IPO Issue Details
Issue Price / Price Band₹70 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size2,000 Shares per Lot
Total Issue Size23,10,000 shares (aggregating up to ₹16.17 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenFri, 15 Mar 2024
Subscription CloseTue, 19 Mar 2024
Anchor AllotmentThu, 14 Mar 2024
Basis of AllotmentWed, 20 Mar 2024
Initiation of RefundsThu, 21 Mar 2024
Credit of Shares to DematThu, 21 Mar 2024
Listing DateFri, 22 Mar 2024
UPI Mandate Deadline2024-03-19
Application & Investment Details
Retail — Min (1 Lots)₹1,40,000 — 2,000 shares
Retail — Max (13 Lots)₹1,820,000 (13 Lots)
HNI — Min (2 Lots)₹2,80,000 — 4,000 shares
EPS (Pre-IPO)₹2.50
EPS (Post-IPO)₹4.91
P/E Ratio (Pre-IPO)28.02x
P/E Ratio (Post-IPO)14.26x
Net Offer to Public21,92,000 shares (aggregating up to ₹15.34 Cr)
Reserved for Market Maker1,18,000 shares (aggregating up to ₹0.8260 Cr)
Pre-IPO Promoter Holding64,06,059 shares
Post-IPO Promoter Holding87,16,059 shares
About Enser Communications Ltd
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 ServicesCustomer servicesIT infrastructure management servicesData management servicesUnder 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.
Objects of the Issue
Enser Communications Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
To invest in IT Infrastructure;
2
To meet the Working Capital requirements of the Company;
3
To meet the General Corporate Purposes; and
4
To meet the Issue Expenses.
Shareholding & Lock-in
Pre-IPO Promoter Holding
64,06,059 shares
Post-IPO Promoter Holding
87,16,059 shares