode |
| FRESH ISSUE | 16.17 Crore Rs. |
| LISTING AT | NSE SME |
| LISTING DATE | 22 March, 2023 |
Enser Communications Limited IPO: IMPORTANT DATES
| IPO OPENING DATE | 15 March, 2024 |
| CLOSING DATE FOR IPO | 19 March, 2024 |
| IPO ALLOTMENT DATE | 20 March, 2024 |
| REFUNDS | 21 March, 2024 |
| DEMAT A/C CREDITED ON | 21 March, 2024 |
| IPO LISTING DATE | 22 March, 2024 |
Enser Communications Limited IPO begins for subscription from 15 March, 2024. The IPO subscription would continue till 19 March, 2024. The allotment status for the shareholders who applied would come on 20 March, 2024. The refunds for the ones who did not get allotment would be initiated on 21 March, 2024. The DEMAT accounts of shareholders would be credited on 21 March, 2024. The listing of the company would be completed on 22 March, 2024.
Enser Communications Limited IPO: Lead Managers
The lead managers are :
- Fast Track Finsec Private Limited
The minimum lot size for the company is decided at 2000 shares. This holding accounts to 140000 Rs.. The maximum lot size is decided at 4000 shares (HNI). This amounts to 280000 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 1400 shares | 140000 Rs. |
| Maximum | 2800 shares | 280000 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2020-21 | 2021-22 | 2022-23 |
| Asset | 662 | 870 | 1383 |
| Revenue | 961 | 1686 | 2590 |
| PAT | (-11) | 77 | 160 |
Enser Communications Limited had an asset base of 662 Lakh Rs in the year 2021. The next year the company’s asset base increased by 208 Lakh Rs to 870 Lakh Rs. This is an increase of more than 30%. In the year 2023 the asset base of the company was at 1383 lakh Rs which is an increase of more than 58%.
The revenue of the firm in the year 2021 was at 961 Lakh. This boosted to a mighty 1686 Lakh Rs in the year 2022. This is an increase of more than 75% than the previous year. Rge revenue of the firm in the year 2023 was at 2590 Lakh Rs which signals an increase of more than 53% in the revenue figures in comparison to 2022.
The profit of Enser Communications Ltd was 77 Lakh Rs in the year 022. However in 2021 the company was suffering from a loss of 11 Lakh Rs. Hence in 2022 it got profitable. After that in the year 2023 the profit of the company boosted to 160 Lakh Rs.
PROS
- It caters its services as Business Process Management to various sectors.
- The company works into various industries such as e-commerce, insurance, travel sectors and education.
- It has 4 business verticals including customer services, customer acquisition services, Data management services and IT infrastructure management services.
Enser Communications Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Enser Communications Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
