Enser Communication IPO – Timeline, Details, Lot Size, Reservation, Apply or not?

The subscription of this IPO opens on 15th March 2024 and closes on 19th March 2024. This company was established in 2008 and offers Business Process Management services to companies in the insurance, education, e-commerce and travel sectors. 

Enser Communication IPO 

The Enser Communication IPO is a fixed price issue of Rs 16.17 Cr. The issue is entirely a new issue of 23.1 lakh shares. 

The allotment for the Enser Communication IPO is expected to be finalised on 20th March 2024. The Enser Communication IPO will list on NSE SME with a tentative listing date fixed as Friday, 22nd March 2024. 

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The price of Enser Communication IPO is Rs 70 per share. The minimum lot size for an application is Rs 2000 shares. The book running lead manager of the Enser Communication IPO is Fast Track Finsec Pvt Ltd. 

Enser Communication IPO Timeline 

IPO Open Date  15th March 2024, Friday 
IPO Close Date  19th March 2024, Tuesday 
Basis of Allotment  20th March 2024, Wednesday 
Refund Initiation Date  21st March 2024, Thursday 
Credit of Shares to Demat  21st March 2024, Thursday 
Listing Date  22nd March 2024, Friday 
Cut-off time for UPI mandate confirmation  5 pm on 19th March 2024

Enser Communications IPO Details 

Face Value  Rs 10 per share 
Price  Rs 70 per share 
Size of Lot  2000 shares 
Total Issue Size  2,310,000 shares (aggregating up to Rs 16.17 crore) 
Fresh Based Issue  2,310,000 shares (aggregating up to Rs 16.17 Crore) 
Issue Type  Fixed Price Issue IPO 
Listing At  NSE SME 
Shareholding Pre Issue  6,406,059
Shareholding Post Issue  8,716,059
Market Maker Portion  118,000 shares 

Enser Communication IPO Lot Size 

For this application the minimum lot size is 2000 shares. The minimum amount of investment needed by retail investors is Rs 140,000. The minimum lot size investment for HNI is 2 lots (4000 shares) amounting to Rs 280,000. 

Enser Communication IPO 

Amount  Lots  Shares  Amount 
Retail Min 1 2000 Rs 140,000
Retail Max  1 2000 Rs 140,000
HN Min  2 4000 Rs 280,000

Enser Communications IPO Reservation 

Investor Category  Shares Offered 
Retail Shares Provided  50% of the net offer 
Others Shares Offered  Same as above 50% statement 

Enser Communication IPO Promoter Holdings 

The various promoters of this IPO are Mr. Harihara Subramanian Lyer, Mr. Rajnish Omprakash Sarna, Mrs. Gayatri Rajnish Sarna and Mrs. Sindhu Saseedharan Nair. 

Shareholding Pre Issue  90.13% 
Shareholding Post Issue  66.25% 

Enser Communications Four Main Business Verticals

The four important business vertices of this IPO are – 

  • Customer services 
  • Customer Acquisition Services  
  • Data management services 
  • IT infrastructure services 

With providing these kinds of services they are able to maintain strong connectivity with clients in various locations for a long time. This leads to increased overall growth of the firm at a higher rate. 

Enser Communication Key Performance Indicator 

KPI  Values 
ROE  32.76% 
ROCE  34.61%
RoNW  32.76%
P/BV 6.46
PAT Margin (%) 213.98

Enser Communication Reviews 

  • Enser Communication Limited is in the business of communication-associated services and supply of equipment. 
  • The company posted a sudden jump in its bottom line financial year 2023  onwards, which raised eyebrows. 
  • The firm is operating in a huge competitive and fragmented segment. 
  • Depending on the financial year 2024 effective earnings, the issue appears fully priced. 
  • The other important review is that companies always try to facilitate their services to customers as per their needs and preferences.  

Apply or Not for Enser Communication IPO?

In my opinion, you surely apply for this IPO because at present the company has a strong financial presence. 

The other reason for suggesting to you is that the company operates their services and other activities in a wide range. 

Due to this revenue growth of this firm will stabilise for a long duration. So that investors do not need to worry about their investment in this IPO in long term 

In conclusion, Enser Communication Company is highly focused on facilitating best and quality-based services and products to their new and existing clients. With help of providing quality-based services organisations is able to sustain their goodwill in the market for a long time. 

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