Enser Communications IPO GMP, Date, Details, Lot Size, Reservation 

Enser Communications has opened the IPO for applications on 15 March 2024. Investors looking to invest in the BPM services industry through Enser can read the article to acquire the details of Enser IPO, GMP, etc., and make informed decisions regarding their investment. 

Enser Communications IPO GMP

The Enser IPO has opened for subscription from 15 March 2024, investors can see the market sentiment towards the IPO through IPO GMP. The Grey Market Premium (GMP) is the variation between the company’s IPO price and its unofficial trading price in the grey market. 

The GMP of Enser Communications is updated with its IPO opening and it is trending to ₹20. 

According to the GMP trend, the estimated listing price of the Enser SME IPO is ₹90 and the expected gain/ loss percentage per share is 28.57%. The day-wise trend of the IPO GMP of Enser Communications opens on 15 March 2024:

GMP Date IPO Price GMP Subject to Suada Rate Estimated Listing Price
15 March 2024 70 ₹20 30400 ₹90

Enser Communications IPO Dates

Enser Communications opened for applications from investors on 15 March 2024, and it will close for applications on 19 March 2024. 

The process of IPO allotment will commence on 20 March 2024. Investors can expect the refund initiation for the shares they subscribed to but haven’t allotted in the allotment process on 21 March 2024 in their Demat account. 

The shares of Enser Communications will be listed on NSE SME on 22 March 2024 after the IPO. 

Date  Enser Communications IPO Events
15 March 2024 IPO Opening Date
19 March 2024 IPO Closing date
20 March 2024 Allotment of IPO
21 March 2024 Refund Initiation
22 March 2024 Listing Date
19 March 2024 UPI mandates confirmation cut-off time.

Enser Communications IPO GMP

Enser Communications IPO Details 

The Enser Communications IPO issue is the first public issue of the company. The fresh IPO issue of the company has 23,10,000 equity shares of face value of ₹10 for each. The price of each share of Enser Communications is ₹70. 

Enser Communications is looking to raise the ₹16.17 crore through the IPO. The company will use the fund to invest in its IT infrastructure, meet the issue expenses, and utilize it to meet the working capital requirements of the Enser Communications Company. 

The Offer for Sale (OFS) does not apply to the Enser IPO issue. The market lot size of the Enser Communications IPO is 2000 shares. 

The registrar of the Enser Communications IPO issue is Skyline Financial Services Pvt Ltd. and the book-running lead manager of the issue is Fast Track Finsec Pvt Ltd. 

The market maker of Enser Communications, B.N. Rathi Securities has 118,000 shares offered by the company. 

Company Name  Enser Communications
IPO Total Size  23.1 lakh shares (matches up to ₹16.17 crore)
Issue type Fixed Price Issue
Lot Size  2000 shares
Price band ₹70 per equity share
Face Value ₹10 per equity share
Fresh issue 23.1 lakh shares (matches up to ₹16.17 crore)
Listing at  NSE SME
Market Maker 118,000 shares

Enser communications IPO Reservations and Lot Size

The Enser Communications had reserved the IPO shares for the investor category in the following manner:

Investors Category Shares offered
Other than retail investor  47.45% of the issue (10,96,000 shares)
Retail 47.45% of the issue (10,96,000 shares)

The promoters of Enser Communications Mr. Rajnish Omprakash Sarna, Mrs. Sindhu Nair, Mr. Harihara Subramanian Iyer, and Mrs Gyatari Rajnish Sarna held 90.13% shares before the IPO issue and after the issue, their shares will be diluted to 66.25%. 

The market lot size of the Enser Communications IPO is 2000 shares. The retail investors can bid with a minimum investment of ₹140,000 in one lot of 2000 shares. The lot size for the Enser Communications IPO is given below as per the inverter category:

Investor Category Lots Shares Amount
Retail (min.) 1 2000 ₹140,000
Retail (max.) 1 2000 ₹140,000
HNI (min.) 2 4000 ₹280,400

Enser Communications Financial Performance 

Enser Communications is engaged in a highly competitive market of communications. The market cap of the Enser Communications IPO is ₹61.01 crore. The financial performance of the company in September 2023 is:

Net worth/RoNW 653.24/ 32.76%
Share Capital 1.07
Total revenue 1815.89
ROE 32.76%
PAT 213.98

 The company has an average EPS of ₹1.73 and a new RoNW of 0.30% for the last three fiscal years.  

The issue of Enser Communications appears fully priced, the investors can apply for the Enser Communication ongoing IPO.

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