Enser Communications Limited IPO Detail
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.
Company Promoters
Mr. Harihara Subramanian Iyer, Mr. Rajnish Omprakash Sarna, Mrs. Gayatri Rajnish Sarna and Mrs. Sindhu Saseedharan NairIPO Details
| IPO Opening Date | Mar 15, 2024 |
| IPO Closing Date | Mar 19, 2024 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹70 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹16.17 Cr |
| Fresh Issue | ₹16.17 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | 0.00x | 0.00x | 0.59x | 1.87x | 1.23x |
| Day 2 | 0.00x | 0.00x | 0.00x | 1.36x | 5.46x | 3.41x |
| Day 3 | 0.00x | 0.00x | 0.00x | 3.64x | 10.92x | 7.29x |
IPO Tentative Timetable
The Enser Communications Limited IPO open date is Mar 15, 2024, and the close date is Mar 19, 2024. The issue may list on Mar 22, 2024.
| IPO Open Date | Mar 15, 2024 |
| IPO Close Date | Mar 19, 2024 |
| Basis of Allotment Date | Mar 20, 2024 |
| Initiation of Refunds | Mar 21, 2024 |
| Credit of Shares to Demat Account | Mar 21, 2024 |
| IPO Listing Date | Mar 22, 2024 |
IPO Lot Size
The Enser Communications Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹140000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹140000 |
| Maximum | 1 | 2000 | ₹140000 |
IPO Promoter Holding
| Pre Issue Share Holding | 90.13% |
| Post Issue Share Holding | 66.25% |
Company Financials:
For the year/period ended (₹ in Cr.)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 662.41 | 961.30 | -11.74 |
| 31-Mar-22 | 870.42 | 1686.47 | 77.92 |
| 31-Mar-23 | 1383.92 | 2590.97 | 160.06 |
| 31-Oct-23 | 1799.26 | 1815.89 | 213.98 |
Objects of the Issue:
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 Limited IPO Registrar:
Skyline Financial Services Private Ltd
Enser Communications Limited IPO Lead Manager(s):
Fast Track Finsec Pvt Ltd
Company Contact Information:
Enser Communications Limited
5 th Floor, 501-506,
Arihant Aura Turbhe,
Navi Mumbai, Sanpada Thane - 400703
